Ball bearings have wide applications in instruments and machinery for the purpose of reducing the friction and power loss. They are highly engineered component which enables the machines to move at a high speed with maximum efficiency. There are many variations in the ball bearings, depending upon the particular characteristics and specific applications. The ball bearings types are listed as follows: ball bearings, cylindrical and needle ball bearings, tapered roller bearings and spherical roller bearings.
Technological advancement in the automotive sectors such as automated manual transmission, pre-collision technology and others has resulted in the increased demand for the vehicles. This factor has led to the increased production of vehicles, thereby driving the market growth. Increased quality in the vehicles manufactured has been playing a significant role in increasing the lifespan of the vehicles, hence contributing in market growth. However, the fluctuation in the price of raw materials and reduced wear and tear of ball bearing owing to the improvement in the technology may slow down the market growth.
The ball bearings market is majorly segmented on the basis of type and applications. Based on the types of ball bearings, market is bifurcated into: ball bearings, cylindrical and needle ball bearings, tapered roller bearings and spherical roller bearings, while on the basis of applications the market is segmented into: Automotive, Agriculture, Electrical, Mining & Construction, Railway & Aerospace, Automotive Aftermarket and Others.
The ball bearing market is analysed across the regions such as: North America, Europe, Asia Pacific and LAMEA (Latin America, Middle East and Africa). Among the following regions spanned, Asia Pacific is expected to witness a fast growth mainly owing to the increased demand of vehicles in the countries such as India, China and Japan. Moreover the expansion in the mining and construction sector in India has also contributed in the market growth, while North America and European regions is projected to show a stable growth mainly due to the increased investment in the research and development and well established infrastructure.
The major players operating in the market are: Timken Company, Svenska Kullagerfabriken AB, Schaeffler AG. , Jtekt Corporation , NTN Corporation , Iljin Bearing Co., Ltd. , ORS Bearings , CW Bearing , C&U Bearing , RKB Bearings , RBC Bearings.
About Garner Insights:
Garner Insights (GarnerInsights.com) is a Market Intelligence and Business Consulting firm led by professionals with a vast experience and knowledge of the market research industry.
Our vast repository of research reports across various categories, gives you a complete view of the ever-evolving trends and current topics worldwide. Our constant focus is on improving the data and finding innovative methods, which will help your business drive profitable growth.
The research methodology is designed to cater all your research needs which is backed by exclusive quantitative and analytics driven intelligence. It consists of primary and secondary methods which is a testimony of the information comprised. The meticulous and distinct data gathering methods are in line with the highest standards of data mining in the industry.
We have a plethora bank of publishers who share their various quality reports using our platform and expertise. The data bank is monitored by team of experts which is validated by various statistical data and trending content.
Mr. Kevin Thomas
+1 513 549 5911 (US)
+44 203 318 2846 (UK)
Email – sales@GarnerInsights.com