Global Ball Bearing Market: By Application: Automobile, General Engineering, Mining and Construction, Railways, Aerospace and Shipping, Agriculture, Others; Regional Analysis; Historical Market and Forecast (2015-2025); Market Dynamics; Trade Data Analysis; Manufacturing Process; Competitive Landscape; Industry Events and Developments

Global Ball Bearing Market Outlook

The global ball bearing market size reached a value of about USD 36.6 billion in 2019. The market is further expected to increase at a CAGR of 4.5% between 2020 and 2025 to reach a value of approximately USD 47.6 billion by 2025.

The Asia Pacific is the major market for ball bearings, accounting for the largest ball bearing market share. Significant nations, including China, India, Japan, Korea, Taiwan, and Indonesia, are adding to the expansion of the Asia Pacific market for ball bearings. End-user segments in the region that rely heavily on ball bearings are experiencing growth due to factors like the existence of favourable government policies, growing disposable incomes, rapid urbanization, as well as the rising living standards. This, in effect, will drive the growth of the industry in this region. In addition, growing investment in end-user sectors would also improve the growth prospects of the Asia Pacific industry.

Automobile holds the largest application segment accounting for the largest share of the global ball bearing market. Wind turbines need maintenance-free as well as high-quality ball bearings to help increase the efficiency and performance of the turbine. The increasing number of windmills in the world is generating a huge demand for ball bearings in this industry. Producers are now producing ball bearing sensor modules that are used in conveyors, road rollers, and electric motors. Such components aid in the digital monitoring of revolution speed, acceleration, axial movement, deceleration, as well as load power. These factors have significantly aided the growth of the ball bearing market.

 

Properties and Applications

A ball bearing, also recognized as an anti-friction part, is a type of rolling-element that has two ring-like tracks with small, freely rotating metal balls between them. Such metal balls provide smooth and low friction by carrying both axial and radial loads. Ball bearings are easy to maintain and, thus, are reliable in service due to their simple nature. These also help to support weight, promote effective transmission of power, and ensure proper alignment of movable components. Thanks to these properties, ball bearings are commonly used for high-speed and rotary applications in a wide range of industries.

It finds wide application in the following sectors:

  • Automobile
  • General Engineering
  • Mining and Construction
  • Railways, Aerospace, and Shipping
  • Agriculture
  • Others

The regional markets for ball bearing include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Market Analysis

The increasing use of ceramic balls in applications requiring high-grade electrical insulation remains the main driver for global ball bearing market development. The change in emphasis on decreased reliance on transport using petrol or other fossil fuels has been seen in developing nations. This, combined with a rise in social consciousness, has contributed to a rise in the electric vehicle industry, which in consequence has an impact on the demand for ceramic ball bearings. Other factors driving the industry growth include growing investment in rail as well as aerospace, rising wind power output, and the need for lightweight bearings in the automotive sector. All these factors are positively impacting the growth of the industry.

 

Competitive Landscape

The report gives a detailed analysis of the following key players in the global ball bearing market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • NTN Bearing Corporation
  • The Timken Company
  • Schaeffler Group
  • Jtekt Corporation
  • SKF
  • Others

The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model along with giving a SWOT analysis.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Ball Bearing Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Ball Bearing Historical Market (2015-2019) 
    8.3    Global Ball Bearing Market Forecast (2020-2025)
    8.4    Global Ball Bearing Market by Application
        8.4.1    Automobile
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2015-2019)
            8.4.1.3    Forecast Trend (2020-2025)
        8.4.2    General Engineering
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2015-2019)
            8.4.2.3    Forecast Trend (2020-2025)
        8.4.3    Mining and Construction
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2015-2019)
            8.4.3.3    Forecast Trend (2020-2025)
        8.4.4    Railways, Aerospace and Shipping
            8.4.4.1    Market Share
            8.4.4.2    Historical Trend (2015-2019)
            8.4.4.3    Forecast Trend (2020-2025)
        8.4.5    Agriculture
            8.4.5.1    Market Share
            8.4.5.2    Historical Trend (2015-2019)
            8.4.5.3    Forecast Trend (2020-2025)
        8.4.6    Others
    8.5    Global Ball Bearing Market by Region
        8.5.1    Market Share
            8.5.1.1    North America
            8.5.1.2    Europe
            8.5.1.3    Asia Pacific
            8.5.1.4    Latin America
            8.5.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2015-2019)
        9.1.2    Forecast Trend (2020-2025)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2015-2019)
        9.2.2    Forecast Trend (2020-2025)
        9.2.3    Breakup by Country
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2015-2019)
        9.3.2    Forecast Trend (2020-2025)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2015-2019)
        9.4.2    Forecast Trend (2020-2025)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2015-2019)
        9.5.2    Forecast Trend (2020-2025)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyers Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    EMR’s Key Indicators for Demand
    10.4    EMR’s Key Indicators for Price
11    Value Chain Analysis
12    Trade Data Analysis

    12.1    Major Importing Countries
        12.1.1    By Volume
        12.1.2    By Value
    12.2    Major Exporting Countries
        12.2.1    By Volume
        12.2.2    By Value
13    Manufacturing Process
    13.1    Detailed Process Flow
    13.2    Operations Involved
    13.3    Mass Balance
14    Competitive Landscape
    14.1    Market Structure
    14.2    Key Players’ Market Share
    14.3    Company Profiles
    14.3.1    NTN Bearing Corporation
        14.3.1.1    Company Overview
        14.3.1.2    Product Portfolio
        14.3.1.3    Demographic Reach and Achievements
        14.3.1.4    Financial Summary
        14.3.1.5    Certifications
    14.3.2    The Timken Company
        14.3.2.1    Company Overview
        14.3.2.2    Product Portfolio
        14.3.2.3    Demographic Reach and Achievements
        14.3.2.4    Financial Summary
        14.3.2.5    Certifications
    14.3.3    Schaeffler Group
        14.3.3.1    Company Overview
        14.3.3.2    Product Portfolio
        14.3.3.3    Demographic Reach and Achievements
        14.3.3.4    Financial Summary
        14.3.3.5    Certifications
    14.3.4    Jtekt Corporation
        14.3.4.1    Company Overview
        14.3.4.2    Product Portfolio
        14.3.4.3    Demographic Reach and Achievements
        14.3.4.4    Financial Summary
        14.3.4.5    Certifications
    14.3.5    SKF
        14.3.5.1    Company Overview
        14.3.5.2    Product Portfolio
        14.3.5.3    Demographic Reach and Achievements
        14.3.5.4    Financial Summary
        14.3.5.5    Certifications
    14.3.6    Others
15    Industry Events and Developments

 

List of Figures and Tables

1.    Global Ball Bearing Market: Key Industry Highlights, 2015 and 2025
2.    Global Ball Bearing Historical Market: Breakup by Application (USD Billion), 2015-2019
3.    Global Ball Bearing Market Forecast: Breakup by Application (USD Billion), 2020-2025
4.    Global Ball Bearing Historical Market: Breakup by Region (USD Billion), 2015-2019
5.    Global Ball Bearing Market Forecast: Breakup by Region (USD Billion), 2020-2025
6.    North America Ball Bearing Historical Market: Breakup by Country (USD Billion), 2015-2019
7.    North America Ball Bearing Market Forecast: Breakup by Country (USD Billion), 2020-2025
8.    Europe Ball Bearing Historical Market: Breakup by Country (USD Billion), 2015-2019
9.    Europe Ball Bearing Market Forecast: Breakup by Country (USD Billion), 2020-2025
10.    Asia Pacific Ball Bearing Historical Market: Breakup by Country (USD Billion), 2015-2019
11.    Asia Pacific Ball Bearing Market Forecast: Breakup by Country (USD Billion), 2020-2025
12.    Latin America Ball Bearing Historical Market: Breakup by Country (USD Billion), 2015-2019
13.    Latin America Ball Bearing Market Forecast: Breakup by Country (USD Billion), 2020-2025
14.    Middle East and Africa Ball Bearing Historical Market: Breakup by Country (USD Billion), 2015-2019
15.    Middle East and Africa Ball Bearing Market Forecast: Breakup by Country (USD Billion), 2020-2025
16.    Major Importing Countries by Volume (2019)
17.    Major Exporting Countries by Volume (2019)
18.    Major Importing Countries by Value Million USD (2019)
19.    Major Exporting Countries by Value Million USD (2019)
20.    Global Ball Bearing Market Structure

Key Questions Answered in the Report

In 2019, the global ball bearing market attained a value of almost USD 36.6 billion.

In the forecast period of 2020-2025, the market is projected to grow at a CAGR of 4.5%.

By 2025, the market is estimated to reach a value of nearly USD 47.6 billion.

The major drivers of the industry, such as the growing use of ceramic balls in applications requiring high-grade electrical insulation, rising disposable incomes, rapid urbanization, growing living standards, favourable government policies, and increasing investments in rail and aerospace industries are expected to aid the market growth.

The rising generation of wind power and the growing electrification of vehicles are expected to be key trends guiding the growth of the industry.

The major regions in the industry are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa, with the Asia Pacific accounting for the largest market share.

The automobile segment accounts for the largest market share among other application segments in the industry.

The key players in the industry are NTN Bearing Corporation, The Timken Company, Schaeffler Group, Jtekt Corporation, and SKF, among others.

Analyst Review

The global ball bearing market attained a value of USD 36.6 billion in 2019 driven by the growing investments in rail and aerospace industries. Aided by the rising adoption of electric vehicles, the market is expected to witness a further growth in the forecast period of 2020-2025, growing at a CAGR of 4.5%. The market is projected to reach USD 47.6 billion by 2025.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. On the basis of application, the automobile sector accounts for the largest share in the industry. The major regional markets for ball bearing are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa, with the Asia Pacific accounting for the largest share of the industry. The key players in the above industry include NTN Bearing Corporation, The Timken Company, Schaeffler Group, Jtekt Corporation, and SKF, among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.  

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