Reports
Global Miniature Ball Bearing Market: By Type: Dust Cover Miniature Ball Bearings, Open Miniature Ball Bearings, Others; By Application: Automotive, Industrial, Aerospace, Others; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics; Manufacturing Process; Competitive Landscape; Industry Events and Developments
Global Miniature Ball Bearing Market Outlook
The global miniature ball bearing market attained a value of about USD1540 million in 2020. The market is further expected to grow at a CAGR of about 6.5% to reach a value of approximately USD 2247 million by 2026.
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The Asia Pacific is among the leading markets, accounting for the majority of the global market share. The Asia Pacific is a leading market for the manufacture of miniature ball bearing. The major demand for the product comes from gearboxes, the medical industry, cars, engines, manufacturing, and other industries. In several Asian countries, the investments by the governments in the manufacturing industries have led to a rise in the demand for the product. The industrial application of miniature ball bearing goods is massive. It involves the creation of a particular miniature ball bearing. Increased infrastructure and industrialisation have led to the expansion of the product in the Asia Pacific market.
Market Segmentation
Miniature ball bearings are system parts with an outer diameter of 22 millimetres or less. They consist of an inner and outer ring, barriers, snap plates, balls, and brackets. They are capable of handling large loads due to which they are used for the relocation of heavy objects. Moreover, due to their high-rotary parts, these ball bearings are also useful for the determination of rotational accuracy. As a consequence, small ball bearings are used in telecommunications devices, domestic electrical appliances, and automobile parts.
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Based on type, the industry can be divided into dust cover and open miniature ball bearings, among others. It finds wide applications in the following sectors:
- Automotive
- Industrial
- Aerospace
- Household Electrical Appliances
- Medical
- Robotics
- Others
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Market Analysis
Miniature ball bearings are widely used in the automotive industry for the manufacture of mechanical components such as fan engines, wipers, throttles, etc. The growing demand for automotive components is thus directly proportional to the demand for miniature ball bearing. This serves as one of the key factors driving the development of the market for the product. The rapid urbanisation and industrialisation and the increased consumer disposable incomes are other factors that stimulate demand for the product.
Competitive Landscape
The report gives a detailed analysis of the following key players in the global miniature ball bearing market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- NSK Ltd.
- Kitanihonseiki Co.,Ltd
- Cixing Group Co., Ltd
- Gebr. Reinfurt GmbH & Co. KG (GRW)
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Type, Application, Region |
| Breakup by Type | Dust Cover Miniature Ball Bearings, Open Miniature Ball Bearings, Others |
| Breakup by Application | Automotive, Industrial, Aerospace, Household Electrical Appliances, Medical, Robotics, Others |
| Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | NSK Ltd., Kitanihonseiki Co.,Ltd, Cixing Group Co., Ltd, Gebr. Reinfurt GmbH & Co. KG (GRW), Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
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 Miniature Ball Bearing Market Analysis
8.1 Key Industry Highlights
8.2 Global Miniature Ball Bearing Historical Market (2018-2022)
8.3 Global Miniature Ball Bearing Market Forecast (2023-2028)
8.4 Global Miniature Ball Bearing Market by Type
8.4.1 Dust Cover Miniature Ball Bearings
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Open Miniature Ball Bearings
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.4.3 Others
8.5 Global Miniature Ball Bearing Market by Application
8.5.1 Automotive
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Industrial
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.5.3 Aerospace
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2022)
8.5.3.3 Forecast Trend (2023-2028)
8.5.4 Household Electrical Appliances
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2018-2022)
8.5.4.3 Forecast Trend (2023-2028)
8.5.5 Medical
8.5.5.1 Market Share
8.5.5.2 Historical Trend (2018-2022)
8.5.5.3 Forecast Trend (2023-2028)
8.5.6 Robotics
8.5.6.1 Market Share
8.5.6.2 Historical Trend (2018-2022)
8.5.6.3 Forecast Trend (2023-2028)
8.5.7 Others
8.6 Global Miniature Ball Bearing Market by Region
8.6.1 Market Share
8.6.1.1 North America
8.6.1.2 Europe
8.6.1.3 Asia Pacific
8.6.1.4 Latin America
8.6.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
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 (2018-2022)
9.2.2 Forecast Trend (2023-2028)
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 Market (2018-2022)
9.3.2 Market Forecast (2023-2028)
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 (2018-2022)
9.4.2 Forecast Trend (2023-2028)
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 (2018-2022)
9.5.2 Forecast Trend (2023-2028)
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 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Manufacturing Process
12.1 Detailed Process Flow
12.2 Operations Involved
12.3 Mass Balance
13 Competitive Landscape
13.1 Market Structure
13.2 Key Players' Market Share
13.3 Company Profiles
13.3.1 NSK Ltd.
13.3.1.1 Company Overview
13.3.1.2 Product Portfolio
13.3.1.3 Demographic Reach and Achievements
13.3.1.4 Financial Summary
13.3.1.5 Certifications
13.3.2 Kitanihonseiki Co.,Ltd
13.3.2.1 Company Overview
13.3.2.2 Product Portfolio
13.3.2.3 Demographic Reach and Achievements
13.3.2.4 Financial Summary
13.3.2.5 Certifications
13.3.3 Cixing Group Co., Ltd
13.3.3.1 Company Overview
13.3.3.2 Product Portfolio
13.3.3.3 Demographic Reach and Achievements
13.3.3.4 Financial Summary
13.3.3.5 Certifications
13.3.4 Gebr. Reinfurt GmbH & Co. KG (GRW)
13.3.4.1 Company Overview
13.3.4.2 Product Portfolio
13.3.4.3 Demographic Reach and Achievements
13.3.4.4 Financial Summary
13.3.4.5 Certifications
13.3.5 Others
14 Industry Events and Developments
List of Key Figures and Tables
1. Global Miniature Ball Bearing Market: Key Industry Highlights, 2018 and 2028
2. Global Miniature Ball Bearing Historical Market: Breakup by Type (USD Million), 2018-2022
3. Global Miniature Ball Bearing Market Forecast: Breakup by Type (USD Million), 2023-2028
4. Global Miniature Ball Bearing Historical Market: Breakup by Application (USD Million), 2018-2022
5. Global Miniature Ball Bearing Market Forecast: Breakup by Application (USD Million), 2023-2028
6. Global Miniature Ball Bearing Historical Market: Breakup by Region (USD Million), 2018-2022
7. Global Miniature Ball Bearing Market Forecast: Breakup by Region (USD Million), 2023-2028
8. North America Miniature Ball Bearing Historical Market: Breakup by Country (USD Million), 2018-2022
9. North America Miniature Ball Bearing Market Forecast: Breakup by Country (USD Million), 2023-2028
10. Europe Miniature Ball Bearing Historical Market: Breakup by Country (USD Million), 2018-2022
11. Europe Miniature Ball Bearing Market Forecast: Breakup by Country (USD Million), 2023-2028
12. Asia Pacific Miniature Ball Bearing Historical Market: Breakup by Country (USD Million), 2018-2022
13. Asia Pacific Miniature Ball Bearing Market Forecast: Breakup by Country (USD Million), 2023-2028
14. Latin America Miniature Ball Bearing Historical Market: Breakup by Country (USD Million), 2018-2022
15. Latin America Miniature Ball Bearing Market Forecast: Breakup by Country (USD Million), 2023-2028
16. Middle East and Africa Miniature Ball Bearing Historical Market: Breakup by Country (USD Million), 2018-2022
17. Middle East and Africa Miniature Ball Bearing Market Forecast: Breakup by Country (USD Million), 2023-2028
18. Global Miniature Ball Bearing Market Structure
Key Questions Answered in the Report
In 2020, the global miniature ball bearing market reached a value of nearly 1540 million.
In the forecast period of 2023-2028, the market is projected to grow at a CAGR of almost 6.5%.
By 2026, the market is estimated to attain a value of about USD 2247 million.
The major drivers of the industry such as rising disposable incomes, increasing population, and growing demand from automotive, telecommunications, and electrical industries, are expected to aid the market growth.
The rising adoption of Industrial Internet of Things and improvement in product design and performance are the major trends informing the growth of the industry.
The major regions in the market 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 leading types of the product in the industry are dust cover and open miniature ball bearings, among others.
The major application segments in the industry are automotive, industrial, aerospace, household electrical appliances, medical, and robotics, among others.
The leading players in the industry are NSK Ltd., Kitanihonseiki Co.,Ltd, Cixing Group Co., Ltd, and Gebr. Reinfurt GmbH & Co. KG (GRW), among others.
Analyst Review
The global miniature ball bearing market attained a value of about USD 1540 million in 2020 driven by the growing automotive industry and the rising industrialisation in the emerging economies. Aided by the technological advancements, the market is expected to witness a further growth in the forecast period of 2023-2028, growing at a CAGR of 6.5%. The market is projected to reach USD 2247 million by 2026.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its types, the miniature ball bearing market can be segmented into dust cover and open miniature ball bearings, among others. On the basis of application, the industry is divided into automotive, industrial, aerospace, household electrical appliances, medical, and robotics, among others. The major regional markets for the product 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 market. The key players in the above market include NSK Ltd., Kitanihonseiki Co.,Ltd, Cixing Group Co., Ltd, and Gebr. Reinfurt GmbH & Co. KG (GRW), 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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