Global Ball Bearings Market Growth 2023-2029

Global Ball Bearings Market Growth 2023-2029

Ball bearings, also called ball bearings, are a type of rolling bearing. Ball balls are installed between the inner and outer steel rings to reduce friction during power transmission and improve the efficiency of mechanical power transmission by rolling.

LPI (LP Information)' newest research report, the “Ball Bearings Industry Forecast” looks at past sales and reviews total world Ball Bearings sales in 2022, providing a comprehensive analysis by region and market sector of projected Ball Bearings sales for 2023 through 2029. With Ball Bearings sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Ball Bearings industry.

This Insight Report provides a comprehensive analysis of the global Ball Bearings landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Ball Bearings portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Ball Bearings market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Ball Bearings and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Ball Bearings.

The global Ball Bearings market size is projected to grow from US$ 26060 million in 2022 to US$ 33220 million in 2029; it is expected to grow at a CAGR of 33220 from 2023 to 2029.

The major players in global Ball Bearing market include SKF, Schaeffler, NSK, etc. The top 3 players occupy about 40% shares of the global market. Europe and China are main markets, they occupy about 60% of the global market. Deep groove ball bearing is the main type, with a share about 40%. Industrial equipment is the main application, which holds a share about 50%.

This report presents a comprehensive overview, market shares, and growth opportunities of Ball Bearings market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Deep-Groove Ball Bearings
Angular Contact Ball Bearings
Axial Ball Bearings
Self-Aligning Ball Bearings
Others

Segmentation by application
Heavy industry
Military
Aerospace Engineering
Automotive
General Engineering
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
JTEKT Corporation
LYC Bearing
MinebeaMitsumi
SKF Company
NSK
Schaeffler Technologies
RBC Bearings
NTN Corporation

Key Questions Addressed in this Report

What is the 10-year outlook for the global Ball Bearings market?

What factors are driving Ball Bearings market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Ball Bearings market opportunities vary by end market size?

How does Ball Bearings break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.