Global Stainless Steel Balls Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Stainless Steel Balls Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Stainless steel balls are spherical metal components made of various grades of stainless steel, they are usually manufactured to tight tolerances and are therefore available in a variety of sizes and specifications. Also available polished or unpolished depending on the application. Stainless steel balls are highly resistant to corrosion, heat, and wear and are therefore commonly used in a variety of applications. For example, it can be used in bearings, valves, and pumps in industrial equipment. In the automotive industry, stainless steel balls can be used as rolling mechanisms in rotating parts such as bearings and wheels.

Market Overview:

The latest research study on the global Stainless Steel Balls market finds that the global Stainless Steel Balls market reached a value of USD 296.89 million in 2022. It’s expected that the market will achieve USD 420.11 million by 2028, exhibiting a CAGR of 5.96% during the forecast period.

Growing demand for stainless steel balls in the automotive industry

The automotive industry is one of the major end users of stainless steel balls. These balls are used in various applications such as bearings, valves, and fuel injectors. Stainless steel balls are used in automotive turbochargers which are critical components in the operation of turbocharger components. Turbochargers are designed to increase the efficiency of an engine by compressing the intake air, thereby increasing the overall power output of the engine. As the auto industry shifts to electric vehicles, turbochargers have become even more important because they can help improve the efficiency of small engines. According to the automobile production data released by the International Organization of Automobile Manufacturers, in 2022, due to the impact of the epidemic, global automobile production will turn from negative to positive, with a total of 85.0167 million vehicles produced, an increase of 4.8116 million vehicles over the previous year, an increase of 6.0% year-on-year. With the continuous need to improve vehicle efficiency and performance, especially in the electric vehicle market, the demand for stainless steel balls is increasing rapidly.

Region Overview:

In global comparison, a significant portion of the revenue was generated in Asia Pacific.

Company Overview:

TSUBAKI NAKASHIMA is a professional manufacturer of precision balls and rollers, as well as ball screws and other mechanical parts, headquartered in Nara, Japan. Besides Japan, they are also manufactured in the USA, Italy, Poland, Slovakia, Netherlands, Bosnia, UK, China, Thailand, India and Taiwan. They manufacture a wide range of high-quality precision balls, rollers and ball screws in over 20,000 product types. Various sizes and materials including ceramic and steel are used to meet customer specific requirements.

Segmentation Overview:

Among different product types, Non Hardened Stainless Steel Balls segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Industrial Equipment segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Stainless Steel Balls market covered in Chapter 3:

BC Precision
RGPBALLS Srl
Amatsuji Steel Ball Mfg. Co., Ltd.
Ningbo SIRT Steel Ball Co., Ltd.
SKF
Shandong SDBALLS Industry Co., LTD
United States Ball Corp
JENG KER INDUSTRIAL
Sato Tekkou Co., Ltd.
Preciball
Kwality Ball Company
TSUBAKI NAKASHIMA
Dongguan Lychon Hardware Co.,Ltd
Hartford Technologies
Thomson Industries, Inc.

In Chapter 4 and Chapter 14.2, on the basis of types, the Stainless Steel Balls market from 2018 to 2029 is primarily split into:

Hardened Stainless Steel Balls
Non Hardened Stainless Steel Balls

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Stainless Steel Balls market from 2018 to 2029 covers:

Medical Instrument Steel Ball
Steel Ball for Food Machinery
Cosmetic Steel Ball Accessories
Instrument Steel Ball

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)