Ball Bearing Market Size, Share, Opportunities, And Trends By Type (Deep Grove, Angular, Thrust Ball Bearing), By Material (Steel, Ceramic, Plastic, Glass), By End-Users (Automotive, Aerospace, Industrial, Manufacturing, Mining, Others), And By Geography - Forecasts From 2025 To 2030

Description

Suspension Insulators Market Size:

Ball Bearing Market, at a 3.57% CAGR, is expected to grow from USD 43.919 billion in 2025 to USD 52.340 billion by 2030.

A ball bearing is a trolling-element bearing consisting of several balls (usually made of steel, plastic, glass, or ceramic) held in a circular raceway. The purpose of a ball bearing is to reduce friction between two moving parts, allowing them to move more smoothly with less resistance. Ball bearings are typically designed to handle both radial and axial loads and can operate at high speeds with minimal friction. The different types of ball bearings include deep grove, angular, and thrust ball bearings. Ball bearings are used in various applications, including automotive, aerospace, industrial, manufacturing, and mining. The increasing focus on reducing energy consumption and enhancing efficiency in machinery and equipment, growing adoption of automation and robotics in manufacturing processes, and surge in the use of ball bearings in automotive production is expected to drive the demand for ball bearings, thereby boosting their market growth.

Ball Bearing Market Growth Drivers:

• The increasing automotive production is boosting the ball-bearing demand.

Ball bearings are used in various parts of automotive, including engines, transmissions, wheels, and suspension systems, and play a crucial role in reducing friction and wear between moving parts, which helps to improve the performance and durability of these components. Governments worldwide are tightening emissions standards which have made automakers produce more fuel-efficient cars. Ball bearings can help reduce emissions and energy consumption by reducing friction and increasing the engine's and transmission's efficiency. Anti-lock braking systems (ABS) and electronic stability control (ESC) require high-precision components that can operate reliably under a wide range of conditions, and ball bearings are well-suited for this purpose. The increasing demand for fuel-efficient, safe, and high-performance vehicles coupled with the growing production is driving the growth of ball bearings. According to the International Organization of Motor Vehicle Manufacturers (OICA), in 2022, global passenger car production increased by 7.9% compared to the previous year. According to the Association of Southeast Asian Nations Automotive Federation (ASEAN AF), the total passenger car production in the Southeast Asian region increased from 2.09 billion in 2021 to 2.65 billion in 2022. This demonstrates that ball bearings hold a great demand in the future.

• The upswing in manufacturing activity across key economies is anticipated to augment the ball bearing market growth. 

Ball bearings are essential components in a wide range of manufacturing equipment, including machine tools, conveyors, pumps, compressors, and turbines, as they help reduce friction and wear between moving parts, improving the equipment's efficiency, reliability, and lifespan. Ball bearings are often used in applications where precision and accuracy are critical. Ball bearings play an important role in automation and robotics as they enable smooth and precise movement of components and reduce the risk of breakdowns and downtime. The increase in manufacturing activities will boost the demand for ball bearings. According to the United Nations Industrial Development Organization (UNIDO), global manufacturing activity has been recovering since the second half of 2020 after a significant decline due to the COVID-19 pandemic. UNIDO also reported that manufacturing production increased by 1.9% in the first quarter of 2021, with the strongest growth in developing economies.

Ball Bearing Market Geographical Outlook:

• The Asia Pacific region is expected to hold a significant market share during the forecast period.

The Asia-Pacific region is projected to hold a significant market share due to the growth in manufacturing activities, automotive, aerospace, and electronics industries in countries such as China, Japan, and India, and rapid industrialization and urbanization. The "Dual Circulation Strategy," a development plan announced by the Chinese government in 2020, aimed at boosting domestic demand and reducing reliance on foreign markets, and the plan included investments in technology, infrastructure, and innovation to strengthen the domestic supply chain and promote the growth of the manufacturing industry. In August 2021, "the Vehicle Scrappage Policy" was introduced by the Indian government, which aims to gradually phase out outdated, environmentally hazardous vehicles. This policy parallelly increases the production and sales of new cars. In 2020, the Ministry of Economy, Trade, and Industry (METI) of Japan released an "Industry 4.0 Implementation Guideline" to promote the digital transformation of the manufacturing sector, and the guideline provides practical advice and recommendations for companies seeking to implement Industry 4.0 technologies, including IoT, AI, and robotics. The increasing manufacturing activities using modern technologies like robotics and the rising production of automobiles in the Asia-Pacific region will boost the demand for ball bearings.

Market Segmentation:

• BALL BEARINGS MARKET TYPE
  • Deep Groove Ball Bearing
  • Angular Contact Ball Bearing
  • Self-Aligning Ball Bearing
  • Thrust Ball Bearing
• BALL BEARINGS MARKET BY MATERIAL
  • Steel
    • Stainless Stell
    • Chrome Steel
    • Carbon Steel
  • Ceramics
  • Plastics/ Polymer
• BALL BEARINGS MARKET BY END-USER
  • Automotive
  • Aerospace
  • Oil & Gas
  • Mining
  • Building & Construction
  • Others
• BALL BEARINGS MARKET BY GEOGRAPHY
  • North America
    • By Type
    • By Material
    • By End-User
    • By Country
      • USA
      • Canada
      • Mexico
  • South America
    • By Type
    • By Material
    • By End-User
    • By Country
      • Brazil
      • Argentina
      • Others
  • Europe
    • By Type
    • By Material
    • By End-User
    • By Country
      • Germany
      • France
      • United Kingdom
      • Spain
      • Others
  • Middle East and Africa
    • By Type
    • By Material
    • By End-User
    • By Country
      • Saudi Arabia
      • UAE
      • Israel
      • Others
  • Asia Pacific
    • By Type
    • By Material
    • By End-User
    • By Country
      • China
      • India
      • Japan
      • South Korea
      • Indonesia
      • Thailand
      • Taiwan
      • Others

Table Of Contents

1. EXECUTIVE SUMMARY
2. MARKET SNAPSHOT
    2.1. Market Overview
    2.2. Market Definition
    2.3. Scope of the Study
    2.4. Market Segmentation
3. BUSINESS LANDSCAPE
    3.1. Market Drivers
    3.2. Market Restraints
    3.3. Market Opportunities
    3.4. Porter’s Five Forces Analysis
    3.5. Industry Value Chain Analysis
    3.6. Policies and Regulations
    3.7. Strategic Recommendations
4. TECHNOLOGICAL OUTLOOK
5. BALL BEARINGS MARKET TYPE
    5.1. Introduction
    5.2. Deep Groove Ball Bearing
    5.3. Angular Contact Ball Bearing
    5.4. Self-Aligning Ball Bearing
    5.5. Thrust Ball Bearing
6. BALL BEARINGS MARKET BY MATERIAL
    6.1. Introduction
    6.2. Steel
        6.2.1. Stainless Stell
        6.2.2. Chrome Steel
        6.2.3. Carbon Steel
    6.3. Ceramics
    6.4. Plastics/ Polymer
7. BALL BEARINGS MARKET BY END-USER
    7.1. Introduction
    7.2. Automotive
    7.3. Aerospace
    7.4. Oil & Gas
    7.5. Mining
    7.6. Building & Construction
    7.7. Others
8. BALL BEARINGS MARKET BY GEOGRAPHY
    8.1. Introduction
    8.2. North America
        8.2.1. By Type
        8.2.2. By Material
        8.2.3. By End-User
        8.2.4. By Country
            8.2.4.1. USA
            8.2.4.2. Canada
            8.2.4.3. Mexico
    8.3. South America
        8.3.1. By Type
        8.3.2. By Material
        8.3.3. By End-User
        8.3.4. By Country
            8.3.4.1. Brazil
            8.3.4.2. Argentina
            8.3.4.3. Others
    8.4. Europe
        8.4.1. By Type
        8.4.2. By Material
        8.4.3. By End-User
        8.4.4. By Country
            8.4.4.1. Germany
            8.4.4.2. France
            8.4.4.3. United Kingdom
            8.4.4.4. Spain
            8.4.4.5. Others
    8.5. Middle East and Africa
        8.5.1. By Type
        8.5.2. By Material
        8.5.3. By End-User
        8.5.4. By Country
            8.5.4.1. Saudi Arabia
            8.5.4.2. UAE
            8.5.4.3. Israel
            8.5.4.4. Others
    8.6. Asia Pacific
        8.6.1. By Type
        8.6.2. By Material
        8.6.3. By End-User
        8.6.4. By Country
            8.6.4.1. China
            8.6.4.2. India
            8.6.4.3. Japan
            8.6.4.4. South Korea
            8.6.4.5. Indonesia
            8.6.4.6. Thailand
            8.6.4.7. Taiwan
            8.6.4.8. Others
9. COMPETITIVE ENVIRONMENT AND ANALYSIS
    9.1. Major Players and Strategy Analysis
    9.2. Market Share Analysis
    9.3. Mergers, Acquisitions, Agreements, and Collaborations
    9.4. Competitive Dashboard
10. COMPANY PROFILES
    10.1. NSK Ltd.
    10.2. SKF Group
    10.3. Schaeffler Group
    10.4. Timken Company
    10.5. NTN Corporation
    10.6. JTEKT Corporation
    10.7. Nachi-fujikoshi Corp.
    10.8. RBC Bearing Incorporated
    10.9. Scheerer Bearing Corporation
    10.10. C&U Group
    10.11. China Huanchi Bearing Group Co., Ltd.
11. APPENDIX
    11.1. Currency
    11.2. Assumptions
    11.3. Base and Forecast Years Timeline
    11.4. Key benefits for the stakeholders
    11.5. Research Methodology
    11.6. Abbreviations
LIST OF FIGURES
LIST OF TABLES

Companies Profiled

NSK Ltd

SKF Group

Schaeffler Group

Timken Company

NTN Corporation

JTEKT Corporation

Nachi-fujikoshi Corp

RBC Bearing Incorporated

Scheerer Bearing Corporation

C&U Group

China Huanchi Bearing Group Co., Ltd

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