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Latest Research Report to uncover key Factors of Global Ball Bearings Market
17 Jun,2019 A ball bearing is a type of rolling-element bearing that uses balls to maintain the separation between the bearing races. The purpose of a ball bearing is to reduce rotational friction and support radial and axial loads. It achieves this by using at least three races to contain the balls and transmit the loads through the balls. In most applications, one race is stationary and the other is attached to the rotating assembly. As one of the bearing races rotates it causes the balls to rotate as well. Because the balls are rolling they have a much lower coefficient of friction than if two flat surfaces were sliding against each other.
The increasing demand for ball bearings drives the market. Rising requirement for ceramic ball bearings in electric vehicles, growing investment in railways and aerospace, increasing need for wind power generations, financial growth in emerging countries and rise in need for lightweight bearings in automotive sector are main factors contributing to the growth of market. However, risk of low-cost and fake products, enlarged usage of pre-owned bearings and lack of product differentiation and Cartelization are hampering the market growth. Asia Pacific dominated the largest market share due to the increasing usage of ball bearings in automotive, textile, railway and other industrial applications in this region.
The global Ball Bearings market is valued at xx million US$ in 2018 is expected to reach xx million US$ by the end of 2025, growing at a CAGR of xx% during 2019-2025.
This report focuses on Ball Bearings volume and value at global level, regional level and company level. From a global perspective, this report represents overall Ball Bearings market size by analyzing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, China and Japan.
Key companies profiled in Ball Bearings Market report are Jtekt Corporation, Lyc Bearing, Minebeamitsumi, Skf Company, Nsk, Schaeffler Technologies, Rbc Bearings, Ntn Corporationand more in term of company basic information, Product Introduction, Application, Specification, Production, Revenue, Price and Gross Margin (2014-2019), etc.