Global Ball Bearing Market 2017-2021 | Deep Groove Segment Dominates the Global Market | Technavio

LONDON–(COMMERCIAL THREAD) – According to the latest market research report released by Technavio, the global ball bearings market is expected to accelerate at a CAGR of nearly 5% during the forecast period. The increased use of precision ball bearings for noise damping is one of the key factors triggering the growth of the market.

This research report titled ‘Global Ball Bearing Market 2017-2021‘provides an in-depth analysis of the market in terms of revenues and emerging market trends. It also includes up-to-date analysis and forecast for various market segments and all geographies.

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The market research analysis categorizes the Global Ball Bearing Market into the following products:

  • Deep groove ball bearings

  • Angular contact ball bearings

  • Spherical ball bearings

In 2016, the deep groove ball bearing segment accounted for 37.26% of the global market and is expected to decline to 36.75% by 2021, showing an almost 0.51% decrease in market share.

Global Ball Bearing Market: Emerging Trend

Innovation in the development of ball bearings is an emerging trend in the market. Ball bearing manufacturers invest heavily in developing innovative designs and materials to effectively improve the working capacity of ball bearings at lower cost. Manufacturers focus on improving the characteristics of existing bearings, such as improving service life, improving frictional resistance, reducing torque, reducing size, increasing temperature range, reducing weight and reducing power consumption. As the global ball bearing market is in its mature stage, manufacturers face challenges in product differentiation and profit retention.

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Technavio sample reports are free and contain several report sections including market size and forecast, drivers, challenges, trends, etc.

Technavio’s report provides expert market research on the following topics:

Executive report

  • Market Snapshot

  • Global Ball Bearing Market Overview

Market Snapshot

  • Market sizing and forecasting

  • Market growth

  • Market drivers and challenges

  • Main emerging trends

Market segmentation analysis

  • Regional comparison (APAC, Americas and EMEA)

  • Main leading countries

  • Market segmentation by product (deep groove ball bearings, angular contact ball bearings and spherical ball bearings)

  • Market segmentation by end user (automotive industry, heavy industry and aerospace and rail industry)

Supplier landscape

  • Supplier ranking

  • Positioning of sellers in the market

  • Competitive scenario

  • Analysis of the main suppliers (SKF, NSK, NTN, JTEKT and Schaeffler)

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