SHERIDAN, WYOMING, USA, July 25, 2022 /EINPresswire.com/ — According to the latest report of the IMARC group, entitled “Japanese ceramic ball bearing market: Industry Trends, Share, Size, Growth, Opportunities and Forecast 2021-2026”, the Japanese ceramic ball bearing market reached a value of US$90.6 million in 2020. Looking ahead, IMARC Group expects the market to grow at a CAGR of 7.6% during 2021-2026.
Ceramic ball bearings are anti-friction mechanical components that include a ceramic roller ball, inner race, outer race and cage made of stainless steel or heat-treated chrome. They are lightweight and corrosion resistant and offer high stiffness and low thermal expansion compared to their metal counterparts. Currently, ceramic ball bearings are widely used in vacuum pumps, machine tools, bicycles and underwater equipment across Japan to meet industry requirements and minimize the risk of costly repairs and reduce operating costs.
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Japan Ceramic Ball Bearing Market Trends:
Ceramic ball bearings are widely used in automotive gearboxes, engines, transmissions and flywheels. This, coupled with the growing use of both public and private vehicles, is bolstering the market growth in Japan. Additionally, the widespread adoption of ceramic ball bearings in the manufacture of marine and railway machinery capable of operating effectively in harsh and adverse climatic conditions is creating a positive outlook for the market. Additionally, the introduction of improved ceramic ball bearing components with improved efficiency and speed and reduced risk of error due to the ultra-precise processing technology is driving the market in the country.
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Japan Ceramic Ball Bearing Market Analysis and Segmentation 2021-2026:
The report has segmented the market based on region, raw material, product type and application.
Breakdown by raw material:
Breakdown by product type:
Hybrid ceramic ball bearings
Full ceramic ball bearings
Breakdown by application:
Under water equipment
Breakdown by region:
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Main highlights of the report:
Market Performance (2015-2020)
Market Outlook (2021-2026)
Porter’s Five Forces Analysis
Market drivers and success factors
Complete mapping of the competitive landscape
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