According to the latest IMARC group report, entitled “North America Ceramic Ball Bearing Market: Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2020-2025“, the north america ceramic ball bearing market reached a value of approximately US $ 401 million in 2019. Going forward, IMARC Group expects the market to reach a value of approximately US $ 684 million by 2025, registering a CAGR 9.3% in 2020-2025.
We regularly monitor the direct effect of COVID-19[female[feminine on the market, as well as the indirect influence of associated industries. These observations will be incorporated into the report.
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Ceramic ball bearings are gaining popularity throughout the North American region. This can be accredited for their help in reducing frictional resistance, increasing stiffness and acceleration ability, and providing longer life. They also minimize operating costs and decrease the risk of expensive repairs. Currently, they are available in various types, including angular, thrust, plain, needle and roller bearings.
The North American region represents one of the major markets for ceramic ball bearings due to constant industrialization and technological innovations. Apart from this, as they have remarkable electrical insulating properties, which reduce the risk of electrical erosion and seizing of rolling elements, they find wide application in the manufacture of automotive components. In addition, many developments in the aerospace and automotive sectors are catalyzing product demand in the region. Growing demand for electric vehicles (EVs) due to growing environmental concerns is expected to drive the market.
North America Ceramic Ball Bearing Market Competitive Analysis and Segmentation 2020-2025:
Competitive landscape with key players:
The competitive landscape of the North America Ceramic Ball Bearings market has been studied in the report along with detailed profiles of the major players operating in the market.
Key market segmentation:
The report segmented the North American ceramic ball bearing market on the basis of raw material, product type, application, and country.
Breakdown by raw material:
- Zirconium oxide
- Silicon nitride
- Others
Breakdown by product type:
- Ceramic hybrid ball bearings
- Full ceramic ball bearings
Breakdown by application:
- Electric motor
- Car
- Underwater equipment
- Laboratory equipment
- Aerospace
- Others
Breakdown by country:
- United States
- Canada
- Mexico
Explore the full report with table of contents and list of figures: https://www.imarcgroup.com/north-america-ceramic-ball-bearings-market
Highlights of the report:
- Market performance (2014-2019)
- Market Outlook (2020-2025)
- Industry trends
- Market drivers and success factors
- The impact of COVID-19 on the global market
- Value chain analysis
- Global market structure
- Complete mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as part of the customization.
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