DUBLIN--(BUSINESS WIRE)--The "Ball Bearing Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023" report has been added to ResearchAndMarkets.com's offering.
The global ball bearing market reached a volume of 33 Billion Tons in 2017.
Rapid advancements in the field of technology have increased customer preference towards electric vehicles. As a result, the rising use of ball bearings in electric vehicles is projected to enhance their demand in the upcoming years. Further, wind turbines require maintenance-free and high-quality bearings that reduces carbon emission and save energy, thereby creating a huge demand for ball bearings in this sector. Moreover, emerging countries such as China, India, Taiwan, South Korea, etc. are witnessing considerable development in various sectors such as railways, wind energy and automotive. Increasing industrial activities in these regions are further contributing to the growth of the market. According to the report, the market is expected to reach a volume of 47 Billion Tons by 2023, exhibiting a CAGR of 6.2% during 2018-2023.
The report has segmented the market on the basis of end-use into automobile, general engineering, mining and construction, railways, aerospace and shipping, and agriculture. Among these, the automobile sector accounts for the majority of the total market share. Region-wise, the report covers Asia-Pacific, Europe, North America, Middle East and Africa, and Latin America. Currently, Asia-Pacific represents the largest market, holding the majority of the total global share. The report has further analyzed the competitive landscape of the market.
Some of the key global players are:
- NTN Corporation
- Schaeffler Group
Key Topics Covered:
2 Scope and Methodology
3 Executive Summary
5 Global Ball Bearing Market
6 Market Breakup by Application
7 Market Breakup by Region
8 Imports and Exports
9 Ball Bearing Manufacturing Process
10 Competitive Landscape
For more information about this report visit https://www.researchandmarkets.com/research/crdngv/global_ball?w=4