Global Ball Bearings Market is Expected to Grow at a CAGR of 7.2% from 2017-2023

Market Research Report on Global Ball Bearings Market

RAIPUR, INDIA, January 8, 2018 /EINPresswire.com/ --

Report Sellers has added a new market research report “Ball Bearings - Global Market Outlook (2017-2023)” to its offerings.

According to Report, the Global Ball Bearings Market is expected to grow at a CAGR of 7.2% during the forecast period. Ball Bearing is a progressing component bearing that uses to sustain the partition between the bearing races. These ball bearings are used in many applications such as hard drive, aerospace bearings, skateboards, yo-yos, and fidget spinners.

Some of the key factors that drive the growth of the market such as 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. 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.

Based on application, automotive industry leads the global market owing to growing improvements in fuel efficient and technically advanced cars equipped with highly developed safety features. In terms of geography, Asia Pacific captured the largest market share due to the increasing usage of ball bearings in automotive, textile, railway and other industrial applications in this region.

Some of the key players profiled in this market include JTEKT Corporation, LYC Bearing, MinebeaMitsumi, Graham Corporation, SKF Company, The Timken Company, NSK Ltd, Schaeffler Technologies AG & Co. KG, RBC Bearings, NTN Corporation, Spyraflo, Inc, Federal-Mogul Corporation, Nachi Fujikoshi, AST Corporation and Ingersoll Rand.

Browse through the complete description and in-depth TOC on “Global Ball Bearings Market”
https://www.reportsellers.com/market-research-report/Ball-Bearings---Global-Market-Outlook-2017-2023

What does the Report Offers

• Market share assessments for the regional and country level segments
• Market share analysis of the top industry players
• Strategic recommendations for the new entrants
• Market forecasts for a minimum of 7 years of all the mentioned segments, sub segments and the regional markets
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments

Report Scope

Global ball bearings market has been segmented by products covered, applications covered and regions covered

Products Covered:
Deep-groove Ball Bearings
Angular Contact Ball Bearings
Axial Ball Bearings
Self-Aligning Ball Bearings
Other Products

Applications Covered:
Heavy industry
Military
Aerospace Engineering
Automotive
General Engineering
Other Applications

Regions Covered:
North America
US
Canada
Mexico
Europe
Germany
France
Italy
UK
Spain
Rest of Europe
Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
South America
Argentina
Brazil
Chile
Rest of South America
Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

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