According to a new report published by Reports Monitor titled, “Global Ball Bearings Market, Growth Opportunities, Innovations and Forecast, 2017-2025,” the Ball Bearings Market is projected to grow rapidly from 2017 to 2025.
Ball bearings have wide applications in instruments and machinery for the purpose of reducing the friction and power loss. They are a highly engineered component which enables the machines to move at a high speed with maximum efficiency. There are many variations in the ball bearings, depending upon the particular characteristics and specific applications. The ball bearings types are listed as follows: ball bearings, cylindrical and needle ball bearings, tapered roller bearings and spherical roller bearings.
Technological advancement in the automotive sectors such as automated manual transmission, pre-collision technology and others has resulted in the increased demand for the vehicles. This factor has led to the increased production of vehicles, thereby driving the market growth. Increased quality in the vehicles manufactured has been playing a significant role in increasing the lifespan of the vehicles, hence contributing in market growth. However, the fluctuation in the price of raw materials and reduced wear and tear of ball bearing owing to the improvement in the technology may slow down the market growth.
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This report provides a detailed analysis of Ball Bearings market, which includes current industry situations such as market size, growth and demands, market outlook, major players with their key strategies such as investment, mergers and acquisitions, value chain analysis and swot analysis. It covers the market canvas and the growth opportunities in the coming years. The report has been made with an in-depth analysis along with important inputs from the various industry experts. The research is carried out with both extensive primary and secondary data sources with bottom-up and top-down approaches.
The ball bearings market is majorly segmented on the basis of type and applications. Based on the types of ball bearings, market is bifurcated into: ball bearings, cylindrical and needle ball bearings, tapered roller bearings and spherical roller bearings, while on the basis of applications the market is segmented into: Automotive, Agriculture, Electrical, Mining & Construction, Railway & Aerospace, Automotive Aftermarket and Others
The ball bearing market is analyzed across the regions such as: North America, Europe, Asia Pacific and LAMEA (Latin America, Middle East and Africa). Among the following regions spanned, Asia Pacific is expected to witness a fast growth mainly owing to the increased demand of vehicles in the countries such as India, China and Japan. Moreover, the expansion in the mining and construction sector in India has also contributed in the market growth, while North America and European regions is projected to show a stable growth mainly due to the increased investment in the research and development and well-established infrastructure.
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The major players operating in the market are: Timken Company, Svenska Kullagerfabriken AB, Schaeffler AG., Jtekt Corporation, NTN Corporation, Iljin Bearing Co. Ltd., ORS Bearings, CW Bearing, C&U Bearing, RKB Bearings, RBC Bearings.
The report has been categorized in two distinctive sections, where the first category titled as Market Overview provides a holistic view of the market, key trends, drivers, challenges/restraints or opportunities with their current and expected impact on the overall industry sales.
Our analyst implement, several qualitative tools such as Ansoff’s Matrix, PESTEL analysis, Porter’s five force analysis among other to interpret and represent key industry findings.
The second section of the study provides market size, estimates and forecast for key market segments and regional market. The final part of the report highlights key manufacturers/vendors operating in the associated market.
Some Points from TOC:
1.1. Market Definition
1.2. Market Scope
2. Research Methodology
2.1. Primary Research
2.2. Secondary Sources
2.3. Assumptions & Exclusions
3. Market Overview
3.1. Research Report Segmentation & Scope
3.2. Ball bearings – Value Chain Analysis
3.3. Key Market Trend Analysis
3.3.1. Market Drivers
3.3.2. Market Restraint/Challenges
3.3.3. Market Opportunities
3.4. Porter’s Five Forces Analysis
3.5. Potential Venture Avenues
3.6. Market Share Analysis, 2016
3.7. Market Overview – Ball bearings, Product Landscape
4. Segmentation Overview
4.2. Market Size & Forecast, 2015 to 2025
4.2.1. By Types
188.8.131.52. Ball bearings,
184.108.40.206. Cylindrical and needle ball bearings,
220.127.116.11. Tapered roller bearings and
18.104.22.168. Spherical roller bearings
4.2.2. By Applications
22.214.171.124. Mining & Construction
126.96.36.199. Railway & Aerospace
188.8.131.52. Automotive Aftermarket
(Note: The segments mentioned above are tentative in nature and are subject to change as the research progresses)
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