Global Ceramic Ball Bearing Market 2018 Analysis By Top Key Players - AB SKF, NSK Ltd., NTN Corporation, Ortech Advanced

1. Ceramic Ball Bearings Market Propelled by Flourishing Automotive Industry Copyright © IMARC. All Rights Reserved

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3. Report Description and Highlights Report Description Global Ceramic Ball Bearings Market Propelled by Flourishing Automotive Industry The global ceramic ball bearings market has been experiencing a positive growth during the past few years which can be highly attributed to a rapid rise in the demand for commercial and passenger vehicles in developing regions along with a number of technological advancements being made in the favour product innovations. According to the latest report by IMARC Group, titled “Ceramic Ball Bearings Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023”, the global ceramic ball bearings market reached a value of US$ 886 Million in 2017. Made from silicon nitride (Si2N4), ceramic ball bearings are gaining a worldwide popularity as compared to regular stainless-steel bearings. Ceramic ball bearings operate at a higher speed while reducing friction which ultimately leads to the requirement of less energy. This is due to the smoother and rounder surface along with a uniform size of the balls in these bearings. Additionally, ceramic ball bearings offer high dimensional stability, low density as well as optimum resistance against heat and corrosion. Over the past few years, the growth of the ceramic ball bearings market has been fuelled by an increase in the demand for various automobile components, passenger cars and commercial vehicles in emerging economies. 

4. Report Description and Highlights Report Description • Apart from this, technological advancements, such as lightweight materials, lubrication and seal technologies, integrated components of both stainless steel and ceramic bearings, in high performance ball bearings have also being witnessed. These developments have created ample opportunities for the manufacturers operating in the market. Moreover, ceramic ball bearings are increasingly being used for replacing stainless ball bearings installed in agitators, grinding media and valves which is further supporting the growth of the market. On the other hand, this growth of the global ceramic ball bearings market is being hindered by the land and air pollution caused during the extraction of ceramic materials. Nevertheless, the market value is projected to reach US$ 1,673 Million by 2023, expanding at a CAGR of around 11% during 2018-2023. • Market Summary: • The ceramic ball bearings market has been segmented on the basis of different raw materials used for the production of these bearings which cover silicon nitride and zirconium oxide. Silicon nitride represents the most common raw material as it provides low-density, better strength and toughness to the ball bearings. • Read more here: http://bit.ly/2PQia9A

5. Report Description and Highlights Report Description • On the basis of product type, the market has been segregated into hybrid ceramic ball bearing and full ceramic ball bearing. Currently, hybrid ceramic ball bearing accounts for the majority of the demand as it is ideal for situations which require extreme temperatures, high speeds, minimal lubrication as well as high efficiency. • Ceramic ball bearings can be used in numerous applications which mainly include electric motors, vehicles, under water equipment, lab equipment and aerospace. Amongst these, ceramic ball bearings are being majorly used in electric motors. • On a geographical front, the United States exhibits a clear dominance in the market, followed by China, Europe, Japan, India and South East Asia. The growth in the United States is due to the increasing dependency of the aerospace and defence sector on ceramic ball bearings to boost energy efficiency. • The competitive landscape of the market has also been examined with some of the key players being AB SKF, NSK Ltd., NTN Corporation, Ortech Advanced Ceramic, CeramicSpeed A/S, Shanghai Lily Bearing Manufacturing Co., Ltd., Boca Bearings, GMN Bearing USA Ltd and JTEKT Corporation. • Want more information about this market? Request a free report sample: • https://www.imarcgroup.com/request?type=report&id=1022&flag=B

6. Report Description and Highlights Browse More Related Reports:  Ball Bearing Market: http://bit.ly/2RNBscP Miniature Ball Bearing Market: http://bit.ly/2B26atn

7. Report Description and Highlights Report Description © 2017 IMARC All Rights Reserved This Publication and all it’s contents unless otherwise mentioned are copyrighted in the name of International Market Analysis Research and Consulting (IMARC). No part of this publication may be reproduced, repackaged, redistributed or resold in whole or in any part. The publication may also not be used in any form or by and means graphic electronic or mechanical, including photocopying, recording, taping or by information storage or retrieval, or by any other form, without the express consent of International Market Analysis Research and Consulting (IMARC). Disclaimer: All contents and data of this publication, including forecasts, data analysis and opinion have been based on information and sources believed to be accurate and reliable at the time of publishing. International Market Analysis Research and Consulting makes no representation of warranty of any kind as to the accuracy or completeness of any Information provided. IMARC accepts no liability whatsoever for any loss or damage resulting from opinion, errors or inaccuracies if any found this publication. IMARC, IMARC Group and Global Therapy Insight Series are registered trademarks of International Market Analysis Research and Consulting. All other trademarks used in this publication are registered trademarks of their respective companies.

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