市場調査レポート
商品コード
1094389
ボールベアリングの世界市場予測(~2028年):製品別、用途別、地域別の分析Ball Bearings Market Forecasts to 2028 - Global Analysis By Product (Angular Contact Ball Bearings, Axial Ball Bearings), Application (Railways, Aerospace and Shipping, Mining and Construction, Military) and By Geography |
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ボールベアリングの世界市場予測(~2028年):製品別、用途別、地域別の分析 |
出版日: 2022年06月01日
発行: Stratistics Market Research Consulting
ページ情報: 英文 200+ Pages
納期: 2~3営業日
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世界のボールベアリングの市場規模は、2021年に206億7,000万米ドルとなり、予測期間中に4.1%のCAGRで拡大し、2028年までに273億9,000万米ドルに達すると予測されています。
当レポートでは世界のボールベアリング市場を調査し、市場の促進要因・抑制要因、市場機会、COVID-19の影響、セグメント別の市場分析、競合情勢、主要企業のプロファイルなど、体系的な情報を提供しています。
Table17 North America Ball Bearings Market Outlook, By Country (2020-2028) (US $MN)
According to Stratistics MRC, the Global Ball Bearings Market is accounted for $20.67 billion in 2021 and is expected to reach $27.39 billion by 2028 growing at a CAGR of 4.1% during the forecast period. A ball bearing is a type of rolling-element bearing that uses balls to maintain the separation between the bearing races. The purpose of a ball bearing is to reduce rotational friction and support radial and axial loads. It achieves this by using at least two races to contain the balls and transmit the loads through the balls.
Market Dynamics:
Driver:
Increasing demand for precision engineering across several industries
Precision engineering is concerned with designing components, fixtures, and machines that have a tremendously low tolerance and are stable over time in case of extreme working conditions. The growing demand for precision engineering owing to the rapid rise in the utilization of customized bearings is expected to result in the growth of the market revenue. Moreover, the manufacturers are emphasizing the development and manufacturing of precision bearings for power trains and drive parts of artificial satellites, etc., to surge the entire ecosystem
Restraint:
Fluctuation of raw material cost
The variations in trade policies, inequity in the supply & demand ecosystem, variations in foreign exchange rates, heightened geopolitical risks across different geographies, etc. create a potential impact on the pricing of steel and aluminum bearing materials. Furthermore, the bearing components which comprise cages, shields, seals, etc. require lubrication at frequent intervals to ensure smooth functioning and low friction. This further leads to a high cost of maintenance resulting in slowing down the market.
Opportunity:
Advancement of digitalization and smart technologies
Digitalization is one of the important approaches to adopting wireless options across industry verticals. The bearing is digitized by measuring its lubrication state and vibration pattern. These extents are evaluated to take corrective actions in case of potential problems. For industrial applications, the sensor measures the direction, temperature, speed, and vibration of these bearings. Also, the introduction of real-time-enabled Internet of Things (IoT) and Artificial intelligence (AI) is benefitting the end-users to simply track the conditions of their bearings at all times. Moreover, the technological shift towards (EV) Electric Vehicles is found to be positive. It is because; the electric vehicles have bearings with advanced technology than the traditional car with an Internal Combustion (IC) engine.
Threat:
Shock loads
Ball bearings have a higher load rating and can cope with shock loads. Thus, it is noisier at very high speeds and low resistance to shock loading. Additionally, design of ball bearing housing complicated regular maintenance cost hinders the growth of market, globally.
Deep-Groove Ball Bearings segment is expected to be the largest during the forecast period
Deep-Groove Ball Bearings segment is expected to be the largest during the forecast period, as their simplicity, design, low-operating temperature, and low friction features are increasing their adoption in a wide range of end-users including automotive and electronics among others. Deep groove ball bearings' capacity to carry axial and radial loads with great durability and low maintenance time helps them in gaining traction in agriculture, rail, and aerospace applications.
The Automotive segment is expected to have the highest CAGR during the forecast period
The Automotive segment held the largest market share. The segment growth is accredited to growing vehicle sales along with increasing demand for automotive moving parts, which required ball bearings to function. Ball bearings are widely used in doors, wipers, bonnet hinges, and rear mirrors for the smooth functions and performance of the vehicle. The growing production of vehicles is boosting the market growth for this segment.
Region with highest share:
The Asia Pacific is projected to hold the highest market share; the region's growth is attributed to the rise of the automotive sector in several economies such as China, India, Japan, and South Korea. The province accounted for more than half of the overall demand for bearings. Car purchases are increasing in several developing countries, including India, Indonesia, and Thailand, which is expected to help to improve the regional economy.
Region with highest CAGR:
North America is projected to have the highest CAGR; the province's growth is attributed to the rising adoption of the product in several industries, such as automotive, light and heavy industrial machines and equipment aerospace & defense, and construction industry. Several massive projects have recently been undertaken and are nearing completion. For instance, the California High-Speed Rail Project (US$ 77 billion), Sound Transit 3 (US$ 54 billion), and the Las Vegas Convention Center (US$ 52.5 billion) are undergoing projects in the US, which is expected to increase the substantial use of ball bearing product during the forecast period.
Key players in the market:
Some of the key players profiled in the Ball Bearings Market include AST Corporation, Federal-Mogul Corporation, Graham Corporation, Ingersoll Rand, JTEKT Corporation, LYC Bearing, MinebeaMitsumi, Nachi Fujikoshi, NSK Ltd, NTN Corporation, RBC Bearings, Schaeffler Technologies AG & Co. KG, SKF Company, Spyraflo, Inc, The Timken Company.
Key developments:
In September 2018: SKF launched its Ball Bearing Units-UC range in India, to cater to the increasing market demand. The product is cost-efficient meeting international standard quality and locally manufactured.
In November 2017: Schaeffler AG partnered with Audi, and has started to develop the technology, primarily in fields of transmission, engine, bearings, and others to increase the performance density in Formula E. Schaeffler has been developing drive trains for "Formula E" together with Audi since 2017.
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