Miniature Ball Bearing

Miniature Ball Bearing Market to Rising 9.5 percent till 2030 Miniature Ball Bearings Market - Global Industry Analysis, Trends, Regional Outlook, and Forecast 2021 - 2030

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As per the experts, the miniature ball bearings market is predicted to record a growth rate of 9.5% from 2021-2030 and is projected to reach US$ 2.9 billion by 2030.

The study provides the overall revenue of the global miniature ball bearings market from 2017 to 2030, considering 2020 as the base year and 2030 as the forecast year.

The global miniature ball bearings market research report gives a brief summary of definitions, size analysis, and place of production, sales, applications, types, and major players/key vendors of the miniature ball bearings industry. The report presents fresh perspectives on opportunities and challenges in a significantly transformed post-COVID-19 marketplace. This research study also integrates Industry Chain analysis and Porter’s Five Forces Analysis. Further, this report offers a competitive scenario that comprises collaborations, market concentration rate and expansions, mergers & acquisitions undertaken by companies.

Miniature ball bearing or instrument bearing are compact machined components, which is extensively used in the manufacturing of various downsized machines and equipment. Miniature ball bearing is designed for operating in small equipment and very useful in a variety of applications such as automotive, crusher industry, textile industry, heavy machinery equipment, electronics, and aerospace industry. The major functions of a miniature ball bearing includes supporting the load, reduced friction, and positioning moving machine components like wheels or shafts.

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Crucial factors accountable for market growth are:

  • Growing demand for compact and mini machines and equipment
  • Rapid industrialization in developing economies
  • Rising demand for miniature ball bearings from aerospace and automotive industries
  • Rising popularity of electric vehicles
  • Increasing demand from the medical equipment manufacturing units
  • Rising consumer expenditure in household electrical appliances

Report Highlights

  • Dust cover segment led the global miniature ball bearing market with remarkable revenue share 45% in 2020. Rising popularity for compact and small sized equipment and machineries are uplifting the segment growth.
  • By application, automotive segment held the major revenue share 39% in the global miniature ball bearing market in 2020 owing to the higher demand and the growing popularity of the electric vehicles is further fueling the segment growth.
  • Asia Pacific dominated the global miniature ball bearing market in 2020 and projected to augment the market in the coming years. The prime factor attributed for its growth is technological advancement in the region along with government initiatives supporting the developments of industries. Countries such as China and India are attracting FDIs and are emphasizing on creating global manufacturing hub in the region.
  • North America is projected as the most opportunistic region during the forecast period. This attributed to the faster adoption of new technologies in North America. Moreover, increased investment on technological advancements and innovations in the region is further propelling the growth of the market. North America is also expected to be the fastest-growing market for electric vehicles that is expected to significantly contribute to the growth of the miniature ball bearing market in the foreseeable future.

Scope of the Miniature Ball Bearing Market Report

Report Highlights Details
Market Size USD 2.9 Billion by 2030
Growth Rate CAGR of 9.5% From 2021 to 2030
Base Year 2020
Historic Data 2017 to 2020
Forecast Period 2021 to 2030
Segments Covered Product, Application
Regional Scope North America, APAC, Europe, Latin America, MEAN, Rest of the World
Companies Mentioned NSK Ltd., Kitanihon Seiki Co. Ltd., Minebea Mitsumi Inc., GRW Bearing GmbH, CW Bearing GmbH, Cixing Group Co. Ltd, Shanghai Lily Bearing Manufacturing Co., FAG Kugelfischer GmbH, PacamorKubar Bearings, Inc.

Recent Developments

  • In April 2021, NSK Ltd. has developed ultra-high speed ball bearing for its use in the motors of electric vehicles. This third generation ball bearing is capable of operating at around 1.8 million dmN. It is claimed that this ball bearing is the fastest grease lubricated bearing for the automotive and it provides longer range and improve fuel efficiency. This will drive the growth of the miniature ball bearing market due to the rapid growth of the electric vehicle industry.
  • In May 2019, CW Bearing exhibited at CWIEME Berlin 2019. This is a fair that brings together the expert engineers, supply chain professionals, and industry specialists. CW Bearing showcased it wide range of precision miniature ball bearing products. This move will help in the growth and higher adoption of precision ball bearings in the miniature ball bearing market.

Segments Covered in the Report

By Product

  • Open Miniature Ball Bearing
  • Dust Cover Miniature Ball Bearing
  • Others

By Application

  • Automotive
  • Aerospace
  • Industrial
  • Household Appliances
  • Office Automation
  • Information and Telecommunications
  • Others

By Geography

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • France
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
  • Rest of the World

Top Players Contending in the Market:

The key companies are aiming towards advanced innovations and are predictable to dominate the target market. Foremost players inspiring in the global miniature ball bearings market are as follows:

  • NSK Ltd.
  • Kitanihon Seiki Co. Ltd.
  • Minebea Mitsumi Inc.
  • GRW Bearing GmbH
  • CW Bearing GmbH
  • Cixing Group Co. Ltd
  • Shanghai Lily Bearing Manufacturing Co.
  • FAG Kugelfischer GmbH
  • PacamorKubar Bearings, Inc.

Some of the key highlights of the report are:

  • Market Demand Outlook – The report offers refined forecasts on potential growth prospects for the market. Based on data derived after thorough research by a team of expert analysis, Precedence Research presents the most precise rate of growth for the market for the assessment period starting from 2021 – 2030.
  • Supply Chain Analysis – The purpose of the survey is to help companies identify potential scope for supply chain expansion. The study also presents analysis of unprecedented threats.
  • Competitive Landscape Analysis – Some of the leading companies operating in the miniature ball bearings market are profiled in the market study. The report also underscores winning strategies adopted over the last few years and gauges impact of the same on growth trajectory exhibited by the market over the last few years.

Why should you invest in this report?

If you are aiming to enter the global miniature ball bearings market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for miniature ball bearings are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2021-2030 so that you can plan your strategies to enter this market accordingly.

Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.

TABLE OF CONTENT

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. Market Dynamics Analysis and Trends

5.1. Market Dynamics

5.1.1. Market Drivers

5.1.2. Market Restraints

5.1.3. Market Opportunities

5.2. Porter’s Five Forces Analysis

5.2.1. Bargaining power of suppliers

5.2.2. Bargaining power of buyers

5.2.3. Threat of substitute

5.2.4. Threat of new entrants

5.2.5. Degree of competition

Chapter 6. Competitive Landscape

6.1.1. Company Market Share/Positioning Analysis

6.1.2. Key Strategies Adopted by Players

6.1.3. Vendor Landscape

6.1.3.1. List of Suppliers

6.1.3.2. List of Buyers

Chapter 7. Global Miniature Ball Bearings Market, By Product

7.1. Miniature Ball Bearings Market, by Product Type, 2021-2030

7.1.1. Open Miniature Ball Bearing

7.1.1.1. Market Revenue and Forecast (2017-2030)

7.1.2. Dust Cover Miniature Ball Bearing

7.1.2.1. Market Revenue and Forecast (2017-2030)

7.1.3. Others

7.1.3.1. Market Revenue and Forecast (2017-2030)

Chapter 8. Global Miniature Ball Bearings Market, By Application

8.1. Miniature Ball Bearings Market, by Application, 2021-2030

8.1.1. Aerospace

8.1.1.1. Market Revenue and Forecast (2017-2030)

8.1.2. Automotive

8.1.2.1. Market Revenue and Forecast (2017-2030)

8.1.3. Industrial

8.1.3.1. Market Revenue and Forecast (2017-2030)

8.1.4. Household Appliances

8.1.4.1. Market Revenue and Forecast (2017-2030)

8.1.5. Office Automation

8.1.5.1. Market Revenue and Forecast (2017-2030)

8.1.6. Information and Telecommunications

8.1.6.1. Market Revenue and Forecast (2017-2030)

8.1.7. Others

8.1.7.1. Market Revenue and Forecast (2017-2030)

Chapter 9. Global Miniature Ball Bearings Market, Regional Estimates and Trend Forecast

9.1. North America

9.1.1. Market Revenue and Forecast, by Product (2017-2030)

9.1.2. Market Revenue and Forecast, by Application (2017-2030)

9.1.3. U.S.

9.1.3.1. Market Revenue and Forecast, by Product (2017-2030)

9.1.3.2. Market Revenue and Forecast, by Application (2017-2030)

9.1.4. Rest of North America

9.1.4.1. Market Revenue and Forecast, by Product (2017-2030)

9.1.4.2. Market Revenue and Forecast, by Application (2017-2030)

9.2. Europe

9.2.1. Market Revenue and Forecast, by Product (2017-2030)

9.2.2. Market Revenue and Forecast, by Application (2017-2030)

9.2.3. UK

9.2.3.1. Market Revenue and Forecast, by Product (2017-2030)

9.2.3.2. Market Revenue and Forecast, by Application (2017-2030)

9.2.4. Germany

9.2.4.1. Market Revenue and Forecast, by Product (2017-2030)

9.2.4.2. Market Revenue and Forecast, by Application (2017-2030)

9.2.5. France

9.2.5.1. Market Revenue and Forecast, by Product (2017-2030)

9.2.5.2. Market Revenue and Forecast, by Application (2017-2030)

9.2.6. Rest of Europe

9.2.6.1. Market Revenue and Forecast, by Product (2017-2030)

9.2.6.2. Market Revenue and Forecast, by Application (2017-2030)

9.3. APAC

9.3.1. Market Revenue and Forecast, by Product (2017-2030)

9.3.2. Market Revenue and Forecast, by Application (2017-2030)

9.3.3. India

9.3.3.1. Market Revenue and Forecast, by Product (2017-2030)

9.3.3.2. Market Revenue and Forecast, by Application (2017-2030)

9.3.4. China

9.3.4.1. Market Revenue and Forecast, by Product (2017-2030)

9.3.4.2. Market Revenue and Forecast, by Application (2017-2030)

9.3.5. Japan

9.3.5.1. Market Revenue and Forecast, by Product (2017-2030)

9.3.5.2. Market Revenue and Forecast, by Application (2017-2030)

9.3.6. Rest of APAC

9.3.6.1. Market Revenue and Forecast, by Product (2017-2030)

9.3.6.2. Market Revenue and Forecast, by Application (2017-2030)

9.4. MEA

9.4.1. Market Revenue and Forecast, by Product (2017-2030)

9.4.2. Market Revenue and Forecast, by Application (2017-2030)

9.4.3. GCC

9.4.3.1. Market Revenue and Forecast, by Product (2017-2030)

9.4.3.2. Market Revenue and Forecast, by Application (2017-2030)

9.4.4. North Africa

9.4.4.1. Market Revenue and Forecast, by Product (2017-2030)

9.4.4.2. Market Revenue and Forecast, by Application (2017-2030)

9.4.5. South Africa

9.4.5.1. Market Revenue and Forecast, by Product (2017-2030)

9.4.5.2. Market Revenue and Forecast, by Application (2017-2030)

9.4.6. Rest of MEA

9.4.6.1. Market Revenue and Forecast, by Product (2017-2030)

9.4.6.2. Market Revenue and Forecast, by Application (2017-2030)

9.5. Latin America

9.5.1. Market Revenue and Forecast, by Product (2017-2030)

9.5.2. Market Revenue and Forecast, by Application (2017-2030)

9.5.3. Brazil

9.5.3.1. Market Revenue and Forecast, by Product (2017-2030)

9.5.3.2. Market Revenue and Forecast, by Application (2017-2030)

9.5.4. Rest of LATAM

9.5.4.1. Market Revenue and Forecast, by Product (2017-2030)

9.5.4.2. Market Revenue and Forecast, by Application (2017-2030)

Chapter 10. Company Profiles

10.1. NSK Ltd.

10.1.1. Company Overview

10.1.2. Product Offerings

10.1.3. Financial Performance

10.1.4. Recent Initiatives

10.2. Kitanihon Seiki Co. Ltd.

10.2.1. Company Overview

10.2.2. Product Offerings

10.2.3. Financial Performance

10.2.4. Recent Initiatives

10.3. Minebea Mitsumi Inc.

10.3.1. Company Overview

10.3.2. Product Offerings

10.3.3. Financial Performance

10.3.4. Recent Initiatives

10.4. Kitanihonseiki Co. Ltd.

10.4.1. Company Overview

10.4.2. Product Offerings

10.4.3. Financial Performance

10.4.4. Recent Initiatives

10.5. GRW Bearing GmbH

10.5.1. Company Overview

10.5.2. Product Offerings

10.5.3. Financial Performance

10.5.4. Recent Initiatives

10.6. CW Bearing GmbH

10.6.1. Company Overview

10.6.2. Product Offerings

10.6.3. Financial Performance

10.6.4. Recent Initiatives

10.7. Cixing Group Co. Ltd

10.7.1. Company Overview

10.7.2. Product Offerings

10.7.3. Financial Performance

10.7.4. Recent Initiatives

10.8. Shanghai Lily Bearing Manufacturing Co.

10.8.1. Company Overview

10.8.2. Product Offerings

10.8.3. Financial Performance

10.8.4. Recent Initiatives

10.9. FAG Kugelfischer GmbH

10.9.1. Company Overview

10.9.2. Product Offerings

10.9.3. Financial Performance

10.9.4. Recent Initiatives

10.10. PacamorKubar Bearings, Inc.

10.10.1. Company Overview

10.10.2. Product Offerings

10.10.3. Financial Performance

10.10.4. Recent Initiatives

Chapter 11. Research Methodology

11.1. Primary Research

11.2. Secondary Research

11.3. Assumptions

Chapter 12. Appendix

12.1. About Us

12.2. Glossary of Terms

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Precedence Research

Precedence Research is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Precedence Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings.

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