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Global Ball Bearing Market 2016-2020

About Ball Bearing

Bearings are machine elements used to reduce energy loss caused by friction in the rotary motion parts of a wide range of equipment and machinery. There are various types of bearings like ball bearings, roller bearings, and plain bearings. Technological advances and the growing need for energy efficiency have resulted in continuous improvement in bearing designs.

Technavio’s analysts forecast the global ball bearing market to grow at a CAGR of 5.85% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the global ball bearing market for 2016-2020. To calculate the market size, the report considers the revenue generated through sales by vendors in the market.The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report Global Ball Bearing Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • NSK
  • NTN
  • Schaeffler
  • SKF
  • Timken
Other prominent vendors
  • Brammer
  • C&U Group
  • HKT
  • HRB
  • Minebea
  • NBI Bearings
  • RBC Bearings
  • Rexnord
Market driver
  • Growing use of ceramic ball bearings in EVs
  • For a full, detailed list, view our report
Market challenge
  • Threat of low-cost and counterfeit products
  • For a full, detailed list, view our report
Market trend
  • Development of integrated bearings and emergence of sensor bearing units
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2020 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Ball Bearing Market 2016-2020

Technavio recognizes the following companies as the key players in the global ball bearing market: NSK, NTN, Schaeffler, SKF, and Timken.

Other Prominent Vendors in the market are: Brammer, C&U Group, HKT, HRB, Minebea, NBI Bearings, RBC Bearings, and Rexnord.

Commenting on the report, an analyst from Technavio’s team said: “Development of integrated bearings and emergence of sensor bearing units will be a major trend leading to market growth. Changing consumer preferences have increased competition among bearing vendors to gain strong foothold in the market, and influenced them to develop additional features in their product portfolio to attract consumers. Integrated bearings are manufactured to reduce the number of bearing units required in an assembled product. These bearings lack surface, and their surrounding units can act as an internal component of the bearing design. Incorporating these units can lower equipment cost and increase reliability, ease of installation, and service life.”

According to the report, prospects from wind power market will be the key driver for market growth. The demand for power has increased constantly worldwide. The growth in population and global economy is projected to drive this demand further; this upsurge in global population would require substantial amount of power to sustain the economy growth. According to the UN, world population is expected to increase from 6.7 billion in 2011 to 8.7 billion by 2035. The world power demand is forecast to increase from 19,004 TWh in 2011 to 34,454 TWh by 2035.

Further, the report states that cartelization and competition will be a challenge to the market growth. Competition in the ball bearing industry has intensified on a global level, and the pace of change in this business has accelerated. In order to restrict entry of new competitors and to maintain market dominance, key players are colluding and fixing prices of ball bearings.

Companies Mentioned

NSK, NTN, Schaeffler, SKF, Timken, Brammer, C&U Group, HKT, HRB, Minebea, NBI Bearings, RBC Bearings, Rexnord.

  • Executive summary
    • Highlights
  • Scope of the report
    • Market overview
      • Table Key countries in each region
    • Top-vendor offerings
      • Table Product offerings
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
      • Table Global ball bearing market
      • Table Passenger car sales in top three countries in key regions 2005-2015 (million units)
      • Table Global ball bearing market by end-users 2015-2020
      • Table Installed capacity of ring spindles by geography 2000-2013
      • Table Global ball bearing market by geography 2015-2020
  • Market landscape
    • Market size and forecast
      • Table Global ball bearing market 2015-2020 ($ billions)
      • Table Passenger car sales in Indonesia 2007-2014 (million units)
      • Table Global wind power capacity 2004-2014 (GW)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by end-user
    • Market overview
      • Table Global ball bearing market by end-users 2015 and 2020
    • Automotive sector
      • Table Global ball bearing market in automotive sector 2015-2020 ($ billions)
      • Table Top five countries in EV market in 2015 (units)
      • Table Comparison between SKF automotive sales and global automotive sales 2011-2015
    • General engineering
      • Table Global ball bearing market in general engineering 2015-2020 ($ billions)
      • Table Major countries in textile machinery market 2014
      • Table Global packaged food market 2015-2020 ($ trillions)
    • Heavy industry
      • Table Global ball bearing market in heavy industry 2015-2020 ($ billions)
      • Table Average construction spending by country in APAC 2015
    • Aerospace and railways
      • Table Global ball bearing market in aerospace, railways, and shipping 2015-2020 ($ billions)
      • Table Expected investments in high-speed rail network by region
      • Table Global in-service aircraft reaching 25 years of service life 2015-2025 (units)
  • Geographical segmentation
    • Market overview
      • Table Global ball bearing market by geography 2015-2020
    • APAC
      • Table Ball bearing market in APAC 2015-2020 ($ billions)
      • Table Rolling stock requirement in India
      • Table Competitive landscape in Indian bearing market
      • Table Promising end-user industries for ball bearings in APAC
    • EMEA
      • Table Ball bearing market in EMEA 2015-2020 ($ billions)
      • Table Industrial production and passenger car sales in EU 2010-2015
      • Table Top five countries in EV sales 2013-2014
      • Table High-speed rail network in Europe 2015
      • Table Promising end-user sectors for ball bearings in EMEA
    • Americas
      • Table Rise in labor wages in Asia ($/month) 2000 and 2014
      • Table Ball bearing market in Americas 2015-2020 ($ billions)
      • Table Passenger vehicle sales in Mexico 2010-2015
      • Table Promising end-user sectors for ball bearings in Americas
  • Market drivers
    • Growing use of ceramic ball bearings in EVs
      • Table Benefits of ceramic ball bearing
      • Table PHEV sales in US 2011-2016 (thousand units)
      • Table Global EV sales outlook 2011-2020 (million units)
    • Prospects from wind power market
      • Table Global electricity demand CAGR 2012-2035
      • Table Countries with renewable targets and policies 2005
      • Table Countries with renewable targets and policies 2015
      • Table Global offshore wind capacity 2015-2020 (MW)
    • Rising investment in railways and aerospace
      • Table Global commercial flights delivery 2015
      • Table Six potential high-speed rail corridors in India
      • Table Wagon addition schedule in India (units) 2011-2020
  • Market challenges
    • Cartelization and competition
      • Table Global bearing market by vendors
    • Threat of low-cost and counterfeit products
    • Increased adoption of pre-owned bearings and lack of product differentiation
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • Development of integrated bearings and emergence of sensor bearing units
    • Development of application-specific bearings for clean energy industry
      • Table Technology tie-ups of key vendors in India
    • Slowdown in Chinese economy
      • Table Real GDP impact of APAC countries 2016-2017 (%)
      • Table Real GDP of APAC economies 2016-2017 (in %)
      • Table Manufacturing PMI for China - February 2015 to January 2016
      • Table Automotive production in China 2009-2015 (million units)
      • Table Key infrastructure projects in China in 2015
  • Vendor landscape
    • Market overview
    • Risk factors in ball bearing industry
      • Table Risk factors faced by vendors in global ball bearing market
    • Geographic presence
      • Table Key geographic region by vendors
    • Vendor mapping
      • Table Vendor portfolio analysis
      • Table Rating of key vendors based on various parameters
    • Other prominent vendors
      • Table Other prominent vendors
  • Key vendor analysis
    • NSK
    • NTN
    • Schaeffler
    • SKF
    • Timken
      • Table Bearing models offered by Timken
  • Appendix
    • List of abbreviations
  • Explore Technavio

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