Global Ball Bearings Market 2020-2024
Technavio has been monitoring the ball bearings market and it is poised to grow by $ 4.16 bn during 2020-2024 progressing at a CAGR of 3% during the forecast period. Our reports on ball bearings market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, the latest trends and drivers, and the overall market environment. The market is driven by the new product launches and the rising demand for wind power generation.
The ball bearings market analysis includes product segment, end-user segment, and geographic landscapes
Technavio's ball bearings market is segmented as below:
- Deep groove
- Angular contact
- Automotive industry
- Heavy industry
- Aerospace and railway industry
By Geographic Landscapes
- North America
- South America
This study identifies the increase in adoption of automation in the manufacturing process as one of the prime reasons driving the ball bearings market growth during the next few years.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our ball bearings market covers the following areas:
- Ball bearings market sizing
- Ball bearings market forecast
- Ball bearings market industry analysis
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading ball bearings market vendors that include AB SKF, Harbin Bearing Manufacturing Co. Ltd., JTEKT Corp., Luoyang Huigong Bearing Technology Co. Ltd., LYC Bearing Corp., MinebeaMitsumi Inc., NSK Ltd., NTN Corp., Schaeffler AG, and The Timken Co. Also, the ball bearings market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast an accurate market growth.