Ball Bearing Market 2022 Global Outlook, Research, Trends and Forecast to 2030
Ball Bearing Market Highlights - Global Ball Bearing Market is projected to be valued approximately at USD 25 Billion by 2025, with a 4% CAGR during the forecast period. Ball bearings are rolling-element bearing that uses balls to maintain the separation between the bearing races. These are mainly used to reduce the friction between moving rotary parts and to support rotating parts to obtain desired motion. Ball bearings are used in various industry verticals such as automotive, aerospace, railway, and heavy machinery. Developing infrastructure of wind turbines from emerging markets such as China Brazil, Mexico, and India, increasing demand for high-performance bearings for agriculture equipment, and the rise in industrialization globally are the key factors driving the growth of the market. Key Players The key players operating in the global ball bearing market are NTN Corporation, Nachi-Fujikoshi Corp, Schaeffer Group, NSK Ltd., The Timken Company, Myonic GmbH, LYC Bearing Corpora