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Ball Bearing Market Analysis, Overview and Forecasts 2016-2020

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.
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Ball Bearing Market Share, Size, Emerging Trends and Growth,
Analysis, Overview and Forecasts 2016-2020
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.”
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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
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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.
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 a SWOT analysis of the key vendors.
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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
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.
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Connect for more details:
Sam Collins
Market Reports Center
1-646-883-3044 (US)
[email protected]
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