Overview of the miniature ball bearings market
According to Technavio’s miniature ball bearings market research report, the rising demand for ball bearings from the automotive sector will be one of the key factors impelling the market’s growth during the next few years. As the automotive manufacturers use miniature ball bearings in their throttle bodies, fan motors, and anti-lock braking applications, the surging demand for these components will have a direct impact on the demand for miniature ball bearings. Furthermore, with the continuously increasing production of passenger vehicles, the need for automotive components such as miniature ball bearings is likely to proliferate in the forthcoming years. Technavio’s market research analysts have predicted that the miniature ball bearings market will register a CAGR close to 8% by 2022.
With the growing demand for cost and time-efficient manufacturing processes, vendors in the small ball bearings market are focusing on implementing the 3D printing technology to produce prototypes and critical bearing production parts. Additive manufacturing technologies produce complex geometric shapes without incurring additional costs. Further, the complex designs of the roller bearing can be further leveraged by adding more rolling elements to enhance wear and tear resistance as well as strength. According to Technavio’s ball bearings industry research analysis, such rising adoption of 3D printing will be one of the major ball bearings market trends gaining traction during the next few years.
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Companies covered
With the presence of few established manufacturers, this market appears to be concentrated and with all the companies constantly focusing on improving their market positions, the competitive environment among the players is quite intense. This miniature ball bearings industry research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market’s competitive landscape and offering information on the products offered by companies. Additionally, the report also recommends areas the companies should focus on to enhance their customer base across various geographies.
This research report provides an analysis of various companies in this market including –
- Minebea MITSUMI
- NSK
- NTN
- SKF
- THE TIMKEN COMPANY
Segmentation by end-user and analysis of the miniature ball bearings market
- Automotive
- Industrial
The automotive sector was the major end-user to this market during 2017. According to the miniature ball bearings industry research report, the segment will continue to gain maximum ball bearings market share throughout the forecast period owing to the increasing production of passenger cars and rapidly flourishing demand for automobiles across the globe.
Segmentation by geography and analysis of the miniature ball bearings market
- Americas
- APAC
- EMEA
Technavio’s miniature ball bearings market research report analysis has estimated that APAC accounted for the maximum growth of the market during 2017. Owing to the continuously advancing automotive sector in the emerging economies including China and India, this region will account for the maximum growth of this market during the next few years as well.
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Key questions answered in the report include
- What will the market size and the growth rate be in 2022?
- What are the key factors driving the global miniature ball bearings market?
- What are the key market trends impacting the growth of the global miniature ball bearings market?
- What are the challenges to market growth?
- Who are the key vendors in the global miniature ball bearings market?
- What are the market opportunities and threats faced by the vendors in the global miniature ball bearings market?
- What are the trending factors influencing the market shares of the Americas, APAC, and EMEA?
- What are the key outcomes of the five forces analysis of the global miniature ball bearings market?
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