According to the latest report by IMARC Group, titled “Ceramic Ball Bearings Market: Global Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” the global ceramic ball bearings market size reached US$ 1,132 Million in 2021. Looking forward, the market value is projected to reach US$ 1,752 Million by 2027, expanding at a CAGR of 7.4% during the forecast period (2022-2027). Ceramic ball bearings are rolling elements that utilize ceramic balls to maintain an appropriate gap between their movable parts. It comprises a ferrous inner and outer ring or race with ceramic balls in place of steel. Ceramic offers several advantages over steel, such as higher speed, increased stiffness, lower friction, and acceleration capability. These balls are made from ceramic silicon nitride, which offers hardness, excellent electrical insulation, and thermal properties. As a result, these bearings are widely employed in the production of automobiles, aircraft and medical equipment.
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Global Ceramic Ball Bearings Market Trends:
The global market is primarily driven by the increasing demand for commercial vehicles, passenger cars, and numerous automobile components across the globe. Furthermore, rapid technological advancements to develop products with lightweight materials and lubrication and seal technologies to improve the efficiency and performance of ball bearings are creating a positive outlook for the market. Apart from this, the widespread adoption of hybrid ceramic ball bearings in various applications due to their better strength and toughness is propelling the market growth.
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Ceramic Ball Bearings Market 2022-2027 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Key highlights of the Report:
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