Global Ceramic Bearings Market Overview:
The increasing application of ceramic bearings in automotive and increasing demand for bearings in energy-efficient vehicles are the factors driving the market growth. The ceramics are primarily used in bearings owing to the materialís corrosion and temperature-resistant properties. Ceramics are inert, whereas metals are reactive which makes ceramics resistant to corrosive materials like seawater and many chemicals including acids and alkalis. Since ceramic bearings do not corrode, they require less maintenance than their steel alternatives and can be used in highly harsh environments. Some of the key players profiled in the study are SKF (Sweden), Ortech Inc. (United States), Lily Bearing (China), Boca Bearings (United States), NSK (Japan), GMN Bearing (United States), CeramicSpeed (Denmark), Park Tool (United States), Jinan Junqing (China) and Haining Kove (China).
On the basis of geography, the market of Ceramic Bearings has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Online will boost the Ceramic Bearings market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Increased Application of Ceramic Bearings in Automotive
- Increasing Demand for Bearings in Energy-Efficient Vehicles
- A rise in Demand in Railway, Aerospace and Other Applications
- Availability of Counterfeit Products
- Incorporation of Electro-Mechanical Features into Bearings for Medical Applications
- Increasing Prices of Raw Material
The Leading players of ceramic bearings are focusing on strategic partnerships and new product launch to improve their products and services along with focusing on increasing their client base to strengthen market position and to enhance product & service offerings.
Target Audience:Manufacturers of Ceramic Bearings, Suppliers of Raw Materials, Wholesalers, Distributors, and Retailers of Ceramic Bearings, Automotive Industry, Governmental Bodies and Research Firms
Major Objectives Focused through this Study To define, describe, and forecast the Global Ceramic Bearings market on the basis of product [Zirconia Oxide (ZrO2) Ceramic Bearings, Silicon Nitride (Si3N4) Ceramic Bearings and Other] , application [Automotive, Agriculture, Electrical, Medical, Mining & Construction and Railway & Aerospace], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Ceramic Bearings market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the Ceramic Bearings industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization: Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Manufacturers which are also part of the research are Enduro Bearings (United States) and LYZYC (China).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Ceramic Bearings market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. Top-down and bottom-up approaches have been used to determine the overall market size. Sizes of the other individual markets have been estimated using the percentage splits obtained through secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dow Jones (Factiva), along with primary respondents. The complete methodology includes the study of the annual and financial reports of the key market players and extensive interviews with industry experts such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) related to the market.