Scope of the Study
Hybrid ceramic bearing consists of steel races and ceramic balls. It is lighter as compared to steel bearings due to the weight difference in ball. Also, it rolls faster than the steel bearings as the balls are smoother, harder, rounder and uniform in size. In some applications, these properties of bearings with ceramic balls offer functional improvements with several different area over conventional steel bearings. In addition, hybrid ceramic bearing is not as prone to sudden catastrophic failure in high speed.
The market study is being classified by Type (Silicon nitride and Zirconia), by Application (Electric motors, Performance racing vehicles, Laboratory equipment and Others) and major geographies with country level break-up.
Schaeffler (Germany), NSK (Japan), SKF (Sweden), JTEKT (Japan), NTN (Japan), Timken (United States), Boca Bearing Company (United States), Ortech Advanced Ceramics (Canada), Lily Bearing (China) and CeramicSpeed (Denmark) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are GMN Bearing (United States) and ZYS (China).
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that Japan Manufacturers will contribute to the maximum growth of Global Hybrid Ceramic Bearings market throughout the predicted period.
AdvanceMarketAnalytics has segmented the market of Global Hybrid Ceramic Bearings market by Type, Application and Region.
On the basis of geography, the market of Hybrid 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). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Wide Range of Applications is Fueling the Market Growth
- Advantages over Steel Bearings Such as Faster Smoother and Harder Bearings
- Increasing Popularity of Hybrid Ceramic Bearings
- Availability of Alternative Products
- Increasing Usage of Hybrid Ceramic Bearings in Industries
- Growing Demand of Industrial Machinery is Boosting the Market
- Stiff Competition among the Manufacturers
Market Leaders and their expansionary development strategies
On 31st October 2019, SKF has acquired Presenso Ltd which develops and deploys AI based predictive maintenance software. This enables the production plants to find and act on anomalies that were previously difficult to detect
Key Target AudienceManufacturers, Raw material suppliers, Government associations, Research organizations and Others
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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