Bearing Ball Market Share, Size, Trends and Growth to 2020

Technavio Announces the Publication of its Research Report Global Bearing Ball Market 2016-2020

Technavio recognizes the following companies as the key players in the global bearing ball market: Amatsuji Steel Ball, JGBR, NN, and Tsubaki Nakashima.

Commenting on the report, an analyst from Technavios team said: Activities to protect the environment are gaining momentum worldwide; following in the footsteps of other industries, the bearing industry is also making the shift toward developing new types of application-specific bearings for the wind energy segment. Wind turbines require large, maintenance-free, high-quality bearings to save energy and reduce carbon emissions. This emerging trend provides an opportunity for growth of the bearing industry over the forecast period. This will, in turn, translate into high demand for large bore, anti-friction bearings in the manufacturing and heavy machinery industries.”

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According to the report, one of the key drivers for market growth will be increase in investment in railways and aerospace. Increased demand for commercial aircraft is expected to fuel the demand for the ball bearing market. Global air traffic has been growing at 5.5% annually. The aerospace industry is expected to have a steady demand for ball bearings, especially those used in commercial aircraft and this is expected to propel demand for bearing balls. However, in the case of military aircraft, missiles, and space, the demand for ball bearings is expected to grow marginally or negatively, depending on the budget allocation in different countries.

Further, the report states that sluggish growth of Chinese economy will be a challenge for the market. The recent slowdown that the Chinese economy has been experiencing will have an adverse effect on the bearing ball market. The Chinese GDP grew at only 7.4% in 2014, the slowest recorded...