According to the latest report by IMARC Group, titled Europe Ceramic Ball Bearings Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the europe ceramic ball bearings market reached a value of US$ 222 Million in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of 7.7% during 2021-2026.

Ceramic ball bearings are durable mechanical components that offer high dimensional stability compared to their counterparts. They have a smooth and round surface, provide optimum resistance against corrosion and heat, and require less energy due to their high speed that minimizes friction. As a result, they find extensive application in various end use industries across Europe.

As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

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Market Trends:                                                              

The market growth can be attributed to the widespread adoption of ceramic ball bearings in the automotive industry across Europe. As these bearings are lightweight and hard and can perform well in harsh and adverse conditions, they are used in gearboxes, engines, transmissions, and steering wheels of cars. Moreover, the increasing demand for private cars and commercial vehicles is impelling the market growth across the region. Additionally, the rising utilization of ceramic ball bearings in the mining industry and the manufacturing of marine and rail equipment is anticipated to strengthen the market growth across the region.

Report Metric

Historical: 2015-2020

Base Year: 2020

Forecast Year: 2021-2026

Europe Ceramic Ball Bearings Market 2021-2026 Analysis and Segmentation:

The report has segmented the market on the basis on country, raw material, product type, application.

Breakup by Raw Material:

  • Zirconium Oxide
  • Silicon Nitride
  • Others

Breakup by Product Type:

  • Hybrid Ceramic Ball Bearings
  • Full Ceramic Ball Bearings

Breakup by Application:

  • Electric Motor
  • Automobile
  • Under Water Equipment
  • Laboratory Equipment
  • Aerospace
  • Others

Breakup by Country:

  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Others

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Key highlights of the report:

  • Market Performance (2016-2021)
  • Market Outlook (2022-2027)
  • Porter’s Five Forces Analysis
  • Market Drivers and Success Factors
  • SWOT Analysis
  • Value Chain
  • Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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