Expert Market Research’s new report, titled “Global ball bearing market share Report and Forecast 2022-2027′, provides an in-depth analysis of the global Ball Bearings market and evaluates the market based on its segments such as applications and major regions. The report tracks the latest trends in the industry and examines their impact on the overall market. It also assesses the market dynamics, covers the main demand and price indicators and analyzes the market based on the SWOT and Porter Five Forces models.

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Key highlights of the report include:

Market Overview (2017-2027)

• Historical market size (2021): Approximately USD 6 billion
• Forecast CAGR (2022-2027): 5%

Ball bearings have excellent wear resistance, offer low friction, have a long service life and do not require much lubrication. In this regard, the product is expected to register high demand among light and heavy industrial equipments during the forecast period. Additionally, ball bearings are inexpensive compared to their anti-friction counterparts. This factor should give impetus to the market. Furthermore, the increasing use of ball bearings in residential sliding doors is expected to support the market growth in the coming years. Geographically, Asia Pacific holds a significant market share due to the thriving manufacturing sector in the region.

Industry definition and main segments

Ball bearing is defined as the metal ball that is placed between two moving parts of a machine to make the movement smooth. This mechanism is known to reduce friction by supporting the axial and radial loads between two objects to increase the efficiency of operation. In addition, the maximum allowable speed of ball bearings depends on the design and size, cage type and type of lubrication.

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