DUBLIN--(BUSINESS WIRE)--Jul 24, 2018--The "Miniature Ball Bearing Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023" report has been added to ResearchAndMarkets.com's offering.

The global miniature ball bearing market reached a value of US$ 1,217 Million in 2017.

Miniature ball bearings are used in the automotive sector for manufacturing mechanical components like fan motors, wiper motors, throttle bodies, etc. Rising demand for automotive components is, therefore directly proportional to the demand for miniature ball bearings. This acts as one of the primary factors propelling the growth of the miniature ball bearing market. In addition, the market for industrial robotics is encountering a remarkable demand from the automotive, electronics and electrical sector.

Moreover, rapid urbanisation and industrialisation, and elevated disposable incomes of the consumers represent other factors facilitating the demand for miniature ball bearings.

Looking forward, the market value is projected to reach US$ 1,826 Million by 2023, registering a CAGR of 7% during 2018-2023.

Market Summary:

Based on type, the market has been segmented as open miniature ball bearings, dust cover miniature ball bearings and others (flanged outer, extended inner). Currently, dust cover miniature ball bearings dominate the market with the largest share. On the basis of application, automotive represents the largest segment, followed by industrial and aerospace. Region-wise, the market has been segmented into Asia Pacific, Europe, North America, Middle East and Africa, and Latin America. Amongst these, Asia Pacific is the leading market, accounting for the majority of the global market share. The competitive landscape of the market has also been examined with some of the key players being Minebea, NSK, Kitanihon Seiki, CW, and GRW.

Key Topics Covered:

1 Preface

2 Scope and Methodology

3 Executive Summary

4 Introduction

5 Global Ball Bearing Market

6 Global Miniature Ball Bearing Market

7 Global Miniature Ball Bearing Market: Breakup by Type

8 Global Miniature Ball Bearing Market: Breakup by Application

9 Global Miniature Ball Bearing Market: Breakup by Region

10 Global Miniature (Small) Ball Bearing Manufacturing Process

11 Global Miniature Ball Bearing Market: Competitive Landscape

Minebea Mitsumi Inc NSK Ltd. Kitanihon Seiki Co. Ltd. CW Bearing Gmbh GRW Bearing Gmbh

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Related Topics:Bearings

KEYWORD:

INDUSTRY KEYWORD: MANUFACTURING OTHER MANUFACTURING

SOURCE: Research and Markets

Copyright Business Wire 2018.

PUB: 07/24/2018 01:28 PM/DISC: 07/24/2018 01:28 PM

http://www.businesswire.com/news/home/20180724005825/en