Ball Bearing Market Analysis

Type (Deep Groove Ball Bearings, Angular Contact Ball Bearings, Self-Aligning Ball Bearings, Thrust Ball Bearings, Others)

The self-aligning ball bearings segment is predicted to register rapid revenue ball bearing market growth during the projected timeframe owing to high usage of self-aligning ball bearings in the construction machinery. Self-aligning ball bearings consist of two rows of balls, one common sphered raceway in the outer ring and 2 uninterrupted grooves in the inner ring that minimize friction and frictional heat. These ball bearings are widely used in the construction machinery due to high chances of shaft alignment in the machinery. Shaft misalignment is one of the most frequently occurring causes of failure in rotating machinery, contributing to close to 29 to 50% of failures. Self-aligning ball bearings accommodate static and dynamic misalignment, provide excellent light load and high-speed performance, and require minimum maintenance.

Application (Automotive, Industrial Machinery, Mining & Construction, Medical, Others)

Automotive segment is projected to capture over 50.2% ball bearing market share by 2036 owing to increasing demand for automobiles with advanced technologies and rapidly expanding automotive manufacturing sector Ball bearing plays a key role in the automotive sector in enhancing the performance of various vehicle components. These help in reducing the friction between moving parts and support radial as well as axial loads. Different types of ball bearings including deep groove ball bearings, angular contact ball bearings, self-aligning ball bearings and double row ball bearings are used in vehicles and many key players are investing in developing and launching more effective products. For instance, in February 2022, Schaeffler, a leading German rolling bearing manufacturer announced the launch of two new bearings for electric vehicles.

Our in-depth analysis of the global ball bearing market includes the following segments: