Global Bearing Ball Market to grow at a CAGR of 4.99% during the period 2016 - 2020; Finds New Report

Report forecast the global bearing ball market to grow at a CAGR of 4.99% during the period 2016-2020.

Bearing balls are spherical and smooth balls that are widely used in applications related to ball bearings, besides being used as components in freewheel mechanisms. The bearing balls are available in different grades as predefined by the American Bearing Manufacturers Association (ABMA), which defines the precision of bearing balls and other type of precision balls.

The report covers the present scenario and the growth prospects of the global bearing ball market for 2016-2020. The market size has been calculated from the sales revenue of vendors in this market. The average price of bearing balls has been taken into consideration to estimate the market revenue.

The market is divided into the following segments based on geography:

• Americas
• APAC
• EMEA

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 since 1990. The slowdown is mainly attributed to the sluggish performance of the country's real estate sector, together with the huge manufacturing overcapacity.

Global Bearing Ball Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

key players in the global bearing ball market: Amatsuji Steel Ball, JGBR, NN, and Tsubaki Nakashima.

Market driver

• Growing use of ceramic bearing balls
• For a full, detailed list, view our report

Market challenge

• Setbacks to European machine tools manufacturing
• For a full, detailed list, view our report

Market trend

• Development of application-specific bearings for clean energy industry
• For a full, detailed list, view our report

Key questions answered in this report

• What will the market size be in 2020 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?

Spanning over 70 pages and 39 Exhibit “Global Bearing Ball Market 2016 - 2020” report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market landscape, Market segmentation by end-user, Geographical segmentation, Market drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Key vendor analysis, Appendix.

For more information Visit at: http://mrr.cm/3qE

Related Reports;

Global Electrical Equipment Market for the Power Distribution Industry 2016-2020 - Visit at - http://mrr.cm/3qa

Global Machining Centers Market 2016-2020 - Visit at - http://mrr.cm/3qR

Global Friction Stir Welding Equipment Market 2016-2020 - Visit at - http://mrr.cm/3qD