Ceramic Roller Bearings Market Share, Trends and Forecast 2023-2028by Zayn Mathew Market Research Reports
According to the latest report by IMARC Group, the global ceramic roller bearings market size reached US$ 375.4 Million in 2022. Looking forward, the market expected to reach US$ 626.2 Million by 2028, exhibiting a growth rate (CAGR) of 9.1% during 2023-2028.
Ceramic roller bearings are used to carry heavy loads while reducing friction by using rolling cylindrical elements. These roller bearings are made from different materials, such as silicon nitride, zirconium oxide, aluminum oxide, and silicon carbide. Ceramic roller bearings exhibit low thermal conductivity, better dimensional stability, enhanced electrical insulation, improved water resistance, etc. As a result, they find extensive applications across diverse industries, such as railways, aerospace, power generation, automotive, marine, etc.
Ceramic Roller Bearings Market Trends:
Rapid industrialization, along with the growing penetration of automation trends for heavy-duty applications, is augmenting the demand for ceramic roller bearings. Furthermore, the increasing shift from traditional stainless-steel bearings towards ceramic-based substitutes for higher precision, improved wear and tear resistance, better durability, etc., is also driving the market growth. Besides this, the expanding automotive industry is increasingly adopting lightweight ceramic roller bearings to offer high-temperature resistance and enhanced fuel efficiency in both passenger and commercial vehicles. Additionally, the rising adoption of ceramic roller bearings in manufacturing marine and rail equipment based on excellent electrical insulation and better suitability in highly corrosive environments is also catalyzing the market growth. Moreover, leading manufacturers are focusing on improving the functioning of ceramic roller bearings by employing advanced seal and lubrication technologies, which will further continue to drive the market growth in the coming years.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
The report has segmented the market on the basis of Type, Product Type, Application and Region.
By Product Type:
Hybrid Ceramic Roller Bearings
Full Ceramic Roller Bearings
Automotive and Railways
Industrial and Mechanical Equipment
Rest of Asia Pacific
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Created on Mar 19th 2021 02:13. Viewed 291 times.
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