Global Ceramic Roller Bearings Market Report 2021: Increasing Penetration of Automation Trends for Heavy-duty Applications are Propelling Demand - ResearchAndMarkets.com

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DUBLIN, January 27, 2022--(BUSINESS WIRE)--The "Ceramic Roller Bearings Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026" report has been added to ResearchAndMarkets.com's offering.

The global ceramic roller bearings market grew at a CAGR of around 9% during 2015-2020. Looking forward, the publisher expects the market to continue its strong growth during 2021-2026.

Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

Ceramic roller bearings are designed to carry heavy loads while minimizing friction by using rolling cylindrical elements. These roller bearings are composed of different materials, such as silicon nitride, zirconium oxide, aluminum oxide, and silicon carbide.

Ceramic roller bearings exhibit low thermal conductivity, enhanced electrical insulation, better dimensional stability, improved water resistance, etc. As a result, they find extensive applications across diverse industries, such as railways, power generation, aerospace, automotive, marine, etc.

The elevating levels of industrialization along with the increasing penetration of automation trends for heavy-duty applications are propelling the demand for ceramic roller bearings. Furthermore, the growing shift from conventional stainless-steel bearings towards ceramic-based alternatives for higher precision, lower friction, improved wear and tear resistance, etc., is also driving the global market.

Apart from this, a significant growth in the automotive industry is catalyzing the adoption of ceramic roller bearings in passenger cars and commercial vehicles. In line with this, the rising demand for lightweight materials in automotive components has led to the integration of both stainless steel and ceramic roller bearings that offer high-temperature resistance and enhanced fuel efficiency.

Moreover, the increasing adoption of ceramic roller bearings in manufacturing rail and marine equipment based on excellent electrical insulation and better suitability in highly corrosive environments is also propelling the market growth.

Additionally, several manufacturers are focusing on improving the performance of ceramic roller bearings by deploying advanced seal and lubrication technologies, which will further continue to drive the market in the coming years.

Key Questions Answered in This Report:

  • How has the global ceramic roller bearings market performed so far and how will it perform in the coming years?

  • What has been the impact of COVID-19 on the global ceramic roller bearings market?

  • What are the key regional markets?

  • What is the breakup of the market based on the type?

  • What is the breakup of the market based on the product type?

  • What is the breakup of the market based on the application?

  • What are the various stages in the value chain of the industry?

  • What are the key driving factors and challenges in the industry?

  • What is the structure of the global ceramic roller bearings market and who are the key players?

  • What is the degree of competition in the industry?

Competitive Landscape:

The competitive landscape of the industry has also been examined with some of the key players being

  • AB SKF

  • Cerabea Co. Ltd.

  • CeramicSpeed

  • CeramTec GmbH

  • Emerson Bearing Company

  • Hentec Oy Ab

  • JTEKT Corporation

  • NSK Ltd.

  • Ortech Advanced Ceramics

  • Schaeffler Technologies AG & Co. KG

  • The Timken Company

Key Market Segmentation:

Breakup by Type:

  • Silicon Nitride

  • Zirconium Oxide

  • Others

Breakup by Product Type:

  • Hybrid Ceramic Roller Bearings

  • Full Ceramic Roller Bearings

Breakup by Application:

  • Automotive and Railways

  • Industrial and Mechanical Equipment

  • Power Generation

  • Aerospace

  • Others

Breakup by Region:

  • China

  • Europe

  • United States

  • Japan

  • Rest of Asia Pacific

  • Others

For more information about this report visit https://www.researchandmarkets.com/r/ssimck

View source version on businesswire.com: https://www.businesswire.com/news/home/20220127005730/en/

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