Global Ceramic Roller Bearings Market Report 2021, Industry Overview, Growth Rate and Forecast 2026
The global ceramic roller bearings market grew at a CAGR of around 9% during 2015-2020. Looking forward, IMARC Group the market expects to continue its strong growth during the next five years.
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.
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.
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Note: 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.
Global Ceramic Roller Bearings Market 2021-2026 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
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 and The Timken Company.
The report has segmented the market on the basis of Type, Product Type, Application and Region.
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
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