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Global Miniature Ball Bearings Market Trajectory & Analytics to 2027: U.S. Market is Estimated at $405.9 Million, While China is Forecast to Grow at 8.8% CAGR - ResearchAndMarkets.com

January 19, 2021 GMT

DUBLIN--(BUSINESS WIRE)--Jan 19, 2021--

The “Miniature Ball Bearings - Global Market Trajectory & Analytics” report has been added to ResearchAndMarkets.com’s offering.

Amid the COVID-19 crisis, the global market for Miniature Ball Bearings estimated at US$1.5 Billion in the year 2020, is projected to reach a revised size of US$2.2 Billion by 2027, growing at a CAGR of 5.8% over the analysis period 2020-2027.

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Dust Cover Miniature Ball Bearings, one of the segments analyzed in the report, is projected to record a 5.4% CAGR and reach US$1 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Open Miniature Ball Bearings segment is readjusted to a revised 6.4% CAGR for the next 7-year period.

The U.S. Market is Estimated at $405.9 Million, While China is Forecast to Grow at 8.8% CAGR

The Miniature Ball Bearings market in the U. S. is estimated at US$405.9 Million in the year 2020. China, the world’s second largest economy, is forecast to reach a projected market size of US$466.6 Million by the year 2027 trailing a CAGR of 8.8% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.2% and 5.2% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.7% CAGR.

Other Types Segment to Record 5.7% CAGR

In the global Other Types segment, USA, Canada, Japan, China and Europe will drive the 5.2% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$224.6 Million in the year 2020 will reach a projected size of US$320.7 Million by the close of the analysis period.

China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$299.9 Million by the year 2027, while Latin America will expand at a 6.9% CAGR through the analysis period.

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The report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021.

Competitors identified in this market include, among others:

  • CW Bearing GmbH
  • GRW Gebr. Reinfurt GmbH & Co. KG
  • Kitanihon Seiki Co. Ltd.
  • MinebeaMitsumi, Inc.
  • NSK Ltd.

Key Topics Covered:

I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Global Competitor Market Shares
  • Miniature Ball Bearings Competitor Market Share Scenario Worldwide (in %): 2019 & 2025
  • Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE

  • Dust Cover Miniature Ball Bearings (Type) Market Share Breakdown of Worldwide Sales by Region/Country: 2012 VS 2020 VS 2027
  • Open Miniature Ball Bearings (Type) Market Sales Breakdown by Region/Country in Percentage: 2012 VS 2020 VS 2027
  • Other Types (Type) Market Share Distribution in Percentage by Region/Country: 2012 VS 2020 VS 2027
  • Automotive (End-Use) Demand Potential Worldwide in US$ Thousand by Region/Country: 2020-2027
  • Automotive (End-Use) Historic Sales Analysis in US$ Thousand by Region/Country: 2012-2019
  • Automotive (End-Use) Share Breakdown Review by Region/Country: 2012 VS 2020 VS 2027
  • Industrial (End-Use) Worldwide Latent Demand Forecasts in US$ Thousand by Region/Country: 2020-2027
  • Industrial (End-Use) Global Historic Analysis in US$ Thousand by Region/Country: 2012-2019
  • Industrial (End-Use) Distribution of Global Sales by Region/Country: 2012 VS 2020 VS 2027
  • Aerospace (End-Use) Sales Estimates and Forecasts in US$ Thousand by Region/Country for the Years 2020 through 2027
  • Aerospace (End-Use) Analysis of Historic Sales in US$ Thousand by Region/Country for the Years 2012 to 2019
  • Aerospace (End-Use) Global Market Share Distribution by Region/Country for 2012, 2020, and 2027
  • Household Electrical Appliances (End-Use) Global Opportunity Assessment in US$ Thousand by Region/Country: 2020-2027
  • Household Electrical Appliances (End-Use) Historic Sales Analysis in US$ Thousand by Region/Country: 2012-2019
  • Medical (End-Use) Worldwide Sales in US$ Thousand by Region/Country: 2020-2027
  • Medical (End-Use) Historic Demand Patterns in US$ Thousand by Region/Country: 2012-2019
  • Medical (End-Use) Market Share Shift across Key Geographies: 2012 VS 2020 VS 2027
  • Robotics (End-Use) Global Market Estimates & Forecasts in US$ Thousand by Region/Country: 2020-2027
  • Robotics (End-Use) Retrospective Demand Analysis in US$ Thousand by Region/Country: 2012-2019
  • Robotics (End-Use) Market Share Breakdown by Region/Country: 2012 VS 2020 VS 2027
  • Other End-Uses (End-Use) Share Breakdown Review by Region/Country: 2012 VS 2020 VS 2027

III. MARKET ANALYSIS

GEOGRAPHIC MARKET ANALYSIS

  • Market Facts & Figures
  • Miniature Ball Bearings Market Share (in %) by Company: 2019 & 2025
  • Market Analytics
  • Miniature Ball Bearings Market Estimates and Projections in US$ Thousand by Type: 2020 to 2027
  • Miniature Ball Bearings Market by Type: A Historic Review in US$ Thousand for 2012-2019
  • Miniature Ball Bearings Market Share Breakdown by Type: 2012 VS 2020 VS 2027
  • Miniature Ball Bearings Latent Demand Forecasts in US$ Thousand by End-Use: 2020 to 2027
  • Miniature Ball Bearings Historic Demand Patterns by End-Use in US$ Thousand for 2012-2019
  • Miniature Ball Bearings Market Share Breakdown by End-Use: 2012 VS 2020 VS 2027

IV. COMPETITION

  • Total Companies Profiled: 31

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

View source version on businesswire.com:https://www.businesswire.com/news/home/20210119005485/en/

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SOURCE: Research and Markets

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PUB: 01/19/2021 05:22 AM/DISC: 01/19/2021 05:23 AM

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