Boston, MA -- (SBWIRE) -- 08/17/2016 -- Bearings are machine elements used to reduce energy loss caused by friction in the rotary motion parts of a wide range of equipment and machinery. There are various types of bearings like ball bearings, roller bearings, and plain bearings. Technological advances and the growing need for energy efficiency have resulted in continuous improvement in bearing designs.

Technavio's analysts forecast the global ball bearing market to grow at a CAGR of 5.85% during the period 2016-2020.

Covered in this report
The report covers the present scenario and the growth prospects of the global ball bearing market for 2016-2020. To calculate the market size, the report considers the revenue generated through sales by vendors in the market.

Get More Details on this Report and a Full Table of Contents at Global Ball Bearing Market 2016-2020

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

-Americas
-APAC
-EMEA

Technavio's report Global Ball Bearing 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 vendors

-NSK
-NTN
-Schaeffler
-SKF
-Timken

Other prominent vendors

-Brammer
-C&U Group
-HKT
-HRB
-Minebea
-NBI Bearings
-RBC Bearings
-Rexnord

Market driver

-Growing use of ceramic ball bearings in EVs
-For a full, detailed list, view our report

Market challenge

-Threat of low-cost and counterfeit products
-For a full, detailed list, view our report

Market trend

-Development of integrated bearings and emergence of sensor bearing units
-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?

You can request one free hour of our analyst's time when you purchase this market report. Details are provided within the report.

Companies Mentioned in this Report: NSK, NTN, Schaeffler, SKF, Timken, Brammer, C&U Group, HKT, HRB, Minebea, NBI Bearings, RBC Bearings, Rexnord.

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