According to the latest report by IMARC Group, titled “Europe Ceramic Ball Bearings Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” the europe ceramic ball bearings market size reached US$ 240.6 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 377.7 Million by 2027, exhibiting a growth rate (CAGR) of 8.03% during 2022-2027.

Ceramic ball bearings are durable mechanical components that offer high dimensional stability compared to their counterparts. They have a smooth and round surface, provide optimum resistance against corrosion and heat, and require less energy due to their high speed that minimizes friction. As a result, they find extensive application in various end use industries across Europe.

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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.

Market Trends:                                                          

The market growth can be attributed to the widespread adoption of ceramic ball bearings in the automotive industry across Europe. As these bearings are lightweight and hard and can perform well in harsh and adverse conditions, they are used in gearboxes, engines, transmissions, and steering wheels of cars. Moreover, the increasing demand for private cars and commercial vehicles is impelling the market growth across the region. Additionally, the rising utilization of ceramic ball bearings in the mining industry and the manufacturing of marine and rail equipment is anticipated to strengthen the market growth across the region.

 Breakup by Raw Material:

• Zirconium Oxide
• Silicon Nitride
• Others

Breakup by Product Type:

• Hybrid Ceramic Ball Bearings
• Full Ceramic Ball Bearings

Breakup by Application:

• Electric Motor
• Automobile
• Under Water Equipment
• Laboratory Equipment
• Aerospace
• Others

Breakup by Country:

• Germany
• France
• United Kingdom
• Italy
• Spain
• Others

Competitive Landscape:

The report has also analysed the competitive landscape of the market along with the profiles of the key players.

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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

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