October 4, 2021, 18:00 ET | Source: Priority Research Priority Research
Tokyo, October 4, 2021 (Universal News Agency)-Ottawa, October 4, 2021 (Universal News Agency)-According to the new research of Priority Research, the global miniature ball bearing market size in 2020 is 1.7 billion US dollars. Miniature ball bearings or instrument bearings are compact machined parts and are widely used in the manufacture of various small machinery and equipment. Miniature ball bearings are specially designed for operation in small equipment and are very useful in various applications such as the automobile, crusher industry, textile industry, heavy machinery and equipment, electronics and aerospace industries. The main functions of miniature ball bearings include supporting loads, reducing friction and positioning moving machine parts such as wheels or shafts.
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The key factors affecting market growth are:
The scope of the miniature ball bearing market report
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The growing demand in the aerospace, industrial and automotive industries is exponentially driving the growth of the miniature ball bearing market. Technological advancements in the fields of medical equipment, robotics, and computers are promoting the development of high-efficiency and low-cost production of miniature ball bearings. In addition, with the rapid growth and development of technology, the demand for small and compact machines in various industries continues to increase, thereby driving the demand for miniature ball bearings.
There are certain problems associated with miniature ball bearings. Even if installed and operated correctly, miniature ball bearings may not provide satisfactory results. It may face problems such as excessive noise generation, reduced accuracy, and deterioration of grease, which may bring additional costs to users. This may inhibit the growth of the miniature ball bearing market.
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The introduction of chromium steel and tungsten carbide in the production of miniature ball bearings provides profitable opportunities for market participants. The use of chromium steel contributes to the production of high-precision bearings, combining quieter, higher hardness and wear resistance characteristics in miniature ball bearings. In addition, the use of tungsten carbide provides durability and long fatigue life for miniature ball bearings. These innovations seem to provide new growth opportunities for suppliers in the coming years.
Generally, in a factory or manufacturing unit, the environment is noisy. Sometimes the noise level will exceed the allowable limit. According to the regulations of the Occupational Safety and Health Administration, the permitted noise limit is 80 decibels. Higher noise is detrimental to the health of workers. There is a great need to reduce the noise of equipment and machinery. In order to increase productivity, high rotation speeds of ball bearings are required. This is the main challenge that requires the development of high-efficiency precision miniature ball bearings.
The main players operating in the miniature ball bearing market are NSK Ltd., Kitanihon Seiki Co. Ltd., Minebea Mitsumi Inc., GRW Bearing GmbH, CW Bearing GmbH, Cixing Group Co., Ltd., Shanghai Baihe Bearing Manufacturing Co., Ltd., FAG Kugelfischer GmbH and PacamorKubar Bearings, Inc.
Market segments covered by the report
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