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The global bearing ball market analyst says activities to protect the environment are gaining momentum worldwide; following in the footsteps of other industries; the bearing industry is also making the shift toward developing new types of application-specific bearings for the wind energy segment. Wind turbines require large, maintenance-free, high-quality bearings to save energy and reduce carbon emissions. This emerging trend provides an opportunity for growth of the bearing industry over the forecast period. This will, in turn, translate into high demand for large bore, anti-friction bearings in the manufacturing and heavy machinery industries.Complete report on Bearing Ball market spread across 70 pages, analyzing 4 major companies and providing 39 data exhibits are now available at http://www.rnrmarketresearch.com/global-bearing-ball-market-2016-2020-market-report.html
According to the 2016 bearing ball market report, one of the key drivers for market growth will be increase in investment in railways and aerospace. Increased demand for commercial aircraft is expected to fuel the demand for the ball bearing market. Global air traffic has been growing at 5.5% annually. The aerospace industry is expected to have a steady demand for ball bearings, especially those used in commercial aircraft and this is expected to propel demand for bearing balls. However, in the case of military aircraft, missiles, and space, the demand for ball bearings is expected to grow marginally or negatively, depending on the budget allocation in different countries.
Accounting for more than 47% of the total bearing ball market shares, the automotive industry dominated the market during 2015. The rise in demand for fuel-efficient and technologically advanced cars equipped with advanced safety features will drive the growth of the automotive market. Also, continuous investments from leading automobile manufacturers towards new production facilities in the developing regions including India, Thailand, and Mexico will also fuel the growth of the automotive industry. Since a passenger car uses more than hundred pieces of bearings to minimize friction-based energy loss and increase energy efficiency, the growth of the automotive industry will augment the growth of the market. Order a copy of Global Bearing Ball Market 2016-2020 report @ http://www.rnrmarketresearch.com/contacts/purchase?rname=692012
The following companies are the key players in the global bearing ball market: Amatsuji Steel Ball, JGBR, NN, and Tsubaki Nakashima.
APAC will dominate the bearing ball market throughout the next four years. Countries such as Japan, China, Australia, India, South Korea, Taiwan, and Singapore will be the major revenue contributors to the market from this region. The increasing use of ball bearings in the construction, automotive, railway, wind energy, textile, manufacturing, and industrial sectors will fuel the demand for bearing balls. This region will account for almost 50% of the total market shares by 2020.
Global Bearing Ball Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. This report covers the present scenario and the growth prospects of the global bearing ball market for 2016-2020. The market size has been calculated from the sales revenue of vendors in this market. The average price of bearing balls has been taken into consideration to estimate the market revenue.
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