Thin Section Ball Bearings Market

Global Thin Section Ball Bearings Market By Type (Open Typed, Sealed Typed, and Shielded Typed), By Application (Robotics, Automation, Semiconductor Equipment, Aerospace and Defense, Textile, and Others), Sales Channel (OEMs and Aftermarket), and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa)

  • Report ID: CM-152
  • Author: Growth Market Reports
  • Rating: 4.9
  • Total Reviews: 35
  • No. Of Pages: 221
  • Format:
  • Pub. Date: 2020-07-23
  • Share:

Market Outlook:

The global thin section ball bearings market was valued at USD 808.8 Million in 2019 and is projected to reach USD 931.4 Million by 2027, expanding at a CAGR of 2.4% during the forecast period. The overall demand for automation and industrial robotic equipment is increasing at rapid pace globally owing to the increased urbanization and industrialization. Increase in the demand from various sectors such as textile, robotic and automotive sectors is expected to drive the thin section ball bearing market growth during the forecast period. Thin section ball bearing plays an important role in the automotive equipment and heavy machinery where the high precision, optimum efficiency and minimum space is required. Thin section ball bearing provides these benefits by rising the overall market growth. Use of thin section ball bearing in various application helps to reduce space and lower weight by 80%. It decreases the total cost of application due to which it is responsible for driving the market by increasing usage, especially where there is limitation of space and design constraint. Industries face difficulty in execution of complicated designs, therefore, thin section ball bearing is used for easy customization and modification. The loading capacity of thin section ball bearing is more in comparison to conventional ball bearing as it is compact in design and use numerous rolling elements which spreads the load over large area. Thus, it helps in providing multi-load capabilities and high stiffness.

Global Thin Section Ball Bearings Market Key Takeaways

Market Dynamics:
Drivers

The demand for thin section ball bearings has increased owing to the rise in industrial projects in China. Rising number industrial transformation activities have resulted in a significant adoption of robotics and automations among several manufacturing and equipment industries, which in turn, has positively impacted the demand for thin section ball bearing in the country. Additionally, several China-based companies have undertaken several construction projects in countries such as India, which in turn, has boosted the use of several construction equipment increasing the demand for thin section ball bearings to build the necessary equipment.

Additionally, the loading capacity of thin section ball bearing is more than that of conventional ball bearing, as it has a compact design and use of numerous rolling elements, which spreads the load over large area. This, in turn, helps provide multi-load capabilities and high stiffness. Furthermore, in applications where the space is a constraint, thin section ball bearings have greater compatibility and are considered to be a better choice than other conventional ball bearings. Moreover, the thin section ball bearing can be easily customized and modified; therefore, it used in industries where design is complicated.

Restraints
Thin section ball bearings are usually designed to increase design flexibility with less use of space. However, high costs of thin section ball bearings is considered to be a major factor hindering the growth of the market. Furthermore, rising investments in the overall bearings industry has resulted in technological advancements in other bearings types, which have considerably lower cost than thin section ball bearings.

Opportunities
The use of thin section ball bearings has increased in the past few years. This has resulted in providing optimum results in tight space applications in several industrial, commercial machineries, and equipment. Moreover, substantial rise in the adoption of new technologies for the manufacturing and development of thin section ball bearings is projected to create opportunities in the market during the forecast period. Increasing advancements in the design technologies for thin section ball bearings for several critical applications is anticipated to create lucrative opportunities during the forecast period.

Trends
Significant rise in the adoption of light weight applications has resulted in the rise in usage of thin section ball bearings among several industry verticals. Growing demand of light weight products used in several industrial and commercial machineries and equipment has increased the popularity of thin section ball bearings. Growing popularity of thin section ball bearings is attributed to its ability to be used in critical environments and applications where space is tight, weight must be minimized, and absolute precision must be guaranteed.

Moreover, the use of angular contact thin section ball bearings has increased in the past few decades. Thin section bearings with angular contact designs are used in machinery requiring high accuracy and durability. The angular contact designs based thin section ball bearings are majorly considered among industries such as semiconductor, centrifuges, machine tools spindles, and woodworking spindles. The popularity of these angular contact design bearings among these industries is attributed to the angular contact designs having a higher speed than radial bearings due to the nonstop contact of the balls to both rings.

Segmental Outlook

On the basis of type, the global thin section ball bearings market is bifurcated into open typed, sealed typed, and shielded typed. The open typed segment is anticipated to expand at a CAGR of 2.5% during the forecast period due to its capability for relubrication. Thin section bearings require lubrication and a clean environment for a long service life. Open type bearings allow fresh grease to push out the old grease from the bearing along with the contaminants suspended in it. The sealed typed segment is estimated to hold 28.3% share of the market in 2019 as it offers a great protection against the penetration of foreign material, while preventing grease leakage.

Global Thin Section Ball Bearings Market By Type

Based on applications, the market is segmented into robotics, automation, semiconductor equipment, aerospace and defense, textile, and others. The robotics segment is projected to hold a major share of the market during the forecast period owing to the ability of thin section bearings to take heavy load and can be used under extreme temperatures. Bearings in robotics have demonstrated exponentially improved in resistance, speed, and precision, resulting in the high demand among several industry verticals due to technology advancements. The automation centers segment is expected to grow at a substantial pace due to the adoption of automations among several industry verticals such as medical equipment, printing machinery, packaging machinery, machine tools, and industrial machinery.

Global Thin Section Ball Bearings Market By Application

On the basis of sales channel, the global thin section ball bearings market is bifurcated into OEMs and aftermarket. The OEMs are projected to hold a large share of the market during the forecast period. NSK, Kaydon bearings, and SKF are some of the major thin section ball bearings manufacturers worldwide. These manufacturers are highly dependent on ball bearing materials distributors to manufacture custom equipment parts, as per the requirement. This, in turn, increases the demand for thin section ball bearing materials distributors.

Regional Outlook

In terms of regions, the market is fragmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Europe is a promising region for the market. The region constituted 30.4% share of the market in 2019. The market in the region is projected to expand at a CAGR of 2.1% during the forecast period. Increasing robotics and automation applications among several nations in the region are driving the thin section ball bearings market in Europe. The market in Asia Pacific is projected to expand at a CAGR of 3.0% owing to the emerging local players in the region.

Global Thin Section Ball Bearings Market By Region

Competitive Landscape

  • Key players in the market include AEC, AST Bearings LLC, CPM S.p.A, IEC, New Hampshire Ball Bearings, Inc., NSK Ltd., NTN Corporation, RBC Bearings Incorporated., Schaeffler Technologies AG & Co. KG, Schatz Bearing Corp., Silverthin Bearing Group, SKF, The Timken Company, and ZYZ Bearing. These companies are considered manufacturers of Thin Section Ball Bearings based on their revenue, research development (R&D) activities, regional presence, and supply chain management system.
  • The players are adopting key strategies such as acquisition, and geographical expansion where potential opportunity for the thin section ball bearings extraction is added in the company’s capacity.

Global Thin Section Ball Bearings Market By Key Players

Key Benefits for Industry Participants & Stakeholders

  • In-depth Analysis of the Global Thin Section Ball Bearings Market
  • Historical, Current and Projected Market Size in terms of Value
  • Potential & Niche Segments and Regions Exhibiting Promising Growth Covered
  • Industry Drivers, Restraints and Opportunities Covered in the Study
  • Recent Industry Trends and Developments
  • Competitive Landscape & Strategies of Key Players
  • Neutral Perspective on Global Thin Section Ball Bearings Market Performance
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Thin Section Ball Bearings Market Overview
   4.1 Introduction
      4.1.1 Market Taxonomy
      4.1.2 Market Definition
      4.1.3 Macro-Economic Factors Impacting the Market Growth
   4.2 Thin Section Ball Bearings Market Dynamics
      4.2.1 Market Drivers
      4.2.2 Market Restraints
      4.2.3 Market Opportunity
   4.3 Thin Section Ball Bearings Market - Supply Chain Analysis
      4.3.1 List of Key Suppliers
      4.3.2 List of Key Distributors
      4.3.3 List of Key Consumers
   4.4 Key Forces Shaping the Thin Section Ball Bearings Market
      4.4.1 Bargaining Power of Suppliers
      4.4.2 Bargaining Power of Buyers
      4.4.3 Threat of Substitution
      4.4.4 Threat of New Entrants
      4.4.5 Competitive Rivalry
   4.5 Global Thin Section Ball Bearings Market Size & Forecast, 2017-2027
      4.5.1 Thin Section Ball Bearings Market Size and Y-o-Y Growth
      4.5.2 Thin Section Ball Bearings Market Absolute $ Opportunity
Chapter 5 Global Thin Section Ball Bearings Market Analysis and Forecast By Type
   5.1 Introduction
      5.1.1 Key Market Trends & Growth Opportunities By Type
      5.1.2 Basis Point Share (BPS) Analysis By Type
      5.1.3 Absolute $ Opportunity Assessment By Type
   5.2 Thin Section Ball Bearings Market Size Forecast By Type
      5.2.1 Open Typed
      5.2.2 Sealed Typed
      5.2.3 Shielded Typed
   5.3 Market Attractiveness Analysis By Type
Chapter 6 Global Thin Section Ball Bearings Market Analysis and Forecast By Application
   6.1 Introduction
      6.1.1 Key Market Trends & Growth Opportunities By Application
      6.1.2 Basis Point Share (BPS) Analysis By Application
      6.1.3 Absolute $ Opportunity Assessment By Application
   6.2 Thin Section Ball Bearings Market Size Forecast By Application
      6.2.1 Robotics
      6.2.2 Automation
      6.2.3 Semiconductor Equipment
      6.2.4 Aerospace and Defense
      6.2.5 Textile
      6.2.6 Others
   6.3 Market Attractiveness Analysis By Application
Chapter 7 Global Thin Section Ball Bearings Market Analysis and Forecast By Sales Channel
   7.1 Introduction
      7.1.1 Key Market Trends & Growth Opportunities By Sales Channel
      7.1.2 Basis Point Share (BPS) Analysis By Sales Channel
      7.1.3 Absolute $ Opportunity Assessment By Sales Channel
   7.2 Thin Section Ball Bearings Market Size Forecast By Sales Channel
      7.2.1 OEMs
      7.2.2 Aftermarket
   7.3 Market Attractiveness Analysis By Sales Channel
Chapter 8 Global Thin Section Ball Bearings Market Analysis and Forecast by Region
   8.1 Introduction
      8.1.1 Key Market Trends & Growth Opportunities by Region
      8.1.2 Basis Point Share (BPS) Analysis by Region
      8.1.3 Absolute $ Opportunity Assessment by Region
   8.2 Thin Section Ball Bearings Market Size Forecast by Region
      8.2.1 North America
      8.2.2 Europe
      8.2.3 Asia Pacific
      8.2.4 Latin America
      8.2.5 Middle East & Africa (MEA)
   8.3 Market Attractiveness Analysis by Region
Chapter 9 Coronavirus Disease (COVID-19) Impact
   9.1 Introduction
   9.2 Current & Future Impact Analysis
   9.3 Economic Impact Analysis
   9.4 Government Policies
   9.5 Investment Scenario
Chapter 10 North America Thin Section Ball Bearings Analysis and Forecast
   10.1 Introduction
   10.2 North America Thin Section Ball Bearings Market Size Forecast by Country
      10.2.1 U.S.
      10.2.2 Canada
   10.3 Basis Point Share (BPS) Analysis by Country
   10.4 Absolute $ Opportunity Assessment by Country
   10.5 Market Attractiveness Analysis by Country
   10.6 North America Thin Section Ball Bearings Market Size Forecast By Type
      10.6.1 Open Typed
      10.6.2 Sealed Typed
      10.6.3 Shielded Typed
   10.7 Basis Point Share (BPS) Analysis By Type
   10.8 Absolute $ Opportunity Assessment By Type
   10.9 Market Attractiveness Analysis By Type
   10.10 North America Thin Section Ball Bearings Market Size Forecast By Application
      10.10.1 Robotics
      10.10.2 Automation
      10.10.3 Semiconductor Equipment
      10.10.4 Aerospace and Defense
      10.10.5 Textile
      10.10.6 Others
   10.11 Basis Point Share (BPS) Analysis By Application
   10.12 Absolute $ Opportunity Assessment By Application
   10.13 Market Attractiveness Analysis By Application
   10.14 North America Thin Section Ball Bearings Market Size Forecast By Sales Channel
      10.14.1 OEMs
      10.14.2 Aftermarket
   10.15 Basis Point Share (BPS) Analysis By Sales Channel
   10.16 Absolute $ Opportunity Assessment By Sales Channel
   10.17 Market Attractiveness Analysis By Sales Channel
Chapter 11 Europe Thin Section Ball Bearings Analysis and Forecast
   11.1 Introduction
   11.2 Europe Thin Section Ball Bearings Market Size Forecast by Country
      11.2.1 Germany
      11.2.2 France
      11.2.3 Italy
      11.2.4 U.K.
      11.2.5 Spain
      11.2.6 Russia
      11.2.7 Rest of Europe
   11.3 Basis Point Share (BPS) Analysis by Country
   11.4 Absolute $ Opportunity Assessment by Country
   11.5 Market Attractiveness Analysis by Country
   11.6 Europe Thin Section Ball Bearings Market Size Forecast By Type
      11.6.1 Open Typed
      11.6.2 Sealed Typed
      11.6.3 Shielded Typed
   11.7 Basis Point Share (BPS) Analysis By Type
   11.8 Absolute $ Opportunity Assessment By Type
   11.9 Market Attractiveness Analysis By Type
   11.10 Europe Thin Section Ball Bearings Market Size Forecast By Application
      11.10.1 Robotics
      11.10.2 Automation
      11.10.3 Semiconductor Equipment
      11.10.4 Aerospace and Defense
      11.10.5 Textile
      11.10.6 Others
   11.11 Basis Point Share (BPS) Analysis By Application
   11.12 Absolute $ Opportunity Assessment By Application
   11.13 Market Attractiveness Analysis By Application
   11.14 Europe Thin Section Ball Bearings Market Size Forecast By Sales Channel
      11.14.1 OEMs
      11.14.2 Aftermarket
   11.15 Basis Point Share (BPS) Analysis By Sales Channel
   11.16 Absolute $ Opportunity Assessment By Sales Channel
   11.17 Market Attractiveness Analysis By Sales Channel
Chapter 12 Asia Pacific Thin Section Ball Bearings Analysis and Forecast
   12.1 Introduction
   12.2 Asia Pacific Thin Section Ball Bearings Market Size Forecast by Country
      12.2.1 China
      12.2.2 Japan
      12.2.3 South Korea
      12.2.4 India
      12.2.5 Australia
      12.2.6 South East Asia (SEA)
      12.2.7 Rest of Asia Pacific (APAC)
   12.3 Basis Point Share (BPS) Analysis by Country
   12.4 Absolute $ Opportunity Assessment by Country
   12.5 Market Attractiveness Analysis by Country
   12.6 Asia Pacific Thin Section Ball Bearings Market Size Forecast By Type
      12.6.1 Open Typed
      12.6.2 Sealed Typed
      12.6.3 Shielded Typed
   12.7 Basis Point Share (BPS) Analysis By Type
   12.8 Absolute $ Opportunity Assessment By Type
   12.9 Market Attractiveness Analysis By Type
   12.10 Asia Pacific Thin Section Ball Bearings Market Size Forecast By Application
      12.10.1 Robotics
      12.10.2 Automation
      12.10.3 Semiconductor Equipment
      12.10.4 Aerospace and Defense
      12.10.5 Textile
      12.10.6 Others
   12.11 Basis Point Share (BPS) Analysis By Application
   12.12 Absolute $ Opportunity Assessment By Application
   12.13 Market Attractiveness Analysis By Application
   12.14 Asia Pacific Thin Section Ball Bearings Market Size Forecast By Sales Channel
      12.14.1 OEMs
      12.14.2 Aftermarket
   12.15 Basis Point Share (BPS) Analysis By Sales Channel
   12.16 Absolute $ Opportunity Assessment By Sales Channel
   12.17 Market Attractiveness Analysis By Sales Channel
Chapter 13 Latin America Thin Section Ball Bearings Analysis and Forecast
   13.1 Introduction
   13.2 Latin America Thin Section Ball Bearings Market Size Forecast by Country
      13.2.1 Brazil
      13.2.2 Mexico
      13.2.3 Rest of Latin America (LATAM)
   13.3 Basis Point Share (BPS) Analysis by Country
   13.4 Absolute $ Opportunity Assessment by Country
   13.5 Market Attractiveness Analysis by Country
   13.6 Latin America Thin Section Ball Bearings Market Size Forecast By Type
      13.6.1 Open Typed
      13.6.2 Sealed Typed
      13.6.3 Shielded Typed
   13.7 Basis Point Share (BPS) Analysis By Type
   13.8 Absolute $ Opportunity Assessment By Type
   13.9 Market Attractiveness Analysis By Type
   13.10 Latin America Thin Section Ball Bearings Market Size Forecast By Application
      13.10.1 Robotics
      13.10.2 Automation
      13.10.3 Semiconductor Equipment
      13.10.4 Aerospace and Defense
      13.10.5 Textile
      13.10.6 Others
   13.11 Basis Point Share (BPS) Analysis By Application
   13.12 Absolute $ Opportunity Assessment By Application
   13.13 Market Attractiveness Analysis By Application
   13.14 Latin America Thin Section Ball Bearings Market Size Forecast By Sales Channel
      13.14.1 OEMs
      13.14.2 Aftermarket
   13.15 Basis Point Share (BPS) Analysis By Sales Channel
   13.16 Absolute $ Opportunity Assessment By Sales Channel
   13.17 Market Attractiveness Analysis By Sales Channel
Chapter 14 Middle East & Africa (MEA) Thin Section Ball Bearings Analysis and Forecast
   14.1 Introduction
   14.2 Middle East & Africa (MEA) Thin Section Ball Bearings Market Size Forecast by Country
      14.2.1 Saudi Arabia
      14.2.2 South Africa
      14.2.3 UAE
      14.2.4 Rest of Middle East & Africa (MEA)
   14.3 Basis Point Share (BPS) Analysis by Country
   14.4 Absolute $ Opportunity Assessment by Country
   14.5 Market Attractiveness Analysis by Country
   14.6 Middle East & Africa (MEA) Thin Section Ball Bearings Market Size Forecast By Type
      14.6.1 Open Typed
      14.6.2 Sealed Typed
      14.6.3 Shielded Typed
   14.7 Basis Point Share (BPS) Analysis By Type
   14.8 Absolute $ Opportunity Assessment By Type
   14.9 Market Attractiveness Analysis By Type
   14.10 Middle East & Africa (MEA) Thin Section Ball Bearings Market Size Forecast By Application
      14.10.1 Robotics
      14.10.2 Automation
      14.10.3 Semiconductor Equipment
      14.10.4 Aerospace and Defense
      14.10.5 Textile
      14.10.6 Others
   14.11 Basis Point Share (BPS) Analysis By Application
   14.12 Absolute $ Opportunity Assessment By Application
   14.13 Market Attractiveness Analysis By Application
   14.14 Middle East & Africa (MEA) Thin Section Ball Bearings Market Size Forecast By Sales Channel
      14.14.1 OEMs
      14.14.2 Aftermarket
   14.15 Basis Point Share (BPS) Analysis By Sales Channel
   14.16 Absolute $ Opportunity Assessment By Sales Channel
   14.17 Market Attractiveness Analysis By Sales Channel
Chapter 15 Competition Landscape
   15.1 Thin Section Ball Bearings Market: Competitive Dashboard
   15.2 Global Thin Section Ball Bearings Market: Market Share Analysis, 2019
   15.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
      15.3.1 AEC
      15.3.2 AST Bearings LLC
      15.3.3 CPM S.p.A
      15.3.4 IEC
      15.3.5 New Hampshire Ball Bearings, Inc.
      15.3.6 NSK Ltd.
      15.3.7 NTN Corporation
      15.3.8 RBC Bearings Incorporated.
      15.3.9 Schaeffler Technologies AG & Co. KG
      15.3.10 Schatz Bearing Corp.
      15.3.11 Silverthin Bearing Group
      15.3.12 SKF
      15.3.13 The Timken Company
      15.3.14 ZYZ Bearing
Key Segments Covered
By Type
  • Open Typed
  • Sealed Typed
  • Shielded Typed
By Application
  • Robotics
  • Automation
  • Semiconductor Equipment
  • Aerospace and defense
  • Textile
  • Others
By Sales Channel
  • OEMs
  • Aftermarket
By Region
  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • Italy
    • U.K.
    • Spain
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • India
    • Australia
    • South East Asia (SEA)
    • Rest of Asia Pacific (APAC)
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America (LATAM)
  • Middle East & Africa (MEA)
    • Saudi Arabia
    • South Africa
    • UAE
    • Rest of Middle East & Africa (MEA)

Key Market Players Profiled in the Report
  • AEC
  • AST Bearings LLC
  • CPM S.p.A
  • IEC
  • New Hampshire Ball Bearings, Inc.
  • NSK Ltd.
  • NTN Corporation
  • RBC Bearings Incorporated.
  • Schaeffler Technologies AG & Co. KG
  • Schatz Bearing Corp.
  • Silverthin Bearing Group
  • SKF
  • The Timken Company
  • ZYZ Bearing

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FAQ Section

Some frequently asked quetions about this report!

Additional company profiles can be provided on request.

Yes, the report covers product specific information such as specific use based on type etc.

According to this Growth Market Reports report, the market from thin section ball bearings is likely to register a CAGR of 3.0% during forecast period 2020-2027, with an anticipated valuation of USD 1,020.0 million by the end of the 2027.

In addition to market size (in USD Million) and Company Market Share (in % for base year 2019), other data such as volume forecast for year 2017 to 2027 is provided, short term and long-term outlook for thin section ball bearings market is available in final report.

Factors such as competitive strength and market positioning are key areas considered while selecting top companies to be profiled.

Growing number of industrial transformation projects in China, increasing demand for open typed bearings, and better attributes than conventional ball bearings are expected to drive the market growth during forecast period.

Robotics, automation, semiconductor equipment, aerospace and defense, and textile are the key application that are driving the thin section ball bearings market.

The market is expected to witness a decline of over 2.1% between 2019 and 2020 owing to the negative impact of COVID-19 pandemic on the thin section ball bearings market.

The base year considered for the global thin section ball bearings market report is 2019. The complete analysis period is 2017 to 2027, wherein, 2017 & 2018 are the historic years and the forecast is provided from 2020 to 2027.

Major Manufactures include AEC, AST Bearings LLC, CPM S.p.A, IEC, New Hampshire Ball Bearings, Inc., NSK Ltd., NTN Corporation, RBC Bearings Incorporated., Schaeffler Technologies AG & Co. KG, Schatz Bearing Corp., Silverthin Bearing Group, SKF, The Timken Company, and ZYZ Bearing.