About Hybrid Ceramic Bearings
Hybrid ceramic bearing consists of steel races and ceramic balls. It is lighter as compared to steel bearings due to the weight difference in ball. Also, it rolls faster than the steel bearings as the balls are smoother, harder, rounder and uniform in size. In some applications, these properties of bearings with ceramic balls offer functional improvements with several different area over conventional steel bearings. In addition, hybrid ceramic bearing is not as prone to sudden catastrophic failure in high speed.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 5.5% |
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that Global Manufacturers will contribute the maximum growth to Global Hybrid Ceramic Bearings market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Schaeffler (Germany), NSK (Japan), SKF (Sweden), JTEKT (Japan), NTN (Japan), Timken (United States), Boca Bearing Company (United States), Ortech Advanced Ceramics (Canada), Lily Bearing (China) and CeramicSpeed (Denmark) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are GMN Bearing (United States) and ZYS (China).
Segmentation Overview
AMA Research has segmented the market of Global Hybrid Ceramic Bearings market by Type (Silicon nitride and Zirconia), Application (Electric motors, Performance racing vehicles, Laboratory equipment and Others) and Region.
On the basis of geography, the market of Hybrid Ceramic Bearings has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Sales channel, the sub-segment i.e. Direct sales will boost the Hybrid Ceramic Bearings market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Industry vertical, the sub-segment i.e. Aerospace will boost the Hybrid Ceramic Bearings market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Popularity of Hybrid Ceramic Bearings
Market Growth Drivers:
Wide Range of Applications is Fueling the Market Growth and Advantages over Steel Bearings Such as Faster Smoother and Harder Bearings
Challenges:
Stiff Competition among the Manufacturers
Restraints:
Availability of Alternative Products
Opportunities:
Increasing Usage of Hybrid Ceramic Bearings in Industries and Growing Demand of Industrial Machinery is Boosting the Market
Market Leaders and their expansionary development strategies
In June 2023, SKF and Sinoma Nitride, an industry-leading developer and producer of silicon nitride materials and ceramic balls, have entered into a Joint Venture (JV) contract to deepen their cooperation within hybrid ceramic ball bearings. The cooperation is of strategic importance as ceramic bearings is a prioritized emerging technology in SKF's strategy.
In September 2020, TLT-Turbo GmbH, a global ventilation fans and systems manufacturer, has launched a new range of mechanical vapor recompression fans, with ceramic hybrid bearings that provide an exceptionally long operational lifespan. Integrating the latest ventilation technologies, this fan offers numerous advantages regarding performance efficiency, minimal maintenance and high reliability.
Key Target Audience
Manufacturers, Raw material suppliers, Government associations, Research organizations and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.