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Showing posts with the label precision ball bearings market

Precision Ball Bearings Market - Forecast(2021 - 2026)

Precision Ball Bearings market size was valued at $11.56 billion in 2019 and it is estimated to grow at a CAGR of 5.28% during forecast period 2020-2025. Increasing industrial machinery and automation technologies need precision ball bearings for better performance and work output. In addition to these, increasing vehicle production and symmetry nature of angular contact bearings attract end users thereby creating further opportunities for precision ball bearing industry during the forecast period.  Key Takeaways North America dominates the Precision Ball Bearings market in 2019 owing to high investments and adoption of advanced technologies which set to drive the market in this region.  Adoption of angular contact type bearings increase the demand for precision ball bearings due to increased adoption in high speed applications. High usage of silicon nitride for the manufacturing of bearings has been delivering high heat resistance and the adoption of this ceramic bearings is...