According to the latest report by IMARC Group, titled “Europe Ceramic Roller Bearings Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” The Europe ceramic roller bearings market is expected to continue its strong growth during the forecast period (2021-2026).
Ceramic roller bearings are generally made from silicon nitride (Si3N4), silicon carbide (SiC), zirconium oxide (ZrO2) and aluminum oxide (Al2O3). They are commonly embedded with balls, retainers, a snap ring, and an inner and outer ring. They are widely utilized in the manufacturing of electric motors, laboratory equipment, racing vehicles and aircraft as they require minimal lubrication and can withstand extreme temperatures.
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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Market Trends:
The market in Europe is primarily driven by significant growth in the automotive sector. Continual product innovations in the sector have led to the widespread adoption of lightweight materials, including ceramic roller bearings, in the manufacturing of numerous automobile components, which is positively influencing the market growth. Moreover, the increasing usage of ceramic roller bearings in the production of rail and marine components due to their excellent corrosion and electrical resistivity is providing an impetus to the market growth. Some of the other factors contributing to the market growth across the region include extensive research and development (R&D) activities conducted by key players to launch bearings with advanced materials, such as chrome and plastics.
Breakup by Type:
- Silicon Nitride
- Zirconium Oxide
- Others
Breakup by Product Type:
- Hybrid Ceramic Roller Bearings
- Full Ceramic Roller Bearings
Breakup by Application:
- Automotive and Railways
- Industrial and Mechanical Equipment
- Power Generation
- Aerospace
- Others
Breakup by Country:
- Germany
- France
- United Kingdom
- Italy
- Spain
- Others
Competitive Landscape:
The report has also analysed the competitive landscape of the market along with the profiles of the key players.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
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