MINIATURE BALL BEARINGS MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Key Developments

• In March 2023, NSK Ltd., a leading global manufacturer of bearings and automotive components headquartered in Tokyo, Japan, announced that it is expanding its lineup of electrical erosion-resistant bearings for eAxles. This expansion aims to enhance the reliability and performance of electric vehicles (EVs) and hybrid vehicles by providing bearings that can withstand electrical erosion, contributing to improved vehicle range and efficiency.
• In April 2021, NSK Ltd. developed a third-generation ultra-high speed ball bearing designed for use in electric vehicle (EV) motors. This innovative bearing is capable of operating at around 1.8 million dmN, making it the world's fastest grease-lubricated deep groove ball bearing for automotive applications. This technology enhances the EV performance by enabling longer vehicle ranges and improved fuel efficiency. The introduction of this advanced bearing is expected to drive growth in the miniature ball bearing market, driven by the rapid expansion of the electric vehicle industry.
• In March 2021, SCHNEEBERGER Inc., a leading global provider of high-precision linear technology and motion systems, announced the availability of its new SFERAX Type H.L. vertical ball bearings. These bearings are engineered to offer premium performance at a reasonable price, reflecting SCHNEEBERGER's commitment to delivering advanced, reliable solutions for demanding industries such as machine tools, solar technology, and medical engineering.
• In January 2021, New Hampshire Ball Bearings, Inc. (NHBB), a specialized manufacturer of customized bearing solutions for the aerospace, defense, and medical markets, announced that it would be celebrating its 75th anniversary in 2021. Founded in 1946 in Peterborough, New Hampshire, NHBB has grown from a small workshop producing miniature ball bearings to a global supplier of high-precision bearings for various high-performance applications.