Global Jewel Bearing Market size was valued US$ XX Mn. in 2019 and is expected to reach US$ XX Mn. by 2027, at a 6.17%% CAGR of around during a forecast period. Jewel bearing largely help to reduce the mechanical friction between the moving components.

Global Jewel Bearing Market
Global Jewel Bearing Market

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A jewel bearing is typically made from ruby, sapphire and zirconia. Jewel bearings can simply handle loads over 500g henceforth, these are used in small load applications. Jewel bearings are also used in precision instruments where long life, low friction, and dimensional accuracy are important.

Global Jewel Bearing Market dynamics are thoroughly studied and explained in the MMR report, which helps to understand emerging market trends, drivers, restraints, opportunities, and challenges at the global and regional level for the jewel bearing market. The jewel bearing is commonly used in a wide variety of industrial applications thanks to the high polish level and good temperature stability of jewel bearing. Jewel bearings are active in mechanical watch mechanisms thanks to various desirable properties of these bearings and jewels. Jewels in the jewel bearings provide high machinability and high dimensional precision and tolerance which is increasing the overall life of the system.

The global market for jewel bearings is largely driven by development in the watchmaking industry. The watchmaking industry is expected to grow in Germany, Japan, France and the U.S. during the forecast period. However, lack of skilled labor and high cost of material & process are the major factors hindering the market growth.

By application, the watches segment dominated the jewel bearings market during the forecast period, accounting for a share of XX.20%. The major use of jewel bearings is in mechanical watches, where their low and predictable resistance improves watch accuracy also improving bearing life. Switzerland is the largest exporter of watches in the globe in terms of value, followed by Hong Kong and China. In 2015 nearby 59,000 people in Switzerland were employed in watch industry r which generates ~1.5% of the country’s gross domestic product.

Global Jewel Bearing Market1

Based on bearing type, V-bearings segment was valued US$ XX Mn. in 2019 and is expected to reach US$ XX Mn. by 2027 at a CAGR of XX.33% over the forecast period. V-bearings are well suited to sensitive instruments where the moving element is light. V-bearings offers minimum friction when used with conical, small radiuses pivots and permit slight lateral movement. Likewise, the MMR report will provide an accurate prediction of the contribution of the various segments to the growth of the jewel bearings market size.

Europe commanded the largest market share in 2019, with a market value of US$ XX.34 Mn. thanks to wide usage of jewel bearings in the watchmaking industry. Sustainable economic growth and increased investment are the major factors which will drive the European market for jewel bearing. In 2019, Germany is the leader of the European jewel bearings market owing to the manufacture of precise measuring equipment, flow meters and gyroscopes in the country. Jewel bearings in Germany have been primarily dominated by the bearing type which commanded a major share of XX% in the overall revenues of the Jewel bearings in 2019.

The jewel bearings industry in Switzerland has witnessed phenomenal growth over the past seven years & has occupied a place of prominence in the European economy. Switzerland is the main user of jewel bearings, led by the presence of the growing watchmaking industry. In 2019, Switzerland continued to rank top by value, at US$ 21.8 billion. It recorded a growth of 2.4% in local currency compared with 2018.

Global Jewel Bearing Market2

The research study includes the profiles of leading companies operating in the global jewel bearings market. Such as, Swiss Jewel Company has been a leading jewel bearing manufacturer of sapphire bearings for over ninety years. The company provides a wide range of components for Mechanical and Optical markets from R&D to full-scale volume production.

The objective of the report is to present a comprehensive analysis of the Global Jewel Bearing Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding Global Jewel Bearing Market dynamics, structure by analyzing the market segments and projects the Global Jewel Bearing Market size. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Jewel Bearing Market make the report investor’s guide.

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Scope of the Global Jewel Bearing Market: Inquire before buying

Global Jewel Bearing Market, By Bearing Type

• Cup bearings
• V-bearings
• Glass V-bearings
• Others
Global Jewel Bearing Market, By Usage of Jewel

• Sapphire
• Ruby
• Zirconia
• Other
Global Jewel Bearing Market, By Application

• Watches
• Precision measuring instruments & meters
• Gyroscopes
• Other Applications
Global Jewel Bearing Market, by Region

• Asia Pacific
• North America
• Europe
• Latin America
• Middle East Africa
Key players operating in the Global Jewel Bearing Market

• Swiss Jewel Company
• Bird Precision
• Boca
• Boen M & E Co., Ltd (Dalian)
• Imetra
• Industrial Jewels Pvt. Ltd.
• J&J precision parts co., ltd
• Materion Corporation
• Microlap Technologies, Inc.
• Moser Jewel Company, Inc.
• Namiki Precision Jewel Co., Ltd.
• Suzhou Crystal Gem Co.,Ltd
• Suzhou Hean Jewel Bearing Co.,Ltd.
• Yantai Xinxing jewel crystal element Co Ltd
• Zaozhuang Ruizhong Gem Crystal Material Co,ltd.

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