According to the ISO (International Organization for Standardization) and ABEC (Annular Bearing Engineering Committee), precision bearings fall under the class ABEC 5 and ISO 5. Further, ABEC 7 & ABEC 9 bearings and ISO class 4 & ISO class 2 bearings are super-precision bearings. These bearings provide high running accuracy, high-speed performance, and high system rigidity with minimum noise and heat generation for machine tools and other precision applications. It is widely used in automobiles, aircraft, textile machinery, rolling mills, racing cars, etc. Manufacturers of super precision bearings offer chromium steel as well as stainless steel bearings that provide longer service life. They also provide hybrid bearings with ceramic rolling elements for high-speed applications.

Aircraft operations are becoming increasingly dependent on high precision systems. Many countries are engaged in boosting the production of new aircraft, which require the use of super precision bearings. Thus, the growing reliance on super precision bearings for efficient working of aircraft is driving the super precision bearing market growth. In addition, manufacturers are investing in the production of super precision bearings. Manufacturers such as SKF are expanding the production facility with an investment of US$ 42.70 million to boost the production of super precision bearings. Further, SMEs are introducing robotics technology for the efficient operations of their production units. Robotic technology requires high precision systems to work in compact spaces. Hence, rising investment in production facilities and growing adoption of robotics technology by SMEs will propel the growth of the super precision bearing market in the coming years.

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The super precision bearing market is segmented into five major regions โ€“ North America, Europe, Asia Pacific, the Middle East & Africa, and South & Central America. Asia Pacific led the market in 2020. The market growth in the region is mainly driven by the companiesโ€™ increasing investments in manufacturing sector and growing need for workplace safety in industrial applications.

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