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The global ball bearing market reached a value of US$ 37.8 Billion in 2020. A ball bearing, also known as an anti-friction component, is a type of rolling element which has two ring-like tracks with small, freely rotating metal balls between them. These metal balls provide a smooth and low friction motion by supporting both axial and radial loads. Ball bearings are easy to maintain and are durable in operations due to their simple design. They also help in supporting weight, facilitating efficient transmission of power, and ensuring proper alignment of movable components. Owing to these properties, ball bearings are extensively used for high-speed and rotatory applications in numerous industries.