Steel Ball Market Report 2025

The steel ball market size has grown strongly in recent years. It will grow from $3.95 billion in 2024 to $4.22 billion in 2025 at a compound annual growth rate (CAGR) of 6.7%. The growth during the historic period was driven by rising demand from industrial applications, a greater focus on operational efficiency, increased usage in the automotive sector, expansion of manufacturing capacities, and growing adoption in heavy machinery.

The steel ball market size is expected to see strong growth in the next few years. It will grow to $5.39 billion in 2029 at a compound annual growth rate (CAGR) of 6.3%. The growth in the forecast period is expected to be driven by an increasing need for precision components, rising demand for high-performance materials, growing investments in automation, expanding applications in renewable energy, and ongoing infrastructure development projects. Key trends during this period include advancements in manufacturing technologies, innovations in product design, increased research and development investments, development of eco-friendly alternatives, and progress in automation-driven production processes.

The rising demand in the cement industry is expected to drive growth in the steel ball market. Cement, a key binding material in construction and infrastructure, is seeing increased demand due to urbanization and large-scale construction projects. Steel balls support the cement industry by providing efficient grinding and crushing of raw materials in mills, producing fine cement powder while reducing energy consumption and improving overall production efficiency. For instance, in January 2023, the US Geological Survey reported that cement production in the U.S. reached 95 million tons in 2022, up from 93 million tons in 2021.

The surge in electric vehicle (EV) production is also contributing to the steel ball market’s growth. EV adoption is rising due to environmental concerns, energy efficiency, and emission reduction goals. Steel balls serve as precision components in EV motors, bearings, and drivetrains, enhancing performance, reducing friction, and increasing the longevity of critical parts. For example, the International Energy Agency reported that electric car sales reached 3.5 million in 2023, a 35% increase over 2022.

Companies in the market are developing advanced steel ball solutions to enhance durability and efficiency. Steel ball valves, used to regulate liquid or gas flow in pipelines, are increasingly designed for precision and long-lasting performance. For instance, in June 2024, BLÜCHER GmbH launched a stainless-steel (316/CF8M) ball valve suitable for vacuum and gravity-based systems, improving operational efficiency and reducing installation errors.

Major players in the steel ball market are SKF Group, GMS Ball, Dong'e Shandong Steel Ball Group Company Limited, Hartford Technologies Inc., Amatsuji Steel Ball Manufacturing Company Limited, Sunrise Steel Ball Company Limited, RGPBALLS Società a Responsabilità Limitata, Global Precision Ball & Roller Inc., CCR Products LLC, Kwality Ball Private Limited, Changzhou Huari Steel Ball Company Limited, Spherical Precision Inc., United States Ball Corporation, STR Industries Incorporated, Atlas Ball & Bearing Company Limited, CIC Ball Company, METALBALL S.A.S., Vikman Steel Ball Industries Private Limited, Preciball S.A., Abbott Ball Company Inc.

Asia-Pacific was the largest region in the steel ball market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in steel ball report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the steel ball market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

The steep increase in U.S. tariffs and the triggered trade tensions in spring 2025 are profoundly impacting the metal and minerals sector by disrupting supply chains for automakers, appliance manufacturers, and infrastructure projects. Domestic mills have raised prices in response to reduced import competition, but capacity constraints limit their ability to meet demand. Mining firms, meanwhile, grapple with retaliatory tariffs on mineral exports, particularly lithium and rare earths. Industry players are investing in scrap metal recycling, lobbying for exemptions, and forming joint ventures with overseas producers to secure stable supply.

A steel ball is a solid, perfectly spherical component made from specially treated steel, prized for its hardness, stability, and ability to withstand pressure while maintaining uniform size and shape for consistent mechanical performance. It plays a vital role in various engineering systems by ensuring smooth motion, reducing wear on moving parts, and supporting reliable, long-lasting operation in equipment ranging from automobiles to heavy machinery.

The main types of steel balls include chrome steel, stainless steel, carbon steel, and others. A chrome steel ball is a hardened spherical element made from chromium-alloyed steel, valued for its strength, durability, and wear resistance in multiple industrial applications. These balls are distributed through direct sales, distributors or wholesalers, online retail, and other channels, serving end users across automotive, industrial, aerospace, mining, and other sectors.

The steel ball market research report is one of a series of new reports that provides steel ball market statistics, including steel ball industry global market size, regional shares, competitors with a steel ball market share, detailed steel ball market segments, market trends and opportunities, and any further data you may need to thrive in the steel ball industry. This steel ball market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The steel ball market consists of sales of bearing balls, grinding balls, valve balls, and precision steel spheres. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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