A traction drive spindle device includes an input shaft connectable to a drive main shaft for rotation therewith. A hollow holder shaft is connected to an output end of the input shaft in coaxial relation thereto, the hollow holder shaft having a plurality of planetary rollers mounted thereon intermediate opposite ends of the holder shaft. A high-speed spindle is rotatably received in a bore of the hollow holder shaft, the high-speed spindle having an inner end portion which is received in the bore and serves as a sun shaft disposed in rolling contact with the planetary rollers. A housing is mounted on the outer periphery of the holder shaft through a first ball-and-roller bearing so as to be rotatable relative to the holder shaft, the housing having a fixed ring fixed to an inner periphery thereof. The planetary rollers are disposed in rolling contact with the fixed ring. A second ball-and-roller bearing is interposed between the holder shaft and the high-speed spindle. Only the balls and both the balls and the rollers of the second ball-and-roller bearing are made of ceramics.