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Bearing Market to Develop Rapidly by 2022
by smit123 · August 2 adidas gazelle udsalg , 2018


Global Bearing Market: Overview


Thanks to the increase in the production of vehicles, the global bearing market is likely to witness a significant rise in its valuation over the next few years. In 2013, the worldwide market stood at US$75.9 bn. Researchers predict that this market will expand at a healthy CAGR of7.70% during the period from 2014 to 2020 and reach a value of US$118.2 bn by 2020.


The growing need for energy-efficient vehicles and the rising demand for bearings in the aerospace and defense sector are expected to drive the global bearing market significantly in the near future. However, the increasing sales of counterfeit products may hamper the growth of this market to some extent over the years to come.


This research report attempts to provide a complete overview of the聽global bearing market聽on the basis of its historical and current performance. The key trends, driving forces, restraining factors www.adisneakersudsalg.com , opportunities, challenges, and growth prospects of this market have also been analyzed thoroughly in this market study.聽


Global Bearing Market: Trends and Opportunities聽


Among products available in the global bearing market, unmounted ball bearings are reporting a strong demand from end users across the world. The trend is likely to remain the same over the forecast period due to the wide-ranging application of unmounted ball bearings in hard drives, motor engines, railway coaches adidas sko udsalg danmark , automotive wheels, and various other consumer durables.


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Balls have emerged as the key component required for the production of bearings. The demand for rollers is also anticipated to increase steadily in the coming years.


In 2013, motor vehicles were the leading consumer of bearings, worldwide. Analysts expect the segment to continue to hold the leading position throughout the forecast period. The demand for automotive bearings is likely to rise substantially in the near future with the escalating production of motor vehicles across the world, benefiting the global bearing market considerably.聽


Global Bearing Market: Geographical Analysis聽


Geographically, the worldwide bearing market is classified into Asia Pacific adidas sko dame udsalg , North America, Europe, and the Rest of the World. In 2014, Asia Pacific dominated the overall market and is predicted to remain leading throughout the forecast period. The upsurge in the production of motor vehicles in Asian economies, such as China, South Korea adidas sko udsalg , Japan, and India is likely to fuel the demand for bearings in this region in the coming years.


Apart from this, the growing industrialization in Asia Pacific is also projected to contribute significantly to the growth of the bearing market in this region in the near future. The market for bearings is also expected to gain significant momentum in Europe and North America over the next few years.聽


Companies Mentioned in the Research Report


C&U Group, The Timken Co., Harbin Bearing Group, Wafangdian Bearing Co. Ltd. adidas zx 700 dame udsalg , SKF Group, NTN Corp., Asahi Seiko Co. Ltd., Brammer PLC, Schaeffler Group, ThyssenKrupp AG adidas zx 700 udsalg , RBC Bearings, Rexnord Corp., JTEKT Corp., NSK Ltd., GGB Bearing Technology, Daido Metal Co. Ltd. adidas zx 750 dame udsalg , and Danaher Corp. are some of the key participants operating in the global bearing market.聽


Key Segments of Global Bearing Market聽


By product type

Unmounted ball bearings Plain Bearings Roller Bearings Others聽聽

By Components

Balls Rollers Cages Rings Others聽聽

By End User

Motor vehicles Aerospace equipment Power transmission equipment Construction machinery Farm and garden machinery Oilfield machinery Other machinery聽

Major regions analyzed under this research report are:

Europe North America Asia Pacific Latin America Middle East and Africa

This report gives you access to decisive data such as:

Market growth drivers Factors limiting market growth Current market trends Market structure Market projections for the coming years聽

Key highlights of this report

Overview of key market forces propelling and restraining market growth Up-to-date analyses of market trends and technological improvements Pin-point analyses of market competition dynamics to offer you a competitive edge An analysis of strategies of major competitors An array of graphics and SWOT analysis of major industry segments Detailed analyses of industry trends A well-defined technological growth map with an impact-analysis Offers a clear understanding of the competitive landscape and key product segments

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