Bearing is an essential part of machinery which helps
09/12/2019
Bearing is an essential part of machinery which helps to reduce the friction of motion and increases the smoothness of machine. Bearings are widely use in automotive industry which helps to increase the speed of vehicle. Bearing reduces the friction between fixed and moving machine parts. However, it requires consistent maintenance to prevent early failure. The rising demand across various application sectors such as industrial, railways and aerospace sector is expected to witness a substantial growth during the forecast period.
Development of seal technologies, light weight elements in high performance bearings and lubrication technologies gives some market growth opportunities.The report covers forecast and analysis for the bearing market on a global and regional level. The study provides historic data of 2014 along with a forecast from 2014 to 2020 based on revenue (USD Billion). The report also offers detailed competitive landscape of the global bearing market. It includes company market share analysis, product portfolio of the major industry participants. The report provides detailed 608 Bearings Manufacturers segmentation of the bearing market based on product, application segment and region.
Automotive, agriculture, electrical, mining & construction, railway & aerospace and other applications are the key applications involved in the bearing market. Bearing applications in motor vehicles that is automotive held the highest revenue share in 2014. The report covers detailed competitive outlook including company profiles of the key participants operating in the global market.
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