1 / 9

Bearings Market is Anticipated to Rise with Rapid Growth

The adoption of bearings has increased at a significant rate. This is attributed to the upsurge in adoption of bearings in heavy machineries and automotive. Heavy industry machinery includes equipment used for mining, infrastructure development, and construction. Therefore, increased investments in heavy machinery activities have fueled the growth of the bearings industry. Furthermore, the demand for ball bearings is expected to increase during the forecast period, as heavy industry machineries use a wide range of high-performance bearings to bear heavy loads and reduce energy consumption.

alliedmarketresearch
Download Presentation

Bearings Market is Anticipated to Rise with Rapid Growth

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Opportunity Analysis and Industry Forecast, 2016-2023 Bearings Market Global Opportunity Analysis and Industry Forecast, 2014-2022

  2. Introduction • It is estimated to be valued at $140,792 million in 2022, registering a CAGR of 7.5% during the forecast period • Bearings, also referred to as anti-friction components, are modules that reduce resistance and improve the mobility of components • Increase in the use of bearings in heavy machinery, the rise in demand for application-specific bearings, the emergence of sensor bearing units, the surge in prices of steel, growth in the use of counterfeit products, and increase in production of motor vehicles in the emerging nations • Technical developments and innovations drive the growth of the bearings market, globally • Asia-Pacific dominated the global bearings market size in 2014. Moreover, the segment is projected to continue its dominance throughout the forecast period

  3. Key Factors of the Market • Increase in use of bearings in heavy machinery • High demand for application specific bearings • Emergence of sensor bearing units • Increase in price of steel • Increasing use of counterfeit products • Surge in production of motor vehicles in emerging nation

  4. Get PDF Brochure of this Insight @ https://www.alliedmarketresearch.com/request-sample/2139

  5. Key Benefits of the Market • The ball bearings segment dominated the bearing type market in 2014, and is expected to grow at a CAGR of 6.4% during the forecast period • Among outer diameter, the 23mm-32mm outer diameter is projected to create significant growth opportunities for prominent players operating in the global bearings market • Asia-Pacific dominated the global bearings market size in 2014. Moreover, the segment is projected to continue its dominance throughout the forecast period • The U.S. was leading in terms of spending on bearings in 2014. In addition, India, China, and other emerging markets are projected to provide significant opportunities for major players operating in the market

  6. Market Segmentation

  7. Key Players of the Market • C&U Group • Federal Moghul Holding Corporation • JTEKT Corporation • NKE AUSTRIA GmbH • NSK Ltd. • NTN Corporation • Schaeffler AG • SKF AB • THK Company • TIMKEN Company • For purchase enquiry, visit @ https://www.alliedmarketresearch.com/purchase-enquiry/2139

  8. Contact Allied Market Research About Allied Market Research: Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions". AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain. Contact Us: 5933 NE Win Sivers Drive, #205, Portland, OR 97220, United States. Int'l: +1-503-894-6022 Toll Free: +1-800-792-5285 Fax: +1-800-792-5285

  9. Thank You! For More Details Visit us at https://www.alliedmarketresearch.com/cloud-identity-access-management-market Follow Us On:

More Related