Bearing Market Product Segment, Demand and Future Projection till 2022
Global Bearing Market is anticipated to grow at a significant CAGR in the upcoming period as the scope, product types, and its applications are increasing across the globe. Bearings, also known as u201canti-friction componentsu201d, are modules that decrease resistance and drive the mobility of components. The factors that propel the growth of the market include increasing demand, rapid urbanization & industrialization, product development & technological innovations, increase in the use of bearings in heavy machinery, the increase in demand for application-specific bearings, the emergence of sensor bearing units, surge in production of motor vehicles in the developing countries. On the other hand, there are factors that may hamper the growth of the market including as fluctuating prices of raw materials.
★
★
★
★
★
52 views • 4 slides
