The Global Bearing Market To Reach US$ 136 Billion By 2022 - Erie News Now | WICU & WSEE in Erie, PA

The Global Bearing Market To Reach US$ 136 Billion By 2022

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The global bearing market is expected to reach US$ 136 billion by 2022, registering a compound annual growth rate (CAGR) of 7.5% during the forecast period. The increasing vehicle production globally and rising requirement in the aerospace & defense industry are mainly driving the bearing market. The functionalities and applications of the bearing are developing continuously with technological advancements in several business verticals such as oil & gas, construction, and automotive. However, the rising counterfeit products and reduction in the after sales market are expected to hamper the growth of the market.

In this report, the global bearing market is segmented by product, component,end user, and region. On the basis of product, the market is segmented into roller bearing, plain bearing, unmounted ball bearings, and others. The market on the basis ofcomponentis segmented into rings, cages, rollers, balls, and others. On the basis of end user, the market is segmented intooilfield machinery, farm and garden machinery, construction machinery, power transmission equipment, aerospace equipment, motor vehicles, and other machinery.

A glimpse of the report structure is provided in the report description available on the website.

https://www.marketresearchengine.com/reportdetails/bearing-market-report

The global bearing market is segmented on the basis of key regions, namely, North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Furthermore, each region is segmented to provide market revenue for select countries such as the U.S., Canada, the U.K., Germany, China, Japan, India, Russia, and Brazil.The report includes a detailed study of global and regional bearing market and analyzes the variations in the growth of the industry in certain regions.

C&U Group, The Timken Co., Harbin Bearing Group, Wafangdian Bearing Co. Ltd., SKF Group, NTN Corp., Asahi Seiko Co. Ltd., Brammer PLC, Schaeffler Group, ThyssenKrupp AG, RBC Bearings, Rexnord Corp., JTEKT Corp., NSK Ltd., GGB Bearing Technology, Daido Metal Co. Ltd., and Danaher Corp. are the most active players in the bearing market.

This report covers the bearing market, in terms of value, and forecaststhe market size till 2022. It includes the market segmentation by product, component, end user, and region. In addition, the report identifies key growth segments and opportunities in the industry. This report also covers detailed competitive outlook including the share and company profiles of the key players in the global market. Company profile includes company summary, financial summary, business strategy and planning, SWOT analysis, and current developments.

The report provides global market trends, with data from 2013, estimates for 2014 and 2015, and projections of CAGRs through 2022. This deep-dive study on the bearing market will help customers identify new market opportunities and targeted promotional plans.

 

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Source: http://www.financeswire.com/the-global-bearing-market-to-reach-us-136-billion-by-2022

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