Top Rated Articles

Wedding Invitations Don'ts

By Sarrah Beaumont | 5 Rating | Published 2009-07-21 18:24:23

Much is already written regarding weddin...
Read more..

Car Bodywork Paint Repair Restoration Techniques - Spray Painting

By Mario Goldstein | 5 Rating | Published 2009-07-22 21:11:32

When buying a car one of the biggest cho...
Read more..

How Do I Make My Home Insurance Company Hurry Up?

By Anthony Peck | 5 Rating | Published 2009-08-07 05:45:36

Is there anything more frustrating that ...
Read more..

Do You Really Need Car Insurance

By Warren Fets | 5 Rating | Published 2009-08-21 03:45:27

There are many advantages to having car ...
Read more..

So What Do You Really Know About Fashion?

By Benedict Smythe | 5 Rating | Published 2009-08-24 15:48:39

Fashion is extremely seductive, slightly...
Read more..

Bearings Market Size Expected To Exceed USD 110 Million By 2024 By susan hill

  in Automotive | Published 2017-09-05 12:03:28 | 1406 Reads | Unrated

Summary

Projected to grow at a CAGR of around 7%, the bearings market is to witness a significant growth over the forecast period owing to increasing use of this mechanical component for smooth and proper functioning of machineries and vehicles.

Full Content

The Bearings Market is primarily driven by process industries and their need to conserve energy. It is projected to generate more than USD 110 million in revenue by 2024. Technological advances and demand from oil & gas, automotive, and construction industries will lead to market growth. The fluctuating prices of steel pose a challenge for the market.

The worldwide market is segmented according to products, applications, and regions. Products encompass ball bearings, roller bearings, and others. Tapered and split bearings are 2 types of roller bearings. &lsquo

;Others’ consist of thrust, angular contact, and self-aligning ball bearings.

Browse Details of Report @ https://www.hexaresearch.com/research-report/global-bearing-market

Ball bearings are predicted to lead the bearings market over the forecast period (2016-2024) due to its ability to reduce friction between different machine components. Deep groove bearings are simple in design and used in radial loads. They are estimated to garner huge growth in the next six years on account of being low-maintenance. Split roller bearings are used in shafts and other hard to reach locations.

Electronics, agriculture equipment & machinery, mining & construction equipment, railway & aerospace, and automotive constitute as major market applications. Demand for automotive components will trigger market demand over the next six years. Railway & aerospace sector will experience a similar growth rate on account of increasing dependency by the normal public to use these transportation modes to commute.

Regions covered under the market are North America, Latin America, Asia Pacific, MEA (Middle East & Africa), and Europe. Asia Pacific reigned over the bearings market in 2015 owing to infrastructural projects and rapid industrialization. The market will gain major demand from Western Europe, the U.S., and Japan; due to these countries adopting the latest technologies.

The market is highly competitive in nature. Timken, SKF, NTN Corporation, Schaeffler Group, and NSK Global are some of the top players operating in the bearings market. They are primarily targeting applications in which engineering and manufacturing processes give them an edge over their competition.

Companies are also investing in technology based on recent trends like wind energy. Bearings used in wind turbines will see a development creating new avenues for the market.

Browse Related Category Market Reports @ https://www.hexaresearch.com/research-category/automotive-and-transportation-industry

About Us:

Hexa Research is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives.

Contact Us:

Ryan Shaw

Hexa Research

Felton Office Plaza

6265 Highway 9

Felton, California 95018

United States

Phone: +1-800-489-3075

Email: sales@hexaresearch.com

Website - http://www.hexaresearch.com/

21pbn

Comments

Microsoft Office Free Download :The Official release of Microsoft Office Free Download full Version.Microsoft Office 2013 Free Download Full Version with Product Key is the remarkable way to use all the premium features of MS Office 2013.

VLC Player Download For Windows 8.1 Before VLC pla :Before VLC Player Download For Windows 7 32 bit either from videolan.org or from Windows Store, take a look at its new UI for Windows 10.

Cinemabox App : The comprehensive guide on Cinemabox Apk Download for Android.cinema box app download for android. Get the latest movie streaming app to your android and ios phones and watch all the new hd movies in it.

Happy New Year 2018 Quotes :On this amazing accident you can Free Download Happy New Year 2018 Wallpapers, Images from our website page.

aptoide ios :aptoide ios Aptoide app for ios is now available for ios platform devices such as iPhone/iPad/iOS

Peptide Synthesis :Custom Peptide Synthesis, Peptide Synthesis at http://www.biosyn.com/peptide-synthesis.aspx

ABHI SONI :gameguardian download

fim :download superu pro apk

ABHI SONI :you tv player latest version

ABHI SONI :ap e pass application status

ABHI SONI :WiFiKill APK Download for Android & PC Pro App

ABHI SONI :lucky patcher ios

ABHI SONI :cinema box for pc

ABHI SONI :live TV streaming sites

ABHI SONI :samsung odin download inc

ABHI SONI :Mini Militia Pro

ABHI SONI :my boy full apk

LALAL :wwe 2k18 .apk

yify movie download :YIFY movie is the most popular torrent movie download website available for all the users around the world. yify movie download

bio synthesis :Life Science Services at Custom DNA Synthesis
DNA Synthesis
Custom RNA Synthesis
RNA Synthesis
Custom Oligo Synthesis
Cell line authentication
Solid Phase Peptide Synthesis
Cell Line Identification
stapled peptides
Bioconjugation
rna oligo synthesis
long dna synthesis

rahul :Nice blog. file extension download file extension pdf file extension tmp file extension apk file extension dat file extension rar

Ajay :Fantastic job. Best Antivirus 2018 Mozilla Firefox 2018 free download Mozilla Firefox 2018 free download Avg free download 2018 Internet explorer 11 download android 17 dragon ball super Rejuvalex reviews

Appslure WebSolution :Mobile App Development Company in India
Android App Development Company in India
iOS App Development Company in India
Hybrid App Development company in India at
http://www.appslure.com/mobile-apps-development/
Mobile app Development Company in Dubai at
http://www.appslure.online
Mobile app development company in Kuwait at
http://www.appslure.online/mobile-app-development-company-kuwait.html
Mobile App Development Company in Abu Dhabi at
http://www.appslure.online/mobile-app-development-company-abu-dhabi-uae.html
Website Development company in Delhi at
http://www.appslure.com/web-development/
Mobile app Development Company in Delhi
http://www.appslure.com/
IOS app Development Company in Gurgaon,
IOS app Development Company in Noida at
http://www.appslure.com/ios-app-development-company
Android app Development Company in Gurgaon,
Android app Development Company in Noida at
http://www.appslure.com/android-app-development-company/

Sales Fundaa :ERP Software Company, CRM Software Company, Project Management Software at https://www.salesfundaa.com/
ERP Software Providerat https://www.salesfundaa.com/Product/ERPSoftware
CRM Software Provider at https://www.salesfundaa.com/Product/CRMSoftware ERP Software in Ahmedabad at https://www.salesfundaa.com/Product/ERP-Software-In-Ahmedabad,
ERP Software in Mumbai at https://www.salesfundaa.com/Product/ERP-Software-In-Mumbai,
ERP Software in Mumbai at https://www.salesfundaa.com/Product/ERP-Software-In-Delhi,
ERP Software in Pune at https://www.salesfundaa.com/Product/ERP-Software-In-Pune,
CRM Software in Ahmedabad at https://www.salesfundaa.com/information/crm-software-in-ahmedabad,
CRM Software in Mumbai at https://www.salesfundaa.com/information/crm-software-in-mumbai,
CRM Software in Delhi at https://www.salesfundaa.com/information/crm-software-in-delhi,
CRM Software in Delhi at https://www.salesfundaa.com/information/crm-software-in-pune

Add Comment:

About the Author