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Global bearings market expected to reach $143.53 Billion by 2027. EV, passenger car & commercial vehicle segment is anticipated to be the fastest growing.
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Bearing Market Bearing Market by Type (Ball Bearing and Tapered Bearing), Size (30 to 40, 41 to 50, 51 to 60, 61 to 70 and 70 & above), Distribution Channel (Original Equipment Manufacturers (OEMs) and Aftermarket), Machine Type (ICE Vehicles, Electric Vehicles, Industrial Machinery and Aerospace Machinery), End Use (Automotive, Industrial and Aerospace) and Group (Group 1, Group 2 and Group 3): Global Opportunity Analysis and Industry Forecast, 2020– 2027 Request Customization
Bearing Market The global bearing market was valued at $107.46 billion in 2019, and is projected to reach $143.53 billion by 2027, registering a CAGR of 6.1%. Bearing is a type of machine element that is used to support relative motion and helps to reduce friction that is caused between moving parts. Bearing finds its applications in various industries such as automobile, wind turbines, construction & mining machinery, agricultural equipment, machine tools, and others. Connect Analyst
Bearing Market Key Benefits For Stakeholders • This study presents the analytical depiction of the global bearing market analysis along with the current trends and future estimations to depict imminent investment pockets. • The overall bearing market opportunity is determined by understanding profitable trends to gain a stronger foothold. • The report presents information related to the key drivers, restraints, and opportunities of the global bearing market with a detailed impact analysis. • The current bearing market is quantitatively analyzed from 2019 to 2027 to benchmark the financial competency. • Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the industry. Purchase Enquiry
Bearing Market Major Companies: NSK Ltd. Schaeffler AG NTN Corporation, SKF Iljin Bearing RKB Bearing JTEKT Corporation Timken Wafangdian Bearing Co.Ltd. THK Co. Ltd. Request Customization [ "COVID-19 impact" ]
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