Global Bearings Market set to worth $140bn by 2022

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Bearings Market Global Industry Analysis
Report, Share, Size, Growth, Price Trends and
Forecast, 2022 Global Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
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Key Insights from Bearings Market

• The increasing focus of the developed countries
  to diminish the dependence on petroleum products
  for transportation and reduce the level of fossil
  fuels will lead to growing demand.
• Increasing requirement for high performance,
  light weight automobiles, to enhance energy
  efficiency and curtail friction-based energy loss
  is contributing towards the demand for efficient
  products.
• Ball bearings market size is expected to grow
  substantially with a CAGR of over 7.5 over the
  forecast timeline primarily due to its ability to
  decrease friction even across minor contact
  surfaces.

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Continued...

• Increasing investments to improve the railway and
  aerospace infrastructure motivated by the
  increasing rail and air traffic are forecast to
  present attractive growth opportunities to
  industry participants.
• China bearings market is anticipated to witness
  substantial growth at a CAGR of over 8 over the
  forecast period. This is due to the significant
  demand across various end-use industries such as
  automotive, electronics, and industrial
  equipment.
• The industry participants include Brammer PLC,
  Timken, NSK Global, SKF, Daido Metal Company
  Limited, Minebea Company Limited, JTEKT, NTN
  Corporation, and Schaeffler Group.

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India Bearings Market size, by application,
2012-2022 (USD Billion)

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360 Analysis

• Product Analysis
• Passenger cars use large number of bearings to
  increase energy efficiency by minimizing energy
  loss caused by friction. Several major players
  are investing in RD to develop innovative
  products.
• Regional Analysis
• Asia Pacific dominated the market in 2015 and is
  expected to grow at a CAGR of over 8 from 2015
  to 2022. Growth in the automotive and industrial
  machinery production, coupled with attractive
  China bearings market share will be responsible
  for growth across the region.
• Competitive Market Share
• Bearings market players include Timken, Brammer
  PLC, NSK Global, Daido Metal Company Limited,
  SKF, Minebea Company Limited, Schaeffler Group,
  JTEKT and NTN Corporation, among others.

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