Press release
Global Bearings Market to grow at a CAGR of 5.86% Till Year 2021
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Bearings are used in a wide range of applications in automobiles, airplanes, computers, construction equipment, machine tools, DVD players, refrigerators, and ceiling fans. Any machine that twists, turns, or moves needs bearings to smoothen the movements. Bearings are highly engineered, precision-made components that allow the rotating machines to move at extremely high speeds and carry a significant number of loads with less frictional loss.
Technavios analysts forecast the global bearings market to grow at a CAGR of 5.86% during the period 2017-2021.
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Covered in this report
The report covers the present scenario and the growth prospects of the global bearings market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Americas
APAC
EMEA
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Technavio's report, Global Bearings Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
SKF
Schaeffler AG
Timken
NSK
NTN
Other prominent vendors
Asahi Seiko
C&U Group
JTEKT
LYC
Nachi
RBC Bearings
ZWZ Bearings
Market driver
Soaring automotive industry in APAC.
For a full, detailed list, view our report
Market challenge
Volatility in raw material prices.
For a full, detailed list, view our report
Market trend
Emergence of digitalization.
For a full, detailed list, view our report
Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
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