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Bearings Market Overview, Competitive Strategies and Forecast, 2016 to 2024

Bysusan hill

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. It is a major product for industries with heavy machineries and automotive sector. Technological innovations coupled with R&D initiatives in this sector are to fuel the market growth over next eight years. Bearings provide for relative motion of the machinery with low friction and no wear & tear thereby improving energy efficiency is anticipated to boost the bearings market over the forecast period. Recent advancements in seal technologies and light-weight materials are to drive the market growth in the near future.

Details

Publication Date
May 7, 2018
Language
English
Category
Business & Economics
Copyright
All Rights Reserved - Standard Copyright License
Contributors
By (author): susan hill

Specifications

Format
PDF

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