Bearings Market Is Anticipated To Reach USD 172.2 Billion By 2025: Grand View Research, Inc.
“The global bearings market size was valued at USD 81.6 billion in 2015. The market is anticipated to witness a healthy growth, ascribed to achieve energy efficiency coupled with high demand across the automotive sector.�
The global Bearings Market is expected to reach USD 172.2 billion by 2025, according to a new report by Grand View Research, Inc. The market is anticipated to witness a healthy growth, ascribed to achieve energy efficiency coupled with high demand across the automotive sector. The increasing demand for commercial vehicles is anticipated to propel demand across the automotive sector over the coming years. Bearings are necessary in nearly all applications that involve motion, so all industries, ranging from household appliances, automobiles, and industrial machinery to aerospace, using machinery or related motor-driven linkages use bearings. Access Full Research Report on Global Bearings Market: http://www.grandviewresearch.com/industry-analysis/bearings-market The global bearings market is mature with a dynamic market demand closely related to the state of engineering industries and capital goods. Manufacturers in the bearings industry invest in R&D to address the rising competition by offering innovative products.
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