QYResearch: The Mexico market for Bearings is expected to reach about 602.39 million USD by 2022

QYResearch: The Mexico market for Bearings is expected to reach about 602.39 million USD by 2022 More Info: http://www.qyresearchglobal.com/goods-886043.html

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QYResearch • A bearing is a machine element that constrains relative motion to only the desired motion, and reduces friction between moving parts. The design of the bearing provides for free linear movement of the moving part or for free rotation around a fixed axis; or, it prevents a motion by controlling the vectors of normal forces that bear on the moving parts.

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QYResearch • First, for industry structure analysis, the Bearings industry is relatively concentrated. These manufacturers range from large multinational corporations to small privately owned companies compete in this industry. The top five producers account for about 46 % of the revenue market. • Second, the revenue of Bearings increased from 349.47 million dollars in 2012 to 425.88 million dollars in 2016 with an average growth rate of 5.08%. • Third, according to QYResearch, ball bearings occupied 66.71% of the revenue market in 2016, while roller bearings accounts for around 33.29% of the total industry. As for application field, Automotive Industry and Industrial Machine are the largest two application fields which account for 45.23% and 31.46% respectively. Aerospace industry is smaller with 10.54% in 2016 and other application accounts for about 12.77% of the market.

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QYResearch Fourth, for price trend analysis, a key variable in the performance of Bearings producers is raw material costs, specifically the speed at which any increase can be passed through to customers.

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QYResearch Fifth, for forecast, the Mexico Bearings revenue would keep increasing with annual growth rate with 5~7%. QYR tend to believe that this industry still has a good future, considering the current demand of Bearings.

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