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Bearing Market 2019
Bearing Market 2019 is latest research report by MarketResearchFuture, the global Bearing
market is expected to Register High Growth Rate during 2019 To 2023. Report analyzes Bearing
Market Key Companies with Size, Share, Trends analysis, and Key Country Forecast to 2023.
Bearing Market Information is segmented by Product (Plain Bearings, Ball Bearings, Roller
Bearings and others), by Application (Automotive, Electronics, Aerospace, Construction and
others) and By Region - Global Forecast to 2022
The Key Players of Bearing Market Are:
NTN Corporation (Japan), Svenska Kullagerfabriken AB (Sweden), Schaeffler Group (Germany),
NSK Ltd. (Japan), The Timken Company (U.S.), JTEKT Corporation (Japan), Robert Bosch GmbH
(Japan), The Danaher Corporation (U.S.), GKN plc.(U.K.) Minebea Mitsumi, Inc. (Japan) and
others.
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Market Scenario
Bearings are used in the automotive and other machinery to constraint the relative motion to
the motion desired and reduce friction between the moving parts of the machinery. All
bearings provide some common type of motions such as door motion, linear motion, spherical
rotation and shaft rotation. The global bearing market is expected to be driven by the increase
in manufacturing of durable goods.
Segmentation:
On the basis of product type, the ball bearing is dominating the bearing market with the
increase in investments across railway & aerospace sectors. The increase in air traffic reflects
that there is substantial increase in the demand of commercial aircrafts, which is driving the
sales of the bearing market in the forecast period.
On the basis of application, automotive segment has the largest market share in the bearing
market. The implementation of technologically advanced solutions in the automotive sector is
driving the bearing market. The anti-lock braking system used in automobiles is further driving
the growth of bearing market.
Regional Analysis of Bearing Market