The Future of Bearings: Emerging Trends and Opportunities for Growth

According to a recent report published by Allied Market Research, titled, “Bearing Market by Type, Size, Distribution Channel, Machine Type, End Use and Group: Global Opportunity Analysis and Industry Forecast, 2020–2027,” the global bearing market was valued at $107.46 billion in 2019, and is projected to reach $143.53 billion by 2027, registering a CAGR of 6.1% …

Bearing Market Overview, Growth Opportunities, Market Demands, Industry Analysis & Forecast to 2027

Drivers, restraints, and opportunities Increase in utilization of bearing in railway, rolling mills, and electric vehicles, surge in utilization of bearing in motor, and surge in demand for automotive electrification and continuously variable transmission drive the growth of the global bearing market. However, rise in vehicle electrification, fluctuating raw material prices, and high maintenance cost …