Brazil bearings, gears and driving elements market production forecast to total R$8.5Bn by 2018

Resource from: Live-PR Likes:243

Oct 21,2014

Demand for bearings, gears and driving elements increases 47% over review period to reach R$7.9 billion in 2012, mainly due to high car sales and Brazilian government incentives. Value of imports reaches R$3.9 billion in 2012, gaining share slightly to 52%. With 34% growth over review period, local manufacturers´ turnover reaches R$4.8 million in 2012. Manufacturers´ profitability reaches 9% of turnover in 2012, decreasing by four percentage points since 2007. Exports see strong growth over 2007-2012, with the US and Argentina being Brazil´s largest trade partners. Production turnover over forecast period is expected to increase at 10% CAGR to reach R$8.5 billion in 2018.

(Live-PR)

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