Global Bearing Market 2016 Industry Analysis, Segment & Forecast Up to 2020
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Mar 07,2016
Deerfield Beach, FL -- (SBWIRE) -- 03/01/2016 -- Bearing is an essential part of machinery which helps to reduce the friction of motion and increases the smoothness of machine. Bearings are widely use in automotive industry which helps to increase the speed of vehicle. Bearing reduces the friction between fixed and moving machine parts. However, it requires consistent maintenance to prevent early failure. The desperate need for energy-efficient vehicles and the expanding demand for bearings from the defense and aerospace industry increase the importance of bearing.
Bearing market is mainly driven by growing automotive market across the world. Strong growth of automotive sector in Asia Pacific region is expected to further drive the demand for bearing market through forecast period. The rising demand across various application sectors such as industrial, railways and aerospace sector is expected to witness a substantial growth during the forecast period. Development of seal technologies, light weight elements in high performance bearings and lubrication technologies gives some market growth opportunities.
Browse the full "Bearing Market - Global Industry Perspective, Comprehensive Analysis and Forecast, 2014 – 2020 "report at http://www.syndicatemarketresearch.com/market-analysis/bearing-market.html
The report covers forecast and analysis for the bearing market on a global and regional level. The study provides historic data of 2014 along with a forecast from 2014 to 2020 based on revenue (USD Billion). The report also offers detailed competitive landscape of the global bearing market. It includes company market share analysis, product portfolio of the major industry participants. The report provides detailed segmentation of the bearing market based on product, application segment and region. On the basis of product, the global bearing market is segmented into ball bearing, plain bearing and roller bearing. The ball bearing product segment of bearing market is the fastest growing segment of bearing market through the forecast period due to its advantages like smaller surface contact and less friction.
Automotive, agriculture, electrical, mining & construction, railway & aerospace and other applications are the key applications involved in the bearing market. Bearing applications in motor vehicles that is automotive held the highest revenue share in 2014. Major regional segments analyzed in this study include North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. This report also provides further bifurcation of region on the country level. Major countries analyzed in this reports are U.S., Germany, France, UK, China, Japan, India, and Brazil. Asia Pacific was the dominating region in the global market of bearing in 2014 due to booming automobile industry in this region. Asia Pacific is followed by Europe and North America.
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The report covers detailed competitive outlook including company profiles of the key participants operating in the global market. Key players profiled in the report include Wafangdian Bearing Co. Ltd, Rexnord Corporation, NTN Corporation, C&U Group, The Timken Company Brammer PLC, Schaeffler Group, SKF Group, JTEKT Corporation, and The Timken Company NSK Ltd.
This report segments the global bearing market as follows:
Global Bearing Market: Product Segment Analysis
-Ball bearing
-Plain bearing
-Roller bearing
Global Bearing Market: Application Segment Analysis
-Automotive
-Agriculture
-Electrical
-Mining & Construction
-Railway & Aerospace
-Others
Global Bearing Market: Regional Segment Analysis
-North America
oU.S.
-Europe
oUK
oFrance
oGermany
-Asia Pacific
oChina
oJapan
oIndia
-Latin America
oBrazil
-Middle East & Africa
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1.The news above mentioned with detailed source are from internet.We are trying our best to assure they are accurate ,timely and safe so as to let bearing users and sellers read more related info.However, it doesn't mean we agree with any point of view referred in above contents and we are not responsible for the authenticity. If you want to publish the news,please note the source and you will be legally responsible for the news published.
2.All news edited and translated by us are specially noted the source"CBCC".
3.For investors,please be cautious for all news.We don't bear any damage brought by late and inaccurate news.
4.If the news we published involves copyright of yours,just let us know.
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BRIEF INTRODUCTION
Cnbearing is the No.1 bearing inquiry system and information service in China, dedicated to helping all bearing users and sellers throughout the world.
Cnbearing is supported by China National Bearing Industry Association, whose operation online is charged by China Bearing Unisun Tech. Co., Ltd.
China Bearing Unisun Tech. Co., Ltd owns all the rights. Since 2000, over 3,000 companies have been registered and enjoyed the company' s complete skillful service, which ranking many aspects in bearing industry at home and abroad with the most authority practical devices in China.
