The analysts forecast the global bearings market to grow at a CAGR of 5.86% during the period 2017-2021.
Global Bearings Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
One trend in market is emergence of digitalization. The Internet of things(IoT) is discovering its pathway into the factory and has brought about an industrial revolution with the concept of Industry 4.0.
This technology employs highly customized products in flexible manufacturing conditions. Companies are now in mid-way to networking their machinery, warehousing systems, and equipment worldwide.
According to the report, one driver in market is soaring automotive industry in APAC. The automotive industry is the prime end-user in the global bearings market. The enduring expansion of auto industries worldwide, especially in APAC, is the major driving factor for the market growth.
Auto industries in China, Japan, South Korea, India, Australia, and Indonesia are the major patrons of bearings and are expected to drive the market in APAC during the forecast period.
- Schaeffler AG
Other prominent vendors
- Asahi Seiko
- C&U Group
- RBC Bearings
Key Topics Covered:
Part 01: Executive summary
Part 02: Scope of the report
Part 03: Research Methodology
Part 04: Introduction
Part 05: Market landscape
Part 06: Market segmentation by product
Part 07: Market segmentation by end-user
Part 08: Geographical segmentation
Part 09: Decision framework
Part 10: Drivers and challenges
Part 11: Market trends
Part 12: Vendor landscape
Part 13: Key vendor analysis
For more information about this report visit https://www.researchandmarkets.com/research/wbnc6v/global_bearings