Heavy machinery and industrial sectors dominate growth in bearing use.The global construction market would expand from $8.5 trillion now to $10.9 trillion by 2020. Emerging markets such as Qatar and the United Arab Emirates could surpass the Asia-Pacific region as a growth leader. China no longer has the same level of infrastructural needs it once did, and a slight economic downturn is cooling growth (though bearing sales there will follow an upward trajectory through 2020). India, Iran, Turkey and Indonesia show increased use of bearings if on a smaller scale.
Thereâ€™s a trend in bearing technology towards industry-specific solutions. For example, aerospace and defense relies heavily on customizedÂ bearings. These bearings boost energy efficiency and provide feedback to ensure safety in systems with no margin for error. Analysts see global defense spending increases for the next few years, increasing demand for specific bearings.