Bearing Market Size:Global

The global bearings market size was valued at USD 81.6 billion in 2015 and is  growing at CAGR @7.8%, owing to the increasing industrial machinery manufacturing. Furthermore, the increasing application of high capacity bearings in steel to cement industry is anticipated to drive demand over the next years. The thrust is now on developing/improving  bearings to enhance functional  reliability & performance, reduce lubricant consumption, and reduce  energy.

Technological advances in lubrication technology, seal technologies, and the use of lightweight materials in high-performance bearings  are creating huge opportunities for companies operating in the market.

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