Market Research Reports : Hexa Research Bearings Market Research 2016-2024 | Page 2

Hexa Research Fact-based market research, penetrating industry insights and validated forecasts to help you make better decisions for a stronger future Ball bearings are predicted to lead the bearings market over the forecast period (2016 2024) due to its ability to reduce friction between different machine components. Deep groove bearings are simple in design and used in radial loads. They are estimated to garner huge growth in the next six years on account of being low-maintenance. Split roller bearings are used in shafts and other hard to reach locations. Electronics, agriculture equipment & machinery, mining & construction equipment, railway & aerospace, and automotive constitute as major market applications. Demand for automotive components will trigger market demand over the next six years. Railway & aerospace sector will experience a similar growth rate on account of increasing dependency by the normal public to use these transportation modes to commute. Browse Related category Market Reports @ https://www.hexaresearch.com/research-category/automotive-and-transportationindustry Regions covered under the market are North America, Latin America, Asia Pacific, MEA (Middle East & Africa), and Europe. Asia Pacific reigned over the bearings market in 2015 owing to infrastructural projects and rapid industrialization. The market will gain major demand from Western Europe, the U.S., and Japan; due to these countries adopting the latest technologies. The market is highly competitive in nature. Timken, SKF, NTN Corporation, Schaeffler Group, and NSK Global are some of the top players operating in the bearings market. They are primarily targeting applications in which engineering and manufacturing processes give them an edge over their competition. Contact: [phone] Email : [email protected] Website: http://www.hexaresearch.com/