Bearing Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 – 2020

Transparency Market

Research

Bearing Market - Global Industry Analysis, Size, Share,

Growth, Trends and Forecast 2014 – 2020

Published Date

2014-10-14

112 Page Report

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Press Release

Bearing Market to Reach US$118.21 by 2020 Due to Rising

Demand from Defense and Aerospace Industries

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Bearing Market

REPORT DESCRIPTION

Bearing Market - Global Industry Analysis, Size, Share, Growth, Trends and

Forecast 2014 – 2020

U.S.-based market research and intelligence firm Transparency Market Research has recently announced

the publication of a new market research report. The research report is titled “Bearing Market - Global

Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020”. According to the research report,

in 2013, the global bearing market stood at US$75.91 billion and is projected to touch US$118.21 billion by

the end of 2020, growing progressively at a 7.7% CAGR between 2014 and 2020.The increasing production

of vehicles across the globe, need for energy efficiency, and the rising demand for bearings from the

aerospace and defense industries are some of the factors boosting the demand for bearings in the forecast

period. However, rise in counterfeit products is one of the restraints expected to hamper the growth of this

market in the near future.

Browse the full Bearing Market report at

http://www.transparencymarketresearch.com/bearing-market.html

The research report has segmented the global bearing market on the basis of products, which are roller

bearings, plain bearings, unmounted ball bearings, and others. In 2014, the unmounted ball bearings

segment led the global bearing market totaling US$33.38 billion and is anticipated to remain high between

2014 and 2020. The rising demand for unmounted ball bearing is due to its diverse range of...