Submitted by: Submitted by KavinRichard9995
Views: 10
Words: 701
Pages: 3
Category: Business and Industry
Date Submitted: 09/30/2015 03:19 AM
Hexa Reports
Market Research Reports and Insightful Company Profiles
Bearings Market Size, Share, Application Analysis,
Regional Outlook, Trends, Competitive Scenario and
Forecasts, 2012 To 2020
The global bearings market is expected to reach USD 117.27 billion by 2020. Growing need to address
energy efficiency in several application areas is expected to drive the bearings market. Technological
advancements along with investments in R&D activities are also expected to drive market demand over
the forecast period. Development of seal technologies, light weight elements in high performance
bearings and lubrication technologies offer several market growth opportunities. The aforementioned
technologies exhibit high energy efficiency characteristics. Bearings help reduce energy consumption by
reducing friction between several mechanical components in a wide range of industrial equipments and
machinery. For example, the new E2 bearings developed by SKF are reported to help reduce friction
significantly.
Browse Detail Report With TOC @ http://www.hexareports.com/report/bearings-market-analysis-byproduct-ball-bearings-roller-bearings-by-application-automotive-agriculture-electrical-mining-ampconstruction-railway-amp-aerospace-and-segment-forecasts-to-2020/details
Further key findings from the study suggest:
Ball bearings are expected to emerge as a high growth segment over the next few years as it exhibits the
capability to reduce friction owing to smaller surface contact. Furthermore, ball bearings can be used
with thrust as well as radial loading owing to their ability to spin smoothly. Deep groove bearings are
simple in design, non-separable and need low maintenance owing to which the segment is expected to
witness considerable growth over the next few years.
Hexa Reports
Market Research Reports and Insightful Company Profiles
Growing demand for auto components and automobiles is expected to fuel market demand over the
forecast period. The...