Bearings Industry to 2020 – Market Outlook, Industry Trends: Grand View Research, Inc.
Grand View Research.com has announced the addition of "Bearings Market Analysis and Segment Forecasts To 2020" Market Research report to their Database.
The Global Bearings Market is expected to reach USD 117.27 billion by 2020, according to a new study by Grand View Research, Inc. 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.
Increasing bearings demand across railway and aerospace applications offer significant avenues for market growth. Surging demand for bearings and other precision components used in aircraft engines is also expected to favorably impact market growth over the next few years. Innovative material technologies and high bearing performance play an important role in aero-engine bearing developments.
Browse full research report on Global Bearings Market: http://www.grandviewresearch.com/industry-analysis/bearings-market
Further key findings from the study suggest:
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For the purpose of this study, Grand View Research has segmented the global bearings market on the basis of product, application and region:
Bearings Product Outlook (Revenue, USD Million, 2012 – 2020)
Bearings Application Outlook (Revenue, USD Million, 2012 – 2020)
Browse more reports of this category by Grand View Research: http://www.grandviewresearch.com/industry/automotive-and-transportation
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Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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