Bolstered R&D Investments and Technological Advent to Collectively Boost Global Automotive Bearing Market; PMR Expects Global Revenues to Cross US$ 27 Bn by 2026 End
San Jose, CA -- (SBWIRE) -- 04/16/2019 -- Automotive bearings are components which are capable of carrying heavy loads with ease and efficiency. High precision, reliability, durability, and the ability to rotate at high speeds with minimal noise and vibration are the desired characteristics of automotive bearings.
Bearings help reduce the friction between the moving parts of the vehicle. The rapid growth of the automotive industry across the world in the recent years is expected to drive the automotive bearing market during the forecast period. Increase in the average lifespan of vehicles due to the incorporation of fuel-efficient technologies is likely to further boost the automotive bearing market during the forecast period.
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XploreMR has recently published a research report on the global automotive bearing market. The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions.
The report has been compiled through extensive primary research i.e. interviews, surveys, and observations of seasoned analysts, and secondary research, which entails reputable paid sources, trade journals, and industry body databases. The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry's value chain. A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Some of the key players operating in the global automotive bearing market include Schaeffler AG., Jtekt Corporation, NTN Corporation, Iljin Bearing Co. Ltd., Timken Company, Svenska Kullagerfabriken AB, RKB Bearings, Timken Company, ORS Bearings, and CW Bearing.
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