Global Instrumented Bearing Market to Be Driven by Expanding Automobile Industry
Owing to the expansion of the automobile industry around the world, the global instrumented bearing market is expected to be growing at an 8.6% CAGR between 2014 and 2020. The global market is anticipated to reach a market value of US$938.4 million by 2020, not very far from twice its 2013 value of US$523.3 million. Instrumented bearings refer to mechanical elements that help in the reduction of friction that takes place between moving components/parts within a machine. These generally consist...
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