Global Bearings Market to Grow at a CAGR of 7.94% over Forecast Period 2015-2019
Bearings are machine elements used to reduce the energy loss caused by friction in the rotary motion parts of a broad range of equipment and machinery. Industries such as automotive, aerospace, heavy engineering, railways, shipbuilding, defence, die mold and part manufacturing, machine tool, healthcare, and consumer durables make extensive use of ball bearings. The prospects for the market growth of bearings are closely linked to growth in the production of high-performance industrial equipment and machinery.
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