Bearing Market Fueled by Automotive Industry Owing to Rising Production of Vehicles
The bearing market has looked bright and profitable even after the economic crisis in 2008. The global demand from the bearing market is projected to rise at a 7.7% CAGR between 2014 and 2020 to reach US$118.21 billion by the end of 2020, from a market value of US$75.91 billion in 2013, states Transparency Market Research in its study on the global bearing market. This growth is due to the rapid industrialization across major regions and increasing demand for bearings...
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