Plain Bearing Market to Be Influenced by Rapid Rise in Production of Motor Vehicles
The plain bearing market has been growing at a steady pace due to the increasing demand for motor vehicles, oilfield machinery, and construction work. A wide range of equipment used in the energy, aerospace, railways, automotive, farm and gardening, construction, and oilfield sectors make extensive use of plain bearings.
The opportunity in the global plain bearing market is set to be worth US$16.2 bn by 2024, rising from US$9.5 bn in 2015 at a 5.8% CAGR therein. The demand for...
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