Univeral Bearings Market Analysis & Forecasts 2018-2022 : With an Expected CAGR of 10.6% - CrystalMarketResearch.com
In 2012, the global bearings market was valued around USD 33.00 billion and is anticipated to reach approximately USD 69.15 billion while maintaining a compound annual growth rate (CAGR) of 6.89% during the forecast period owing to the growing manufacturing of heavy machinery. Moreover, the rising use of high capacity bearings in the manufacturing of wind turbines is expected to boost demand during the forecast years. Wind turbines use these products to improve turbine performance & reliability, reduce consumption of...
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