Bearings Market All Set to Reach $117.27 Billion by 2020: Grand View Research, Inc.
The global bearings market is expected to reach USD 117.27 billion by 2020, according to a new study by Grand View Research, Inc. Growing need to address energy efficiency in several application areas is expected to drive the bearings market. Technological advancements along with investments in R&D activities are also expected to drive market demand over the forecast period. Development of seal technologies, light weight elements in high performance bearings and lubrication technologies offer several market growth opportunities. The aforementioned...
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