Oct 11, 2021   SOURCE: BusinessWire

Global Bearings Markets 2021-2025 - Strong Demand for High-Quality Bearings and Growing Adoption of Automation in the Manufacturing Process - ResearchAndMarkets.com

The "Global Bearings Market 2021-2025" report has been added to ResearchAndMarkets.com's offering.

The bearings market is poised to grow by $11.02 billion during 2021-2025, progressing at a CAGR of about 3%.

The market is driven by the strong demand for high-quality bearings and growing adoption of automation in the manufacturing process.

This report on bearings market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors. The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The bearings market analysis includes product segment, end-user segment, and geographic landscape.

This study identifies the APAC acting as a market enabler as one of the prime reasons driving the bearings market growth during the next few years.

The report's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading bearings market vendors that include AB SKF, ASAHI SEIKO Co. Ltd., C&U Group, JTEKT Corp., LYC Bearing Corp., NSK Ltd., NTN Corp., RBC Bearings Inc., Schaeffler AG, and The Timken Co.

Also, the bearings market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

Companies Mentioned

  • AB SKF
  • ASAHI SEIKO Co. Ltd.
  • C&U Group
  • JTEKT Corp.
  • LYC Bearing Corp.
  • NSK Ltd.
  • NTN Corp.
  • RBC Bearings Inc.
  • Schaeffler AG
  • The Timken Co.

For more information about this report visit https://www.researchandmarkets.com/r/18u91z