The Business Research Company’s Bearings Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Bearings Global Market Report 2023 evaluates bearings market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The global bearings market size grew from $116.69 billion in 2022 to $127.15 billion in 2023 at a compound annual growth rate (CAGR) of 9.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, causing inflation across goods and services and affecting many markets across the globe. The market size of the bearings is expected to grow to $176.67 billion in 2027 at a CAGR of 8.6%.
The bearings market segments in the report are:
1) By Bearing Type: Unmounted Bearing, Mounted Bearing
2) By Material: Metal, Plastic, Ceramics
3) By Application: Automotive, Agriculture, Electrical, Mining and construction, Railway and Aerospace, Automotive Aftermarket, Other Applications
4) By Distribution Channel: Online, Offline
Get More Information On The Bearings Market Report:
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The table of contents in TBRC’s bearings market report includes:
- Executive Summary
- Bearings Market Characteristics
- Bearings Market Trends And Strategies
- Bearings Market – Macro Economic Scenario
- Bearings Market Size And Growth
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- Africa Bearings Market
- Bearings Market Competitive Landscape And Company Profiles
- Key Mergers And Acquisitions In The Bearings Market
- Bearings Market Future Outlook and Potential Analysis
- Appendix
Top 5 Major Key Players Are:
- Harbin Bearing Manufacturing Co. Ltd
- HKT Bearings Ltd
- Igus
- JTEKT Corporation
- MinebeaMitsumi Inc
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