Global Roller Bearings Market is Projected to Reach 23 Billion USD by 2021

Description :

New report published by Global QYResearch which offers insights on the global Roller Bearings market. During the 2017-2023 timeline, the global market for Roller Bearings is expected to reflect an increase in the revenue growth. In 2017 the global Roller Bearings market was valued at 21 billion USD and by the end of the assessment year (2021), it is estimated to touch a value more than 23 billion USD growing at a value CAGR of 2.3% throughout the period of forecast.
 
Global Roller Bearings Market: Market Driver and Restraint
 
Applications of Roller Bearings are anticipated to create new business segments in the market. Roller Bearings are in use for a broad range of General and Heavy Machinery products. The companies are focusing on launching products that are launched in few regions. There lies a great opportunity since more demand from customers.
 
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Manufacturers are exploring the potential of Roller Bearings in Automotive products. Application of Roller Bearings in Automotive products is gaining traction in the recent years.
 
Global Roller Bearings Market: Forecast by Type
 
This segment includes Taper, Cylindrical, Needle, etc.. Taper Roller Bearings segment is expected to rank relatively high on the attractiveness index in the global Roller Bearings market by 2023 end, however, Cylindrical Roller Bearings segment is expected to account for a relatively higher growth rate in the Roller Bearings market over the forecast period.
 
Global Roller Bearings Market: Forecast by Region
 
North America, Europe, Asia are the key regions that are included in this report. China is the dominant market in the global Roller Bearings market in terms of value. The China Roller Bearings market was estimated to be valued at 6 billion in 2017.
 
Global Roller Bearings Market: Key Players
 
SKF, Schaeffler, NSK, NTN, JTEKT, Timken, C&U, LYC, Nachi, NMB, TMB, ZWZ, RBC Bearings, HRB, ZXY, Wanxiang Qianchao are the key vendors included in this report.
 
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