The bearing market is expected to see healthy growth thanks to an ongoing bid for energy efficiency and high demand in the automotive sector, reports business intelligence and market research firm, Research and Markets.
What is it worth?
The global bearings market is expected to reach US$172.2 billion by 2025.
What is the leading segment?
Roller bearings are expected to outpace ball bearings as the largest bearing segment, owing to their capacity to carry heavy loads and shock or impact loading.
What are the opportunities?
Technological advancements, such as smart bearings and lubrication technology, incorporating sensor units in bearings, are estimated to offer high growth opportunities to the market.
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