Global Demand to Icrease 8.5% Annually through 2014

Resource from: http://www.reportlinker.com/p091960/World-Bearings-Market.html Likes:2957

Aug 09,2010

Global demand for ball, roller and plain bearings is expected to increase 8.5 percent per year through 2014 to $76 billion. Market gains will be supported by ongoing economic growth and improved fixed investment environments in many of the world’s developed countries. In addition, manufacturing output and motor vehicle production will both improve from the performance registered during the 2004-2009 period, as countries around the world rebound from the economic downturn of 2009. Advances in aftermarket sales will be restrained to some degree as improved product designs, better-quality materials and better lubricants lead to longer lasting bearing products. This trend will be counterbalanced by growing demand for more expensive, technologicallyadvanced bearing products, such as custom manufactured, large-diameter bearings used in wind turbines.

(http://www.reportlinker.com/p091960/World-Bearings-Market.html)

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