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Global Demand for Various Types of Plain Bearings will Reach $80 Billion by 2014

Resource from:  CBCC Likes:2988
Nov 24,2011
In recent years, China's equipment manufacturing industry has maintained rapid growth, especially for electric motors, power generation equipment, pumps, blowers, compressors and other industries, which has provided a broad market space for the development of plain bearing industry. Bearings have entered the history stage accompanied by the emergency of human industrial civilization. According to the forecast & analysis report on global bearing market released this June, the global demand for variuos types of plain bearings is expected to grow at an annual rate of 8.5%, thus to achieve about $ 80 billion by 2014. In addition, there is report predicts that bearing demand in China will rank first at the average annual grow rate of 12%, meanwhile bearing demand also rapidly increased in Asia-Pacific regions.
(CBCC)
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