China bearing market size and outlook from 2024 to 2030
According to a survey report by Grand View Research, China's bearing market revenue is expected to reach US$54.3994 billion in 2030. It is expected that from 2024 to 2030, China's bearing market will grow at a compound annual growth rate (CAGR) of 10.8%.
Highlights of China's bearing market
1.China's bearing market revenue was $26,526.4 million in 2023 and is expected to reach $54,399.4 million by 2030.
2.China's bearing market is expected to grow at a CAGR of 10.8% from 2024 to 2030.
3.By product segment, roller bearings are the largest revenue contributor to China's bearing market in 2023.
4.Roller bearings are the product segment with the most profit potential and will grow the fastest during the forecast period of 2024-2030.
Other industry trends
1.In terms of revenue, China accounted for 21.9% of the global bearing market in 2023.
2.By country, China is expected to become the leading country in the global bearing market revenue in 2030.
3.In the Asia-Pacific region, China's bearing market revenue is expected to lead the regional market in 2030.
4.China is the fastest growing market in the Asia-Pacific region and is expected to reach $54,399.4 million in China's bearing market revenue by 2030.
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