London, 19 November 2014: TechNavio, the independent tech-focused global research firm, has published a report on the European Anti-friction Bearings Market 2014-2018, which is expected to grow at a CAGR of 3.81 percent during 2014-2018.
“With a growing need for newer infrastructure to sustain energy demand, the European Wind Energy Harvesting industry is expected to witness large-scale expansion in the future,” says Faisal Ghaus, Vice President of TechNavio.
“This will in turn, translate to higher demand for large-bore anti-friction bearings, usually employed in the Manufacturing and Rotating Machinery industries.”
Key Market Drivers
- Need for High-quality Products
- Increased Demand from End-user Industries
- Increased Emphasis on Efficiency and Total Cost of Ownership
Key Market Trends
- Increased Focus on Innovation
- Promotion of Renewable Energy
- Emergence of Smart Technology
Key Market Vendors
- AB SKF
- Schaeffler Technologies AG & Co. KG
- Timken Co.
To define the market circumstances in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
