TechNavio today launched its report Bearings Market in China 2011-2015 based on an in-depth analysis focusing exclusively on China. The report aims to aid decision makers’ understanding of the significant trends impacting this market.
Commenting on the report, an analyst from TechNavio’s Engineering team said: ”In the last few years, there has been a rapid increase in the competition among bearings vendors in the market. This increase in competition has led to a decrease in the overall price of bearings. Consequently, there is an increase in price wars among the players in the market. Moreover, with the advancement of technology, the cost of developing bearings is reducing. This is also because of the large variety of vendors and their varying pricing strategies aimed at capturing significant shares in the market. Furthermore, vendors are focusing on the development of economically-priced products in an attempt to tap the Micro, Small and Medium-sized Enterprises sector.”
According to the report, one of the main drivers is the need for quality product development. Application-specific bearings are deployed across several industries for developing superior-quality products.
Further, the report discusses that one of the main challenges in the market is the lack of effective product differentiation.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit http://goo.gl/E92cV
TechNavio, the market research platform of Infiniti Research Ltd, publishes periodic market research reports on niche and emerging technologies. For more information on our Engineering market research, please visit https://www.technavio.com/engineering-software
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TechNavio Announces the Publication of its Research Report – Bearings Market in China 2011-2015
