TechNavio today launched its report, Global Bearings Market 2011-2015, based on an in-depth analysis covering the Americas, and the EMEA and APAC regions. 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: ”One of the emerging trends in the Global Bearings market is the increasing development of integrated bearings, which are bearings without surface. In these types of bearings, the surrounding parts works as an integral part of the bearing design. Many bearings manufacturers are developing integrated bearings to reduce the number of components in the final assembled product. Also, these integrated bearings help to reduce equipment costs because they are more reliable, easy to install, and weigh less than other types of bearings.”
According to the report, the increasing demand from developing countries is one of the major drivers in the Global Bearings market. The countries from emerging geographies across the globe such as the APAC region, Middle East, Africa, and South America are generating huge demand for various types of bearings. In contrast, the market in developed countries is moving toward the mature phase. However, the markets in countries like the US, Japan, and Germany are growing at a slow rate and moving toward the mature phase. Therefore bearings manufacturers are focusing more on developing countries such as China, India, Thailand, Brazil, Malaysia, and the Republic of Korea. The Bearings market in China is one of the fastest growing markets in the Global Bearings market and is expected to grow tremendously during the period 2011-2015.
Further, the report reveals that the lack of effective product differentiation is one of the major challenges confronting the Global Bearings market.
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 https://www.technavio.com/content/global-bearings-market-2011-2015
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 – Global Bearings Market 2011-2015
