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Automotive Bearing Market: Demand for Fuel Efficiency and Development of EV Bearings to Drive Product Innovations

Press release Description

Albany, New York, July 6, 2018: The automotive industry is flourishing on the backdrop of increasing vehicle ownership and growing demand for a longer lifespan of vehicles. Vehicle owners highly seek automotive repair and maintenance services where demand for automotive bearing foresees good opportunity. Growth of the automotive fleet industry is another important fillip of the automotive bearing market. Industry titans in the automotive bearing market are focusing on developing high-performance bearings with low friction and greater operation to enhance fuel efficiency.

The automotive bearing market is expected to record a moderate CAGR of 4.4% during the forecast period 2018 to 2026. These insights are according to the report, titled “Global Market Study on Automotive Bearing: China Set to Overtake Europe; Global Revenues to Exceed US$ 27 Bn by 2026 End,” added to the comprehensive repository of Market Research Reports Search Engine (MRRSE) recently.

The report states that electrification of the automotive industry will continue to deter the growth of the automotive bearing market. As electric vehicles (EVs) require distinct as well as less number of bearings, manufacturers are developing bearings suitable for EVs. With the manufacturers aligning their production to the evolving automotive industry trend, persistent growth of the automotive bearing market during the forecast period is assured.

Automotive Bearing Market: Scope of the Report

The report delivers a comprehensive evaluation of the global demand, scope, trends and opportunities in the automotive bearing market. Historical analysis, valuable market insights and verifiable projections about the market are backed by an in-depth research study of the market. Past, present and future trends of the automotive bearing market provide the readers with an all-inclusive scenario of the global market. The report also highlights the important market restraints challenging revenue growth of the automotive bearing market. Future growth opportunities for manufacturers have been extensively discussed.

Systematic segmentation of the report delivers a seamless reading experience to the report readers. Different segments are constructed with the thorough analysis of market dynamics and individual sections for each of the analyzed regional market. For each of the market segments and the assessed geographies, tracking of all the metrics presents a market attractiveness analysis that supplements the insights provided in this report on the automotive bearing market.

Automotive Bearing Market: Research Methodology Used

A complete qualitative and quantitative assessment of the market data collected from industry analysts and market participants across key points in the industry’s value chain are discussed. The market data, which includes the regional as well as global numbers in terms of value and volume, has been derived from the intense study of financial and annual reports of the leading players operating in the automotive bearing market. 

Extensive primary and secondary research has been carried out to deliver accurate forecast of the automotive bearing market. Primary research comprising interviews, surveys, and observations of seasoned analysts; and secondary research through reputable paid sources, trade journals, and industry body databases deliver the most credible and go-to-forecast of the automotive bearing market.

Browse Full Global Automotive Bearing Market Report with TOC :

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