DUBLIN, April 26, 2017 /PRNewswire/ --
Research and Markets has announced the addition of the "Global Anti-Friction Bearing Market 2017-2021" report to their offering.
The global anti-friction bearing market to grow at a CAGR of 4.16% during the period 2017-2021.
Global Anti-Friction Bearing Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the Key vendors operating in this market. To calculate the market size, the report considers the revenue generated from the sale of anti-friction bearing.
The increase in demand from major end-users such as heavy industry, general engineering, and automotive will propel the demand for anti-friction bearings globally.
According to the report, the growing demand for commercial aircraft is expected to drive the global anti-friction bearings market. Over the past 25 years, the aviation sector has been experiencing a recession, aviation fuel price shocks, and security threats. However, the global air traffic has been growing at 5.5% annually. The increase in global air traffic has created more demand for commercial aircraft worldwide. Airbus and Boeing are the largest manufacturers of aircraft globally. In 2016, Airbus experienced an increase of 8% in aircraft deliveries compared with its company forecast. In 2015, the company opened its first US manufacturing facility to tap the market potential. In 2016, Boeing opened a new facility worth $1 billion in Washington to produce wings for its newest jetliner, the 777X.
Further, the report states that the growing demand for commercial aircraft is expected to drive the global anti-friction bearings market. Over the past 25 years, the aviation sector has been experiencing a recession, aviation fuel price shocks, and security threats. However, the global air traffic has been growing at 5.5% annually. The increase in global air traffic has created more demand for commercial aircraft worldwide. Airbus and Boeing are the largest manufacturers of aircraft globally. In 2016, Airbus experienced an increase of 8% in aircraft deliveries compared with its company forecast. In 2015, the company opened its first US manufacturing facility to tap the market potential.
Key vendors
- JTEK
- NSK
- NTN
- Schaeffler
- SKF
- Timken
Other prominent vendors
- AST Bearings
- Harbin Bearing Manufacturing
- HKT
- igus
- MinebeaMitsumi
- NBI Bearings
- RBC Bearings
- Rexnord Corporation
Key Topics Covered:
Part 01: Executive summary
Part 02: Scope of the report
Part 03: Research Methodology
Part 04: Introduction
Part 05: Market landscape
Part 06: Market segmentation by product
Part 07: Geographical segmentation
Part 08: Decision framework
Part 09: Drivers and challenges
Part 10: Market trends
Part 11: Vendor landscape
Part 12: Key vendor analysis
Part 13: Appendix
For more information about this report visit http://www.researchandmarkets.com/research/pnn2z6/global
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