The global demand for various types of plain bearings will reach approximately US$80 billion in 2014. In recent years, China’s equipment manufacturing industry has maintained rapid growth, especially the rapid development of electric motors, power generation equipment, pumps, blowers, and compressors, as sliding bearings. The development of the industry provides a larger market space.
Bearings began to enter the stage of history with the advent of human industrial civilization. According to the global bearing market forecast and analysis report released in June, the global demand for various types of plain bearings is expected to increase at an annual rate of 8.5%, and in 2014 it will reach approximately US$80 billion.
In addition, there have been reports that China’s bearing demand will rank first in the average annual growth rate of 12%. The demand for bearings in the Asia Pacific region is growing rapidly.
Bearings began to enter the stage of history with the advent of human industrial civilization. According to the global bearing market forecast and analysis report released in June, the global demand for various types of plain bearings is expected to increase at an annual rate of 8.5%, and in 2014 it will reach approximately US$80 billion.
In addition, there have been reports that China’s bearing demand will rank first in the average annual growth rate of 12%. The demand for bearings in the Asia Pacific region is growing rapidly.
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