Call 888-776-0942 from 8 a.m. to 10 p.m. Eastern Time

Cleveland, June 4, 2021/PRNewswire/ - By 2025, the development and adoption of new bearing technologies in mature markets and the increasing use of more complex bearings in developing countries will be the growth drivers of the global bearing market One of the key driving factors, by 2025, valued at 78 billion U.S. dollars, find a new Freedonia Group analysis:

Smart bearings enter the Industrial Internet of Things (IIoT)

Many leading manufacturers are using the Industrial Internet of Things (IIoT) to manufacture so-called "smart bearings", which can provide predictive maintenance for aerospace and defense, wind turbines, railways, automobiles, and other challenging applications. E.g:

The development of the global manufacturing industry leads to innovation

The development of the global manufacturing industry has had a profound impact on the research and development activities of the bearing industry. E.g:

Bearings are also increasingly used in other challenging environments and applications that require bearings with highly specific characteristics to allow them to run for a long time, because replacement can be a problem. Such environments include:

Freedonia Group now provides Global Bearings. This study analyzes the global bearing industry by product, market and region. Historical data (2010, 2015, 2020) and forecasts for 2025 and 2030 provide manufacturer-level bearing shipments, demand, and net exports (in U.S. dollars).

About Freedonia Group-Freedonia Group, a division of MarketResearch.com, is a leading international industrial research company that provides our customers with product analysis, market forecasts, industry trends and market share information. From single-person consulting companies to global corporate groups, our analysts provide companies with fair and reliable industry market research and analysis to help them make important business decisions. We publish more than 100 studies every year, supporting more than 90% of the industrial Fortune 500 companies. Find a ready-made study on https://www.freedoniagroup.com/ or contact us for a customized study: 1 440.842.2400.

Press contact: Corinne Gangloff 1 440.842.2400 [email protection]

More news releases on similar topics

Cision Distribution 888-776-0942 8 a.m. to 9 p.m. Eastern Time