Saturday, 24 June 2017

Construction and Food and Beverage Segments Driving the Global Bearings Market, Says Infiniti Research


bearings market is expected to witness significant growth over

the next five years according to the latest market intelligence study

from Infiniti Research. Two segments in particular, being the

construction and food and beverage segments, are driving the growth of

the global bearings market.

According to Infiniti's

manufacturing research analysts, "In 2016, the combined market

size for bearings in the construction and food and beverage segments is

growing at an average CAGR of 9.1% in terms of revenue and 6.8% in

terms of volume."

"In terms of global market size, the construction equipment industry is

larger than food processing industry. This is also evid ent in the

comparative sizes of bearings market for construction and food

processing segments," added Infiniti

Research. Bearing revenue and volume for construction is

expected to grow at a higher rate compared to the food and beverages

segment due to the faster paced growth of the global construction

equipment industry.

Looking for research from this report? Request

more information

Infiniti Research's manufacturing analysts highlight the following key

findings for the construction and food and beverage segments of the global

bearings industry for the forecast period 2017-2022:

Bearing Market in the Construction Industry

Revenue for this segment is growing at a CAGR of 9.3% through 2022.

By application, earth moving equipment contributes the highest share

in the bearin g market for the construction equipment industry, worth

USD 1.34 billion in 2016.

Excavations and mining is the second largest segment, valued at USD

853 million in 2016.

Bearing Market in the Food and Beverage Industry

Revenue for this segment is growing at a CAGR of 8.8% through 2022.

The food and beverage segment is highly regulated by the HACCP program

for reducing the risk of safety hazards in foods.

The highest share of bearings by application for food and beverage is

contributed by the beverage bottling industry with a revenue of USD

318.2 million in 2016.

Top 10 Vendors

Schaeffler Group


LYC Bearing Corp.

Nachi Fujikoshi Corp.

C&U Group


NSK Ltd.

NTN Corp.

Minebea Mitsumi Inc

Harbin bearing Group Co.


a brochure and see how Infiniti's insights can help you

About Infiniti Research

Established in 2003, Infiniti Research is a leading market intelligence

company providing smart solutions to address your business challenges.

Infiniti Research studies markets in more than 100 countries to help

analyze competitive activity, see beyond market disruptions, and develop

intelligent business strategies.

With 14 years of experience and offices across three continents,

Infiniti Research has been instrumental in providing a complete range of

competitive intelligence, strategy , and research services for over 550

companies across the globe.

No comments:

Post a Comment