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Date: 2013-08-08

2014 Bearing demand will reach USD 76 billion

 According to industry research firm Freedonia Group forecast on the global bearing market analysis report, the global ball bearings, roller bearings and plain bearings demand is expected to grow at an annual rate of 8.5% growth in 2014 will reach 760 billion U.S. dollars, uninstall the type of ball bearingsand roller bearing demand.Due to sustained economic growth, increased investment in fixed assets in many of the world’s developed countries, bearing market will see a new growth trend. In addition, with the gradual retreat of the 2009 economic crisis, the world economy rebound, manufacturing and vehicle production from 2004 to 2009 (2004 to 2009, the global motor vehicle production fell) data on the rise. But bearing the price is not such as the period from 2004 to 2009 as a substantial increase, but remained stable trend. This return to their roots in raw material prices become more reasonable, and the development of the growing international competitive pressures brought by the manufacturer of the regions, which are to some extent to stabilize the prices.


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