C&M: Global market for automotive needle roller bearings driven by growing Global Automotive Bearing market
Global Automotive Needle Roller Bearing Market 2014-2018 - a new market research report on companiesandmarkets.com
PR-Inside.com: 2014-03-20 15:02:02
The Global Automotive Needle Roller Bearing market is to grow at a CAGR of 3.83 percent over the period 2013-2018. One of the key factors contributing to this market growth is the growing Global Automotive Bearing market. The Global Automotive Needle Roller Bearing market has also been witnessing the increasing demand of bearings from emerging economies. However, the recent economic slowdown in Europe could pose a challenge to the growth of this market.
The increasing demand for bearings from emerging economies is one of the major drivers in the Global Automotive Needle Roller Bearing market. The countries from emerging geographies across the globe such as the APAC region, the Middle East, Africa, and South America are generating a huge demand for various types of bearings. In contrast, the market in developed countries is moving toward the mature phase. For instance, the US, Japan, and Germany are some of the key leading countries in the market. However, the markets in these countries are growing at a slow rate and moving toward the mature phase. Therefore, bearings manufacturers are focusing more on developing countries such as China, India, Thailand, Brazil, Malaysia and the Republic of Korea.
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