Bearings Market Size, Share & Trends Analysis Report By Product (Ball, Roller), By Application (Automotive, Agriculture, Electrical, Mining & Construction, Railway & Aerospace), And Segment Forecasts, 2019 - 2025

Published: Mar, 2019 | Pages: 101 | Publisher: Grand View Research
Industry: Automotive | Report Format: Electronic (PDF)

The global bearings market size is expected to reach USD 186.1 billion by 2025, according to a new report by Grand View Research, Inc. It is projected to register a CAGR of 9.1% during the forecast period. Bearings are essential in almost every application that involves motion and they help minimize friction between different mechanical components in several industrial machinery and equipment, resulting in reduced energy consumption. Hence, this machine element finds application in all industries, ranging from automobiles, household appliances, and aerospace to industrial machinery, using machinery or related motor-driven linkages.

The bearings market is estimated to witness a considerable growth in the forthcoming years, ascribed to the aim to achieve energy efficiency. Energy saving and bearings go hand-in-hand. The main objective of this element is saving energy by reducing friction, be it during the rotation of shafts of a transmission or the wheel of a vehicle. Additionally, rising demand for commercial vehicles is expected to catapult the demand from automotive sector across the world.

Technological advancements including smart bearings, development of advanced materials and lubricants, and integrating sensor units, are anticipated to provide high growth potential to the market. With the objective of enhancing performance, vendors are incorporating sensor units of the product. Sensor units help digital monitoring of rotation speed, axial movement, load carrying capacity acceleration, and deceleration. These units are presently being used in conveyors forklifts, road rollers, and electric motors. Furthermore, the integration of IoT capabilities facilitates manufacturers to monitor bearing operations constantly.

The market is mature with a dynamic demand closely related to the state of engineering industries and capital goods. Companies are offering integrated products that significantly decrease the number of bearings that go into an assembled product and reduce the overall cost of equipment. This in turn is also increasing the shelf-life and reliability of the product. Product manufacturers are increasingly investing in R&D to address the intensifying competition by providing innovative products.

Further key findings from the study suggest:

• The development of cost-effective wind energy generating product has resulted in their increased espousal within wind turbine applications that aid in increasing energy production, reduce lubricant consumption, and enhancing turbine performance and reliability

• Roller bearings is anticipated to emerge as the largest product segment by 2025 and outpace ball bearings, ascribed to their ability to carry heavy loads and shock or impact loading

• Railway and aerospace segment is estimated to witness the fastest CAGR of over 8.0% over the foreseeable years, due to their growing demand in applications such as shock absorbers, gearboxes, doors, and tilting mechanisms to name a few

• Asia Pacific is anticipated to witness the fastest CAGR of over 5.0% by 2025 attributed to the increased demand for fuel-efficient passenger vehicles, industrialization, and swift infrastructure development

• The key competitors operating in the bearings market include SKF, NSK, Timken, Schaeffler, NTN, and JTEKT. Various leading companies are investing in high-level R&D to come up with innovative solutions. These solutions are focused on being cost-effective as well as on enhancing the overall quality of the end-product

 Table of Contents

Chapter 1 Methodology and Scope
                   1.1 Research Methodology
                   1.2 Research Scope & Assumptions
                   1.3 List of Data Sources

Chapter 2 Executive Summary

Chapter 3 Bearings Industry Outlook
                   3.1 Market Segmentation & Scope
                   3.2 Bearings - Market Size and Growth Prospects 2014 - 2025
                   3.3 Bearings - Value Chain Analysis
                   3.4 Market Dynamics
                       3.4.1 Market driver analysis
                           3.4.1.1 Increased application of high capacity bearings in wind turbines
                           3.4.1.2 Increasing demand for bearings in energy-efficient vehicles
                           3.4.1.3 Growing demand in railway, aerospace and other applications
                       3.4.2 Market restraint/challenge analysis
                           3.4.2.1 Counterfeit products
                           3.4.2.2 Increasing raw material prices
                       3.4.3 Market opportunity analysis
                           3.4.3.1 Integration of electro-mechanical features into bearings for medical applications
                   3.5 Bearings - Key Opportunities Prioritized
                   3.6 Bearings - Porter’s Five Forces Analysis
                       3.6.1. Supplier Power
                       3.6.2. Buyer Power
                       3.6.3. Substitution Threat
                       3.6.4. Threat from new entrant
                       3.6.5. Competitive rivalry
                   3.7 Bearings - PESTEL Analysis
                       3.7.1. Political Landscape
                       3.7.2. Environmental Landscape
                       3.7.3. Social Landscape
                       3.7.4. Technology Landscape
                   3.8 Bearings - Company market share analysis, 2018

Chapter 4 Market Categorization 1 - Product Estimates & Trend Analysis
                   4.1 Global Bearings Market Share by Product, 2018 & 2025 (USD Billion)
                   4.2 Ball Bearings
                       4.2.1. Market estimates and forecast, 2014 - 2025 (USD Billion) 
                       4.2.2. Market estimates and forecast by region, 2014 - 2025 (USD Billion)
                   4.3 Roller bearings
                       4.3.1. Market estimates and forecast, 2014 - 2025 (USD Billion) 
                       4.3.2. Market estimates and forecast by region, 2014 - 2025 (USD Billion)
                   4.4 Other bearings
                       4.4.1. Market estimates and forecast, 2014 - 2025 (USD Billion) 
                       4.4.2. Market estimates and forecast by region, 2014 - 2025 (USD Billion)

Chapter 5 Market Categorization 2 - Application Estimates & Trend Analysis
                   5.1 Global Bearings Market Share by Application, 2018 & 2025 (USD Billion)
                   5.2 Automotive
                       5.2.1. Market estimates and forecast, 2014 - 2025 (USD Billion) 
                       5.2.2. Market estimates and forecast by region, 2014 - 2025 (USD Billion)
                   5.3 Agriculture
                       5.3.1. Market estimates and forecast, 2014 - 2025 (USD Billion) 
                       5.3.2. Market estimates and forecast by region, 2014 - 2025 (USD Billion)
                   5.4 Electrical
                       5.4.1. Market estimates and forecast, 2014 - 2025 (USD Billion) 
                       5.4.2. Market estimates and forecast by region, 2014 - 2025 (USD Billion)
                   5.5 Mining & Construction
                       5.5.1. Market estimates and forecast, 2014 - 2025 (USD Billion) 
                       5.5.2. Market estimates and forecast by region, 2014 - 2025 (USD Billion)
                   5.6 Railway & Aerospace
                       5.6.1. Market estimates and forecast, 2014 - 2025 (USD Billion) 
                       5.6.2. Market estimates and forecast by region, 2014 - 2025 (USD Billion)
                   5.7 Automotive Aftermarket
                       5.7.1. Market estimates and forecast, 2014 - 2025 (USD Billion) 
                       5.7.2. Market estimates and forecast by region, 2014 - 2025 (USD Billion)
                   5.8 Others
                       5.8.1. Market estimates and forecast, 2014 - 2025 (USD Billion) 
                       5.8.2. Market estimates and forecast by region, 2014 - 2025 (USD Billion)

Chapter 6 Market Categorization 3 - Regional Estimates & Trend Analysis
                   6.1 Global Bearings Market Share by Region, 2018 & 2025 (USD Billion)
                   6.2 North America
                       6.2.1. Market estimates and forecast, 2014 - 2025 (USD Billion)
                       6.2.2. Market estimates and forecast by product, 2014 - 2025 (USD Billion)
                       6.2.3. Market estimates and forecast by application, 2014 - 2025 (USD Billion)
                       6.2.4 U.S.
                           6.2.4.1. Market estimates and forecast, 2014 - 2025 (USD Billion)
                           6.2.4.2. Market estimates and forecast by product, 2014 - 2025 (USD Billion)
                           6.2.4.3. Market estimates and forecast by application, 2014 - 2025 (USD Billion)
                       6.2.5 Canada
                           6.2.5.1. Market estimates and forecast, 2014 - 2025 (USD Billion)
                           6.2.5.2. Market estimates and forecast by product, 2014 - 2025 (USD Billion)
                           6.2.5.3. Market estimates and forecast by application, 2014 - 2025 (USD Billion)
                   6.3 Europe
                       6.3.1. Market estimates and forecast, 2014 - 2025 (USD Billion)
                       6.3.2. Market estimates and forecast by product, 2014 - 2025 (USD Billion)
                       6.3.3. Market estimates and forecast by application, 2014 - 2025 (USD Billion)
                       6.3.4 U.K.
                           6.3.4.1. Market estimates and forecast, 2014 - 2025 (USD Billion)
                           6.3.4.2. Market estimates and forecast by product, 2014 - 2025 (USD Billion)
                           6.3.4.3. Market estimates and forecast by application, 2014 - 2025 (USD Billion)
                       6.3.5 Germany
                           6.3.5.1. Market estimates and forecast, 2014 - 2025 (USD Billion)
                           6.3.5.2. Market estimates and forecast by product, 2014 - 2025 (USD Billion)
                           6.3.5.3. Market estimates and forecast by application, 2014 - 2025 (USD Billion)
                       6.3.6 France
                           6.3.6.1. Market estimates and forecast, 2014 - 2025 (USD Billion)
                           6.3.6.2. Market estimates and forecast by product, 2014 - 2025 (USD Billion)
                           6.3.6.3. Market estimates and forecast by application, 2014 - 2025 (USD Billion)
                       6.3.7 Italy
                           6.3.7.1. Market estimates and forecast, 2014 - 2025 (USD Billion)
                           6.3.7.2. Market estimates and forecast by product, 2014 - 2025 (USD Billion)
                           6.3.7.3. Market estimates and forecast by application, 2014 - 2025 (USD Billion)
                       6.3.8 Eastern Europe
                           6.3.8.1. Market estimates and forecast, 2014 - 2025 (USD Billion)
                           6.3.8.2. Market estimates and forecast by product, 2014 - 2025 (USD Billion)
                           6.3.8.3. Market estimates and forecast by application, 2014 - 2025 (USD Billion)
                   6.4 Asia Pacific
                       6.4.1. Market estimates and forecast, 2014 - 2025 (USD Billion)
                       6.4.2. Market estimates and forecast by product, 2014 - 2025 (USD Billion)
                       6.4.3. Market estimates and forecast by application, 2014 - 2025 (USD Billion)
                       6.4.4 China
                           6.4.4.1. Market estimates and forecast, 2014 - 2025 (USD Billion)
                           6.4.4.2. Market estimates and forecast by product, 2014 - 2025 (USD Billion)
                           6.4.4.3. Market estimates and forecast by application, 2014 - 2025 (USD Billion)
                       6.4.5 India
                           6.4.5.1. Market estimates and forecast, 2014 - 2025 (USD Billion)
                           6.4.5.2. Market estimates and forecast by product, 2014 - 2025 (USD Billion)
                           6.4.5.3. Market estimates and forecast by application, 2014 - 2025 (USD Billion)
                       6.4.6 Japan
                           6.4.6.1. Market estimates and forecast, 2014 - 2025 (USD Billion)
                           6.4.6.2. Market estimates and forecast by product, 2014 - 2025 (USD Billion)
                           6.4.6.3. Market estimates and forecast by application, 2014 - 2025 (USD Billion)
                   6.5 Latin America
                       6.5.1. Market estimates and forecast, 2014 - 2025 (USD Billion)
                       6.5.2. Market estimates and forecast by product, 2014 - 2025 (USD Billion)
                       6.5.3. Market estimates and forecast by application, 2014 - 2025 (USD Billion)
                       6.5.4 Brazil
                           6.5.4.1. Market estimates and forecast, 2014 - 2025 (USD Billion)
                           6.5.4.2. Market estimates and forecast by product, 2014 - 2025 (USD Billion)
                           6.5.4.3. Market estimates and forecast by application, 2014 - 2025 (USD Billion)
                       6.5.5 Mexico
                           6.5.5.1. Market estimates and forecast, 2014 - 2025 (USD Billion)
                           6.5.5.2. Market estimates and forecast by product, 2014 - 2025 (USD Billion)
                           6.5.5.3. Market estimates and forecast by application, 2014 - 2025 (USD Billion)
                   6.6 Middle East & Africa
                       6.6.1. Market estimates and forecast, 2014 - 2025 (USD Billion)
                       6.6.2. Market estimates and forecast by product, 2014 - 2025 (USD Billion)
                       6.6.3. Market estimates and forecast by application, 2014 - 2025 (USD Billion)

Chapter 7 Competitive Landscape                   
                   7.1 Brammer PLC
                       7.1.1 Company Overview
                       7.1.2 Financial Performance
                       7.1.3 Product Benchmarking
                       7.1.4 Strategic Initiatives
                   7.2 Harbin Bearing Manufacturing Co., Ltd.
                       7.2.1 Company Overview
                       7.2.2 Financial Performance
                       7.2.3 Product Benchmarking
                       7.2.4 Strategic Initiatives
                   7.3 HKT Bearings Ltd.
                       7.3.1 Company Overview
                       7.3.2 Financial Performance
                       7.3.3 Product Benchmarking
                       7.3.4 Strategic Initiatives
                   7.4 JTEKT Corporation
                       7.4.1 Company Overview
                       7.4.2 Financial Performance
                       7.4.3 Product Benchmarking
                       7.4.4 Strategic Initiatives
                   7.5 NBI Bearings Europe
                       7.5.1 Financial Performance
                       7.5.2 Product Benchmarking
                       7.5.3 Strategic Initiatives
                   7.6 NSK Global
                       7.6.1 Financial Performance
                       7.6.2 Product Benchmarking
                       7.6.3 Strategic Initiatives
                   7.7 NTN Corporation
                       7.7.1 Company Overview
                       7.7.2 Financial Performance
                       7.7.3 Product Benchmarking
                       7.7.4 Strategic Initiatives
                   7.8 RBC Bearings Inc.
                       7.8.1 Company Overview
                       7.8.2 Financial Performance
                       7.8.3 Product Benchmarking
                       7.8.4 Strategic Initiatives
                   7.9 Rexnord Corporation
                       7.9.1 Company Overview
                       7.9.2 Financial Performance
                       7.9.3 Product Benchmarking
                       7.9.4 Strategic Initiatives
                   7.10 RHP Bearings
                       7.10.1 Company Overview
                       7.10.2 Financial Performance
                       7.10.3 Product Benchmarking
                       7.10.4 Strategic Initiatives
                   7.11 Schaeffler Group
                       7.11.1 Company Overview
                       7.11.2 Financial Performance
                       7.11.3 Product Benchmarking
                       7.11.4 Strategic Initiatives
                   7.12 SKF Corporation
                       7.12.1 Company Overview
                       7.12.2 Financial Performance
                       7.12.3 Product Benchmarking
                       7.12.4 Strategic Initiatives
                   7.13. The Timken Company
                       7.13.1 Company Overview
                       7.13.2 Financial Performance
                       7.13.3 Product Benchmarking
                       7.13.4 Strategic Initiatives

List of Tables

TABLE 1 Global bearings market, 2014 - 2025 (USD Billion)
TABLE 2 Global bearings market, by product, 2014 - 2025 (USD Billion)
TABLE 3 Global roller bearings market, by product, 2014 - 2025 (USD Billion)
TABLE 4 Global ball bearings market, by product, 2014 - 2025 (USD Billion)
TABLE 5 Global bearings market, by application, 2014 - 2025 (USD Billion)
TABLE 6 Global bearings market, by region, 2014 - 2024 (USD Billion)
TABLE 7 Ball bearings market, 2014 - 2025 (USD Billion)
TABLE 8 Ball bearings market by region, 2014 - 2025 (USD Billion)
TABLE 9 Deep groove bearings market, 2014 - 2025 (USD Billion)
TABLE 10 Deep groove bearings market by region, 2014 - 2025 (USD Billion)
TABLE 11 Other ball bearings market, 2014 - 2025 (USD Billion)
TABLE 12 Other ball bearings market by region, 2014 - 2025 (USD Billion)
TABLE 13 Roller bearings market, 2014 - 2025 (USD Billion)
TABLE 14 Roller bearings market by region, 2014 - 2025 (USD Billion)
TABLE 15 Split bearings market, 2014 - 2025 (USD Billion)
TABLE 16 Split bearings market by region, 2014 - 2025 (USD Billion)
TABLE 17 Tapered bearings market, 2014 - 2025 (USD Billion)
TABLE 18 Tapered bearings market by region, 2014 - 2025 (USD Billion)
TABLE 19 Other roller bearings market, 2014 - 2025 (USD Billion)
TABLE 20 Other roller bearings market by region, 2014 - 2025 (USD Billion)
TABLE 21 Bearings demand in automotive, 2014 - 2025 (USD Billion)
TABLE 22 Bearings demand in automotive by region, 2014 - 2025 (USD Billion)
TABLE 23 Bearings demand in agriculture, 2014 - 2025 (USD Billion)
TABLE 24 Bearings demand in agriculture by region, 2014 - 2025 (USD Billion)
TABLE 25 Bearings demand in electrical, 2014 - 2025 (USD Billion)
TABLE 26 Bearings demand in electrical by region, 2014 - 2025 (USD Billion)
TABLE 27 Bearings demand in mining & construction, 2014 - 2025 (USD Billion)
TABLE 28 Bearings demand in mining & construction by region, 2014 - 2025 (USD Billion)
TABLE 29 Bearings demand in railway & aerospace, 2014 - 2025 (USD Billion)
TABLE 30 Bearings demand in railway & aerospace by region, 2014 - 2025 (USD Billion)
TABLE 31 Bearings demand in automotive aftermarket, 2014 - 2025 (USD Billion)
TABLE 32 Bearings demand in automotive aftermarket by region, 2014 - 2025 (USD Billion)
TABLE 33 Bearings demand in others, 2014 - 2025 (USD Billion)
TABLE 34 Bearings demand in others by region, 2014 - 2025 (USD Billion)
TABLE 35 North America bearings market by product, 2014 - 2025 (USD Billion)
TABLE 36 North America ball bearings market by product, 2014 - 2025 (USD Billion)
TABLE 37 North America roller bearings market by product, 2014 - 2025 (USD Billion)
TABLE 38 North America bearings market by application, 2014 - 2025 (USD Billion)
TABLE 39 U.S. bearings market by product, 2014 - 2025 (USD Billion)
TABLE 40 U.S. ball bearings market by product, 2014 - 2025 (USD Billion)
TABLE 41 U.S. roller bearings market by product, 2014 - 2025 (USD Billion)
TABLE 42 U.S. bearings market by application, 2014 - 2025 (USD Billion)
TABLE 43 Canada bearings market by product, 2014 - 2025 (USD Billion)
TABLE 44 Canada ball bearings market by product, 2014 - 2025 (USD Billion)
TABLE 45 Canada roller bearings market by product, 2014 - 2025 (USD Billion)
TABLE 46 Canada bearings market by application, 2014 - 2025 (USD Billion)
TABLE 47 Europe bearings market by product, 2014 - 2025 (USD Billion)
TABLE 48 Europe ball bearings market by product, 2014 - 2025 (USD Billion)
TABLE 49 Europe roller bearings market by product, 2014 - 2025 (USD Billion)
TABLE 50 Europe bearings market by application, 2014 - 2025 (USD Billion)
TABLE 51 U.K. bearings market by product, 2014 - 2025 (USD Billion)
TABLE 52 U.K. ball bearings market by product, 2014 - 2025 (USD Billion)
TABLE 53 U.K. roller bearings market by product, 2014 - 2025 (USD Billion)
TABLE 54 U.K. bearings market by application, 2014 - 2025 (USD Billion)
TABLE 55 Germany bearings market by product, 2014 - 2025 (USD Billion)
TABLE 56 Germany ball bearings market by product, 2014 - 2025 (USD Billion)
TABLE 57 Germany roller bearings market by product, 2014 - 2025 (USD Billion)
TABLE 58 Germany bearings market by application, 2014 - 2025 (USD Billion)
TABLE 59 France bearings market by product, 2014 - 2025 (USD Billion)
TABLE 60 France ball bearings market by product, 2014 - 2025 (USD Billion)
TABLE 61 France roller bearings market by product, 2014 - 2025 (USD Billion)
TABLE 62 France bearings market by application, 2014 - 2025 (USD Billion)
TABLE 63 Italy bearings market by product, 2014 - 2025 (USD Billion)
TABLE 64 Italy ball bearings market by product, 2014 - 2025 (USD Billion)
TABLE 65 Italy roller bearings market by product, 2014 - 2025 (USD Billion)
TABLE 66 Italy bearings market by application, 2014 - 2025 (USD Billion)
TABLE 67 Eastern Europe bearings market by product, 2014 - 2025 (USD Billion)
TABLE 68 Eastern Europe ball bearings market by product, 2014 - 2025 (USD Billion)
TABLE 69 Eastern Europe roller bearings market by product, 2014 - 2025 (USD Billion)
TABLE 70 Eastern Europe bearings market by application, 2014 - 2025 (USD Billion)
TABLE 71 Asia Pacific bearings market by product, 2014 - 2025 (USD Billion)
TABLE 72 Asia Pacific ball bearings market by product, 2014 - 2025 (USD Billion)
TABLE 73 Asia Pacific roller bearings market by product, 2014 - 2025 (USD Billion)
TABLE 74 Asia Pacific bearings market by application, 2014 - 2025 (USD Billion)
TABLE 75 China bearings market by product, 2014 - 2025 (USD Billion)
TABLE 76 China ball bearings market by product, 2014 - 2025 (USD Billion)
TABLE 77 China roller bearings market by product, 2014 - 2025 (USD Billion)
TABLE 78 China bearings market by application, 2014 - 2025 (USD Billion)
TABLE 79 India bearings market by product, 2014 - 2025 (USD Billion)
TABLE 80 India ball bearings market by product, 2014 - 2025 (USD Billion)
TABLE 81 India roller bearings market by product, 2014 - 2025 (USD Billion)
TABLE 82 India bearings market by application, 2014 - 2025 (USD Billion)
TABLE 83 Japan bearings market by product, 2014 - 2025 (USD Billion)
TABLE 84 Japan ball bearings market by product, 2014 - 2025 (USD Billion)
TABLE 85 Japan roller bearings market by product, 2014 - 2025 (USD Billion)
TABLE 86 Japan bearings market by application, 2014 - 2025 (USD Billion)
TABLE 87 Latin America bearings market by product, 2014 - 2025 (USD Billion)
TABLE 88 Latin America ball bearings market by product, 2014 - 2025 (USD Billion)
TABLE 89 Latin America roller bearings market by product, 2014 - 2025 (USD Billion)
TABLE 90 Latin America bearings market by application, 2014 - 2025 (USD Billion)
TABLE 91 Brazil bearings market by product, 2014 - 2025 (USD Billion)
TABLE 92 Brazil ball bearings market by product, 2014 - 2025 (USD Billion)
TABLE 93 Brazil roller bearings market by product, 2014 - 2025 (USD Billion)
TABLE 94 Brazil bearings market by application, 2014 - 2025 (USD Billion)
TABLE 95 Mexico bearings market by product, 2014 - 2025 (USD Billion)
TABLE 96 Mexico ball bearings market by product, 2014 - 2025 (USD Billion)
TABLE 97 Mexico roller bearings market by product, 2014 - 2025 (USD Billion)
TABLE 98 Mexico bearings market by application, 2014 - 2025 (USD Billion)
TABLE 99 Middle East & Africa bearings market by product, 2014 - 2025 (USD Billion)
TABLE 100 Middle East & Africa ball bearings market by product, 2014 - 2025 (USD Billion)
TABLE 101 Middle East & Africa roller bearings market by product, 2014 - 2025 (USD Billion)
TABLE 102 Middle East & Africa bearings market by application, 2014 - 2025 (USD Billion)

List of Figures

FIG. 1 Research process
FIG. 2 Information procurement
FIG. 3 Bearings regional marketplace: Key takeaways
FIG. 4 Bearings - Trends & outlook
FIG. 5 Bearings - Market segmentation & scope
FIG. 6 Bearings - Market size and growth prospects (USD Billion)
FIG. 7 Bearings - Value chain analysis
FIG. 8 Bearings - Market dynamics
FIG. 9 Bearings - Market driver relevance analysis (Current & future impact)
FIG. 10 Bearings - Market restraint/challenge relevance analysis (Current & future impact)
FIG. 11 Steel price forecast to 2019 (USD)
FIG. 12 Bearings - Market opportunity relevance analysis (Current & future impact)
FIG. 13 Bearings - Penetration & growth prospect mapping
FIG. 14 Bearings - Porter’s analysis
FIG. 15 Bearings - Company market share analysis, 2018
FIG. 16 Bearings - PEST analysis
FIG. 17 Global bearings product outlook, 2018 & 2025
FIG. 18 Bearings application outlook, 2018 & 2025
FIG. 19 Global bearings regional outlook, 2018 & 2025 (USD Billion)
FIG. 20 North America bearings market - Key takeaways
FIG. 21 Europe bearings market - Key takeaways
FIG. 22 Asia Pacific bearings market - Key takeaways
FIG. 23 Latin America bearings market - Key takeaways