Home > Industry > The global bearing market is expected to reach $52.44 billion by 2026

The global bearing market is expected to reach $52.44 billion by 2026

wallpapers Industry 2020-02-28

• Industry information

In 2018, the global bearing market was $39.46 billion and was expected to reach $52.44 billion by 2026 Yuan, CAGR is 3.6% over the forecast period (2019-2026).

The bearing industry is expected to see significant growth due to increased demand from the automotive sector. Due to gearbox, hub, unloading Feedstock and other USES, motor pumps, and engines in the automotive industry. Besides,machinery plus, it is expected to further lead to the growth of the bearing market. The augment in food processing, and packaging equipment has led to food and beverages material machinery growth.
 


 

According to the source, the plant and machinery sector of the food processing industry is worth $17.3 billion in 2017 and is expected to reach 2025. It will reach $51.41 billion annually. The company is committed to developing bearings suitable for the food and beverage industry. The company has developed water-borne bearings that are resistant to high corrosion in the food and beverage industry. Water bottle bearings are cost-effective and resistant strong corrosion ability, high-temperature resistance 1 50 degrees Celsius characteristics.

• Bearing knowledge

Deep groove ball bearing mainly takes the radial load, but also can take both radial load and axial load. When it only bears the radial load, the contact angle is zero. When deep groove ball bearing has an ample radial clearance, it has the performance of angular contact bearing and can bear a large axial load. The friction coefficient of the deep groove ball bearing is small, and the limit speed is high.
 


 

The deep groove ball bearing is one of the most representative of rolling bearings, widely used, which is suitable for running at high or even very high speeds, and very durable, without constant maintenance.

This bearing not only has a small friction coefficient, high limit speed, simple structure, low manufacturing cost but also is easy to achieve high manufacturing accuracy. It is the most widely used type of bearing in the mechanical industry. Mainly bear radial load, but also can carry a certain amount of axial load.


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