Monday, 26 June 2017

Global Bearings Market in the Construction Industry to Surpass $6 Million in Revenue by 2022, Says Infiniti Research


bearings market is set for steady growth over the next five

years according to analysts at Infiniti Research. The growth of the

market is being driven mainly by Home Improvement in College Station two segments; the construction industry

and the food and beverage industry.

"The construction segment is the larger of the two because the

construction equipment industry is larger than food processing industry.

This is also evident in the comparative sizes of the bearings market for

construction and food processing segments," says Infiniti Research. In

their latest study, Infiniti

Research notes the bearings market in the construction segment

will reach Best Home Improvement College Station USD 6.25 million in revenue in 2022, up from USD 3.65

million in 2016.

Despite being the smal ler segment, the global bearings market in the

food and beverage segment is growing at a similar pace. Between

2016-2022, the bearings market in food and beverage is expected to grow

at a CAGR of 6.5%, slightly slower than the construction segment which

is growing at a CAGR of 7.1% during the same duration.

View the study:

What's Driving Market Growth?

Infiniti Research industrial

and manufacturing analysts highlight the following factors that

are contributing to the growth of the global bearings market in the

construction and food and beverage segments for the forecast period


Global Bearings Market for Construction Equipment

Emerging markets with infrastructure needs continue to accelerate the

growth of construction equipment manufacturing, which in-turn drives

the bearing market in construction segment

Manufacturers are introducing new products designed to meet the

requirements of the construction industry, for example, bearings that

have high load capacity and can operate continuously for 24X7

Emerging technologies such as IC tagged bearings that record and relay

operation data and simplify periodic inspection of vehicles are also

driving the market growth

Global Bearings Market for Food and Beverages

Growth in the end-user industry is expected to be stable and provide a

consistent revenue stream for bearing manufacturers

Introduction of new line of products specific to the food and beverage

processing industry are creating new markets

Development of value added services such as on-line systems to report

the condition of bearings are also generating growth opportunities

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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

intellig ent 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.

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