Global Rod End Joint Bearing Market is valued USD XXX billion in 2016 is anticipated to grow USD XXX billion with the compounded annual growth of XX% over the forecast period 2018-2025.
New York 24 Aug 2018, As per the new research study conducted by Bizwit Research & Consulting, Global Rod End Joint Bearing market industry is poised to raise USD XXX billion by 2025. The major factors expected to augment the market are rapid increase in end-use industry like automotive, agriculture, military, & others and its cost effectiveness. A rod end bearing, also known as a heim joint or rose joint, is a mechanical articulating joint. Such joints are used on the ends of control rods, steering links, tie rods, or anywhere a precision articulating joint is required.
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Global Rod End Joint Bearing Market Size Study By Type (Sliding Surface, Angular Contact and Others), By Application (Forging Machine, Hydraulic Cylinder, Engineering Machinery, and Other), and By Regional (North America, Europe, Asia Pacific, Latin America, and Rest of the World) Forecasts, 2018-2025
The industry is seeming to be fairly competitive. Some of the leading market players include Nachi Bearings, NSK Ltd., ZKL Group, IDC, SKF, INA Bearings, TIMKEN, FAG Bearings, NTN Corporation and Koyo, and so on. The fierce competitiveness has made these players spend in product developments to improve the customer’s requirements.
Key findings of the study:
- North America region accounted for the leading market share, more than XX % of the total market in 2016.
- The Asia Pacific region will be the highest growing segment with respect to geographical segmentation, the region is likely to grow by XX% CAGR over the forecast period 2018-2025
Bizwit Research & Consulting LLP has considered following segments for the study:
- Sliding Surface
- Angular Contact
- Forging Machine
- Hydraulic Cylinder
- Engineering Machinery
- North America
- Asia Pacific
- Latin America
- Rest of the World