Global and China Bearing Industry Report, 2009-2010 - By ResearchInChina
In 2009, affected by the global financial crisis, the global sales of bearings fell by 12.5% year on year to USD34 billion; due to the continuous downturn of the automotive industry, the contribution of automotive bearing to the total sales of bearings dropped to less than 30%, while the machinery bearing’s grew to over 40%. At the same time, the world’s eight major bearing companies all saw sales decline, as shown below:
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