Bearings Market Estimated to Be Valued at $140,792 Million in 2022
Bearings are antifriction devices used in rotating equipment to minimize resistance and reduce wear and tear. These are used in various industries including automotive, electrical, mining & construction, and railway & aerospace and are manufactured using high grade steel or alloy steel. In general, raw materials account for two-thirds of the cost structure of a company. Although bearing manufacturers have higher pricing flexibility due to technology know-how and strong aftermarket presence, their productivity is affected by increase in cost of...
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