Automotive Hub Bearing Market Will Reach Usd 8.50 Billion by 2021, Globally

Published By:Zion Market Research

Automotive Hub Bearing Market by Technology (Ball and Tapered) for Passenger Vehicle and
Commercial Vehicle Applications: Global Industry Perspective, Comprehensive Analysis, Size,
Share, Growth, Segment, Trends and Forecast, 2015 – 2021

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Automotive Hub Bearing Market

Zion Market Research has published a new report titled “Automotive Hub Bearing Market by
Technology (Ball and Tapered) for Passenger Vehicle and Commercial Vehicle
Applications: Global Industry Perspective, Comprehensive Analysis, and Forecast, 20152021.” According to the report, global demand for automotive hub bearing as valued at USD
5.50 billion in 2015 is expected to reach USD 8.50 billion in 2021 and is anticipated to grow
at a CAGR of 8.5% between 2015 and 2021. In terms of volume, the global automotive hub
bearing market stood at 425 million units in 2015.
Bearing is an important part that is employed in the vehicles or automotive machine. The
term "bearing" is derived from the verb "to bear", a bearing being a machine element that
allows one part to bear (i.e., to support) another. The bearing is of different types especially
used in wheel hub, interior, engine, and transmission system for reducing friction between
moving parts of automobile.
Browse the full "Automotive Hub Bearing Market by Technology (Ball and Tapered) for
Passenger Vehicle and Commercial Vehicle Applications: Global Industry
Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends and
Forecast, 2015 – 2021" report at https://www.zionmarketresearch.com/report/globalautomotive-hub-bearing-market

Automotive Hub Bearing Market
Rapidly growing demand of vehicles for transportation purpose across the globe is a major
driving factor of the...