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bearings market

The global bearings market is fairly static with growth between 0-1% year-on-year with an estimated value of £27bn according to skf.com. They also state that the Industrial bearing market accounted for almost 40% of world demand with sales through distributors coming a close second at 30%.

Although fragmented, the highest growth market is China with their worldwide share growing to 30% – mainly thanks to a few international bearing companies accounting for a third of this market share