Lucintel Forecasts the Global Agriculture Bearing Market to Reach $10 Billion by 2030
Lucintel Forecasts the Global Agriculture Bearing Market to Reach $10 Billion by 2030
Blog Article
According to a market report by Lucintel, the future of the global agriculture bearing market looks promising with opportunities in the harvester, tractor, tillage & sowing/seeding, and mower markets. The global agriculture bearing market is expected to reach an estimated $10 billion by 2030 from $7 billion in 2024 at a CAGR of 6.4% from 2024 to 2030. The major drivers for this market are growing agricultural activities and rising demand for reliable and technologically advanced agricultural equipment across the globe.
A more than 150-page report to understand trends, opportunity and forecast in global agriculture bearing market to 2030 by bearing type (ball bearing, roller bearing, and others), material type (metallic bearings, non-metallic bearings, and hybrid bearings), application (harvesters, tractors, tillage & sowing/seeding, mower, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that ball bearing segment is expected to witness the highest growth over the forecast period.
Within this market, harvestors will remain the largest segment.
APAC is expected to witness the highest growth over the forecast period.
Ab SKF, Schaeffler Technologies, NSK, The Timken Company, JTEKT Corporation, NTN Corporation, C&U, Lyc Bearing Corporation, Trelleborg, Harbin Bearing Manufacturing are the major suppliers in the agriculture bearing market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected]. To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
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Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. +1-972-636-5056