Dalian Redmay bearing import & Export Co., Ltd.
Global Bearing Industry Posts Steady 2024 Growth, Fueled by EV and Renewable Energy Demand
June 15, 2024 – The global bearing industry has maintained a stable growth trajectory in the first half of 2024, driven by robust demand from core end-use sectors such as automotive and renewable energy, according to the latest report from the International Bearing Association (IBA). Data shows the global bearing market size reached approximately $68.2 billion in H1 2024, representing a 5.3% year-on-year increase. This growth is primarily attributed to the rapid expansion of the electric...
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