Global Bearing Seals Market to Surpass Valuation of USD 3,961.7 Million by 2032, at 6.32% CAGR: Astute Analytica [Yahoo! Finance]
SKF AB S/ADR (SKFRY)
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Source: Yahoo! Finance
Major players compete on innovation, sustainability, and expansion into emerging markets. Customization, mergers and acquisitions, and sustainability are defining trends within this dynamic sector. New Delhi, March 18, 2024 (GLOBE NEWSWIRE) -- According to the latest Astute Analytica study, the global bearing seals market is projected to surpass US$ 3,961.7 million by 2032, up from US$ 2,282.1 million in 2023, at a CAGR of 6.32% during the forecast period 2024–2032. The global bearing seals market is set to expand in the next couple of years. It has been fueled by the rising worldwide demand for bearings across numerous industries. Wherein, the largest consumer of bearing seals is the automotive sector; this includes their integration into wheels, transmissions, and engines. The demand continues to rise due to the rapid growth of electric vehicles. Bearing seals are also used in heavy machinery, such as construction and mining, within the aerospace industry and much more. This ran
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