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Composite Bearings market Estimated size Expand at a Robust CAGR over 2026

Composite Bearings market Estimated size Expand at a Robust CAGR over 2026
Composite Bearings market Estimated size Expand at a Robust CAGR over 2026
BriefingWire.com, 4/12/2021 -
According to Stratistics MRC, the Global Composite Bearings market accounted for $ 3.80 billion in 2017 and is expected to reach $ 8.19 billion by 2026 growing at a CAGR of 8.9% during the forecast period. Some of the key factors such as increasing need of long product life with low maintenance cost, rapid technological advancements in production process, longer product life and providing superior mechanical properties and rising use of self-lubricating composite bearing are driving the market growth. However, the tough competition from single metal bearing manufacturers and rise in cost of raw material & production cost are the restraining factors for the market growth. Moreover, high demand from applications like automotive and agriculture ....

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Composite Bearings Market 2017-2026 By Growth Factors, Applications, Regional Analysis, Key Players

Composite Bearings Market 2017-2026 By Growth Factors, Applications, Regional Analysis, Key Players
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