Rihoo Industry (Hongkong) Co.,Limited
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Factory Address: No.15, Yangjia, Xu Village, Wanshi, Zhuangshi Street, Zhenhai District, Ningbo, Zhejiang, 315201, China
Tel:+86-574-87626048
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Website: www.rihooindustry.com

In 2014 The World Bearing Market Demand Will Reach 76 Billion Dollars

According to the report, forecast global demand for ball bearing/wheel/bearing until 2014 will grow at an annual rate of 8.5%, reaching $ 76 billion. Interest will contribute to the expansion of economic development and improving fixed investment in developing countries. Is expected to unload the ball and roller bearings will continue to contribute to most of the product sales. And forecasting the demand of more than 54 billion dollars. In the middle of 2009, automotive and machinery market bearing 70% per cent of total sales. The blocks by the end of 2014 forecast period, source of demand will continue to be the maximum.

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