January 24, 2021

Automotive Bearing Market to Reach $48.41 Bn, Globally, by 2027 at 6.8% CAGR: Allied Market Research

Inclination toward lowering weight of vehicles and rise in production and sales activities of automobiles worldwide fuel the growth of the global automotive bearings market

PORTLAND, Ore., Oct. 7, 2020 /PRNewswire/ — Allied Market Research published a report, titled, Automotive Bearings Market by Bearing Type (Ball Bearing, Roller Bearing, and Others) and Vehicle Type (Passenger Car, Commercial Vehicle, and Two-wheeler), and Distribution Channel (OEM and Aftermarket): Global Opportunity Analysis and Industry Forecast, 2020–2027.” According to the report, the global automotive bearings industry generated $31.60 billion in 2019, and is estimated to reach $48.41 billion by 2027, growing at a CAGR of 6.8% from 2020 to 2027.

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Prime determinants of growth

Focus on overall weight reduction of vehicles and surge in production and sales of automobiles across the globe drive the global automotive bearings market. However, rise in vehicle electrification and variations in raw materials

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Automotive Paints Market worth $12.34 Billion by 2026: Allied Market Research

The MarketWatch News Department was not involved in the creation of this content.

Portland, OR, Sep 28, 2020 (GLOBE NEWSWIRE via COMTEX) —
Portland, OR, Sept. 28, 2020 (GLOBE NEWSWIRE) — According to the report published by Allied Market Research, the global automotive paints market generated $8.78 billion in 2018, and is estimated to reach $12.34 billion by 2026, registering a CAGR of 4.2% from 2019 to 2026. The report offers an extensive analysis of changing market dynamics, key winning strategies, business performance, major segments, and competitive scenarios.

Surge in production of automobile and growing demand for eco-friendly automotive paints across the globe drive the growth of the global automotive paints market. However, high cost associated with the raw materials restrains the market growth. Furthermore, increase in adoption of powder coatings is expected to provide new growth opportunities to the market in the near future.

Download Report Sample at https://www.alliedmarketresearch.com/request-sample/686

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