More Info: http://www.qyresearchglobal.com/goods-886043.html Mexico Bearings Market Research Report 2017 is a professional and in-depth study on the current state of the Bearings industry. Annual estimates and forecasts are provided for the period 2017 through 2022. Also, a six-year historic analysis is provided for these markets. The Mexico market for Bearings is expected to reach about 602.39 million USD by 2022 from 452.89 million USD in 2017, registering a Compounded Annual Growth Rate (CAGR) of 5.87% during the analysis period, 2017-2022.
QYResearch • First, for industry structure analysis, the Bearings industry is relatively concentrated. These manufacturers range from large multinational corporations to small privately owned companies compete in this industry. The top five producers account for about 46 % of the revenue market. • Second, the revenue of Bearings increased from 349.47 million dollars in 2012 to 425.88 million dollars in 2016 with an average growth rate of 5.08%. • Third, according to QYResearch, ball bearings occupied 66.71% of the revenue market in 2016, while roller bearings accounts for around 33.29% of the total industry. As for application field, Automotive Industry and Industrial Machine are the largest two application fields which account for 45.23% and 31.46% respectively. Aerospace industry is smaller with 10.54% in 2016 and other application accounts for about 12.77% of the market. www.qyresearch.com
QYResearch Fourth, for price trend analysis, a key variable in the performance of Bearings producers is raw material costs, specifically the speed at which any increase can be passed through to customers. www.qyresearch.com