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ROLLING BEARING STEEL MARKET ANALYSIS

Rolling Bearing Steel Market, by Component Type, (Outer & Inner Ring, Steel Ball, and Cage), by Product Type (Cylindrical rolling bearing, Tapered rolling bearing, Spherical rolling bearing, Thrust rolling bearing, and Needle rolling bearing), by Material Type (High-carbon chromium bearing steel, Case hardening bearing steel, and Others (Stainless hardening & high temperature bearing steel and Medium-carbon bearing steel)), by Application (Automobile, Aviation, Railways, Mining & Construction Equipment, and Others (Agriculture and Wind Turbines)), and by Region (North America, Latin America, Europe, Asia Pacific, and Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022-2028

Rolling Bearing Steel MarketSize and Trends

Market Dynamics

Growing automotive industry across the globe, is a key driving factor for growth of the rolling bearing steel market as rolling bearing steels are widely used in automobile engines, powertrain, and others. According to International Organization of Motor Vehicle manufacturers, in 2016, the automotive industry produced 94,976,569 unit of vehicles (including cars and commercial vehicles), globally, which increased to 97,302,534 unit of vehicles in 2017. Rising production of vehicles may propel the rolling bearing steel market in the near future.

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