APAC is having the highest market share in the year 2017 followed by Europe and North America as the second for the automotive wheel bearing market HYDERABAD, TELANGANA, INDIA, August 14, 2018 /EINPresswire.com/ — In the Report “Automotive Wheel Bearing Market: By Integration (Front Wheel, Rear Wheel), By Bearing Type (Ball Bearing, Roller Bearing, Plain Bearing, Thrust Bearing), By Vehicle Type (Passenger Vehicle, Heavy Commercial Vehicles, Light Commercial Vehicles, Two Wheelers) By Geography – Forecast (2018 – 2023)” published by IndustryARC, growing average period of vehicles is key factor fueling the market growth. The market research analysis identifies the development of public transport facilities and the push towards green mobility as some of the key growth factors for the global automotive wheel bearings market. The robust spending on developing public road systems and the popularity of electric vehicles will fuel the growth of the automotive wheel bearings market in the next four years. Asia-Pacific Dominates with Major Growth in the Automotive Wheel Bearing Market Asia-Pacific accounted for the major share of the automotive wheel bearings market during 2017, and countries such as China and India contribute for the major shares in this region. Apart from the automotive sector, the findings… Read full this story
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Automotive Wheel Bearing Market is anticipated to grow with a CAGR of 5.52% from the year 2018 to 2025 have 301 words, post on world.einnews.com at August 14, 2018. This is cached page on Auto Breaking News. If you want remove this page, please contact us.