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Global Motor Bearing Market Projected to Reach USD 16,623.7 Million by 2034, Driven by Electric Vehicle Demand and Industrial Automation Growth | Future Market Insights, Inc. [Yahoo! Finan...

Timken Company (The) (TKR) 
Last timken company (the) earnings: 5/1 06:51 am Check Earnings Report
US:NYSE Investor Relations: investors.timken.com
Company Research Source: Yahoo! Finance
electric vehicles, and advancements in industrial automation. Key players in the industry are focusing on technological innovations to enhance performance and efficiency. NEWARK, Del, Nov. 20, 2024 (GLOBE NEWSWIRE) -- According to a Future Market Insights (FMI), the global motor bearing market is poised for significant growth, with projections indicating a market value of USD 8,031.5 Million in 2024 and an anticipated year-on-year growth of . By 2034, the demand for engine bearings is expected to reach USD 16,623.7 Million , reflecting a robust compound annual growth rate (CAGR) of from 2024 to 2034. This press release outlines the key aspects of the motor bearing market, including its industry overview, market characteristics, scope across various industries, driving factors, and insights from market studies. The motor bearing market encompasses a wide range of products designed to reduce friction between moving parts in various applications, particularly in automotive and indust Show less Read more
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