Regional Insights: Exploring Material Handling Bearings Market Growth Across Key Geographies
The material handling bearings market was estimated at USD 1.6 billion in 2020 and is likely to grow at a CAGR of 5.9% during 2021-2026 to reach USD 2.3 billion in 2026.
Smooth operation of industrial sectors requires materials to be moved around swiftly and effectively. For these applications’ material handling equipment are widely used across the industries. These equipment’s have many moving parts, that deploy bearings to enable rotational or linear movement while reducing friction and handling stress.