Poised to Grow
Bearings play an important role in the smooth operation of construction equipment. Construction and mining equipment work in harsh and challenging conditions performing heavy-duty jobs, compared with the passenger vehicles. The bearings for such applications require some degree of ruggedness to handle the challenges of dust, mud, and huge loads. There has been a host of new innovations taking place in the construction and mining equipment to improve their efficiency and productivity. To meet the changing requirements from construction and mining OEMs, innovative design improvements are taking place in bearings also. To effectively manage and meet the technology parameters and changing quality requirements, it is ideal that the construction equipment OEMs work directly with bearing manufacturers to choose the right bearing solution. <p></p><p>Construction equipment OEMs are exploring new technologies that provide productivity and fuel efficiency to the machines. With the next level emission regulations are around the corner, CE manufacturers are adopting clean energy sources and methods to stay in the market. Bearing manufacturers are contributing to this with technologically advanced products and solutions.</p><p>Bearings enhance equipment performance and reduce energy and lubricant consumption. Growing application of bearings in various industrial sectors and the demand growth of heavy machinery for construction, mining and material handling applications are driving the demand for industrial bearings. Asia-Pacific is the most dominating region for bearings globally, led by China and India. The growing infrastructure and construction segments are driving the demand for high-capacity bearings in India. </p><p>According to bearing manufacturers, the market for industrial bearings is progressing exponentially. Every year, the growth is upwards, with demands increasing every passing day. With the construction equipment market is anticipated to grow in double-digits in the coming years, bearing manufacturers are also expecting a growth in the same line that of the construction equipment, in the coming years. All these, combined with the government's forward looking policies such as "Make in India", the bearings market is sure to have a positive outlook. </p><p></p>