The agricultural bearings market is estimated to grow at a decent CAGR of 2.9% during 2021-2026 to reach the figure of US$ 1.8 Billion in 2026.
Agricultural use currently dominates around one-third of the earth's surface and ever since the first agricultural activities started, technological developments have consistently contributed to the increased productivity and yield in order to feed an ever-increasing population. At present, the demand for solutions that will keep farmers' equipment in the field running constantly is bigger than it has ever been. Farmers are using equipment longer, faster, and harder than ever before in order to maximize output. Agriculture equipment must meet a variety of performance and environmental demands that change not only with the type of crop but also with geographic location. Bearing plays a pivotal role in the smooth functioning of these agricultural equipment. As the demand for reliable and technologically advanced agricultural equipment is growing, bearing manufacturers are continuously advancing their product offering to meet the rising challenges of OEMs.
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