The global bearings market grew 4% in CY14 reaching total size of USD 40 billion. The industrial original equipment bearing markets accounted for ~40% of world demand and included manufacturers of light and heavy industrial machines and equipment, as well as aerospace, off-highway and railway vehicles. Sales through distributors (industrial distribution and the independent vehicle aftermarket) maintained around 30% of world bearing demand, of which around 30% is related to the vehicle service market and around 70% to the industrial market. The automotive original equipment bearing markets, including two and four-wheelers, accounted for ~30%....