Global Composite Bearings Market is Expected to Grow at 6.3% in the Forecast Period of 2021 to 2028

Global Composite Bearings Market is forecasted to grow at 6.3% with factors such as the rising preference for lightweight components across various industries across the globe.

Composite bearings market has shown an exceptional penetration in countries such as China, U.S. and Germany. Increasing demand of self-lubricating bearings in automotive sector is boosting the growth in developed countries. In developing countries, strong distribution network including multi-brand stores and online retailers is creating opportunity for the global composite bearings market.

Composite bearings Market Scenario

According to Data Bridge Market Research, the market for composite bearings in Asia-Pacific region has the highest market share followed by Europe and North America. Market leader is Rheinmetall Automotive AG (As a Subsidary of Rheinmetall) which accounts an estimated market share of approximately 12% to 14% in the global composite bearings market. The company has gained outstanding sale through their automotive solutions.

  • In September 2019, Rheinmetall Automotive AG company has decided to develop and manufactures innovative load-bearing structural components made of carbon fiber-reinforced­ plastic (CFRP). This development helps the company to increase revenue.

Composite Bearings MarketTrends Impacting the Market

Now the question is which other regions Rheinmetall Automotive AG (As a Subsidary of Rheinmetall), SKF and Schaeffler AG are targeting? Data Bridge Market Research has estimated a large growth in Asia-Pacific composite bearing market and the market leaders targeting China, Japan and India to be their next revenue pockets for 2021.

The composite bearings market is becoming more competitive every year with companies such as regions Rheinmetall Automotive AG (As a Subsidary of Rheinmetall), SKF and Schaeffler AG as they are the market leaders for composite bearings. The Data Bridge Market Research new reports highlight the major growth factors and opportunities in the composite bearings market.                                                                                                

For more analysis on the composite bearings market request for a briefing with our analysts

Composite bearings Market Development

  • In October 2019, Trelleborg Group has launched a new product name Orkot. The product is more used in the aerospace industry. This development helps the company to increase revenue.

Scope of the Composite Bearings Market

Global composite bearings market is segmented on the basis of countries into the U.S., Canada, Mexico, Germany, U.K., Italy, France, Spain, Russia, Turkey, Switzerland, Belgium, Netherlands, Rest of Europe, Japan, China, South Korea, India, Australia and New Zealand, Singapore, Thailand, , Indonesia, Malaysia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, South Africa, Egypt, Saudi Arabia, U.A.E., Israel, Rest of Middle East & Africa.

  • All country based analysis of composite bearings market is further analyzed based on further segmentation. On the basis of product type, the market is segmented into fiber matrix and metal matrix. On the basis of material, the market is segmented into poly tetra fluoro ethylene (PTFE) composite and poly oxy methylene (POM) composite. On the basis of form, the market is segmented into cylindrical bushes, flanged bushes, sliding plates, thrust washers and flanged washers. On the basis of distribution channel, the market is segmented into offline and online. On the basis of application, the market is segmented into construction & mining, automotive, aerospace, agriculture, marine, renewable energy, food & beverage, gym equipment, oil & gas, hydraulic industry and others.

To know more about the study

Key Pointers Covered in Composite Bearings Market Industry Trends and Forecast to 2028

  • Market Size
  • Market Standards and Changes
  • Market Trials in Different Regions
  • Market Requirements in Different Regions
  • Market Shares in Different Regions
  • Recent Developments for Market Competitors
  • Recent Market Value for Different regions
  • Sales Data for Market Competitors
  • Key Vendors and Disruptors Study
  • Supply Chain Competiveness

Key Market Competitors Covered in the Report

  • Polygon Company
  • Schaeffler AG
  • Huntsman International LLC
  • HyComp LLC (a subsidiary of Saint-Gobain)
  • GGB    (a subsidiary of Enpro Industries)
  • SGL Carbon
  • CIP Composites
  • Rexnord Corporation
  • Tenneco Inc.
  • TIODIZE Co., Inc.
  • Trelleborg AB
  • KOR-PAK Corporation
  • RBC Bearings Incorporated
  • TriStar Plastics Corp.
  • SKF
  • Quality Pacific Manufacturing, Inc.
  • FTL Technology/IDEX  (a subsidiary of IDEX)
  • Technoslide
  • Rheinmetall Automotive AG (a subsidiary of Rheinmetall AG)

Above are the key players covered in the report, to know about more and exhaustive list of composite bearings companies, contact us

Research Methodology: Global Composite Bearings Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, top to bottom analysis and vendor share analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Primary Respondents

  • Demand Side: Automotive Industry
  • Supply Side: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory Affairs Managers among others.

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