Rheinmetall Automotive AG (a subsidiary of Rheinmetall), SKF and Schaeffler AG are Dominating the Global Composite Bearings Market in 2020

Global Composite Bearings Market is expected to grow with the CAGR of 6.3% in the forecast period of 2021 to 2028. The years considered for study are as mentioned below.

Access Full Report @ https://www.databridgemarketresearch.com/reports/global-composite-bearings-market

Global composite bearings market is a highly consolidated market, which includes specific number of key players as well as local players. The market has witnessed increased strategic developments owing to favourable market scenario.

The major players dealing in global composite bearings market are introducing strong range of product portfolio. This helped companies to maximize the sales with enhanced product portfolio.

For instance,

  • In October 2020, Tenneco Inc. participated in the China Wind Power Show 2020 and showcased the DEVA self-lubricating, maintenance-free bearings that reduce wind turbine downtimes and maintenance costs. This development helps the company to increase revenue.

Rheinmetall Automotive AG (a subsidiary of Rheinmetall AG) is the dominating player in the market and the other players in the market are 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., SPAULDING COMPOSITES, 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), and Technoslide among others.

Composite Bearings MarketRheinmetall Automotive AG (a subsidiary of Rheinmetall)

Rheinmetall Automotive AG (a subsidiary of Rheinmetall AG) is headquartered in Neckarsulm, Germany which was founded in 1909. The company is engaged in the manufacturing of pistons, engine blocks and plain bearings. The company have wide product category such as passenger cars, commercial vehicles, e-mobility and industries out of which market focused product category is passenger cars and commercial vehicles. The company has wide global presence across the Asia-Pacific, Europe, North America, South America and Middle East and Africa. Company have several subsidiary which are  KS Kolbenschmidt GmbH (Germany), Pierburg GmbH (Germany), KS Kolbenschmidt US, Inc. (U.S.), BF Germany GmbH (Germany), Pierburg Pump Technology GmbH (Germany) and many others.

For instance

  • In September 2019, Rheinmetall Automotive AG company have 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.

SKF

SKF is headquartered in Gothenburg, Sweden and it was founded in year 1907 as public ownership. The company is engaged in the design and manufacture of bearings, seals and lubrication systems. The company have business segment which are Industrial and Automotive under which industrial is market focused category. The company offers wide range of product categories such as Rolling bearings, Mounted bearings and housings, Super-precision bearings, Slewing bearings, Plain bearings, Magnetic bearings and systems, Industrial seals, Automotive seals, Lubrication management, Maintenance Products, Condition monitoring systems, Power transmission solutions, Test and measuring equipment and Vehicle Aftermarket under which mounted bearings and housings and plain bearings is market focused category. The company has presence in Asia-Pacific, Europe, North America, South America and Middle East and Africa.

For instance

  • In September 2020, SKF company has decided to bring up new bearing technology named Bearings 2.0, speeding up industrial digitalization and creating new business models. This development helps the company to increase revenue.

Schaeffler AG

Schaeffler AG is headquartered in Herzogenaurach, Germany and founded in 1883. The company is engaged in the manufacturing of needle roller bearing cage and needle roller bearings for automotive industry. The company have business segment which are automotive technologies, automotive aftermarket and industrial out of which automotive technologies is market focused business segment. The company has product categories which are Automotive Technologies, Automotive Aftermarket, Industrial and Products out of which Automotive Technologies is market focused product category. The company has wide global presence in Asia-Pacific, Europe, North America, South America and Middle East and Africa. Company has several subsidiaries which are Schaeffler (UK) Ltd.) (U.K.), FAG Industrial Services GmbH (Germany), Barden Corporation (U.K.), INA - Drives & Mechatronics AG & Co. KG (Germany) and XTRONIC GmbH (Germany) among others.

For instance

  • In August 2020, Schaeffler AG, on its 75th anniversary, showcased plain bearings products name ELGOTEX and ELGOGLIDE. This development helps the company to increase revenue.