- Composite bearings are critical materials used across a wide range of industries including electronics, medical devices, automotive, aerospace, and energy, due to their superior thermal resistance, electrical insulation, biocompatibility, and mechanical strength
- The demand for these materials is significantly driven by technological advancements, the rise in electric vehicle production, and growing adoption in semiconductor and medical applications
- North America is expected to dominate the composite bearings market with the largest market share of 29.11%, driven by a strong industrial base, robust R&D investments, and a high concentration of leading market players in sectors such as aerospace, defense, and healthcare
- Asia-Pacific is expected to dominate the composite bearings market, driven by the region’s strong presence in manufacturing, automotive production, and industrial machinery sectors
- The cylindrical bushes segment is expected to dominate the market with the largest market share of 40.31% due to their widespread application in reducing vibrations and noise in engines, particularly within the automotive and renewable energy sectors. Their versatility and effectiveness in various mechanical systems make them a preferred choice across multiple industries
