Global Plain Bearing Market, By Product (Journal, Linear, Thrust, Angular Contact, Others), End User (Automotive, Industrial, Aerospace, Energy, Elevators, Construction Machinery, Agriculture & Gardening Equipment, Oilfield Machinery, Office Products and Others), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East & Africa) Industry Trends and Forecast to 2027
Market Analysis and Insights of Global Plain Bearing Market
Global plain bearing market is expected to gain market growth in the forecast period of 2020 to 2027. Data Bridge Market Research analyses the market to grow at a CAGR of 5.0% in the above-mentioned forecast period. The introduction of smart bearing is expected to create new opportunities for plain bearing manufacturers in the near future.
Growth in motor vehicle demand worldwide has fuelled the growth in the plain bearing market. The growing demand for bearings in the defence and aerospace sector is driving global market
Increased production of heavy machinery and faster industrialization is expected to boost the market growth over the forecast period and also by increasing the use of high-efficiency bearings in wind turbines to increase turbine performance and reduce lubricant use. Bearings support radial and axial loads, reduce rotational friction and can sustain heavier radial loads and limited axial loads than ball bearings. A comprehensive assessment of various industry roller bearings, including automotive, home appliances, aerospace and industrial equipment, is expected to positively impact the market growth over the forecast period.
Restrictions increasing in the technological innovations and volatility in raw material prices hinder market growth and also the growing counterfeit products can inhibit the market growth.
Various market players have growth opportunities in emerging economies and new product innovation and development opportunities in the global market. The main challenge is the increasing number of counterfeit products, which is a tough task to win and achieve for various players in the market over the coming years.
This plain bearing market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on Data Bridge Market Research plain bearing market contact us for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Plain Bearing Market Scope and Market Size
The plain bearing market is segmented on the basis of type and end user. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- Based on product, the plain bearing market is segmented into journal, linear, thrust, angular contact, others.
- Based on end user, the plain bearing market is segmented into , industrial, , energy, elevators, construction machinery, , oilfield machinery, office products and others.
Global Plain Bearing Market Country Level Analysis
The plain bearing market is analysed and market size insights and trends are provided by country, type and end use as referenced above.
The countries covered in the plain bearing market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the plain bearing market due to the high prevalence of increasing demand for plain bearings from various end-user industries such as automobile, aerospace, industrial, fuel, construction, agricultural and horticultural equipment, oilfield machinery, and office products. China, India, and Japan are the leading countries in the production and use of plain bearings in the Asia-Pacific region. In addition, raw materials and labour are expected to increase the growth of the plain bearing market in the Asia-Pacific region, the low-cost production of plain bearings in the Asia-Pacific and increasing demand for plain bearings from end-use industries is driving the market growth in the region.
The country section of the plain bearing market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure growth Installed base and New Technology Penetration
The plain bearing market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment’s, installed base of different kind of products for plain bearing market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the plain bearing market. The data is available for historic period 2010 to 2018.
Competitive Landscape and Global Plain Bearing Market Share Analysis
The plain bearing market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to plain bearing market.
The major players covered in the plain bearing market report are Boston Gear LLC, GGB Bearing Technology, IGUS, Kashima Bearings, Inc., Minebea Mitsumi Inc., NSK Ltd., NTN Corporation, PBC Linear, RBC Bearings Incorporated, SGL Group, SKF Group, Schaeffler Technologies Ag & Co. KG, THK Co., Ltd., Thomson Industries, Inc., Timken Company, Zollern GmbH & Co. KG among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customised to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analysed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Factbook) or can assist you in creating presentations from the data sets available in the report.