About Plain Bearing
Bearings, also referred to as anti-friction machinery, are units that increase resistance and mobility of components. These components are broadly used in pumps, vehicles and gearboxes. Growing automotive sector globally is the key factor growing plain bearing market. In addition, increasing application in Industrial, Electrical, Energy, Railway and Aerospace, Mining and Construction Machinery, Agricultural & Gardening Equipment and Oilfield Machinery significantly growing the market.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 6.26% |
Major players operating in the United States market for miniature power drills have implemented key strategies, like a product launch and business expansion, to improve their market outreach and maintain intense competition in the market. Analyst at AMA Research estimates that Global Manufacturers will contribute the maximum growth to Global Plain Bearing market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
NTN Corporation (Japan), Schaeffler Technologies AG & Co. KG (Germany), Timken Company (United States), THK Co. Ltd. (Japan), NSK Ltd. (Japan), RBC Bearings Incorporated (United States), Minebea Mitsumi Inc. (Japan), SGL Group (Germany), GB Bearing Technology, IGUS (Germany), Kashima Bearings, Inc. (Japan), Boston Gear LLC (United States), Thomson Industries, Inc. (United States), Zollern GmbH & Co. Kg (Germany), PBC Linear (United States) and Other are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are SKF Group (Sweden).
Segmentation Overview
AMA Research has segmented the market of Global Plain Bearing market by Type (Journal Plain Bearing, Linear Plain Bearing, Thrust Plain Bearing, Angular Contact Plain Bearing, Other Plain Bearings and Others) and Region.
On the basis of geography, the market of Plain Bearing has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Material , the sub-segment i.e. Bronze will boost the Plain Bearing market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Automotive will boost the Plain Bearing market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rising Adoption of Lightweight Bearings in Automotive Sector
Market Growth Drivers:
Less Production Cost of Plain Bearings and Increasing demand of sensor-equipped and Plain Bearings
Challenges:
Easy Availability of Forged Products
Restraints:
Increasing Cost of Steel
Opportunities:
Growing Automotive Industry in Emerging Economies and Technological Development to Produce Smart Bearings
Market Leaders and their expansionary development strategies
In January 2024, CARTER AMERICAS SPONSOR LAUNCHED CANADA FOR ADVANCED BEARING SOLUTIONS FOR ROCKET PROPULSION. This partnership, with the inaugural project's success, is led by CARTER AMERICAS, their US-based facility, supporting 'Launch Canada' on a non-profit basis.
Key Target Audience
Automotive, Industrial, Electrical, Energy, Railway and Aerospace, Mining and Construction Machinery, Agricultural & Gardening Equipment, Oilfield Machinery, Plain Bearing Manufacturers, Suppliers and Distributors, Government Regulatory and Research Organizations, Investment Research Firms / Associations and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.