Market Highlights: 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. The market study is being classified by Type (Journal Plain Bearing, Linear Plain Bearing, Thrust Plain Bearing, Angular Contact Plain Bearing, Other Plain Bearings and Others) and major geographies with country level break-up that includes 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).
Key Players: The prominent players in the Plain Bearing are 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.
Major Market Development Highlights Recently in 2018, Timken Company global manufactures of bearings acquired Rollon Corp which operates in designs and manufacturing of railway, medical industrial machinery, linear rails, automation, telescopic rails, special vehicles, logistics, and linear actuators for aerospace.
Key Questions Answered in the Report What will the Plain Bearing Market size and the growth rate be in Future? What are the key factors driving the Plain Bearing Market? What are the key market trends and macro-economic impacting the growth of the Plain Bearing Market? What are the challenges to market growth? Who are the key vendors in the Plain Bearing Market? What are the market opportunities and threats faced by the vendors in the Plain Bearing Market? Trending factors influencing the market shares of the Manufacturers. What are the key outcomes of the five forces analysis of the Plain Bearing Market?
Research Methodology: The top-down and bottom-up approaches are used to estimate and validate the size of the Global Plain Bearing market. In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Plain Bearing market. In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc. Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes 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. This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth etc. Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases etc.