What is Plain Bearing Market?
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. According to AMA, the Global Plain Bearing market is expected to see growth rate of 6.26%
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 profiled in the study. Additionally, the Manufacturers which are also part of the research are SKF Group (Sweden).
Research Analyst at AMA predicts that United States, Germany, Japan Manufacturers will contribute to the maximum growth of Global Plain Bearing market throughout the predicted period.
Analyst at AMA have segmented the market study of Global Plain Bearing market by Type, Application 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). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Less Production Cost of Plain Bearings
- Increasing demand of sensor-equipped and Plain Bearings
- Rising Adoption of Lightweight Bearings in Automotive Sector
- Growing Automotive Industry in Emerging Economies
- Technological Development to Produce Smart Bearings
- Easy Availability of Forged Products
Market Leaders and some development strategies
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 Target AudienceAutomotive, 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