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Plain bearing Market

Plain Bearing Market, Size and Segment By Type (Journal, Linear, Thrust, Angular Contact, Others) By End-use Industry (Automotive, Industrial, Aerospace, Energy, Construction Machinery, Agriculture & Gardening Equipment, Oilfield Machinery, Office Products, Others) By Material Used (Composite Self-Lubricating Bearings, Metallic Self-Lubricating Bearings), by Regions and Global Forecast 2022-2028

Report Id: SNS/C&M/1806 | June 2022 | Region: Global | 125 Pages

Report Scope & Overview:

Plain bearing Market Size was valued at USD 11.63 billion in 2021, and is expected to reach USD 15.26  billion by 2028, and grow at a CAGR of 5.3 % over the forecast period 2022-2028. Plain bearings are simpler than other types because they only have a flat surface and don't have any rolling parts that can be attached to shafts. Also, the plain bearings can carry more weight than other types because they are small and light. Different end-user industries use these bearings for rotary motion.

Plain bearing Market Revenue Graph

Market Dynamics:

Drivers:

  • End-use industries are buying more plain bearings, which is a good thing.

  • Plain bearings can be made cheaply in the Asia-Pacific region.

Restraints:

  • In the Asia-Pacific region, plain bearings can be made for a low price.

  • Changes in the prices of raw materials

Opportunity:

  • Opportunities for Growth in Emerging Economies

  • Smart Bearing Technology Getting Better 

  • Applications in the field of renewable energy

Challenge:

  • More and more fake bearings are being made

  • Because of the COVID-19 pandemic, there are problems with the supply chain, trade, and the economy as a whole.

Impact of Covid-19:

Effects of COVID-19 on the World Plain Bearing Market

The pandemic is expected to have a big effect on many parts of the value chain of plain bearings, especially in 2021. This effect is expected to show up during the forecast period. COVID-19 has a number of effects, which are as follows:

Effect on plain bearing market: The COVID-19 pandemic had a small effect on the plain bearing market. Plain bearings have a lot of potential in the construction, energy, automotive, and aerospace industries. COVID-19 had a bigger effect on the market for bigger bearings than on the market for smaller bearings because production and sales in discrete industries like cement, mining, etc. were slow because of lockdowns all over the world.

Impact on manufacturers of plain bearings: Because of the COVID-19 outbreak, most of the factories that make plain bearings have either closed or are running at a lower capacity.

Impact on end-use industries: The aerospace industry is the one that will be most affected by COVID-19. Because of the COVID-19 pandemic, air travel was stopped in many places, which had a big effect on airlines. The businesses of aircraft OEMs have been hurt by the mass grounding of aircraft fleets and the lack of new large orders and deliveries. AeroCentury Corp. filed for bankruptcy in March 2021 because airlines in the United States and other countries were less interested in renting planes during the pandemic.

Key Players:

NTN Corporation, THK Co., Ltd., Zollern GmbH & Co. Kg, SKF Group, GGB Bearing Technology, Boston Gear LLC, Minebea Mitsumi Inc., Thomson Industries, Inc., Schaeffler Technologies Ag & Co. Kg, Timken Company, and other players.

Market Segmentation:

By Type

  • Journal

  • Linear

  • Thrust

  • Angular Contact

  • Others

By  End-Use Industry

  • Automotive

  • Industrial

  • Aerospace

  • Energy

  • Construction Machinery

  • Agriculture & Gardening Equipment

  • Oilfield Machinery

  • Office Products

  • Others

By Material Used

  • Composite Self-Lubricating Bearings

  • Metallic Self-Lubricating Bearings

Plain bearing Market Segment Pie Chart

Regional Analysis:

In 2021, more than 40% of revenue came from the Asia-Pacific region. The growth of the bearings market in Asia-Pacific is being driven by countries like China and Japan. Sales are expected to rise in the next few years because of the rapid growth of machinery and car manufacturing, as well as a strong aftermarket for industrial equipment repair and car repair.

In the next few years, sales of automotive bearings are expected to go up a lot in Asia and the Pacific, especially in India, China, and Japan. In India and China, where more than a third of the world's population lives, people are buying more cars and two-wheelers. This helps the sales of automotive bearings in these countries. For automotive bearings, the market is expected to grow steadily in North America and Europe, which are more developed. During the forecast period, countries like South Africa and Brazil are expected to have high growth rates.

 

REGIONAL COVERAGE:

  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • south Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America

Plain bearing Market Report Scope:
Report Attributes Details
Market Size in 2021 US$ 11.63 Billion
Market Size by 2028 US$ 15.26  Billion
CAGR CAGR of 5.3% From 2022 to 2028
Base Year 2021
Forecast Period 2022-2028
Historical Data 2017-2020
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • By Type (Journal, Linear, Thrust, Angular Contact, Others)
• By End-use Industry (Automotive, Industrial, Aerospace, Energy, Construction Machinery, Agriculture & Gardening Equipment, Oilfield Machinery, Office Products, Others)
• By Material Used (Composite Self-Lubricating Bearings, Metallic Self-Lubricating Bearings)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles NTN Corporation, THK Co., Ltd., Zollern GmbH & Co. Kg, SKF Group, GGB Bearing Technology, Boston Gear LLC, Minebea Mitsumi Inc., Thomson Industries, Inc., Schaeffler Technologies Ag & Co. Kg, Timken Company, and other players.
DRIVERS • End-use industries are buying more plain bearings, which is a good thing.
• Plain bearings can be made cheaply in the Asia-Pacific region.
Restraints • In the Asia-Pacific region, plain bearings can be made for a low price.
• Changes in the prices of raw materials


Frequently Asked Questions (FAQ) :

Ans: Primary or secondary type of research done by this reports.

 

Ans: Manufacturers, Consultant, aftermarket players, association, Research institute, private and universities libraries, suppliers and distributors of the product.

Ans: Effect on plain bearing market: The COVID-19 pandemic had a small effect on the plain bearing market. Plain bearings have a lot of potential in the construction, energy, automotive, and aerospace industries. COVID-19 had a bigger effect on the market for bigger bearings than on the market for smaller bearings because production and sales in discrete industries like cement, mining, etc. were slow because of lockdowns all over the world.

Ans: In the Asia-Pacific region, plain bearings can be made for a low price and Changes in the prices of raw materials are the restraints for Plain Bearing Market.

 

Ans: Plain bearing market Market Size was valued at USD 11.63 billion in 2021, and expected to reach USD 15.26  billion by 2028, and grow at a CAGR of 5.3 % over the forecast period 2022-2028.


Table of Contents

 

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

 

2. Research Methodology

 

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

 

4. Impact Analysis

4.1 COVID 19 Impact Analysis

4.2 Impact of Ukraine-Russia War

 

5. Value Chain Analysis

 

6. Porter’s 5 forces model

 

7.  PEST Analysis

 

8. Plain Bearing Market Segment, By Type

8.1 Journal

8.2 Linear

8.3 Thrust

8.4 Angular Contact

8.5 Others

 

9.Plain Bearing Market Segment, By  End-use Industry

9.1 Automotive

9.2 Industrial

9.3 Aerospace

9.4 Energy

9.5 Construction Machinery

9.6 Agriculture & Gardening Equipment

9.7 Oilfield Machinery

9.8 Office Products

9.9 Others

 

10.Plain Bearing Market Segment, By Material Used

10.1 Composite Self-Lubricating Bearings

10.2 Metallic Self-Lubricating Bearings

 

11. Regional Analysis

11.1 Introduction

11.2 North America

11.2.1 USA

11.2.2 Canada

11.2.3 Mexico

11.3 Europe

11.3.1 Germany

11.3.2 UK

11.3.3 France

11.3.4 Italy

11.3.5 Spain

11.3.6 The Netherlands

11.3.7 Rest of Europe

11.4 Asia-Pacific

11.4.1 Japan

11.4.2 South Korea

11.4.3 China

11.4.4 India

11.4.5 Australia

11.4.6 Rest of Asia-Pacific

11.5 The Middle East & Africa

11.5.1 Israel

11.5.2 UAE

11.5.3 South Africa

11.5.4 Rest

11.6 Latin America

11.6.1 Brazil

11.6.2 Argentina

11.6.3 Rest of Latin America

 

12. Company Profile

12.1 NTN Corporation

12.1.1 Financial

12.1.2 Products/ Services Offered

12.1.3 SWOT Analysis

12.1.4 The SNS view

12.2 THK Co., Ltd.

12.3 Zollern GmbH & Co. Kg

12.4 SKF Group

12.5 GGB Bearing Technology

12.6 Boston Gear LLC

12.7 Minebea Mitsumi Inc.

12.8 Thomson Industries, Inc.

12.9 Schaeffler Technologies Ag & Co. Kg

12.10 Timken Company

 

  1. Competitive Landscape

13.1 Competitive Benchmark

13.2 Market Share analysis

13.3 Recent Developments

 

14. Conclusion

 

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Secondary Research

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