Get More Information on Plain Bearing Market - Request Sample Report
The Plain bearing Market Size was valued at USD 11.15 billion in 2023 and is expected to reach USD 17.74 billion by 2032 and grow at a CAGR of 5.3% over the forecast period 2024-2032.
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.
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.
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.
By Type
Journal
Linear
Thrust
Angular Contact
Others
By End-Use Industry
Automotive
Industrial
Aerospace
Energy
Agriculture & Gardening Equipment
Oilfield Machinery
Office Products
Others
By Material Used
Composite Self-Lubricating Bearings
Metallic Self-Lubricating Bearings
In 2023, 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.
Get Customized Report as per Your Business Requirement - Request For Customized Report
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
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.
Report Attributes | Details |
---|---|
Market Size in 2023 | US$ 11.15 Billion |
Market Size by 2032 | US$ 17.74 Billion |
CAGR | CAGR of 5.3% From 2024 to 2032 |
Base Year | 2023 |
Forecast Period | 2024-2032 |
Historical Data | 2020-2022 |
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 |
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 11.15 billion in 2023, and is expected to reach USD 17.74 billion by 2032, and grow at a CAGR of 5.3% over the forecast period 2024-2032
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
4.3 Impact of ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
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
13 Competitive Landscape
13.1 Competitive Benchmark
13.2 Market Share Analysis
13.3 Recent Developments
14. Conclusion
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
The Carbon Nanotubes (CNT) Market size was valued at USD 1.02 billion in 2023 and is expected to reach USD 3.21 billion by 2032 and grow at a CAGR of 14.08% over the forecast period of 2024-2032.
The BOPET Film Market Size was valued at USD 7.9 billion in 2023 and is expected to reach USD 12.8 billion by 2032, and grow at a CAGR of 5.5% over the forecast period 2024-2032
The Collagen Peptides Market size was valued at USD 2.23 Billion in 2023 and is expected to grow to USD 5.34 billion by 2031 and grow at a CAGR of 11.8% over the forecast period of 2024-2031.
The Nanochemicals Market was worth USD 6.26 billion in 2023 and is expected to grow to USD 10.99 billion by 2032, with a CAGR of 6.45% % in the forecast period 2024-2032.
The Panel Filters Market Size was valued at USD 8.13 billion in 2022, and expected to reach USD 11.39 billion by 2030, and grow at a CAGR of 4.3% over the forecast period 2023-2030.
The Biodegradable Films Market Size was valued at USD 1.16 billion in 2023. It is projected to reach USD 2.06 billion by 2031 and grow at a CAGR of 7.3% over the forecast period 2024-2031.
Hi! Click one of our member below to chat on Phone