Plain Bearing Market Size Growth | Industry Analysis Report 2023-2030

Market Scope & Overview

The Plain Bearing Market Size was valued at USD 12.24 billion in 2022 and is projected to reach USD 18.51 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 5.3% during the forecast period from 2023 to 2030.

The market for plain bearings, also known as sleeve bearings or journal bearings, has witnessed significant growth in recent years. These bearings are widely used in various industries, including automotive, aerospace, industrial machinery, and construction, among others. They provide low friction and smooth operation, making them essential components in many applications.

The increasing demand for plain bearings can be attributed to several factors. Firstly, the growing industrialization and urbanization across the globe have led to a surge in construction activities, which, in turn, has boosted the demand for machinery and equipment that rely on plain bearings for their smooth functioning.

Additionally, the automotive industry has witnessed substantial growth, with the rising production of vehicles worldwide. Plain bearings play a crucial role in automotive applications, such as engines, transmissions, and suspension systems, contributing to the overall market growth.

Furthermore, advancements in technology have led to the development of innovative plain bearing materials and designs, enhancing their performance and durability. Manufacturers are focusing on producing self-lubricating and maintenance-free plain bearings, which are gaining popularity among end-users due to their cost-effectiveness and reduced downtime.

Geographically, the Asia-Pacific region dominates the plain bearing market, owing to the presence of major manufacturing hubs, such as China, India, and Japan. These countries have witnessed rapid industrialization and infrastructure development, driving the demand for plain bearings in various sectors.

In conclusion, the plain bearing market is poised for substantial growth in the coming years, driven by factors such as increasing industrialization, urbanization, and advancements in technology. With the rising demand for machinery and equipment across industries, the market is expected to witness a steady CAGR of 5.3% from 2023 This growth is also expected to be fueled by the increasing focus on energy efficiency and sustainability in industries worldwide.

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.

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Market Segmentation and Sub Segmentation are

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

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Table of Content
1. Introduction
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession on Major Economies
5. Value Chain Analysis
6. Porter’s 5 forces model Textile Chemicals Market
7. PEST Analysis
8. Emulsion Antimicrobial Additives Market Industry Segmentation By Material Type
10.Emulsion Antimicrobial Additives Market Industry Segmentation By End User
11.Emulsion Antimicrobial Additives Market Industry Segmentation By Application
12.Regional Analysis
13. Company Profiles
14. Competitive Landscape
15. Conclusion