Plain Bearing Market size was valued at USD 15.52 Bn. in 2023 and the total revenue is expected to grow at a CAGR of 4.43% through 2024 to 2030, reaching nearly USD 21.03 Bn.Plain Bearing Market Dynamics
Major driving factors of the market are plain bearings which work efficiently in the heavily loaded system, increasing industrialization in developing countries, rising demand for motor vehicles across globally, increasing need for wind power generation, and rising technological advancements. Plain bearings have features such as light in weight, required less maintenance, high load carrying capacity, longer life, and high reliability. These factors are also propelling the market. Smart bearings are estimated to provide new opportunities for the plain bearing market in the forecast period.To know about the Research Methodology :- Request Free Sample Report
Segment Analysis
Based on type, the journal segment is expected to hold the largest share in the market in the forecast period owing to the growing demand for journal bearings from various industries, such as automotive, aerospace, construction, and others. In addition, journal bearings have features such as excellent strength and shock resistance. On the basis of application, the automotive segment is expected to lead the market growth in the forecast period due to the rising usage of plain bearings in the automotive sector.Regional Analysis
In terms of region, the Asia Pacific is expected to hold the largest share in the market due to the growing demand from various industries, such as automotive, aerospace, construction, and others. Plain bearings are also dominating the market growth in the region because of the easy availability of raw materials and labour in the region. China and India are the leading countries in the region for the production and consumption of plain bearings. The report includes a detailed study of Porter’s Five Forces model to analyze the different factors affecting the growth of the market. Moreover, the study also covers a market attractiveness analysis, PESTLE analysis, Value Chain Analysis, and SWOT analysis.Key Highlights:
Global Plain Bearing Market analysis and forecast, in terms of value. Comprehensive study and analysis of market drivers, restraints and opportunities influencing the growth of the global market Global market segmentation on the basis of type, source, end-user, and region (country-wise) has been provided. The global market strategic analysis with respect to individual growth trends, future prospects along the contribution of various sub-market stakeholders have been considered under the scope of the study. Global market analysis and forecast for five major regions namely North America, Europe, Asia Pacific, the Middle East & Africa (MEA) and Latin America along with country-wise segmentation. Profiles of key industry players, their strategic perspective, market positioning and analysis of core competencies are further profiled. Competitive developments, investments, strategic expansion and competitive landscape of the key players operating in the global market are also profiled.Plain Bearing Industry Ecosystem
Plain Bearing Market Scope: Inquire before buying
Global Plain Bearing Market Report Coverage Details Base Year: 2023 Forecast Period: 2024-2030 Historical Data: 2018 to 2023 Market Size in 2023: USD 15.52 Bn. Forecast Period 2024 to 2030 CAGR: 4.43% Market Size in 2030: USD 21.03 Bn. Segments Covered: by Type Journal Linear Thrust Angular Contact by Application Automotive Industrial Aerospace Construction Others Plain Bearing Market, by Region
North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina Rest of South America)Plain Bearing Market, Key Players are:
1. NTN Corporation 2. SKF Group 3. Schaeffler Technologies AG & Co. KG 4. Timken Company 5. THK Co. Ltd. 6. NSK Ltd. 7. RBC Bearings Incorporated 8. Minebea Mitsumi Inc. 9. SGL Group 10.Boston Gear LLC 11.GGB Bearing Technology 12.IGUS 13.Kashima Bearings, Inc. 14.PBC Linear 15.Thomson Industries, Inc 16.Zollern GmbH & Co. KG. Frequently Asked Questions: 1. Which region has the largest share in Global Plain Bearing Market? Ans: Asia Pacific region holds the highest share in 2023. 2. What is the growth rate of Global Plain Bearing Market? Ans: The global market is growing at a CAGR of 4.43% during forecasting period 2024-2030 3. What is scope of the Global Plain Bearing market report? Ans: Global market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period. 4. Who are the key players in Global Plain Bearing market? Ans: The important key players in the Global market are – NTN Corporation, SKF Group, Timken Company, THK Co. Ltd., NSK Ltd., RBC Bearings Incorporated, Minebea Mitsumi Inc., SGL Group, Boston Gear LLC, GGB Bearing Technology, IGUS, Kashima Bearings, Inc., PBC Linear, Thomson Industries, Inc, and Zollern GmbH & Co. KG. 5. What is the study period of this market? Ans: The Global Plain Bearing Market is studied from 2023 to 2030
1. Global Plain Bearing Market Introduction 1.1. Study Assumption and Market Definition 1.2. Scope of the Study 1.3. Executive Summary 2. Global Plain Bearing Market: Competitive Landscape 2.1. MMR Competition Matrix 2.2. Competitive Landscape 2.3. Market share analysis of major players 2.4. Products specific analysis 2.5. Key Players Benchmarking 2.5.1. Company Name 2.5.2. Company Location 2.5.3. Product Segment 2.5.4. End-user Segment 2.5.5. Revenue (2023) 2.5.6. Growth Rate (Y-O-Y in %) 2.5.7. Key Development 2.5.8. Market Share 2.6. Industry Ecosystem Analysis 2.6.1. Trends/Disruption impacting customer business 2.7. Market Structure 2.7.1. Market Leaders 2.7.2. Market Followers 2.7.3. Emerging Players 2.8. Consolidation of the Market 2.8.1. Strategic Initiatives and Developments 2.8.2. Mergers and Acquisitions 2.8.3. Collaborations and Partnerships 2.8.4. Product Launches and Innovations 3. Global Plain Bearing Market: Dynamics 3.1. Plain Bearing Market Trends 3.2. Plain Bearing Market Dynamics 3.2.1. Drivers 3.2.2. Restraints 3.2.3. Opportunities 3.2.4. Challenges 3.3. PORTER’s Five Forces Analysis 3.3.1. Threat of New Entrants 3.3.2. Threat of Substitutes 3.3.3. Bargaining Power of Suppliers 3.3.4. Bargaining Power of Buyers 3.3.5. Intensity of Competitive Rivalry 3.4. PESTLE Analysis 3.5. Value Chain Analysis 3.5.1. Prominent Companies 3.5.2. Small and Medium enterprises 3.6. Trade Analysis 3.7. Technology Trends 3.7.1. Advancements in lubricant performance, increasing use of greaseless bearings 3.7.2. Innovation in bearing performance due to advancements in material sciences 3.7.3. Sub-Micron Coating polymer coated and engineered plastic bearings 3.8. Regulatory Landscape 3.8.1. Regulations by Region 3.8.2. Regulatory Bodies, Government Agencies, and Other Organizations 3.9. Trade Analysis 3.10. Pricing Analysis 3.10.1. Average Selling Price Trend by Key Players 3.11. Patent Analysis 3.12. Top Patent Holders 4. Global Plain Bearing Market: Global Market Size and Forecast by Segmentation (by Value in USD Million) (2023-2030) 4.1. Global Plain Bearing Market Size and Forecast, by Type (2023-2030) 4.1.1. Journal 4.1.2. Linear 4.1.3. Thrust 4.1.4. Angular Contact 4.2. Global Plain Bearing Market Size and Forecast, by Application (2023-2030) 4.2.1. Automotive 4.2.2. Industrial 4.2.3. Aerospace 4.2.4. Construction 4.2.5. Others 4.3. Global Plain Bearing Market Size and Forecast, by Region (2023-2030) 4.3.1. North America 4.3.2. Europe 4.3.3. Asia Pacific 4.3.4. Middle East and Africa 4.3.5. South America 5. North America Plain Bearing Market Size and Forecast by Segmentation (by Value in USD Million) (2023-2030) 5.1. North America Plain Bearing Market Size and Forecast, by Type (2023-2030) 5.1.1. Journal 5.1.2. Linear 5.1.3. Thrust 5.1.4. Angular Contact 5.2. North America Plain Bearing Market Size and Forecast, by Application (2023-2030) 5.2.1. Automotive 5.2.2. Industrial 5.2.3. Aerospace 5.2.4. Construction 5.2.5. Others 5.3. North America Plain Bearing Market Size and Forecast, by Country (2023-2030) 5.3.1. United States 5.3.1.1. United States Plain Bearing Market Size and Forecast, by Type (2023-2030) 5.3.1.1.1. Journal 5.3.1.1.2. Linear 5.3.1.1.3. Thrust 5.3.1.1.4. Angular Contact 5.3.1.2. United States Plain Bearing Market Size and Forecast, by Application (2023-2030) 5.3.1.2.1. Automotive 5.3.1.2.2. Industrial 5.3.1.2.3. Aerospace 5.3.1.2.4. Construction 5.3.1.2.5. Others 5.3.2. Canada 5.3.2.1. Canada Plain Bearing Market Size and Forecast, by Type (2023-2030) 5.3.2.1.1. Journal 5.3.2.1.2. Linear 5.3.2.1.3. Thrust 5.3.2.1.4. Angular Contact 5.3.2.2. Canada Plain Bearing Market Size and Forecast, by Application (2023-2030) 5.3.2.2.1. Automotive 5.3.2.2.2. Industrial 5.3.2.2.3. Aerospace 5.3.2.2.4. Construction 5.3.2.2.5. Others 5.3.3. Mexico 5.3.3.1. Mexico Plain Bearing Market Size and Forecast, by Type (2023-2030) 5.3.3.1.1. Journal 5.3.3.1.2. Linear 5.3.3.1.3. Thrust 5.3.3.1.4. Angular Contact 5.3.3.2. Mexico Plain Bearing Market Size and Forecast, by Application (2023-2030) 5.3.3.2.1. Automotive 5.3.3.2.2. Industrial 5.3.3.2.3. Aerospace 5.3.3.2.4. Construction 5.3.3.2.5. Others 6. Europe Plain Bearing Market Size and Forecast by Segmentation (by Value in USD Million) (2023-2030) 6.1. Europe Plain Bearing Market Size and Forecast, by Type (2023-2030) 6.2. Europe Plain Bearing Market Size and Forecast, by Application (2023-2030) 6.3. Europe Plain Bearing Market Size and Forecast, by Country (2023-2030) 6.3.1. United Kingdom 6.3.1.1. United Kingdom Plain Bearing Market Size and Forecast, by Type (2023-2030) 6.3.1.2. United Kingdom Plain Bearing Market Size and Forecast, by Application (2023-2030) 6.3.2. France 6.3.2.1. France Plain Bearing Market Size and Forecast, by Type (2023-2030) 6.3.2.2. France Plain Bearing Market Size and Forecast, by Application (2023-2030) 6.3.3. Germany 6.3.3.1. Germany Plain Bearing Market Size and Forecast, by Type (2023-2030) 6.3.3.2. Germany Plain Bearing Market Size and Forecast, by Application (2023-2030) 6.3.4. Italy 6.3.4.1. Italy Plain Bearing Market Size and Forecast, by Type (2023-2030) 6.3.4.2. Italy Plain Bearing Market Size and Forecast, by Application (2023-2030) 6.3.5. Spain 6.3.5.1. Spain Plain Bearing Market Size and Forecast, by Type (2023-2030) 6.3.5.2. Spain Plain Bearing Market Size and Forecast, by Application (2023-2030) 6.3.6. Sweden 6.3.6.1. Sweden Plain Bearing Market Size and Forecast, by Type (2023-2030) 6.3.6.2. Sweden Plain Bearing Market Size and Forecast, by Application (2023-2030) 6.3.7. Russia 6.3.7.1. Russia Plain Bearing Market Size and Forecast, by Type (2023-2030) 6.3.7.2. Russia Plain Bearing Market Size and Forecast, by Application (2023-2030) 6.3.8. Rest of Europe 6.3.8.1. Rest of Europe Plain Bearing Market Size and Forecast, by Type (2023-2030) 6.3.8.2. Rest of Europe Plain Bearing Market Size and Forecast, by Application (2023-2030) 7. Asia Pacific Plain Bearing Market Size and Forecast by Segmentation (by Value in USD Million) (2023-2030) 7.1. Asia Pacific Plain Bearing Market Size and Forecast, by Type (2023-2030) 7.2. Asia Pacific Plain Bearing Market Size and Forecast, by Application (2023-2030) 7.3. Asia Pacific Plain Bearing Market Size and Forecast, by Industry (2023-2030) 7.4. Asia Pacific Plain Bearing Market Size and Forecast, by Country (2023-2030) 7.4.1. China 7.4.1.1. China Plain Bearing Market Size and Forecast, by Type (2023-2030) 7.4.1.2. China Plain Bearing Market Size and Forecast, by Application (2023-2030) 7.4.2. S Korea 7.4.2.1. S Korea Plain Bearing Market Size and Forecast, by Type (2023-2030) 7.4.2.2. S Korea Plain Bearing Market Size and Forecast, by Application (2023-2030) 7.4.3. Japan 7.4.3.1. Japan Plain Bearing Market Size and Forecast, by Type (2023-2030) 7.4.3.2. Japan Plain Bearing Market Size and Forecast, by Application (2023-2030) 7.4.4. India 7.4.4.1. India Plain Bearing Market Size and Forecast, by Type (2023-2030) 7.4.4.2. India Plain Bearing Market Size and Forecast, by Application (2023-2030) 7.4.5. Australia 7.4.5.1. Australia Plain Bearing Market Size and Forecast, by Type (2023-2030) 7.4.5.2. Australia Plain Bearing Market Size and Forecast, by Application (2023-2030) 7.4.6. ASEAN 7.4.6.1. ASEAN Plain Bearing Market Size and Forecast, by Type (2023-2030) 7.4.6.2. ASEAN Plain Bearing Market Size and Forecast, by Application (2023-2030) 7.4.7. Rest of Asia Pacific 7.4.7.1. Rest of Asia Pacific Plain Bearing Market Size and Forecast, by Type (2023-2030) 7.4.7.2. Rest of Asia Pacific Plain Bearing Market Size and Forecast, by Application (2023-2030) 8. Middle East and Africa Plain Bearing Market Size and Forecast by Segmentation (by Value in USD Million) (2023-2030) 8.1. Middle East and Africa Plain Bearing Market Size and Forecast, by Type (2023-2030) 8.2. Middle East and Africa Plain Bearing Market Size and Forecast, by Application (2023-2030) 8.3. Middle East and Africa Plain Bearing Market Size and Forecast, by Country (2023-2030) 8.3.1. South Africa 8.3.1.1. South Africa Plain Bearing Market Size and Forecast, by Type (2023-2030) 8.3.1.2. South Africa Plain Bearing Market Size and Forecast, by Application (2023-2030) 8.3.2. GCC 8.3.2.1. GCC Plain Bearing Market Size and Forecast, by Type (2023-2030) 8.3.2.2. GCC Plain Bearing Market Size and Forecast, by Application (2023-2030) 8.3.3. Rest of ME & A 8.3.3.1. Rest of ME & A Plain Bearing Market Size and Forecast, by Type (2023-2030) 8.3.3.2. Rest of ME & A Plain Bearing Market Size and Forecast, by Application (2023-2030) 9. South America Plain Bearing Market Size and Forecast by Segmentation (by Value in USD Million) (2023-2030 9.1. South America Plain Bearing Market Size and Forecast, by Type (2023-2030) 9.2. South America Plain Bearing Market Size and Forecast, by Application (2023-2030) 9.3. South America Plain Bearing Market Size and Forecast, by Country (2023-2030) 9.3.1. Brazil 9.3.1.1. Brazil Plain Bearing Market Size and Forecast, by Type (2023-2030) 9.3.1.2. Brazil Plain Bearing Market Size and Forecast, by Application (2023-2030) 9.3.2. Argentina 9.3.2.1. Argentina Plain Bearing Market Size and Forecast, by Type (2023-2030) 9.3.2.2. Argentina Plain Bearing Market Size and Forecast, by Application (2023-2030) 9.3.3. Rest of South America 9.3.3.1. Rest of South America Plain Bearing Market Size and Forecast, by Type (2023-2030) 9.3.3.2. Rest of South America Plain Bearing Market Size and Forecast, by Application (2023-2030) 10. Company Profile: Key Players 10.1. NTN Corporation 10.1.1. Company Overview 10.1.2. Business Portfolio 10.1.3. Financial Overview 10.1.4. SWOT Analysis 10.1.5. Strategic Analysis 10.1.6. Scale of Operation (small, medium, and large) 10.1.7. Details on Partnership 10.1.8. Regulatory Accreditations and Certifications Received by Them 10.1.9. Awards Received by the Firm 10.1.10. Recent Developments 10.2. SKF Group 10.3. Schaeffler Technologies AG & Co. KG 10.4. Timken Company 10.5. THK Co. Ltd. 10.6. NSK Ltd. 10.7. RBC Bearings Incorporated 10.8. Minebea Mitsumi Inc. 10.9. SGL Group 10.10. Boston Gear LLC 10.11. GGB Bearing Technology 10.12. IGUS 10.13. Kashima Bearings, Inc. 10.14. PBC Linear 10.15. Thomson Industries, Inc 10.16. Zollern GmbH & Co. KG. 11. Key Findings & Analyst Recommendations 12. Plain Bearing Market: Research Methodology 12.1. Top-Down Approach 12.2. Bottom-up Approach 12.3. Market Breakdown and Data Triangulation 12.4. Research Assumption
