Polymer Bearing Market: Automotive industry to boost the market growth

Global Polymer Bearing Market size was valued at USD 11.16 Bn in 2023 and is expected to reach USD 15.18 Bn by 2030, at a CAGR of 4.5% over the forecast period (2024-2030).

Polymer Bearing Market Overview

A polymer bearing is a bearing made from a polymer material, also known as plastic. Bearings are mechanical components used to reduce friction between two moving parts. They are mostly used in machinery, automotive, and aerospace applications. Polymer bearings offer several advantages over traditional metal bearings, including corrosion resistance, low friction, and self-lubrication. They are lightweight and operate without the need for lubrication, which can simplify maintenance and reduce costs. Rise in demand for specialized bearing solutions that meet different industry-specific solutions is expected to boost the Polymer Bearing market growth. Polymer Bearing MarketTo know about the Research Methodology :- Request Free Sample Report

Polymer Bearing Market Dynamics

Increased demand for lightweight and durable materials to boost market growth Polymer bearings are lightweight and offer high durability, making them ideal for use in various applications where weight and durability are critical factors, which helps to increase the Polymer bearing market size. Polymer bearings are increasingly being used in the automotive industry due to their ability to withstand high temperatures, resist wear, and reduce noise and vibration. Use of Polymer bearing in various medical devices such as prosthetics, pacemakers, and artificial heart valves due to their biocompatibility and resistance to corrosion is expected to boost the Polymer bearing market growth. Polymer bearings are used in food and beverage processing equipment due to their ability to resist corrosion and bacterial growth. Polymer bearings have low friction coefficients, which makes them ideal for use in energy-efficient applications such as wind turbines, electric motors, and pumps. Technological advancements in the polymer industry are driving the development of new types of polymer bearings that offer higher performance and improved durability and significantly contributing for the growth of Polymer bearing industry. Limited load capacity with high cost to restrain market growth Polymer bearing have a lower load capacity compared to traditional metal bearings, which is expected to limit the application of polymer bearing in high-load applications. Polymer bearing is expensive than traditional metal bearings, which make them less attractive to customers who are cost-sensitive. Polymer bearing have a limited temperature range, which is not suitable for applications where extreme temperatures are a concern and is expected to restrain the market growth. Polymer bearing are not suitable for use in applications where there is exposure to harsh chemicals or solvents and offer good durability in many applications, and is not suitable for high-stress applications where metal bearings are typically used is expected to hamper the Polymer Bearing Market growth. There is a lack of industry standards for polymer bearings, which make it difficult for customers to compare products and make informed purchasing decisions.

Polymer Bearing Market Regional Insight

Asia Pacific region dominated the market in 2023 and accounted largest Polymer Bearing market share about 39 % and is expected to dominate the market over the forecast period. Increased demand for vehicles with technological advancement and solutions, rise in vehicle manufacturing with instrumented products is expected to boost the regional market growth. Growth in demand for highly advanced vehicles and increase in capabilities of vehicles has increased the demand for bearing in the automotive industry and is significantly contributing for the growth of market. China is the major market for polymer bearing due to the rapid expansion of machinery and motor vehicle production with strong industrial equipment and motor vehicles repair. The robust construction and mining equipment market in India is expected to boost the Polymer Bearing industry growth in the region over the forecast period. Mining and construction equipment market in India, Indonesia, Thailand, South Korea, and Taiwan boosts the demand for polymer bearing in the region. Sustainable economic growth and increased investment is expected to influence the European region Polymer bearing market growth. Rebounding production of motor vehicles and a healthy fixed investment environment drives the demand for polymer bearing in the regional market.

Polymer Bearing Market Competitive Landscape

Polymer bearing key players are making significant investments in research and development and in technological advancements initiatives to expand the application and resourcefulness of the polymer bearing market. Polymer bearing manufacturers continuously work to improve product designs to increase performance and energy efficiency. Key Polymer bearing suppliers have started providing smart bearings, whose conditions can be constantly monitored to predict faults before they occur. To maintain a competitive edge, the Polymer bearing manufacturers are implementing various growth strategies. Innovations, M&A, collaborations, and partnerships are adopted by the Polymer bearing key players to thrive in the competitive market and to enhance the Polymer bearing Market penetration. In June 2021, JTEKT Corporation developed ball bearings with high muddy water-resistance seals for agricultural machinery with advancements in these machineries, which are able to operate in harsh working environments.

Polymer Bearing Market Segment Analysis

Based on Type of Material, the market is segmented into Phenolics, Nylon, Teflon, Acetal, UHMWPE (Ultra High Molecular Weight Polyethylene), and Others. Phenolics segment held the largest Polymer Bearing Market share in 2023 and is expected to dominate the market over the forecast period. Phenolics acts as self-lubricating material and replace material & metal bearing in various applications. Phenolic compounds include cotton fabric mixed with phenolic resin. It is easily absorbed in liquids and make them ideal for automotive use. Phenolic compound have high strength and low weight due to, which these bearings are famous for replacing steel bearing on propeller bearings and rubber shaft on ships. Phenolic bearings are resistant to shock and water and work well on heavily loaded systems that provide clearance and cooling. All these factors is expected to boost the Polymer Bearing industry growth. Phenolics are often replaced by nylon, which is used in bearings. Nylon is strong, quiet material that withstands scratches and can wear out slightly. Nylon is easily shaped, cast, and made to fit very closely in any machine, which is expected to boost the segment growth in market over the forecast period. Teflon provides low friction, high wear resistance, and can operate at high temperature. Teflon bearings load capacity depends on how well it is constructed and reinforced, which is expected to fuel the market growth. Based on Type of bearing, the market is segmented into Ball bearing, Roller bearing, Needle bearing, and Plain bearing. The roller bearing segment held the largest Polymer Bearing Market share in 2023 and is expected to dominate the market over the forecast period. Roller bearing reduce rotational friction, support redial, and axial loads more efficiently than their counterparts, which is expected to boost the roller bearing segment growth in the market. Use of roller bearing by several industries such as capital equipment, automobile, and automobile positively impact product demand, which is expected to boost the market growth. Plain bearing also known as sleeves bearings the most preliminary type of bearing without rolling components. In sliding applications plain bearings are used as bearing strips, slide bearings, and wear plates, which is expected to boost the market growth. Based on End-user, the market is segmented into Medical Industry, Lawn & Garden tools, Marine industry, Aerospace, Automotive, and Agriculture. The automotive segment held the largest Polymer Bearing Market share in 2023 and is expected to dominate the market over the forecast period. The automotive segment held a sizeable portion of the market. Different types of gears, pedal systems, and seating systems are manufactured using polymer bearings in the automobile industry. The cost benefits are very important in the automotive industry. The Polymer bearings are lighter than steel with less fuel consumption and wider range, which is expected to boost the automotive segment growth in the market over the forecast period. Polymer bearings are used to control the high speed of equipment in the medical industry. Polymer bearings do not require lubrication due to, which they are ideal for applications where sterility and suitability for the clean room are required and is significantly contributing for the Polymer Bearing industry growth.

Polymer Bearing Market Scope: Inquire before buying

Polymer Bearing Market
Report Coverage Details
Base Year: 2023 Forecast Period: 2024-2030
Historical Data: 2018 to 2023 Market Size in 2023: USD 11.16 Bn
Forecast Period 2024 to 2030 CAGR: 4.5% Market Size in 2030: USD 15.18 Bn
Segments Covered: by Type of Material Phenolics Nylon Teflon Acetal UHMWPE (Ultra High Molecular Weight Polyethylene) Others
by Type of Bearing Ball bearing Roller bearing
by Application Motors Gears Drive shaft Idler Wheels Wheel Pivots X-ray robots
by End-user • Medical Industry Lawn & Garden tool Marine industry Aerospace Automotive Agriculture

Polymer 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)

Polymer Bearing Key Players Include

1. SKF (Sweden) 2. ISB Industries 3. Ritbearing Corporation 4. NSK Ltd 5. JTEKT CORPORATION 6. Schaeffler India 7. NTN Corporation 8. Waukesha Bearings 9. The Timken Company 10.RBC Bearings Incorporated 11.Jtekt North America 12.MBY Bearing Technology Co., Ltd 13.Poly Fluoro Ltd 14.Saint-Gobain 15.GGB Bearing 16.Poly Fluoro Ltd 17.Omniseal Solutions 18.Technymon LTD 19.Thomson Linear 20.CSB Sliding Bearings (India) Pvt. Ltd. 21.IGUS INDIA PVT. LTD. Frequently Asked Questions: 1] What is the growth rate of the Global Market? Ans. The Global Polymer Bearing Market is growing at a significant rate of 4.5% over the forecast period. 2] Which region is expected to dominate the Global Polymer Bearing Market? Ans. Asia Pacific region is expected to dominate the Market over the forecast period. 3] What is the expected Global Polymer Bearing Market size by 2030? Ans. The market size of the Polymer Bearing Market is expected to reach USD 15.18 Bn by 2030. 4] Who are the top players in the Global Polymer Bearing Industry? Ans. The major key players in the Global are Poly Fluoro Ltd, Omniseal Solutions, Technymon LTD, Thomson Linear, and CSB Sliding Bearings (India) Pvt. Ltd. 5] Which factors are expected to drive the Global Polymer Bearing Market growth by 2030? Ans. Increased demand for lightweight and durable materials are is expected to drive the Polymer Bearing Market growth over the forecast period (2024-2030).
1. Polymer Bearing Market: Research Methodology 2. Polymer Bearing Market: Executive Summary 3. Polymer Bearing Market: Competitive Landscape 3.1. MMR Competition Matrix 3.2. Competitive Landscape 3.3. Key Players Benchmarking 3.4. Market Structure 3.4.1. Market Leaders 3.4.2. Market Followers 3.4.3. Emerging Players 3.5. Consolidation of the Market 4. Polymer Bearing Market: Dynamics 4.1. Market Trends by region 4.1.1. North America 4.1.2. Europe 4.1.3. Asia Pacific 4.1.4. Middle East and Africa 4.1.5. South America 4.2. Market Drivers by Region 4.2.1. North America 4.2.2. Europe 4.2.3. Asia Pacific 4.2.4. Middle East and Africa 4.2.5. South America 4.3. Market Restraints 4.4. Market Opportunities 4.5. Market Challenges 4.6. PORTER’s Five Forces Analysis 4.7. PESTLE Analysis 4.8. Value Chain Analysis 4.9. Regulatory Landscape by Region 4.9.1. North America 4.9.2. Europe 4.9.3. Asia Pacific 4.9.4. Middle East and Africa 4.9.5. South America 5. Polymer Bearing Market: Segmentation (by Value USD and Volume Units) 5.1. Polymer Bearing Market, by Type of Material (2023-2030) 5.1.1. Phenolics 5.1.2. Nylon 5.1.3. Teflon 5.1.4. Acetal 5.1.5. UHMWPE (Ultra High Molecular Weight Polyethylene) 5.1.6. Others 5.2. Polymer Bearing Market, by Type of Bearing (2023-2030) 5.2.1. Ball bearing 5.2.2. Roller bearing 5.2.3. Needle bearing 5.2.4. Plain bearing 5.3. Polymer Bearing Market, by Application (2023-2030) 5.3.1. Motors 5.3.2. Gears 5.3.3. Drive shaft 5.3.4. Idler Wheels 5.3.5. Wheel Pivots 5.3.6. X-ray robots 5.4. Polymer Bearing Market, by End-user (2023-2030) 5.4.1. Medical Industry 5.4.2. Lawn & Garden tool 5.4.3. Marine industry 5.4.4. Aerospace 5.4.5. Automotive 5.4.6. Agriculture 5.5. Polymer Bearing Market, by Region (2023-2030) 5.5.1. North America 5.5.2. Europe 5.5.3. Asia Pacific 5.5.4. Middle East and Africa 5.5.5. South America 6. North America Polymer Bearing Market (by Value USD and Volume Units) 6.1. North America Polymer Bearing Market, by Type of Material (2023-2030) 6.1.1. Phenolics 6.1.2. Nylon 6.1.3. Teflon 6.1.4. Acetal 6.1.5. UHMWPE (Ultra High Molecular Weight Polyethylene) 6.1.6. Others 6.2. North America Polymer Bearing Market, by Type of Bearing (2023-2030) 6.2.1. Ball bearing 6.2.2. Roller bearing 6.2.3. Needle bearing 6.2.4. Plain bearing 6.3. North America Polymer Bearing Market, by Application (2023-2030) 6.3.1. Motors 6.3.2. Gears 6.3.3. Drive shaft 6.3.4. Idler Wheels 6.3.5. Wheel Pivots 6.3.6. X-ray robots 6.4. North America Polymer Bearing Market, by End-user (2023-2030) 6.4.1. Medical Industry 6.4.2. Lawn & Garden tool 6.4.3. Marine industry 6.4.4. Aerospace 6.4.5. Automotive 6.4.6. Agriculture 6.5. North America Polymer Bearing Market, by Country (2023-2030) 6.5.1. United States 6.5.2. Canada 6.5.3. Mexico 7. Europe Polymer Bearing Market (by Value USD and Volume Units) 7.1. Europe Polymer Bearing Market, by Type of Material (2023-2030) 7.2. Europe Polymer Bearing Market, by Type of Bearing (2023-2030) 7.3. Europe Polymer Bearing Market, by Application (2023-2030) 7.4. Europe Polymer Bearing Market, by End-user (2023-2030) 7.5. Europe Polymer Bearing Market, by Country (2023-2030) 7.5.1. UK 7.5.2. France 7.5.3. Germany 7.5.4. Italy 7.5.5. Spain 7.5.6. Sweden 7.5.7. Austria 7.5.8. Rest of Europe 8. Asia Pacific Polymer Bearing Market (by Value USD and Volume Units) 8.1. Asia Pacific Polymer Bearing Market, by Type of Material (2023-2030) 8.2. Asia Pacific Polymer Bearing Market, by Type of Bearing (2023-2030) 8.3. Asia Pacific Polymer Bearing Market, by Application (2023-2030) 8.4. Asia Pacific Polymer Bearing Market, by End-user (2023-2030) 8.5. Asia Pacific Polymer Bearing Market, by Country (2023-2030) 8.5.1. China 8.5.2. S Korea 8.5.3. Japan 8.5.4. India 8.5.5. Australia 8.5.6. Indonesia 8.5.7. Malaysia 8.5.8. Vietnam 8.5.9. Taiwan 8.5.10. Bangladesh 8.5.11. Pakistan 8.5.12. Rest of Asia Pacific 9. Middle East and Africa Polymer Bearing Market (by Value USD and Volume Units) 9.1. Middle East and Africa Polymer Bearing Market, by Type of Material (2023-2030) 9.2. Middle East and Africa Polymer Bearing Market, by Type of Bearing (2023-2030) 9.3. Middle East and Africa Polymer Bearing Market, by Application (2023-2030) 9.4. Middle East and Africa Polymer Bearing Market, by End-user (2023-2030) 9.5. Middle East and Africa Polymer Bearing Market, by Country (2023-2030) 9.5.1. South Africa 9.5.2. GCC 9.5.3. Egypt 9.5.4. Nigeria 9.5.5. Rest of ME&A 10. South America Polymer Bearing Market (by Value USD and Volume Units) 10.1. South America Polymer Bearing Market, by Type of Material (2023-2030) 10.2. South America Polymer Bearing Market, by Type of Bearing (2023-2030) 10.3. South America Polymer Bearing Market, by Application (2023-2030) 10.4. South America Polymer Bearing Market, by End-user (2023-2030) 10.5. South America Polymer Bearing Market, by Country (2023-2030) 10.5.1. Brazil 10.5.2. Argentina 10.5.3. Rest of South America 11. Company Profile: Key players 11.1. SKF (Sweden) 11.1.1. Company Overview 11.1.2. Financial Overview 11.1.3. Business Portfolio 11.1.4. SWOT Analysis 11.1.5. Business Strategy 11.1.6. Recent Developments 11.2. ISB Industries 11.3. Ritbearing Corporation 11.4. NSK Ltd 11.5. JTEKT CORPORATION 11.6. Schaeffler India 11.7. Waukesha Bearings 11.8. NTN Corporation 11.9. The Timken Company 11.10. RBC Bearings Incorporated 11.11. Jtekt North America 11.12. MBY Bearing Technology Co.,Ltd 11.13. Poly Fluoro Ltd. 11.14. Saint-Gobain 11.15. GGB Bearing 11.16. Poly Fluoro Ltd 11.17. Omniseal Solutions 11.18. Technymon LTD 11.19. Thomson Linear 11.20. CSB Sliding Bearings (India) Pvt. Ltd. 11.21. IGUS INDIA PVT. LTD. 12. Key Findings 13. Industry Recommendation
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