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  • Plain Bearing Market Analysis | 2023-2028

    Plain Bearing Market Analysis | 2023-2028

    Plain Bearing Market Analysis | 2023-2028
    Report code - SR2826 Delivery - 2 Weeks
    Plain Bearing Market Size, Share, Trend, Forecast Analysis & Growth Opportun See more...

    “The Plain Bearing Market is likely to rebound at a promising CAGR of 8.8% in the long run to reach US$ 181.1 Billion by 2028.”

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    Market Dynamics

    Introduction

    A plain bearing, also known as a sleeve bearing or bushing, is a simple type of bearing that provides support and reduces friction between moving parts. Unlike rolling-element bearings, which use balls or rollers, plain bearings consist of a shaft or journal that rotates within a sleeve or bushing. The sleeve is typically made of a low-friction material, such as bronze, brass, or a self-lubricating composite. Plain bearings are commonly used in various applications, including machinery, automotive components, and industrial equipment. They are known for their simplicity, cost-effectiveness, and ability to handle heavy loads and high temperatures. However, they may require periodic lubrication or can be designed with self-lubricating materials to reduce maintenance needs.

    Market Drivers

    Plain bearings play a crucial role in various mechanical systems, serving as fundamental components that facilitate smooth rotation and reduce friction between moving parts. The primary driver behind the widespread use of plain bearings is their simplicity and cost-effectiveness. Unlike more complex rolling-element bearings, plain bearings consist of a shaft rotating within a sleeve or bushing made of materials like bronze or brass. This uncomplicated design makes them suitable for a range of applications, from machinery to automotive components. Another key factor driving their adoption is their ability to withstand heavy loads and high temperatures. Plain bearings are particularly effective in situations with lower rotational speeds, where their robust construction and reliable performance shine. While they may require periodic lubrication, advancements in materials have led to the development of self-lubricating plain bearings, reducing maintenance requirements. 

    Segments Analysis

    Segmentations

    List of Sub-Segments

    Dominant and Fastest-Growing Segments

    Type Analysis

    Journal, Linear, Thrust, Angular Contact, and Others

    Journal is anticipated to remain the biggest demand generator in the years to come.

    End-Use Industry

    Automotive, Industrial, Aerospace, Energy, Construction Machinery, Agriculture & Gardening Equipment, Oilfield Machinery, Office Products, and Others

    Automotive holds the largest market share in the forecasted period.

    Regional Analysis

    North America, Europe, Asia-Pacific, and The Rest of the World

    Asia-Pacific is expected to remain the largest market over the next five years.

    By Type

    “Journal dominates the market during the forecast period.”

    The plain bearing market is segmented into journal, linear, thrust, angular contact, and others. The Journal is expected to remain the largest type in the market during the forecast period owing to a combination of factors that underscore its versatility and efficiency. Characterized by a straightforward design involving a rotating shaft within a sleeve or bushing, journal bearings offer simplicity and cost-effectiveness in manufacturing.

    This uncomplicated design is conducive to various applications, making them a preferred choice in the industrial landscape. Their adaptability to moderate to heavy loads and lower rotational speeds enhances their versatility, catering to a wide range of mechanical systems. Additionally, the robust construction of journal bearings equips them to endure demanding conditions, contributing to their widespread use in applications where durability is paramount.

    By End-Use Industry

    “Automotive dominates the market during the forecast period.”

    The market is segmented into automotive, industrial, aerospace, energy, construction machinery, agriculture & gardening equipment, oilfield machinery, office products, and others. Automotive is expected to remain the dominant end-user in the market during the forecast period due to a confluence of factors that highlight the indispensability of plain bearings in vehicular applications. Plain bearings, particularly journal bearings, play a crucial role in providing robust and reliable support to rotating shafts within engines and other critical components.

    The simplicity of design, coupled with the ability to withstand high loads and variable operating conditions, positions plain bearings as a preferred choice for automotive applications. The versatility of these bearings allows them to accommodate the diverse requirements of different vehicle types, from passenger cars to heavy-duty trucks. Additionally, the automotive sector benefits from the cost-effectiveness of plain bearings, as their uncomplicated structure contributes to efficient manufacturing processes.

    Regional Analysis

    “Asia-Pacific is expected to remain the largest market for plain bearing during the forecast period.”

    Driven by a combination of factors that underscore the region's economic growth, industrialization, and technological advancements. APAC countries, particularly China and India, have witnessed rapid industrial expansion and infrastructural development, creating substantial demand for machinery and equipment where plain bearings find extensive applications. The manufacturing sector's robust growth in APAC has heightened the need for reliable and cost-effective bearing solutions, and plain bearings, with their simplicity and versatility, have become a preferred choice.

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    Key Players

    The market is highly populated with the presence of several local, regional, and global players. Most of the major players compete in some of the governing factors including price, product offerings, regional presence, etc.  

    The following are the key players in the plain bearing market (arranged alphabetically).

    • GGB
    • Igus
    • Kashima Bearings, Inc
    • NSK Ltd.
    • NTN Corporation
    • RBC Bearings Incorporated
    • Schaeffler Group
    • SGL Carbon
    • SKF Group
    • THK Co., Ltd.
    • Timken Company

    Note: The above list does not necessarily include all the top players in the market.

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    Report Features

    This report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

    What Deliverables Will You Get in this Report?

    Key questions this report answers

    Relevant contents in the report

    How big is the sales opportunity?

    In-depth analysis of the Plain Bearing Market

    How lucrative is the future?

    The market forecast and trend data and emerging trends

    Which regions offer the best sales opportunities?

    Global, regional, and country-level historical data and forecasts

    Which are the most attractive market segments?

    Market Segment Analysis and Forecast

    Who are the top players and their market positioning?

    Competitive landscape analysis, Market share analysis

    How complex is the business environment?

    Porter’s five forces analysis, PEST analysis, Life cycle analysis

    What are the factors affecting the market?

    Drivers & challenges

    Will I get the information on my specific requirements?

    10% free customization

    Research Methodology

    This strategic assessment report from Stratview Research provides a comprehensive analysis that reflects today’s plain bearing market realities and future market possibilities for the forecast period. The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate growth strategies to expedite their growth process.

    This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. 

    More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

    Customization Option

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to three players)
    • SWOT analysis of key players (up to three players)

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com

    Frequently Asked Questions

    A plain bearing, also known as a sleeve bearing or bushing, is a simple type of bearing that provides support and reduces friction between moving parts. Unlike rolling-element bearings, which use balls or rollers, plain bearings consist of a shaft or journal that rotates within a sleeve or bushing. The sleeve is typically made of a low-friction material, such as bronze, brass, or a self-lubricating composite. Plain bearings are commonly used in various applications, including machinery, automotive components, and industrial equipment. They are known for their simplicity, cost-effectiveness, and ability to handle heavy loads and high temperatures.

    The plain bearing market is estimated to grow at a CAGR of 8.8% by 2028, driven by their adoption to withstand heavy loads and high temperatures. Plain bearings are particularly effective in situations with lower rotational speeds, where their robust construction and reliable performance shine. While they may require periodic lubrication, advancements in materials have led to the development of self-lubricating plain bearings, reducing maintenance requirements.

    NTN Corporation, SKF Group, Schaeffler Group, Timken Company, and THK Co., Ltd. are the leading players in the plain bearing market.

    The Plain Bearing Market is likely to reach US$ 181.1 Billion by 2028.

    Asia-Pacific is estimated to remain dominant in the plain bearing market in the foreseeable future as APAC benefits from a combination of established manufacturing capabilities and a growing focus on research and development, allowing companies to produce high-quality plain bearings that cater to diverse industrial needs. Economic factors such as cost-effectiveness and scalability contribute to the dominance of plain bearings in the region, making them integral components across various sectors.

    The automotive industry stands as a dominant force in the plain bearing market due to a confluence of factors that highlight the indispensability of plain bearings in vehicular applications. Plain bearings, particularly journal bearings, play a crucial role in providing robust and reliable support to rotating shafts within engines and other critical components. The simplicity of design, coupled with the ability to withstand high loads and variable operating conditions, positions plain bearings as a preferred choice for automotive applications.