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    Composite Bearings Market - Size, Share, Trend & Forecast

    Composite Bearings Market - Size, Share, Trend & Forecast
    Report code - SRAM254 Delivery - 2 Weeks
    Composite Bearings Market Size, Share, Trend, Forecast, & Industry Analysis
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    Composite Bearings Market Insights

    Composite Bearings Market is likely to witness an impressive CAGR of 9.2% over the next five years.

    The market for composite bearings is driven by

    • finest mechanical properties supporting an extended product life with little upkeep expenditures and
    • the growing usage of composite bearings in various demanding applications 

    Composite Bearings Market- Snapshot

    Growth

    9.2% for the next five years

    Major Product Type

    Metal Matrix

    Dominant Application Type

    Agriculture

    Region with the highest demand

    North America

    Key Players

    Saint-Gobain S.A., Trelleborg Group, Schaeffler Group, Polygon Company, RBC Bearings Incorporated, Rexnord Corporation, Hycomp LLC, Tristar Plastic Corp., Tiodize Co., Inc., and Spaulding Composites, Inc. 

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    Composite Bearings Market Share Analysis

    Composite Bearings Market Share: By Product Type

    Based on the product type, the market is segmented as fiber matrix and metal matrix. The metal matrix segment holds a major share of the market, owing to its operational sturdiness, elevated strength in severe environments, and economical cost. These properties enable metal matrix to be extensively employed in various end-use industries, which in turn, is driving the growth of this segment during the forecast period.

    Composite Bearings Market Share: By Application Type

    Based on the application type, the market is segmented as construction & mining, agriculture, automotive, aerospace, marine, and others. The agriculture application segment is estimated to be the fastest-growing segment in the coming five years. Composite bearings deliver various properties, such as lightweight, operational steadiness at elevated temperatures, corrosion-resistance, and dimensional permanency against their conventional counterparts, which is further strengthening the global market.

    Composite Bearings Market Share: By Region

    In terms of regions, North America is estimated to be the fastest-growing market for composite bearings in the coming five years. Asia-Pacific is also expected to offer substantial growth opportunities during the forecast period. China and India are the growth engines of the Asia-Pacific region. The market is sustained by the increasing demand for composite bearings in various end-use industries, such as automotive, and construction & mining in the region.

    Key Players

    Some of the major players in the composite bearings market are Saint-Gobain S.A., Trelleborg Group, Schaeffler Group, Polygon Company, RBC Bearings Incorporated, Rexnord Corporation, Hycomp LLC, Tristar Plastic Corp., Tiodize Co., Inc., and Spaulding Composites, Inc. 

    Market Scope & Segmentation

    Composite Bearings possess low friction, low heat build-up and resist any cold flow condition. Better efficiency is gained when conventional grease bearings are replaced with them as they help in weight reduction, for various industrial applications.

    Composite Bearings find use majorly in the automotive industry, wherein they are used in a wide range of applications varying from powertrain to car interiors.

    This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

    Composite Bearings Market Research Report - Features

    Market Segmentation

    3

    Regions Covered

    4

    Countries/Sub-Regions Covered

    17

    No. of Figures & Tables

    >150

    Company Profiles

    10

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    The composite bearings market is segmented into the following categories. 

    Composite Bearings Market Size, Share, & Forecast, by Product Type:

    • Fiber Matrix (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Metal Matrix (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Composite Bearings Market Size, Share, & Forecast, by Application Type:

    • Construction & Mining (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Agriculture (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Automotive
      • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
      • (Application Type Analysis: Automobiles, Heavy Vehicles, and Rail & Mass Transit)
    • Aerospace
      • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
      • (Application Type Analysis: Interior Components and Exterior Components)
    • Marine (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Composite Bearings Market Size, Share, & Forecast, by Region:

    • North America (Country Analysis: the USA, Canada, and Mexico) 
    • Europe (Country Analysis: Germany, France, the UK, Russia, and Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, and Rest of Asia-Pacific)
    • Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

    Research Methodology

    This report offers high-quality insights and is the outcome of 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 book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

    Report Features

    This report provides market intelligence in the most comprehensive way. 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. The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
    • Market trend and forecast analysis
    • Market segment trend and forecast
    • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
    • Attractive market segments and associated growth opportunities
    • Emerging trends
    • Strategic growth opportunities for the existing and new players
    • Key success factors

    Report Customization Options

    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 3 players)
    • SWOT analysis of key players (up to 3 players)

    Market Segmentation

    • Current market segmentation of any one of the product types by application type.  

    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 at [email protected]


    General Frequently Asked Questions (FAQs)

    What are the benefits of Composite Bearings?

    Composite Bearings possess low friction, low heat build-up and resist any cold flow condition. Better efficiency is gained when conventional grease bearings are replaced with them as they help in weight reduction, for various industrial applications. Composite Bearings find use majorly in the automotive industry, wherein they are used in a wide range of applications varying from powertrain to car interiors.

    What will be the CAGR of the Composite Bearings Market?

    Composite Bearings Market is likely to witness an impressive CAGR of 9.2% during the forecast period. Finest mechanical properties foremost to an extended product life with little upkeep expenditures and the growing usage of composite bearings in various demanding applications are the prime factors that are underpinning the growth of the market globally.

    Which country/region is expected to remain the largest Composite Bearings Market?

    North America is projected to remain the largest Composite Bearings market during the forecast period, in terms of both value and volume.

    Who are the key players in the Composite Bearings Market?

    Some of the major players in the composite bearings market are Saint-Gobain S.A., Trelleborg Group, Schaeffler Group, Polygon Company, RBC Bearings Incorporated, Rexnord Corporation, Hycomp LLC, Tristar Plastic Corp., Tiodize Co., Inc., and Spaulding Composites, Inc.

    •