Plain Bearing Market worth 15.23 Billion USD – Global Forecast to 2022

The report Plain Bearing Market by End User (Automotive, Industrial, Aerospace, Energy, Construction, Oilfield Machinery, Agricultural & Gardening Equipment, Office Products), Type (Journal, Linear, Thrust, Angular Contact), and Region – Global Forecast to 2022″, The global plain bearing market is projected to grow from USD 11.47 Billion in 2016 to USD 15.23 Billion by 2022, at a CAGR of 4.8% between 2017 and 2022.

Browse 91 market data tables and 41 figures spread through 143 pages and in-depth TOC on “Plain Bearing Market by End User (Automotive, Industrial, Aerospace, Energy, Construction, Oilfield Machinery, Agricultural & Gardening Equipment, Office Products), Type (Journal, Linear, Thrust, Angular Contact), and Region – Global Forecast to 2022”

Download PDF Brochure:

http://www.marketsandmarkets.com/pdfdownload.asp?id=233063287

Early buyers will receive 10% customization on reports.

There is an increase in the demand for plain bearings from automobile, aerospace, construction, and energy industries as plain bearings are light in weight, require less maintenance, have high load carrying capacity, high reliability, and longer life. All these factors are expected to contribute towards the growth of the global plain bearing market in the near future.

Journal is the fastest-growing type segment of the global plain bearing market

The journal type segment contributed the largest share to the global plain bearing market in 2016; this segment is projected to grow at the highest CAGR from 2017 to 2022. This growth is mainly attributed to the increasing demand for journal bearings from several end-use industries, such as automobile, aerospace, construction, and energy. In addition, journal bearings have properties such as excellent strength and shock resistance. There is no rolling element in these bearings. These bearings work efficiently in heavily loaded systems, wherein sufficient clearance and lubrication are provided.

Automobile is the fastest-growing end-use industry segment of the global plain bearing market

The automobile end-use industry segment accounted for the largest share of the global plain bearing market in 2016; this segment is projected to grow at the highest CAGR from 2017 to 2022. This growth is mainly attributed to the increasing demand for plain bearings in the automobile industry. Plain bearings are used in the automobile industry for manufacturing variable intake systems, center armrests, belt tensioners, stub axels, gear actuators, convertible top systems, pedal systems, seating systems, steering systems, throttle valves, and door hinges, among others.

Speak to Research Expert for more info:

http://www.marketsandmarkets.com/speaktoanalyst.asp?id=233063287

The Asia-Pacific region led the global plain bearing market in 2016

The Asia-Pacific region led the global plain bearing market in 2016, owing to the rising demand for plain bearings from various end-use industries, such as automobile, aerospace, construction, and energy. China, India, and Japan are the leading countries in terms of production and consumption of plain bearings in the Asia-Pacific region. Moreover, easy availability of raw materials and labor is further anticipated to drive the growth of the plain bearing market in the Asia-Pacific region.

Key players operating in the global plain bearing market include NTN Corporation (Japan), SKF Group (Sweden), Schaeffler Technologies AG & Co. KG (Germany), Timken Company (U.S.), THK Co. Ltd. (Japan), NSK Ltd. (Japan), RBC Bearings Incorporated (U.S.), Minebea Mitsumi Inc. (Japan), and SGL Group (Germany).

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “RT” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Rohan
MarketsandMarkets™
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
1-888-600-6441
Email: sales@marketsandmarkets.com

Designed by CyFocus.com
Powered by CyFocus.net
%d bloggers like this: