Press release
Plain Bearing Market Size to Grow USD 16.2 Billion by 2024 with Leading Key Market Players - The Timken Company, SKF Group, NSK Ltd, Schaeffler AG, RBC Bearings, Inc., NTN Corporation, AST Bearing LLC, JTEKT Corporation, Brammer Plc, and GGB Bearing Techn
According to the Research Report, the Global Plain Bearing Market Size was expected to Reach USD 16. 2 Billion by 2024 during the forecast period 2018-2024.
Browse details of 136 number of pages research report developed on Plain Bearing Market @ https://www.researchcosmos.com/reports/global-plain-bearing-market-analysis-and-forecast-to-2022-growth-opportunity-assessment/7359184
Plain Bearing Market Overview:
The plain bearing market has been growing constantly due to the growing demand for motorized vehicles, oilfield machinery, and construction. A wide range of equipment used in the energy, aerospace, rail, automotive, agricultural and gardening, construction and oilfield industries, uses bearings to a large extent.
Plain Bearing Market Growth Drivers and Restraints:
The main factor behind the growth of the global plain bearing market is the growing demand for motorized vehicles around the world. In addition, the growing demand for bearings in the defense and aerospace sectors is contributing to the growth of this market. However, the increasing technological innovations make these bearings more durable and difficult sales in the secondary market. The growing number of counterfeit products is also holding back the growth of the global market. On the positive side, the introduction of intelligent bearings is expected to offer new opportunities for flat bearing manufacturers in the near future.
Geographical Insights of the Plain Bearing Market:
Geographically, Asia-Pacific dominates the smooth bearing market and is expected to maintain its lead throughout the forecast period. Continued urbanization and growing demand for cars in developing countries such as India and China are driving the market in the Asia-Pacific region. In addition, the decrease in the price of bearings is a good omen for the market in this region. South Korea, Taiwan, Singapore, and Japan have also seen rapid growth in the automotive sector and many plain bearing companies in these countries are opening manufacturing facilities to meet the growing demand. The growing demand for infrastructure development is encouraging the use of plain bearings in the construction sector.
The Middle East has proven to be a lucrative region for the plain bearing market due to its boom in the construction and automotive industries. In 2012, NSK opened its new branch of NSK Bearings Gulf Trading Co. in Dubai, United Arab Emirates. Countries on the African continent, such as South Africa, are experiencing increasing levels of industrialization, which is expected to boost demand and the market for smooth bearings in the coming years.
Key Players of the Plain Bearing Market:
The Timken Company, SKF Group, NSK Ltd, Schaeffler AG, RBC Bearings, Inc., NTN Corporation, AST Bearing LLC, JTEKT Corporation, Brammer Plc, and GGB Bearing Technology are the major contributors of the market.
Ask free for the Sample Report @ https://www.researchcosmos.com/request/global-plain-bearing-market-analysis-and-forecast-to-2022-growth-opportunity-assessment/7359184
Plain Bearing Market Key Segmentation:
By Type:
• Journal Plain Bearing
• Linear Plain Bearing
• Thrust Plain Bearing
• Angular Contact Plain Bearing
By Industry Outlook:
• Automobile
• Manufacturing
• Oil & Gas Industry
By End User:
• Automotive
• Industrial
• Aerospace
• Energy
• Construction Machinery
• Agricultural & Gardening Equipment
• Oilfield Machinery
• Office Products
By Region:
• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East & Africa
For any queries, inquire more @ https://www.researchcosmos.com/inquire/global-plain-bearing-market-analysis-and-forecast-to-2022-growth-opportunity-assessment/7359184
Research Cosmos is a provider of standard and customized market research, business intelligence and consulting services across more than 100 domains in different industries of the world. We host the trending market reports of the world’s top-notch publishing companies, offering services to a wide range of customers from students to fortune 500 companies and discloses the hidden opportunities in every leading industry of the world.
Kevin Stewart
Global Sales Manager
Research Cosmos
www.researchcosmos.com
Blog: https://acutemarketinsights.com
Blog: https://marketreportsweb.com/
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Plain Bearing Market Size to Grow USD 16.2 Billion by 2024 with Leading Key Market Players - The Timken Company, SKF Group, NSK Ltd, Schaeffler AG, RBC Bearings, Inc., NTN Corporation, AST Bearing LLC, JTEKT Corporation, Brammer Plc, and GGB Bearing Techn here
News-ID: 1644405 • Views: …
More Releases from Research Cosmos
Mobile Phone Insurance Market Size to Reach USD 32.24 Bn By 2025
The size of the Global mobile phone insurance market is estimated to reach USD 32.24 billion by 2025, growing at a CAGR of 12.5%, as per the recently published report by Research Cosmos. It is worth to claim insurance for mobile phones as we are spending a lot of money on purchasing. The policies include accidental damage, water damage, and screen cracking.
Browse details of the report @ https://www.researchcosmos.com/reports/mobile-phone-insurance-market/199557834
Growing utilization…
Social Employee Recognition Systems Market Predicted to grow at a CAGR of xx By …
Social Employee Recognition Systems Market Analysis Size, Growth rate and Overview:
Social Employee Recognition Systems Market was valued at USD xx million in 2018 and is expected to reach almost USD xx million by the end of 2025, growing at a CAGR of around xx% over the predicted period.
Throughout the world, social employee recognition systems have expanded dramatically to address the need to move away from traditional methods and programs of…
More Releases for Bearing
Motor Rolling Bearing Market | Aurora Bearing, CCTY Bearing, Emerson Bearing, FK …
The global motor rolling bearing market report is a comprehensive report that provides a detailed analysis of the current status and future trends of the motor rolling bearing market worldwide. This report provides valuable information to industry stakeholders by offering an in-depth perspective on market dynamics, competitive landscape, growth opportunities, and key challenges faced by industry participants.
From the perspective of market dynamics, this report explores the factors driving the growth…
Motor Joint Bearing Market | Aurora Bearing, CCTY Bearing, Emerson Bearing, FK B …
The global motor joint bearing market report is a comprehensive report that provides a detailed analysis of the current status and future trends of the motor joint bearing market worldwide. This report provides valuable information to industry stakeholders by offering an in-depth perspective on market dynamics, competitive landscape, growth opportunities, and key challenges faced by industry participants.
From the perspective of market dynamics, this report explores the factors driving the growth…
Wind Turbine Bearing Market Outlook to 2025 - NTN Bearing, Timken Company, AB SK …
The Wind Turbine Bearing Market research report analyzes factors affecting market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive Poter's five forces analysis.
Increasing number of wind farms around the world, day by day developing technologies in the field of wind energy, and growing advancement in wind turbine equipment's…
Global Machine Tool Bearing Market 2019 Top Key Players: Timken, Schaeffler, Luo …
Summary
WiseGuyReports.com adds “Machine Tool Bearing Market 2019 Global Analysis, Growth, Trends and Opportunities Research Report Forecasting to 2024” reports to its database.
This report provides in depth study of “Machine Tool Bearing Market” using SWOT analysis i.e. Strength, Weakness, Opportunities and Threat to the organization. The Machine Tool Bearing Market report also provides an in-depth survey of key players in the market which is based on the various objectives of an…
Global Automotive Generation 3 Hub Bearing Market 2017 : Harbin Bearing, ILJIN, …
A market study based on the "Automotive Generation 3 Hub Bearing Market" across the globe, recently added to the repository of Market Research, is titled ‘Global Automotive Generation 3 Hub Bearing Market 2017’. The research report analyses the historical as well as present performance of the worldwide Automotive Generation 3 Hub Bearing industry, and makes predictions on the future status of Automotive Generation 3 Hub Bearing market on the basis…
Global Groove Ball Bearing Market 2017 : Aoyama, Harbin bearing, Lily Bearing, E …
The Groove Ball Bearing market report covers forecast and analysis for the Groove Ball Bearing market on a global and regional level. The Groove Ball Bearing industry report provides historic data of 2015 along with a Groove Ball Bearing market forecast from 2015 to 2021 based on Groove Ball Bearing industry volume and Groove Ball Bearing revenue (USD Million). The Groove Ball Bearing includes Growth Drivers, Competitive Landscape for the…
