‘Self-Lubricating Composite Bearings Market to grow at CAGR of 7.3% in 2022’– Stratview Research Market Report

As per the latest market intelligence report published by Stratview Research, the Self-Lubricating Composite Bearings Market is anticipated to reach at CAGR of 7.3% by 2022.

The research studies Self-Lubricating Composite Bearings Market in the trend period of 2011 to 2016 and forecasted period of 2017 to 2022 under four segments by Reinforcement Type (Metal Matrix and Fiber Matrix), by Matrix Type (Thermoset and Thermoplastic), by End-Use Industry Type (Aerospace & Defense, Transportation, Construction & Mining Equipment, Agriculture, Marine, and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World), Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2017 – 2022

The study finds –
 Metal matrix is expected to remain the dominant reinforcement type in the global self-lubricating composite bearings market over the next five years.
 Construction & Mining equipment currently dominates the global self-lubricating composite bearings market and is projected to remain the largest end-use industry type.
 North America is expected to remain the largest market for self-lubricating composite bearings over the next five years
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Self-Lubricating Composite Bearings Market: Highlights

The global self-lubricating composite bearings market is projected to witness an impressive CAGR of 7.3% over the next five years, driven by its several advantages, such as high strength, low life cycle cost, low maintenance cost, excellent dimensional stability in high-temperature areas, and no requirement for lubrication. Additionally, increasing demand for lightweight components across industries would further propel the demand for composite bearings over the next five years.
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Global self-lubricating composite bearings market is segmented based on reinforcement type as metal matrix and fiber matrix. Metal matrix is expected to remain the dominant reinforcement type in the global self-lubricating composite bearings market over the next five years, driven by its excellent strength as compared to metal bearings. This reinforcement type is also expected to register the highest growth in the same period.

Global self-lubricating composite bearings market is further segmented based on end-use industry type as aerospace & defense, transportation, construction & mining equipment, agriculture, marine, and others. Construction & Mining equipment currently dominates the global self-lubricating composite bearings market and is projected to remain the largest end-use industry type during the forecast period of 2017 to 2022, driven by its several advantages, such as non-lubrication, low-maintenance, high strength, and an excellent dimensional stability in high temperature. Other major end-use industries, such as transportation, aerospace & defense, and agriculture, are also projected to create a healthy demand for composite bearings over the next five years.

North America is expected to remain the largest market for self-lubricating composite bearings over the next five years as the region registers the utmost presence of composite bearing manufacturers and raw material manufacturers. Asia-Pacific is estimated to witness the fastest growth in the composite bearings market during the forecast period. Increasing investment in infrastructure projects, high focus on agriculture, upcoming commercial and regional aircraft, increasing automobile production, and high investment in high-speed rail projects are driving the Asia-Pacific’s self-lubricating composite bearings market in the Asia-Pacific region. China and India are projected to act as the growth engines of this region.

Schaeffler Group, Saint-Gobain, Trelleborg Group, Rexnord Corporation, Polygon Company, HyComp LLC, Tiodize Co., TriStar Plastic Corp., Spaulding Composites, and AST Bearings are major players in the self-lubricating composite bearings market. New application development and collaboration with customers are some of the key strategies adopted by major companies to gain a competitive edge over others.
Report Features
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum input to the entire value chain of Self-Lubricating Composite Bearing Market. The key features of the report are -
 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.
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