Press release
Sliding Bearing Market worth $1.94 billion by 2030, growing at a CAGR of 5.81% - Exclusive Report by 360iResearch
Sliding Bearing Market | 360iResearch
The Global Sliding Bearing Market to grow from USD 1.30 billion in 2023 to USD 1.94 billion by 2030, at a CAGR of 5.81%.
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Sliding bearings, also known as plain bearings, are a type of bearing that allows for motion between parts with minimal friction. These bearings are composed of a smooth surface that slides over another surface without the need for rolling elements, such as balls and rollers. Sliding bearings are employed in various applications due to their durability and versatility. Their primary functions include supporting and guiding moving parts and reducing friction. Growth in the automotive, aerospace, and industrial sectors directly contributes to market expansion. In addition, innovations in materials and manufacturing processes can enhance the performance and lifespan of sliding bearings. However, environmental concerns associated with the use of lubricants in sliding bearings limit the adoption of sliding bearings. Intense competition and the availability of a wide range of alternatives create hindrances in market growth. Furthermore, the development of self-lubricating and maintenance-free sliding bearings, along with the advancements in material technology for enhanced performance, creates potential opportunities for market growth.
The Americas region shows a robust demand for sliding bearings in industries such as automotive, aerospace, and manufacturing due to the presence of several large-scale companies and technological advancements. Customers in this region prioritize product quality and long-term reliability, often opting for more premium offerings. Investments in research are largely geared toward material innovation and reducing environmental impact, reflecting a high environmental awareness among North American consumers. The EMEA region presents a diverse market with EU countries emphasizing innovation and sustainability. EU countries show a keen interest in sustainable and smart-bearing solutions, often supported by government initiatives and regulations driving research and development. The Middle East focuses on oil & gas applications, while Africa capitalizes on mining and construction opportunities, driving the adoption of sliding bearings across the region. Asia Pacific witnesses a rapidly growing sliding bearing market with key players in China, Japan, and India. These countries are experiencing increasing industrialization and infrastructure development, catalyzing the demand for sliding bearings. Customer purchasing behavior in this region is price-sensitive, with a strong emphasis on value for money. However, there is a rising appetite for technologically advanced bearings in high-precision industries such as electronics and robotics.
Market Segmentation & Coverage:
This research report categorizes the Sliding Bearing Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Products, market is studied across Linear, Radial, and Thrust. The Radial is projected to witness significant market share during forecast period.
Based on Material Type, market is studied across Metal and Non-Metallic. The Metal is projected to witness significant market share during forecast period.
Based on End-User, market is studied across Automotive, Construction, Manufacturing, and Oil & Gas. The Oil & Gas is projected to witness significant market share during forecast period.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Europe, Middle East & Africa commanded largest market share of 38.94% in 2023, followed by Asia-Pacific.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Sliding Bearing Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Sliding Bearing Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Sliding Bearing Market, highlighting leading vendors and their innovative profiles. These include 3M Company, BBS Industies BV, Canam Group Inc., Compagnie de Saint-Gobain S.A., CSB Sliding Bearings India Pvt. Ltd., D&E Bearings AB, Del-Tron Precision, Inc., Fluorocarbon Group, Isotech, Inc., MinebeaMitsumi, Inc., Morgan Advanced Materials PLC, NSK Ltd., NTN Corporation, PBC Linear, RBC Bearing, RENK GmbH, Ridderflex & Plastics b.v., SBS - Singa Bearings Solutions Pte Ltd., Schaeffler Technologies AG & Co. KG, SKF Group, Slib Italy, The Timken Company, THK Co., Ltd., Tusk Direct, Inc., and Zhejiang BHS Journal Bearing Co., Ltd..
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Sliding Bearing Market, by Products
7. Sliding Bearing Market, by Material Type
8. Sliding Bearing Market, by End-User
9. Americas Sliding Bearing Market
10. Asia-Pacific Sliding Bearing Market
11. Europe, Middle East & Africa Sliding Bearing Market
12. Competitive Landscape
13. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Sliding Bearing Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Sliding Bearing Market?
3. What is the competitive strategic window for opportunities in the Sliding Bearing Market?
4. What are the technology trends and regulatory frameworks in the Sliding Bearing Market?
5. What is the market share of the leading vendors in the Sliding Bearing Market?
6. What modes and strategic moves are considered suitable for entering the Sliding Bearing Market?
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About 360iResearch
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