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Plain Bearing Market to Reach USD 21.03 Billion by 2030 with a CAGR of 4.43%

01-24-2025 12:26 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: MAXIMIZE MARKET RESEARCH PVT. LTD.

Plain Bearing Market

Plain Bearing Market

๐๐ฅ๐š๐ข๐ง ๐๐ž๐š๐ซ๐ข๐ง๐  ๐Œ๐š๐ซ๐ค๐ž๐ญ: ๐„๐ง๐ก๐š๐ง๐œ๐ข๐ง๐  ๐„๐Ÿ๐Ÿ๐ข๐œ๐ข๐ž๐ง๐œ๐ฒ ๐€๐œ๐ซ๐จ๐ฌ๐ฌ ๐ˆ๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ข๐ž๐ฌ

The global plain bearing market is experiencing substantial growth, driven by its widespread use in automotive, aerospace, construction, and industrial machinery sectors. Valued at USD 15.52 Bn. in 2023, the market is projected to grow at a CAGR of 4.43%, reaching USD 21.03 Bn. by 2030. Known for their durability and cost-effectiveness, plain bearings are critical components in applications requiring smooth and reliable motion. This press release provides detailed insights into country-specific growth, opportunities, trends, consolidation, and updates in the plain bearing market.

๐‚๐ฎ๐ซ๐ข๐จ๐ฎ๐ฌ ๐ญ๐จ ๐ฉ๐ž๐ž๐ค ๐ข๐ง๐ฌ๐ข๐๐ž? ๐†๐ซ๐š๐› ๐ฒ๐จ๐ฎ๐ซ ๐ฌ๐š๐ฆ๐ฉ๐ฅ๐ž ๐œ๐จ๐ฉ๐ฒ ๐จ๐Ÿ ๐ญ๐ก๐ข๐ฌ ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ ๐ง๐จ๐ฐ:https://www.maximizemarketresearch.com/request-sample/22773/

๐๐ฅ๐š๐ข๐ง ๐๐ž๐š๐ซ๐ข๐ง๐  ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐†๐ซ๐จ๐ฐ๐ญ๐ก ๐ข๐ง ๐•๐ข๐ž๐ญ๐ง๐š๐ฆ

Vietnam's plain bearing market is expanding due to the growth of its manufacturing and construction industries. Companies like ๐๐’๐Š ๐•๐ข๐ž๐ญ๐ง๐š๐ฆ ๐‚๐จ., ๐‹๐ญ๐. are introducing advanced bearing solutions tailored for industrial applications. Recent government investments in infrastructure projects have further fueled the demand for high-performance plain bearings.

๐๐ฅ๐š๐ข๐ง ๐๐ž๐š๐ซ๐ข๐ง๐  ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐Ž๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐ž๐ฌ ๐ข๐ง ๐“๐ก๐š๐ข๐ฅ๐š๐ง๐

Thailand offers significant opportunities in the plain bearing market, supported by its thriving automotive and machinery sectors. Local companies, such as ๐“๐ก๐š๐ข ๐๐š๐ค๐š๐ง๐ข๐ฌ๐ก๐ข ๐‚๐จ., ๐‹๐ญ๐., are adopting innovative plain bearing designs to enhance efficiency and reduce maintenance costs. Government-backed initiatives promoting industrial modernization have accelerated the adoption of advanced bearing solutions.

๐๐ฅ๐š๐ข๐ง ๐๐ž๐š๐ซ๐ข๐ง๐  ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐“๐ซ๐ž๐ง๐๐ฌ ๐ข๐ง ๐‰๐š๐ฉ๐š๐ง

Japan remains a leader in plain bearing innovation, with companies like ๐๐“๐ ๐‚๐จ๐ซ๐ฉ๐จ๐ซ๐š๐ญ๐ข๐จ๐ง and ๐Š๐จ๐ฒ๐จ ๐’๐ž๐ข๐ค๐จ ๐‚๐จ., ๐‹๐ญ๐. driving advancements in lightweight and high-durability bearings. Trends in Japan highlight a growing focus on eco-friendly materials and energy-efficient bearing solutions for automotive and industrial applications. Recent developments include collaborative R&D efforts to produce high-performance bearings.

๐๐ฅ๐š๐ข๐ง ๐๐ž๐š๐ซ๐ข๐ง๐  ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‚๐จ๐ง๐ฌ๐จ๐ฅ๐ข๐๐š๐ญ๐ข๐จ๐ง ๐ข๐ง ๐‚๐ก๐ข๐ง๐š

China's plain bearing market is marked by rapid industrialization and significant consolidation activities. Major players like ๐‹๐ฎ๐จ๐ฒ๐š๐ง๐  ๐๐ž๐š๐ซ๐ข๐ง๐  ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก ๐ˆ๐ง๐ฌ๐ญ๐ข๐ญ๐ฎ๐ญ๐ž ๐‚๐จ., ๐‹๐ญ๐. are expanding their production capacities to cater to both domestic and global demand. Recent mergers with European companies have strengthened China's technological capabilities and export potential in the bearing sector.

๐๐ฅ๐š๐ข๐ง ๐๐ž๐š๐ซ๐ข๐ง๐  ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐”๐ฉ๐๐š๐ญ๐ข๐จ๐ง ๐ข๐ง ๐’๐จ๐ฎ๐ญ๐ก ๐Š๐จ๐ซ๐ž๐š

South Korea's plain bearing market is thriving, driven by advancements in robotics and precision engineering. Companies like ๐’๐Š๐… ๐Š๐จ๐ซ๐ž๐š are introducing high-precision bearings for industrial robots and automation systems. Recent updates include investments in R&D to enhance the durability and efficiency of plain bearings for specialized applications.

๐„๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ž ๐๐ž๐ญ๐š๐ข๐ฅ๐ž๐ ๐๐š๐ญ๐š ๐š๐ง๐ ๐ข๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ ๐›๐ฒ ๐ฏ๐ข๐ž๐ฐ๐ข๐ง๐  ๐ญ๐ก๐ž ๐ฌ๐š๐ฆ๐ฉ๐ฅ๐ž @https://www.maximizemarketresearch.com/request-sample/22773/

๐๐ฅ๐š๐ข๐ง ๐๐ž๐š๐ซ๐ข๐ง๐  ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐†๐ซ๐จ๐ฐ๐ญ๐ก ๐ข๐ง ๐’๐ข๐ง๐ ๐š๐ฉ๐จ๐ซ๐ž

Singapore's plain bearing market is emerging as a hub for advanced manufacturing and high-tech industries. Companies like ๐’๐Š๐… ๐€๐ฌ๐ข๐š ๐๐š๐œ๐ข๐Ÿ๐ข๐œ are developing customized bearing solutions for aerospace and industrial machinery. Government incentives for innovation and technology have significantly contributed to the market's growth.

๐๐ฅ๐š๐ข๐ง ๐๐ž๐š๐ซ๐ข๐ง๐  ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐Ž๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐ž๐ฌ ๐ข๐ง ๐ญ๐ก๐ž ๐”๐’

The US remains a dominant player in the plain bearing market, driven by high demand in aerospace, defense, and construction sectors. Key players such as ๐“๐ข๐ฆ๐ค๐ž๐ง ๐‚๐จ๐ฆ๐ฉ๐š๐ง๐ฒ and ๐‘๐๐‚ ๐๐ž๐š๐ซ๐ข๐ง๐ ๐ฌ ๐ˆ๐ง๐œ๐จ๐ซ๐ฉ๐จ๐ซ๐š๐ญ๐ž๐ are investing in advanced bearing technologies to meet evolving industry needs. Recent mergers, including SKF's acquisition of a US-based bearing manufacturer, highlight the market's dynamic growth.

๐๐ฅ๐š๐ข๐ง ๐๐ž๐š๐ซ๐ข๐ง๐  ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐“๐ซ๐ž๐ง๐๐ฌ ๐ข๐ง ๐„๐ฎ๐ซ๐จ๐ฉ๐ž

Europe's plain bearing market is evolving rapidly, with a focus on sustainability and advanced engineering solutions. Companies like ๐’๐œ๐ก๐š๐ž๐Ÿ๐Ÿ๐ฅ๐ž๐ซ ๐€๐† and ๐†๐†๐ ๐๐ž๐š๐ซ๐ข๐ง๐  ๐“๐ž๐œ๐ก๐ง๐จ๐ฅ๐จ๐ ๐ฒ are pioneering the development of lightweight and corrosion-resistant bearings. Recent collaborations with automotive manufacturers have expanded the application of plain bearings in electric and hybrid vehicles.

๐†๐ž๐ญ ๐š ๐œ๐ฅ๐จ๐ฌ๐ž๐ซ ๐ฅ๐จ๐จ๐ค ๐š๐ญ ๐ญ๐ก๐ž ๐ ๐š๐ฆ๐ž-๐œ๐ก๐š๐ง๐ ๐ข๐ง๐  ๐ฉ๐ซ๐จ๐๐ฎ๐œ๐ญ๐ฌ ๐๐ซ๐ข๐ฏ๐ข๐ง๐  ๐ฌ๐ฎ๐œ๐œ๐ž๐ฌ๐ฌ :https://www.maximizemarketresearch.com/request-sample/22773/

๐’๐ž๐ ๐ฆ๐ž๐ง๐ญ๐š๐ญ๐ข๐จ๐ง:

๐›๐ฒ ๐“๐ฒ๐ฉ๐ž

Journal
Linear
Thrust
Angular Contact

Due to the increasing demand for journal bearings from a variety of industries, including construction, automotive, and aerospace, the journal segment is anticipated to hold the biggest market share throughout the projection period. Journal bearings are also known for their exceptional strength and shock resistance. Due to the growing use of plain bearings in the automotive industry, the automotive segment is anticipated to dominate the market growth during the forecast period based on application.

๐›๐ฒ ๐€๐ฉ๐ฉ๐ฅ๐ข๐œ๐š๐ญ๐ข๐จ๐ง

Automotive
Industrial
Aerospace
Construction
Others

๐†๐ž๐ญ ๐š ๐๐ž๐ญ๐š๐ข๐ฅ๐ž๐ ๐š๐ง๐š๐ฅ๐ฒ๐ฌ๐ข๐ฌ:https://www.maximizemarketresearch.com/market-report/global-plain-bearing-market/22773/

๐Š๐ž๐ฒ ๐๐ฅ๐š๐ฒ๐ž๐ซ๐ฌ:

1. NTN Corporation
2. SKF Group
3. Schaeffler Technologies AG & Co. KG
4. Timken Company
5. THK Co. Ltd.
6. NSK Ltd.
7. RBC Bearings Incorporated
8. Minebea Mitsumi Inc.
9. SGL Group
10.Boston Gear LLC
11.GGB Bearing Technology
12.IGUS
13.Kashima Bearings, Inc.
14.PBC Linear
15.Thomson Industries, Inc
16.Zollern GmbH & Co. KG.

๐‚๐ก๐ž๐œ๐ค ๐จ๐ฎ๐ญ ๐จ๐ฎ๐ซ ๐ญ๐ซ๐ž๐ง๐๐ข๐ง๐  ๐ฌ๐ญ๐ฎ๐๐ข๐ž๐ฌ ๐ญ๐จ ๐ฎ๐ง๐๐ž๐ซ๐ฌ๐ญ๐š๐ง๐ ๐ข๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐ฌ๐ก๐ข๐Ÿ๐ญ๐ฌ :

โ™ฆ Global Erucamide Market https://www.maximizemarketresearch.com/market-report/global-erucamide-market/24448/

โ™ฆ Global Automotive Electric Oil Pump Market https://www.maximizemarketresearch.com/market-report/global-automotive-electric-oil-pump-market/35711/

โ™ฆ Recruitment Process Outsourcing Rpo Market https://www.maximizemarketresearch.com/market-report/recruitment-process-outsourcing-rpo-market/51657/

โ™ฆ Global Programming Language Market https://www.maximizemarketresearch.com/market-report/global-programming-language-market/77679/

โ™ฆ Global Ai In Fashion Market https://www.maximizemarketresearch.com/market-report/global-ai-in-fashion-market/54494/

โ™ฆ Global Walnut Market https://www.maximizemarketresearch.com/market-report/global-walnut-market/24016/

โ™ฆ Global Hypervisor Market https://www.maximizemarketresearch.com/market-report/global-hypervisor-market/79909/

โ™ฆ Fox Nuts Market https://www.maximizemarketresearch.com/market-report/fox-nuts-market/219395/

โ™ฆ Gluten Free Bakery Market https://www.maximizemarketresearch.com/market-report/gluten-free-bakery-market/221456/

โ™ฆ Causal AI Market https://www.maximizemarketresearch.com/market-report/causal-ai-market/218792/

๐‚๐จ๐ง๐ญ๐š๐œ๐ญ ๐”๐ฌ:

MAXIMIZE MARKET RESEARCH PVT. LTD.
3rd Floor, Navale IT park Phase 2,
Pune Banglore Highway, Narhe
Pune, Maharashtra 411041, India.
+91 9607365656
sales@maximizemarketresearch.com

๐€๐›๐จ๐ฎ๐ญ ๐”๐ฌ:

Maximize Market Research is one of the fastest-growing market research and business consulting firms serving clients globally. Our revenue impact and focused growth-driven research initiatives make us a proud partner of majority of the Fortune 500 companies. We have a diversified portfolio and serve a variety of industries such as IT & telecom, chemical, food & beverage, aerospace & defense, healthcare and others.

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