Plain Bearing Market Driven By Defense & Aerospace Sector

The global plain bearing market has been categorized by types in journal plain bearing, linear plain bearing and thrust plain bearing. The journal plain bearing has been analyzed to hold the largest market share during the forecast period.

The rising demand for construction in developing regions like Asia Pacific and Middle East and Africa are driving the growth for this segment. Furthermore, the falling price of thrust bearing is resulting into the fastest growth of this segment.

In terms of end use industries, the global plain bearing market can been broadly segmented in automotive and industrial sectors. The industrial segment has been further sub-divided into aerospace, energy, construction machinery, farm and garden machinery and oilfield machinery among others.

The automotive segment has the highest market share in the end use segment. The dominance is attributed to the growing motor vehicle production globally.

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Furthermore, the market has been segmented regionally into North America, Europe, Asia Pacific, Middle East and Africa and Latin America. Regionally, Asia Pacific region is holds the largest market share in 2015 and expected to dominate the market during the forecast period.

The reason behind the dominance has been attributed to the growing demand for automobiles in this region. Furthermore, the increasing need for urbanization in the developing countries like India and China is further aiding to the growth of plain bearings in this region. In addition, the region has several manufacturing facilities for plain bearing.

In order to get a better understanding of the plain bearing in the aftermarket sales, a distribution chain analysis has been provided with respect to the aftermarket sales.

Furthermore, the market share for direct sales and aftermarket sales has also been analyzed for the global plain bearing market. Moreover, the key players in the market have also been profiled in terms of their product segment, recent developments, financial overview and business strategies.

In addition, the market positioning of these key players have also been discussed in the scope of the study. The leading players operating in the global plain bearing market include, SKF Group, The Timken Company, Schaeffler AG, NSK Ltd, NTN Corporation, RBC Bearings, Inc., JTEKT Corporation, AST Bearing LLC, GGB Bearing Technology and Brammer Plc among others.

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