Press release
Polymer Bearing Market forecasts on regional growth, industry players and more
Global Market Insights has a new study based report titled " Polymer Bearing Market Size, Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, France, UK, Italy, Russia, China, Japan, India, Thailand, Indonesia, Malaysia, Australia, Brazil, Mexico, Saudi Arabia, UAE, South Africa), Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2017 – 2024 ".Global bearing market was valued at USD 80 billion in 2015 and may exceed USD 110 billion by 2024, with gains at over 6% owing to heavy machinery production. China accounted for over 25% of the total market share owing to rising vehicle demand and machinery production. Mining and construction equipment market in India, Indonesia, Thailand, South Korea and Taiwan may facilitate polymer bearing demand.
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Global automobiles production was over 95 million units in 2016 and may surpass 135 million units by 2024. Noise and vibration are major challenges faced by the automotive sector. Saint-Gobain’s Norglide polymer bearing are self-lubricating and has a layer of polytetrafluroethylene which helps to cut down the noise and vibration in vehicles. The product is used in application such as center armrests, convertible top systems, belt tensioners, pedal systems, stub axels, gear actuators, door hinges, steering systems, throttle valves, and seating systems.
1. Polymer Bearing Market size & forecast by product & application
2. Growth drivers, pitfalls & industry challenges
3. Key Polymer Bearing Market growth opportunities & emerging business
models
4. Competitive benchmarking with market share analysis and company profiles
Polymer bearing give maintenance-free performance, high-temperature capabilities and durability, which are used in automated bag filling equipment, food processing equipment, case erecting equipment, blow molding machines, fill and seal machines, labeling equipment, palletizing and handling equipment.
Polymer bearing have possible applications in variety of medical devices like hospital beds, x-ray machines, dental chairs, operating tables and wheel chairs. Increasing technological innovations in healthcare sector has led to rise in demand for medical devices which may have positive influence on polymer bearing market size.
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The Polymer Bearing Market Report Consists of,
1. Methodology and Scope
2. Executive Summary
3. Polymer Bearing Market Industry Insights
3.1 Industry segmentation
3.2. Industry size, forecast and growth expectations, 2016 - 2024
3.3. Industry ecosystem analysis
3.4. Raw material insights
3.5. Technology insights
3.6. Regulatory framework
3.7. Industry dynamics
3.8. Key growth opportunities
3.9. Porter's analysis
3.10. Company market share, 2015
3.11. PESTEL analysis
3.14. Regional price trends
4. Polymer Bearing Market Product Insights
5. Polymer Bearing Market Application Insights
6. Polymer Bearing Market Regional Insights
7. Competitor Profiles
Phenolic bearings dominate polymer bearing market as they have replaced wood and metal bearings due to strength and shock resistance properties. Strong applications outlook in electrical switch-gear, rubber-shaft bearings and propeller in ships, water-turbine and rolling-mill bearings will drive product demand.
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Asia Pacific, led by India, South Korea, Japan and China polymer bearing market size may show significant regional growth due to strong applications in food processing and medical & pharmaceutical industry. Easy accessibility of raw materials and labor may favor regional industry growth.
Europe, driven by UK, France and Germany polymer bearing market size may grow significantly owing to strong fixed investment environment and manufacturing of motor vehicles driving regional industry growth. Increasing application scope in non-food & beverages packaging applications including, pharmaceutical, household chemicals and cosmetics & toiletries may drive regional product demand.
Global polymer bearing market share is fragmented. Key market players operating in this industry are BNL, SKF, Igus Inc., Boston Gear LLC., Saint-Gobain, Oiles Corporation, KMS Bearings, Kashima Bearings, Kilian Manufacturing and Dotmar Engineering Plastic Products.
About Global Market Insights, Inc.:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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Corporate Sales, USA
Global Market Insights, Inc.
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