openPR Logo
Press release

Growing Production of Motor Vehicles to Directly Influence Demand for Plain Bearings

11-29-2017 11:58 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: Transparency Market Research

/ PR Agency: Transparency Market Research
The plain bearing market has been growing at a steady pace due to the increasing demand for motor vehicles, oilfield machinery, and construction work. A wide range of equipment used in the energy, aerospace, railways, automotive, farm and gardening, construction, and oilfield sectors make extensive use of plain bearings.

The primary factor driving the growth of the global plain bearing market is the growing demand for motor vehicles worldwide. In addition, the rising demand for bearings in the defense and aerospace sector is aiding the growth of this market.

Rising technological innovations are, however, making these bearings more durable and this hinders aftermarket sales. The growing number of counterfeit products is also hampering the growth of the plain bearings market globally. On the bright side, the introduction of smart bearings is expected to provide new opportunities manufacturers of plain bearings in the near future.

The global plain bearing market was valued at US$9.5 bn in 2015 and is expected to reach US$16.2 bn by 2024, registering a CAGR of 5.8% therein.

Obtain Report Details @

https://www.transparencymarketresearch.com/plain-bearing-market.html

Automotive Industry Holds Considerable Share in Plain Bearing Market

Based on end use, the global market for plain bearings is broadly bifurcated into the automotive and industrial sectors. The industrial sector is further segmented into chemical, agriculture, food and beverage, pulp and paper, aerospace, and others. Recent trends show that there is a steady year-on-year rise in the production of motor vehicles and thus the automotive industry accounts for a considerable share in the plain bearing market.

In the industrial segment, the construction sector holds a major chunk of the market in certain regions. In addition to the construction sector, oilfields and the aerospace industry are expected to contribute to the growth of the plain bearing market during the forecast period.

RoW Presents Lucrative Opportunities for Manufacturers of Plain Bearings

Geographically, Asia Pacific has been leading the plain bearing market and is expected to retain its lead throughout the forecast period. Continuous urbanization and the growing demand for automobiles in developing countries such as India and China is driving the Asia Pacific market.

In addition to this, the falling prices of bearings bode well for the market in this region. South Korea, Taiwan, Singapore, and Japan have also been witnessing rapid growth in the automotive sector and many plain bearing companies in these countries are opening up manufacturing facilities in order to cater to the growing demand. The rising demand for infrastructure development is boosting the use of plain bearings in the construction industry, TMR finds.

Request Sample @

https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=14651

The Rest of the World segment includes the Middle East, Africa, and South America. The Middle East has proven to be a lucrative region for the plain bearing market owing to its thriving construction and automotive industries. In 2012, NSK opened its new branch NSK Bearings Gulf Trading Co. in Dubai, UAE.

Countries in the African continent, such as South Africa, have been observing an increased level of industrialization and this is expected to boost the demand as well as market for plain bearings in the coming years.

South America is mainly dominated by Brazil and has several conducive factors contributing to the plain bearing market in the region. The ongoing development in the construction sector is the primary demand driver for journal bearings.

The key 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

About Us

Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We have an experienced team of Analysts, Researchers, and Consultants, who us e proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Each TMR Syndicated Research report covers a different sector – such as pharmaceuticals, chemical, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, our syndicated reports thrive to provide clients to serve their overall research requirement.

Contact

Transparency Market Research
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Growing Production of Motor Vehicles to Directly Influence Demand for Plain Bearings here

News-ID: 837417 • Views: 129

More Releases from Transparency Market Research

Feather Meal Market: Import-Export, Industry Chain Structure and Development Opp …
A recent study published by Transparency Market Research on the feather meal market includes global industry analysis and opportunity assessment for 2020-2030. Revenue generated from the global feather meal market was valued at US$ 359.5 Mn in 2020, which is estimated to rise at a CAGR of 8.6%, to reach ~US$ 820 Mn by 2030. Obtain Report Details @ https://www.transparencymarketresearch.com/feather-meal-market.html global feather meal market Nutritive Value of Feather Meal to Influence Feather
Analysing The Size Of The Mineral Feed Market On The Basis Of Value And Volume t …
Meat processing industry is faced with the rising demand for high-quality meat, which is likely to push for the consumption of minerals feed. Increased consumption of mineral feed is then expected to give impetus to the global mineral feed market during the forecast timeframe. Obtain Report Details @ https://www.transparencymarketresearch.com/mineral-feed-market.html Minerals are those supplements that are added to the animal feed for the purpose of overall health, development, well-being, and optimal growth. It
Covid-19 Impact on Alcoholic Ice Cream Market - Positive Long-Term Growth Outloo …
Perception towards alcohol has changed significantly across the globe, and people nowadays are giving positive response towards alcohol consumption. Alcohol is also used while cooking several dishes and its use in ice creams has also grown. With increasing positive response towards consumption of alcohol and products that are infused with alcohol are gaining huge traction across the globe. Players manufacturing alcohol infused ice cream are introducing new flavors such as
Understanding Impact of COVID-19 on Knee Implants Market
Knee implants plays significant role in resurfacing a knee damaged either by traumas or by rheumatoid arthritis. Surgical procedure involving implantation of an artificial knee is termed as arthroplasty. Depending upon the severity and need, these knee implants are developed in different forms viz., metal alloys, strong plastic parts and ceramic material. The rising proportion of aging population across the world has increased the number of people suffering from osteoporosis

All 5 Releases


More Releases for Bearing

Global Machine Tool Bearing Market 2019 Top Key Players: Timken, Schaeffler, Luo …
Summary WiseGuyReports.com adds “Machine Tool Bearing Market 2019 Global Analysis, Growth, Trends and Opportunities Research Report Forecasting to 2024” reports to its database. This report provides in depth study of “Machine Tool Bearing Market” using SWOT analysis i.e. Strength, Weakness, Opportunities and Threat to the organization. The Machine Tool Bearing Market report also provides an in-depth survey of key players in the market which is based on the various objectives of an
Machine Tool Bearing Market Report for Period 2017 till 2022 Luoyang Bearing, Ha …
Global Machine Tool Bearing Market report emphasizes on detailed analysis of companies and manufacturers like Luoyang Bearing, Harbin Bearing Group, Fujian Longxi Bearing and Others. This market study includes data about global market statistics, market share, company performances, historical analysis 2012 to 2016, market forecast 2017 to 2023 in terms of volume, revenue, YOY growth rate, and CAGR for the year 2017 to 2023, etc. The Global Machine Tool Bearing
Global Automotive Generation 3 Hub Bearing Market 2017 : Harbin Bearing, ILJIN, …
A market study based on the "Automotive Generation 3 Hub Bearing Market" across the globe, recently added to the repository of Market Research, is titled ‘Global Automotive Generation 3 Hub Bearing Market 2017’. The research report analyses the historical as well as present performance of the worldwide Automotive Generation 3 Hub Bearing industry, and makes predictions on the future status of Automotive Generation 3 Hub Bearing market on the basis
Measuring Bearing Vibration Levels
Data Acquisition Systems for Fault Diagnosis & Condition Monitoring The diagnosis of bearing damage in roller bearings is an integral part of servicing and maintenance tasks. Increasingly, technicians rely on condition monitoring systems (CMS) for machine diagnoses in plants and factories. Many CMS systems are based on vibration measurements. Two contrasting approaches exist: the diagnostic, qualitative approach (producing an envelope spectrum); and the quantitative approach (measuring vibration velocity). Delphin Expert Vibro
Global Plastic Bearing Market 2016- Yisheng Bearing Company (CN), Haining Lino-b …
Market.Biz has recently launched new Market Research Report on "Plastic Bearing Market" is a in-depth and professional survey on Plastic Bearing Market. The research study Global Plastic Bearing Industry offers strategic assessment of the Global Plastic Bearing market. The industry report focuses on the growth opportunities, which will help the Global Plastic Bearing industry to expand operations in the existing markets. Major Manufacturers Analysis of Plastic Bearing :- (with Company Profile, Product
Emerson Bearing Announces Printing Division
Bearings for Prepress, Offset, Digital Printing and Paper Converting BOSTON, MA... Emerson Bearing Boston, a bearing company catering to OEM (Original Equipment Manufacturers) and MRO (Maintenance, Repair and Operations) markets around the world, has experienced increased demand for bearings and related products for prepress, offset, digital printing and paper converting, and established a Printing Division to specifically cater to these markets. Rick Piracini, an industry solutions expert with more than a decade