openPR Logo
Press release

Plain Bearing Market to Remain Lucrative During 2016 - 2024

02-14-2018 11:27 AM CET | IT, New Media & Software

Press release from: TMR Research

Plain Bearing Market to Remain Lucrative During 2016 - 2024

Plain Bearing Market: Overview

The global plain bearing market is anticipated to do decently well in the coming years, due to rise in demand for oilfield machinery, motor vehicles, and construction work. An extensive range of equipments are utilized in aerospace, automotive, railways, construction, farm and gardening, and oilfield industry, which are the leading end-users of the plain bearings. The global plain bearings market is prognosticated to register a steady growth with a CAGR of 5.8% within the forecast period from 2016 to 2024. The market was valued at US$9.5 bn in the year 2015. This figure is likely to reach US$16.2 bn by the end of 2024.

On the basis of end use the market is segmented into industrial and automotive sectors. The industrial sector is sub-segmented into agriculture, chemical, food and beverage, aerospace, pulp and paper, and so forth. With the surging production of automobiles, the segment is at the forefront of driving growth in the market and hence accounts for a leading share among end users.

The report provides well analyzed market figures, along with drivers, restraints, competitive landscape, key players and upcoming scope of growth in the future. It gives an in-depth study of the market with past statistics and current strategies, looking at which the buyer can get a clear idea about the opportunities in the plain bearing market.

Request Sample Copy of the Report @ https://www.tmrresearch.com/sample/sample?flag=S&rep_id=3071

Plain Bearing Market: Trends and Prospects

The increased demand for plain bearings in a various industries, for example, energy, railways, aerospace, automotive, and farm and gardening, are the most significant factors contributing in the progress of the market. Also, the fast development of the automobile business in various developing and developed economies is a prominent factor boosting the market.

The thriving demand for bearings in aviation and defense division in various regions is also stimulating the plain bearing market. Governments of a many developed and developing countries are investing significantly to improve their defense system. This is expected to supplement the development of the market in these areas. Moreover, the rising interest for journal bearings for several end-use sectors is another factor expected to help the market.

Ask An Expert @ https://www.tmrresearch.com/sample/sample?flag=ASK&rep_id=3071

Serving to offset the growth prospects resulting from the aforementioned drivers is the rise of fake products. This will likely dampen sales growth, particularly in cost-conscious developing nationsThe collapse of after-sales services is another factor likely to hinder the overall market growth.

Plain Bearing Market: Regional Outlook

Geographically, the global plain bearing market is divided broadly into Europe, North America, Latin America, Asia Pacific, and the Middle East and Africa. Among these the Asia Pacific region accounted a majority share in the market in 2015. This region is still anticipated to retain its leading position in the coming years as well. The prominent reason behind the dominance of the region is the increasing demand for motor vehicles. Besides, the increase in the urbanization in developing countries such as China and India is also supporting the development of plain bearings in the region.

Read Comprehensive Overview of Report@ https://www.tmrresearch.com/plain-bearing-market

Plain Bearing Market: Vendor Landscape

The Timken Company, SKF Group, Schaeffler AG, NTN Corporation, NSK Ltd, RBC Bearings, Inc., AST Bearing LLC, JTEKT Corporation, Brammer Plc, and GGB Bearing Technology are among the major players dominating the global plain bearings market.

About Us

TMR Research is a premier provider of customized market research and consulting services to business entities keen on succeeding in today’s supercharged economic climate. Armed with an experienced, dedicated, and dynamic team of analysts, we are redefining the way our clients’ conduct business by providing them with authoritative and trusted research studies in tune with the latest methodologies and market trends.

Our savvy custom-built reports span a gamut of industries such as pharmaceuticals, chemicals and metals, food and beverages, and technology and media, among others. With actionable insights uncovered through in-depth research of the market, we try to bring about game-changing success for our clients.

Contact:

TMR Research,
3739 Balboa St # 1097,
San Francisco, CA 94121
United States
Tel: +1-415-520-1050
Email: sales@tmrresearch.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 Plain Bearing Market to Remain Lucrative During 2016 - 2024 here

News-ID: 943095 • Views:

More Releases from TMR Research

Automotive Vision System Market Share and Growth Factors Impact Analysis 2021 - 2031
Automotive Vision System Market Share and Growth Factors Impact Analysis 2021 - …
Automotive Vision System Market: Introduction A system that increases the vehicle driver's perception during night or bad weather conditions is termed as Automotive night vision system (ANVS). The system is otherwise beyond the reach of the vehicle's headlights, thereby prevents accidents at night. It can also be defined as a system which assists the driver by increasing visibility during bad whether while providing safety. Vehicle which have automotive vision system integrated are
Waste Heat Recovery Market Competitive Landscape Analysis with Forecast by 2031
Waste Heat Recovery Market Competitive Landscape Analysis with Forecast by 2031
Waste Heat Recovery Market: Snapshot The waste heat recovery market has been expected to reach a valuation of US$ 65.87 Bn and expand at a CAGR of 6.90% in the foreseeable years from 2020 to 2030. The growth opportunities in the waste heat recovery market are attributed to the increasing prices of electricity and energy in the emerging economies. In addition to this, government regulations and incentives are also estimated to contribute
Physical Fitness Equipment Market Current Trends and Future Aspect Analysis | Market has been expected to reach a valuation of US$ 14.8 Bn and expand at a CAGR of 3.3% in the foreseeable years from 2021 to 2031.
Physical Fitness Equipment Market Current Trends and Future Aspect Analysis | Ma …
Global Physical Fitness Equipment Market: Snapshot The physical fitness equipment market has been expected to reach a valuation of US$ 14.8 Bn and expand at a CAGR of 3.3% in the foreseeable years from 2020 to 2030. The revenue generation opportunities in the physical fitness equipment market are attributed to the increasing enthusiasm among people toward fitness. In recent years, the fitness industry has been growing at a noticeable speed owing to
Molecular Spectrometry Market Competitive Analysis and Forecast 2021-2031 | Growing Regions like North America, Europe and Asia Pacific.
Molecular Spectrometry Market Competitive Analysis and Forecast 2021-2031 | Grow …
Global Molecular Spectrometry Market: Snapshot  Molecular spectrometry examines and quantifies the response of molecules on interaction with known amounts of energy. Molecules have some energy levels that can be studied by determining the molecule's energy exchange through emission or absorbance. Molecular spectrometry involves studying emission, absorption, or scattering of electromagnetic waves by atoms or molecules to quantitatively and qualitatively study atoms, molecules or physical processes. The interaction of matter with radiation

All 5 Releases


More Releases for Bearing

Wind Turbine Bearing Market Outlook to 2025 - NTN Bearing, Timken Company, AB SK …
The Wind Turbine Bearing Market research report analyzes factors affecting market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive Poter's five forces analysis. Increasing number of wind farms around the world, day by day developing technologies in the field of wind energy, and growing advancement in wind turbine equipment's
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
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
Global Groove Ball Bearing Market 2017 : Aoyama, Harbin bearing, Lily Bearing, E …
The Groove Ball Bearing market report covers forecast and analysis for the Groove Ball Bearing market on a global and regional level. The Groove Ball Bearing industry report provides historic data of 2015 along with a Groove Ball Bearing market forecast from 2015 to 2021 based on Groove Ball Bearing industry volume and Groove Ball Bearing revenue (USD Million). The Groove Ball Bearing includes Growth Drivers, Competitive Landscape for the