Plain Bearing Market to Remain Lucrative During 2016 - 2024
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.
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.
3739 Balboa St # 1097,
San Francisco, CA 94121
This release was published on openPR.
Permanent link to this press release:
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: 101
More Releases from TMR Research
Global Private LTE Market Analysis by Market Key Player, Product Application & G …
Global Private LTE Market: Overview The global private LTE market likely to registers significant growth during the course of forecast period from the period between 2018 till 2028. Moreover, this network provides the better alternatives of the public networks on account of high operational efficiency, low cost deployment and improved business application in terms of security. The private LTE market also provide more capacity and coverage and has facility to modify
Crude Sulfate Turpentine Market 2025 Harting S.A., Arizona Chemical Company LLC, …
Global Crude Sulfate Turpentine Market: Snapshot The global market for crude sulfate turpentine is growing at a robust pace and is likely to witness significant growth in the coming years. The increasing use of crude sulfate turpentine in diverse applications is expected to encourage the growth of the global market in the coming years. In addition, the rising demand for high-value products for personal care, especially in developing economies is likely
Wood Vinegar Market 2017 Analysis, Growth, Vendors, Shares, Drivers, Challenges …
Global Wood Vinegar Market: Snapshot Pyroligneous acid, commonly known as wood vinegar, is created from wood and plant materials, using a process known as destructive distillation. The core ingredients of wood vinegar include acetone, methanol, and acetic acid, and was historically used to produce acetic acid on large scales. Currently, the scope of use of wood vinegar stretches across a large number of application segments. One of the more common uses
Meat Processing Equipment Market 2025 | Key Technology Inc., JBT Corporation, Ma …
Global Meat Processing Equipment Market: Snapshot Changing food preferences, lifestyles, tastes, and habits of the global population have bolstered the growth of the market for meat processing equipment. Developing economies such as China and India have been exhibiting enormous demand for meat over the last few decades. Industrialization, growing urbanization, Western influence on the food habits of Eastern consumers, and the growing disposable incomes of people have offset the growth of
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