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Plain Bearing Market by Type, End-Use Industry (Automotive, Industrial, Aerospace, Energy, Construction Machinery, Agricultural & Gardening Equipment, Oilfield Machinery, Office Products) and Region - Global Forecast to 2026

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    Report

  • 215 Pages
  • February 2022
  • Region: Global
  • Markets and Markets
  • ID: 4211650

Increasing Applications in Energy End-Use Industry Expected to Drive Market

The global plain bearing market size is estimated at USD 10.0 billion in 2021 and is projected to reach USD 13.0 billion by 2026, at a CAGR of 5.2% between 2021 and 2026. The market is propelled by the growth of various end-use industries. Increasing investments in infrastructure, new industrial projects, and the development of heavy machinery in China, India, the US, Germany, and Brazil have also boosted market growth.



Journal as type is anticipated to grow at the highest CAGR during the forecast period


The journal type segment contributed the largest share to the global plain bearing market in 2020; this segment is projected to grow at the highest CAGR from 2021 to 2026. This growth is mainly attributed to the increasing demand for journal bearings from varied end-use industries such as automobile, aerospace, construction machinery, and energy. In addition, journal bearings have properties such as excellent strength and shock resistance. There is no rolling element in these bearings. These bearings work efficiently in heavily loaded systems, wherein sufficient clearance and lubrication is provided.  


Industrial as an end use industry of plain bearings is projected to grow at the highest CAGR during the forecast period 


The Industrial industry as an end-use industry is projected to grow at the highest CAGR during the forecast period, due to rapid industrialization in emerging economies India and China in the Asia Pacific region. Plain bearings are used industrial industry in cleaning equipment, chlorine systems, film processing systems, fuel handling systems, oxygen systems, and chemical processing equipment.


Asia-Pacific is projected to grow at the highest CAGR during the forecast period 


Increasing demand for plain bearings from the rapidly growing end-use industries such as automotive, aerospace, construction machinery, and energy in the Asia Pacific region is one of the major factors responsible for the highest share and CAGR of this region. The plain bearing market in Asia-Pacific is driven by the increased foreign investments, and low labor costs. The end-use industries of plain bearings, such as automotive, construction machinery, and energy, are growing in emerging countries such as China, India and Thailand, which play an important role in driving the market. 


Profile break-up of primary participants for the report:

  • By Company Type: Tier 1 - 40%, Tier 2 - 20%, and Tier 3 - 40% 
  • By Designation: C-level Executives - 10%, Directors - 70%, and Others - 20%
  • By Region: Asia Pacific - 25%, Europe - 45%, North America - 20%, the Middle East & Africa- 5%, and South America - 5%


Furthermore, as a part of qualitative analysis, the research provides a comprehensive review of major market drivers, restraints, opportunities, and challenges. It also discusses competitive strategies adopted by different market players, such as NTN Corporation (Japan), SKF Group (Sweden), Schaeffler Group (Germany), Timken Company (US), THK Co., Ltd. (Japan), NSK Ltd. (Japan), MinebeaMitsumi Inc. (Japan), RBC Bearings Incorporated (US), and SGL Carbon (Germany), ElringKlinger AG (Germany), GGB (France), igus (Germany), Kashima Bearings, Inc (Japan), Boston Gear LLC (US), Thomson Industries, Inc. (US), ZOLLERN GmbH & Co. KG (Germany), PBC Linear (US), GGT Gleitlager AG (Switzerland), Midwest Control Products Corp. (US), Accurate Bushing Company (US), AEC (India), Chiavette Unificate S.p.A. (Italy), HepcoMotion (UK), Alloy Bearings (New Zealand), and Kingsbury, Inc. (US).


Research Coverage:


This report offers an overview of market trends, drivers, and challenges with respect to the plain bearing market. It also provides a detailed overview of the market across five regions, namely, Asia-Pacific, Europe, North America, Middle East & Africa, and South America. The report categorizes the plain bearings market on the basis of type, end-use industry and region. A detailed analysis of leading players, along with key growth strategies adopted by them, are also covered in the report.


Reasons to Buy the Report:


The report will help the market leaders/new entrants in this market by providing them the closest approximations of the revenue numbers for the overall plain bearing market and the subsegments. This report will help stakeholders to better understand the competitor landscape and gain more insights to better position their businesses and make suitable go-to-market strategies. The report also helps the stakeholders to understand the pulse of the market and provides them information on key market drivers, restraints, challenges, and opportunities.
Frequently Asked Questions about the Global Plain Bearing Market

What is the estimated value of the Global Plain Bearing Market?

The Global Plain Bearing Market was estimated to be valued at $10 Billion in 2022.

What is the growth rate of the Global Plain Bearing Market?

The growth rate of the Global Plain Bearing Market is 5.2%, with an estimated value of $13 Billion by 2027.

What is the forecasted size of the Global Plain Bearing Market?

The Global Plain Bearing Market is estimated to be worth $13 Billion by 2027.

Who are the key companies in the Global Plain Bearing Market?

Key companies in the Global Plain Bearing Market include Accurate Bushing Company, AEC, Alloy Bearings, Boston Gear LLC, Chiavette Unificate S.P.A, Elringklinger Ag, GGB, GGT Gleitlager Ag and Igus.

Table of Contents

1 Introduction
1.1 Objectives of the Study 1.2 Market Definition 1.3 Study Scope 1.3.1 Markets Covered 1.3.2 Years Considered for the Study 1.4 Currency Considered 1.5 Limitations 1.6 Stakeholders
2 Research Methodology
2.1 Research Data 2.1.1 Secondary Data 2.1.1.1 Key Data From Secondary Sources 2.1.2 Primary Data 2.1.2.1 Key Data From Primary Sources 2.1.2.2 Key Industry Insights 2.1.2.3 Breakdown of Primary Interviews 2.2 Market Size Estimation 2.3 Market Breakdown and Data Triangulation 2.4 Research Assumptions
3 Executive Summary
4 Premium Insights
4.1 Attractive Market Opportunities in the Plain Bearing Market 4.2 Plain Bearing Market, By Type 4.3 Plain Bearing Market 4.4 Plain Bearing Market Growth 4.5 Plain Bearing Market, By End User 4.6 Plain Bearing Market: Developing vs Developed Nations
5 Market Overview
5.1 Introduction 5.2 Market Dynamics 5.2.1 Drivers 5.2.1.1 Increasing Demand for Plain Bearings From End Users 5.2.1.2 Cost-Effective Production of Plain Bearings in Asia-Pacific 5.2.2 Restraints 5.2.2.1 Increasing Life Span of Bearings Due to Technological Innovations 5.2.3 Opportunities 5.2.3.1 Growth Prospects in Developing Economies 5.2.3.2 New Product Innovation and Development 5.2.4 Challenges 5.2.4.1 Growing Number of Counterfeit Products 5.2.4.2 Volatility of Raw Material Prices 5.3 Cost Structure Analysis 5.4 Porter’s Five Forces 5.4.1 Threat of New Entrants 5.4.2 Threat of Substitutes 5.4.3 Bargaining Power of Suppliers 5.4.4 Bargaining Power of Buyers 5.4.5 Intensity of Competitive Rivalry 5.5 Economic Indicators 5.5.1 Industry Outlook 5.5.1.1 Automobile 5.5.1.2 Manufacturing 5.5.1.3 Oil & Gas Industry
6 Plain Bearing Market, By End User
6.1 Introduction 6.2 Automotive 6.3 Industrial 6.4 Aerospace 6.5 Energy 6.6 Construction Machinery 6.7 Agricultural & Gardening Equipment 6.8 Oilfield Machinery 6.9 Office Products 6.10 Other End Users
7 Plain Bearing Market, By Type
7.1 Introduction 7.2 Journal Plain Bearing 7.3 Linear Plain Bearing 7.4 Thrust Plain Bearing 7.5 Angular Contact Plain Bearing 7.6 Other Plain Bearings
8 Plain Bearing Market, By Region
8.1 Introduction 8.2 Asia-Pacific 8.2.1 China 8.2.2 Japan 8.2.3 India 8.2.4 South Korea 8.2.5 Thailand 8.2.6 Australia 8.2.7 Singapore 8.2.8 Rest of Asia-Pacific 8.3 Europe 8.3.1 Germany 8.3.2 France 8.3.3 U.K. 8.3.4 Italy 8.3.5 Spain 8.3.6 Russia 8.3.7 Rest of Europe 8.4 North America 8.4.1 U.S. 8.4.2 Canada 8.4.3 Mexico 8.5 Middle East & Africa 8.5.1 Saudi Arabia 8.5.2 Qatar 8.5.3 Turkey 8.5.4 Rest of Middle East & Africa 8.6 South America 8.6.1 Brazil 8.6.2 Argentina 8.6.3 Peru 8.6.4 Rest of South America
9 Competitive Landscape
9.1 Overview 9.2 Plain Bearing Market: Market Share Analysis 9.2.1 NTN Corporation 9.2.2 NSK Ltd. 9.2.3 Timken Company 9.2.4 SKF Group 9.2.5 Schaeffler Technologies Ag & Co. Kg 9.3 New Product Launches 9.4 Agreements 9.5 Expansions 9.6 Acquisitions
10 Company Profiles
(Business Overview, Products & Services, Key Insights, Recent Developments, SWOT Analysis, MnM View) - 10.1 NTN Corporation 10.2 SKF Group 10.3 Schaeffler Technologies Ag & Co. Kg 10.4 Timken Company 10.5 THK Co., Ltd. 10.6 NSK Ltd. 10.7 Minebea Mitsumi Inc. 10.8 RBC Bearings Incorporated 10.9 SGL Group 10.10 GGB Bearing Technology 10.11 IGUS 10.12 Kashima Bearings, Inc. 10.13 Boston Gear LLC 10.14 Thomson Industries, Inc. 10.15 Zollern GmbH & Co. Kg 10.16 PBC Linear 10.17 Other Companies
11 Appendix
11.1 Discussion Guide
List of Tables
Table 1 Global Plain Bearing Market Snapshot Table 2 Plain Bearing- Cost Structure Analysis Table 3 International Car Sales Outlook Table 4 Plain Bearing Market, By End User, 2015-2022 (USD Million) Table 5 Plain Bearing Market for Automotive, By Region, 2015-2022 (USD Million) Table 6 Plain Bearing Market for Industrial, By Region, 2015-2022 (USD Million) Table 7 Plain Bearing Market for Aerospace, By Region, 2015-2022 (USD Million) Table 8 Plain Bearing Market for Energy, By Region, 2015-2022 (USD Million) Table 9 Plain Bearing Market for Construction Machinery, By Region, 2015-2022 (USD Million) Table 10 Plain Bearing Market for Agricultural & Gardening Equipment, By Region, 2015-2022 (USD Million) Table 11 Plain Bearing Market for Oilfield Machinery, By Region, 2015-2022 (USD Million) Table 12 Plain Bearing Market for Office Products, By Region, 2015-2022 (USD Million) Table 13 Plain Bearing Market for Other End Users, By Region, 2015-2022 (USD Million) Table 14 Plain Bearing Market, By Type, 2015-2022 (USD Million) Table 15 Journal Plain Bearing Market, By Region, 2015-2022 (USD Million) Table 16 Linear Plain Bearing Market, By Region, 2015-2022 (USD Million) Table 17 Thrust Plain Bearing Market, By Region, 2015-2022 (USD Million) Table 18 Angular Contact Plain Bearing Market, By Region, 2015-2022 (USD Million) Table 19 Other Plain Bearing Market, By Region, 2015-2022 (USD Million) Table 20 Plain Bearing Market, By Region, 2015-2022 (USD Million) Table 21 Asia-Pacific Plain Bearing Market, By End User, 2015-2022 (USD Million) Table 22 Asia-Pacific Plain Bearing Market, By Country, 2015-2022 (USD Million) Table 23 Asia-Pacific Plain Bearing Market, By Type, 2015-2022 (USD Million) Table 24 China Plain Bearing Market, By End User, 2015-2022 (USD Million) Table 25 China Plain Bearing Market, By Type, 2015-2022 (USD Million) Table 26 Japan Plain Bearing Market, By End User, 2015-2022 (USD Million) Table 27 Japan Plain Bearing Market, By Type, 2015-2022 (USD Million) Table 28 India Plain Bearing Market, By End User, 2015-2022 (USD Million) Table 29 India Plain Bearing Market, By Type, 2015-2022 (USD Million) Table 30 South Korea Plain Bearing Market, By End User, 2015-2022 (USD Million) Table 31 South Korea Plain Bearing Market, By Type, 2015-2022 (USD Million) Table 32 Thailand Plain Bearing Market, By End User, 2015-2022 (USD Million) Table 33 Thailand Plain Bearing Market, By Type, 2015-2022 (USD Million) Table 34 Australia Plain Bearing Market, By End User, 2015-2022 (USD Million) Table 35 Australia Plain Bearing Market, By Type, 2015-2022 (USD Million) Table 36 Singapore Plain Bearing Market, By End User, 2015-2022 (USD Million) Table 37 Singapore Plain Bearing Market, By Type, 2015-2022 (USD Million) Table 38 Rest of Asia-Pacific Plain Bearing Market, By End User,2015-2022 (USD Million) Table 39 Rest of Asia-Pacific Plain Bearing Market, By Type, 2015-2022 (USD Million) Table 40 Europe Plain Bearing Market, By End User, 2015-2022 (USD Million) Table 41 Europe Plain Bearing Market, By Country, 2015-2026 (USD Million) Table 42 Europe Plain Bearing Market, By Type, 2015-2022 (USD Million) Table 43 Germany Plain Bearing Market, By End User, 2015-2022 (USD Million) Table 44 Germany Plain Bearing Market, By Type, 2015-2022 (USD Million) Table 45 France Plain Bearing Market, By End User, 2015-2022 (USD Million) Table 46 France Plain Bearing Market, By Type, 2015-2022 (USD Million) Table 47 U.K. Plain Bearing Market, By End User, 2015-2022 (USD Million) Table 48 U.K. Plain Bearing Market, By Type, 2015-2022 (USD Million) Table 49 Italy Plain Bearing Market, By End User, 2015-2022 (USD Million) Table 50 Italy Plain Bearing Market, By Type, 2015-2022 (USD Million) Table 51 Spain Plain Bearing Market, By End User, 2015-2022 (USD Million) Table 52 Spain Plain Bearing Market, By Type, 2015-2022 (USD Million) Table 53 Russia Plain Bearing Market, By End User, 2015-2022 (USD Million) Table 54 Russia Plain Bearing Market, By Type, 2015-2022 (USD Million) Table 55 Rest of Europe Plain Bearing Market, By End User, 2015-2022 (USD Million) Table 56 Rest of Europe Plain Bearing Market, By Type, 2015-2022 (USD Million) Table 57 North America Plain Bearing Market, By End User, 2015-2022 (USD Million) Table 58 North America Plain Bearing Market, By Country, 2015-2022 (USD Million) Table 59 North America Plain Bearing Market, By Type, 2015-2022 (USD Million) Table 60 U.S. Plain Bearing Market, By End User, 2015-2022 (USD Million) Table 61 U.S. Plain Bearing Market, By Type, 2015-2022 (USD Million) Table 62 Canada Plain Bearing Market, By End User, 2015-2022 (USD Million) Table 63 Canada Plain Bearing Market, By Type, 2015-2022 (USD Million) Table 64 Mexico Plain Bearing Market, By End User, 2015-2022 (USD Million) Table 65 Mexico Plain Bearing Market, By Type, 2015-2022 (USD Million) Table 66 Middle East & Africa Plain Bearing Market, By End User,2015-2022 (USD Million) Table 67 Middle East & Africa Plain Bearing Market, By Country,2015-2022 (USD Million) Table 68 Middle East & Africa Plain Bearing Market, By Type, 2015-2022 (USD Million) Table 69 Saudi Arabia Plain Bearing Market, By End User, 2015-2022 (USD Million) Table 70 Saudi Arabia Plain Bearing Market, By Type, 2015-2022 (USD Million) Table 71 Qatar Plain Bearing Market, By End User, 2015-2022 (USD Million) Table 72 Qatar Plain Bearing Market, By Type, 2015-2022 (USD Million) Table 73 Turkey Plain Bearing Market, By End User, 2015-2022 (USD Million) Table 74 Turkey Plain Bearing Market, By Type, 2015-2022 (USD Million) Table 75 Rest of Middle East & Africa Plain Bearing Market, By End User,2015-2022 (USD Million) Table 76 Rest of Middle East & Africa Plain Bearing Market, By Type,2015-2022 (USD Million) Table 77 South America Plain Bearing Market, By End User, 2015-2022 (USD Million) Table 78 South America Plain Bearing Market, By Country, 2015-2022 (USD Million) Table 79 South America Plain Bearing Market, By Type, 2015-2022 (USD Million) Table 80 Brazil Plain Bearing Market, By End User, 2015-2022 (USD Million) Table 81 Brazil Plain Bearing Market, By Type, 2015-2022 (USD Million) Table 82 Argentina Plain Bearing Market, By End User, 2015-2022 (USD Million) Table 83 Argentina Plain Bearing Market, By Type, 2015-2022 (USD Million) Table 84 Peru Plain Bearing Market, By End User, 2015-2022 (USD Million) Table 85 Peru Plain Bearing Market, By Type, 2015-2022 (USD Million) Table 86 Rest of South America Plain Bearing Market, By End User,2015-2022 (USD Million) Table 87 Rest of South America Plain Bearing Market, By Type, 2015-2022 (USD Million) Table 88 New Product Launches, 2011-2017 Table 89 Agreements, 2011-2017 Table 90 Expansions, 2011-2017 Table 91 Acquisitions, 2011-2017
List of Figures
Figure 1 Plain Bearing Market: Research Design Figure 2 Breakdown of Primary Interviews, By Company, Designation, and Region Figure 3 Market Size Estimation: Bottom-Up Approach Figure 4 Market Size Estimation: Top-Down Approach Figure 5 Plain Bearing Market: Data Triangulation Figure 6 Automotive Segment Projected to Lead the Global Plain Bearing Market Between 2017 and 2022 Figure 7 Journal Type Segment Anticipated to Lead the Plain Bearing Market By 2022 Figure 8 Plain Bearing Market, By Region, 2016 Figure 9 Asia-Pacific Projected to Grow at the Highest CAGR Between  2017 and 2022 Figure 10 Plain Bearing Market Projected to Witness Significant Growth Between 2017 and 2022 Figure 11 Journal Segment Anticipated to Grow at the Highest CAGR Between 2017 and 2022 Figure 12 Automotive Segment Accounted for the Largest Share of the Plain Bearing Market in 2016 Figure 13 China to Grow at the Highest CAGR Between 2017 and 2022 Figure 14 Automotive Segment Estimated to Account for the Largest Share of the Plain Bearing Market in 2017 Figure 15 Emerging Nations to Grow at Higher CAGR Between 2017 and 2022 Figure 16 Increasing Demand for Plain Bearings From End-Use Industries to Fuel the Market Growth Between 2017 and 2022 Figure 17 Global Automobile Production Data, 2011-2016 Figure 18 Average Crude Oil Prices, 2005-2016 Figure 19 Plain Bearing - Cost Structure Analysis Figure 20 Porter’s Five Forces Analysis Figure 21 Manufacturing Industry Growth Rates, (2015) Figure 22 Region wise Oil Production Figure 23 Plain Bearing Market, By End User, 2017 & 2022 (USD Million) Figure 24 Plain Bearing Market, By Type, 2017 & 2022 (USD Million) Figure 25 Global Snapshot (2017-2022): Figure 26 Asia-Pacific Plain Bearing Market Snapshot Figure 27 Europe Plain Bearing Market Snapshot Figure 28 North America Plain Bearing Market Snapshot Figure 29 Middle East & Africa Plain Bearing Market Snapshot Figure 30 South America Plain Bearing Market Snapshot Figure 31 Market Share Analysis for Key Player in Plain Bearing Market, 2016 Figure 32 Battle for Market Share: New Product Launch Was the Key Growth Strategy Figure 33 NTN Corporation: Company Snapshot Figure 34 SKF Group: Company Snapshot Figure 35 Schaeffler Technologies Ag & Co. Kg: Company Snapshot Figure 36 Timken Company: Company Snapshot Figure 37 THK Co., Ltd.: Company Snapshot Figure 38 NSK Ltd.: Company Snapshot Figure 39 Minebea Mitsumi Inc.: Company Snapshot Figure 40 RBC Bearings Incorporated: Company Snapshot Figure 41 SGL Group: Company Snapshot

Executive Summary

Companies Mentioned

  • Accurate Bushing Company
  • AEC
  • Alloy Bearings
  • Boston Gear LLC
  • Chiavette Unificate S.P.A
  • Elringklinger Ag
  • GGB
  • GGT Gleitlager Ag
  • Hepcomotion
  • Igus
  • Kashima Bearings, Inc.
  • Kingsbury, Inc.
  • Midwest Control Products Corp.
  • Minebeamitsumi Inc.
  • NSK Ltd.
  • NTN Corporation
  • PBC Linear
  • RBC Bearings Incorporated
  • Schaeffler Group
  • SGL Carbon
  • SKF Group
  • THK Co. Ltd.
  • Thomson Industries, Inc.
  • Timken Company
  • Zollern GmbH & Co. Kg

Methodology

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