Global Plain Bearing Market - Projected to Reach USD 15.23 Billion by 2022 - Increase in Demand from Automotive Industry is Propelling Growth - Research and Markets

DUBLIN--()--Research and Markets has announced the addition of the "Plain Bearing Market - Global Forecast to 2022" report to their offering.

The global plain bearing market is projected to reach USD 15.23 billion by 2022, at a CAGR of 4.8% between 2017 and 2022.

The increase in demand for plain bearings from the automotive industry is propelling the growth of this market. Plain bearings are being widely used in the automotive industry, owing to their properties such as lightweight, high corrosion & chemical resistance, high wear & fatigue resistance, and less noise. One of the major restraints inhibiting the growth of the global plain bearing market includes the increase in the life span of bearings due to technological innovations; hindering the aftermarket sales, ultimately affecting the global plain bearing market.

The journal type segment contributed the largest share to the global plain bearing market in 2016; this segment is projected to grow at the highest CAGR from 2017 to 2022. This growth is mainly attributed to the increasing demand for journal bearings from several end-use industries, such as automobile, aerospace, construction, and energy. In addition, unique properties of journal bearings that include a relatively simple design and construction, less noise, and high load carrying capacity are anticipated to propel the demand for journal plain bearings.

The industrial end-user segment accounted for the second-largest share of the global plain bearing market in 2016; this segment is projected to grow at a high CAGR from 2017 to 2022. This growth is mainly attributed to the increasing demand for plain bearings in various industries. Plain bearings are used in industrial applications for elevators, production lines, and conveyor belts, among others.

Companies Mentioned

  • Boston Gear LLC
  • GGB Bearing Technology
  • IGUS
  • Kashima Bearings, Inc.
  • Minebea Mitsumi Inc.
  • NSK Ltd.
  • NTN Corporation
  • PBC Linear
  • RBC Bearings Incorporated
  • SGL Group
  • SKF Group
  • Schaeffler Technologies Ag & Co. KG
  • THK Co., Ltd.
  • Thomson Industries, Inc.
  • Timken Company
  • Zollern GmbH & Co. KG

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Plain Bearing Market, By End User

7 Plain Bearing Market, By Type

8 Plain Bearing Market, By Region

9 Competitive Landscape

10 Company Profiles

11 Appendix

For more information about this report visit http://www.researchandmarkets.com/research/8lgk3q/plain_bearing

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Related Topics: Bearings

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Related Topics: Bearings