Market outlook of the global self-lubricating bearings market
Self-lubricating bearings are modern devices, which are created to cater to the growing need for energy efficiency and functionality of various equipment used in manufacturing processes. Tremendous progression in the bearing lubrication technology has led to the growth of self-lubricating plain bearings that are lightweight and incur low maintenance cost, enabling end-users to optimize the productivity of various bearing-based applications competently and cost-effectively.
The global self-lubricating bearings market is expected to grow significantly during the forecast period, posting a CAGR of more than 9%. This growth is attributed to factors such as global economic growth, increased manufacturing and construction activities, rising energy demand, and income levels. Advances in technology coupled with the need for energy-efficient and high-performance bearings in industrial equipment and machinery will further assist in the growth of the self-lubricating bearings market.
Segmentation of the self-lubricating bearings market by end-user Automotive Heavy industrial machinery General engineering Aerospace
The automotive industry holds the largest market share with over 37% and is one of the key end-users of bearings, as all the vehicles require a wide range of application-specific bearings. The main factors contributing to the growth of the automotive industry are favorable government regulations, steady economic growth, and infrastructure development in APAC, Europe, North America, and Latin America.
Geographical segmentation of the self-lubricating bearings market APAC EMEA Americas
APAC leads the self-lubricating bearings market with nearly 50% market share. The high tax imposition on completely built units and completely knocked down units has compelled global manufacturers to shift their manufacturing facilities to developing regions such as APAC, thus stimulating growth in this region. Countries such as China, India, Thailand, and Indonesia lead the market in the APAC region.
Competitive landscape and key vendors The innovation of smart self-lubricating bearing is a growing trend, which will drive the demand for self-lubricating bearings in the forecast period. Moreover, globalization and lack of product differentiation have also encouraged vendors to transform their products by adding new features and functionalities to enhance product performance and capabilities.
The primary vendors in this market are - NSK NTN Schaeffler SKF Timken
Other prominent vendors included in this report are Eickoff, Koyo Bearings, INA Bearing, Nachi-Fujikoshi, JTEKT, and NMB Bearings.
Key questions answered in the report include What will the market size and the growth rate be in 2019? What are the key factors driving the self-lubricating bearings market? What are the key market trends impacting the growth of the self-lubricating bearings market? What are the challenges to market growth? Who are the key vendors in the self-lubricating bearings market? What are the market opportunities and threats faced by the vendors in the self-lubricating bearings market? Trending factors influencing the market shares of the APAC, EMEA, and the Americas. What are the key outcomes of the five forces analysis of the self-lubricating bearings market? Technavio also offers customization on reports based on specific client requirement.
Related reports Global Personal Lubricant Market 2015-2019 Global Lubricant Additives Market 2015-2019 Global Anti-friction Bearings Market 2015-2019 Bearings Market in India 2015-2019 Global Bearings Market 2015-2019
Our reports have been used by over 10K customers, including:
281 pages •
By Asia Market Information & Development Company
• Jun 2021
China’s demand for Filters has grown at a fast pace in the past decade. In the next decade, both production and demand will continue to grow. The Chinese economy maintains a high speed growth which has been stimulated by the consecutive increases of industrial output, imports & exports, consumer consumption...
The pressure vessel composite materials market in APAC was valued at US$ 293.72 million in 2019 and is projected to reach US$ 1,433.68 million by 2027; it is expected to grow at a CAGR of 22.0 % from 2020 to 2027. Pressure vessel composite materials are used in pressure vessels used to store gases and liquids under high pressure.A composite...
The pressure vessel composites materials market in SAM was valued at US$ 38.76 million in 2019 and is projected to reach US$ 162.84 million by 2027; it is expected to grow at a CAGR of 19.7% from 2020 to 2027. Pressure vessel composite materials are used in pressure vessels used to store gases and liquids under high pressure.A composite...
Abstract Compressors Procurement in the US This report is intended to assist buyers of air and gas compressors for industrial and commercial use. Compressors increase the pressure being placed on a fluid in order to allow it to be transported through a pipe. Compressor manufacturers and wholesalers provide...
The global pressure vessel composite materials market was valued at US$ 758.36 million in 2019 and is projected to reach US$ 3,539.95 million by 2027; it is expected to grow at a CAGR of 21.4% from 2020 to 2027. Pressure vessel composite materials are used in pressure vessels used to store gases and liquids under high pressure.A composite...
Heavy load: Increasing online consumer activity is expected to sustain industry revenue Abstract Material Handling Equipment Distributors Operators in the Material Handling Equipment Distributors industry wholesale a range of industrial machinery and equipment. Capital investment in this industry’s...
The pressure vessel market is projected to grow at a CAGR of 4.5% from 2020 to 2025.
The global pressure vessel market size is projected to reach USD 53.3 billion by 2025 from an estimated USD 42.7 billion in 2020, at a CAGR of 4.5% during the forecast period. The installation of new pressure vessels in aging power plants...
The tow prepreg market is projected to register a CAGR of 10.0% during the forecast period. The tow prepreg market is expected to grow from USD 305 million in 2019 to USD 492 million by 2024, at a CAGR of 10.0% during the forecast period. New product developments leading to increased application of tow prepreg and growing...
Engines are roaring: The industry is forecast to grow amid a rising Wisconsin GDP Abstract Engine & Turbine Manufacturing in Wisconsin Operators in the Engine and Turbine Manufacturing industry in Wisconsin manufacture turbines and equipment used for power transmission, such as generators, as well as...
75 pages •
By Infiniti Research Limited
• Jun 2016
About the Rubber Processing Equipment Market Rubber processing equipment is used to process raw rubber. Processing methodologies include mastication and other methods like mixing, extrusion, and calendering. These processes give shape to the final product. The mastication processing method breaks down the polymer chains to reduce the...
Synthetic Rubber Production
Natural Rubber Production
You can change your Cookie Settings at any time but parts of our site will not function correctly without them.