Apr 29, 2022/IndustryNewsGlobal/ The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Self-Lubricating Composite Bearings Market.
It was estimated prior to this unanticipated outbreak that the Self-Lubricating Composite Bearings Market is projected to witness an impressive CAGR of >7% over the next five years, driven by its several advantages, such as high strength, low life cycle cost, low maintenance cost, excellent dimensional stability in high-temperature areas, and no requirement for lubrication. Additionally, increasing demand for lightweight components across industries would further propel the demand for composite bearings over the next five years.
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This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
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Market Segmentation
By Reinforcement Type
Global self-lubricating composite bearings market is segmented based on reinforcement type as metal matrix and fiber matrix. Metal matrix is expected to remain the dominant reinforcement type in the global self-lubricating composite bearings market over the next five years, driven by its excellent strength as compared to metal bearings. This reinforcement type is also expected to register the highest growth in the same period.
By End-Use Industry Type
Global self-lubricating composite bearings market is further segmented based on end-use industry type as aerospace & defense, transportation, construction & mining equipment, agriculture, marine, and others. Construction & Mining equipment currently dominates the global self-lubricating composite bearings market and is projected to remain the largest end-use industry type during the forecast period of 2020 to 2025, driven by its several advantages, such as non-lubrication, low-maintenance, high strength, and an excellent dimensional stability in high temperature. Other major end-use industries, such as transportation, aerospace & defense, and agriculture, are also projected to create a healthy demand for composite bearings over the next five years.
Regional Insights
North America is expected to remain the largest market for self-lubricating composite bearings over the next five years as the region registers the utmost presence of composite bearing manufacturers and raw material manufacturers. Asia-Pacific is estimated to witness the fastest growth in the composite bearings market during the forecast period. Increasing investment in infrastructure projects, high focus on agriculture, upcoming commercial and regional aircraft, increasing automobile production, and high investment in high-speed rail projects are driving the Asia-Pacific’s self-lubricating composite bearings market in the Asia-Pacific region. China and India are projected to act as the growth engines of this region.
Key Players:
Key players operating in the global Self-Lubricating Composite Bearings market are-
- Schaeffler Group,
- Saint-Gobain,
- Trelleborg Group,
- Rexnord Corporation,
- Polygon Company,
- HyComp LLC,
- Tiodize Co.,
- TriStar Plastic Corp.,
- Spaulding Composites,
- AST Bearings
Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
The Self Lubricating Composite Bearings analysis report discusses the following heads in great detail:
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- COVID-19 Impact Assessment
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Market trend and forecast analysis
- Market segment trend and forecast
- Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
- Attractive market segments and associated growth opportunities
- Emerging trends
- Strategic growth opportunities for the existing and new players
- Key success factors
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