Global Plain Bearings Market to Reach $17.3 Billion by 2030
The global market for Plain Bearings estimated at US$9.5 Billion in the year 2022, is projected to reach a revised size of US$17.3 Billion by 2030, growing at a CAGR of 7.8% over the analysis period 2022-2030. Journal, one of the segments analyzed in the report, is projected to record 9% CAGR and reach US$7.5 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Linear segment is readjusted to a revised 6.8% CAGR for the next 8-year period.The U.S. Market is Estimated at $2.6 Billion, While China is Forecast to Grow at 12.2% CAGR
The Plain Bearings market in the U.S. is estimated at US$2.6 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$4 Billion by the year 2030 trailing a CAGR of 12.2% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.7% and 6.5% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 5.8% CAGR.Select Competitors (Total 38 Featured) -
- GGB Bearing Technology
- Minebea Mitsumi Inc.
- NSK Ltd.
- NTN Corporation
- RBC Bearings Incorporated
- Schaeffler Technologies AG & Co. KG
- SGL Group
- SKF Group
- THK Co. Ltd.
- Timken Company
What's New?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its 'bumpy' reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
Table of Contents
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- GGB Bearing Technology
- Minebea Mitsumi Inc.
- NSK Ltd.
- NTN Corporation
- RBC Bearings Incorporated
- Schaeffler Technologies AG & Co. KG
- SGL Group
- SKF Group
- THK Co. Ltd.
- Timken Company
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 91 |
Published | April 2024 |
Forecast Period | 2022 - 2030 |
Estimated Market Value ( USD | $ 9.5 Billion |
Forecasted Market Value ( USD | $ 17.3 Billion |
Compound Annual Growth Rate | 7.8% |
Regions Covered | Global |