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Global Plain Bearing Market to reach USD 13.60 billion by 2028

Global Plain Bearing Market Size study, by Type (journal plain bearing, linear plain bearing, thrust plain bearing, angular contact plain bearing, others) by End Use (automotive, industrial, aerospace, energy, construction machinery, agriculture & gardening equipment, oilfield machinery, office products, others) and Regional Forecasts 2022-2028

Product Code: OIRIGS-40061306
Publish Date: 30-04-2022
Page: 200

Global Plain Bearing Market is valued approximately USD 9.54 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 5.2% over the forecast period 2022-2028. Plain bearings are mechanical components that support a load while also allowing for sliding or rotational motion between two machine parts. Their primary function is to avoid wear of the machine’s support points, which would occur if the shafts rolled directly on the framework. It is being used in various industries such as construction, automotive, industrial, and more. Increase in demand for plain bearing in end use industry and effective production of plain bearing in Asia pacific has led the adoption of Plain Bearing across the forecast period. For Instance, according to Statista, in year 2018, the total construction spending across the globe reached at USD 11.5 trillion which increased to USD 12.5 trillion in year 2020 and it is projected to reach at 19.2 trillion by year 2035. As a result, rising construction activities leads to adoption of plain bearing. Also, with the development of smart bearing technology and growth in emerging technology, the adoption & demand for Plain Bearing is likely to increase the market growth during the forecast period. However, fluctuation in raw material prices impedes the growth of the market over the forecast period of 2022-2028.

Asia Pacific, North America, Europe, Latin America and Rest of the World are the key region considered for the regional analysis of global Plain Bearing market. Asia pacific is the leading region across the world in terms of market share owing to the rising demand of plain bearing form various end use industries and rising production of plain bearing in the region. Whereas, North America is projected to have heighted growth over the forecasted period 2022-2028. strategic moves by market players for product innovation would create lucrative growth prospects for the Plain Bearing market across Asia-Pacific region.

Major market player included in this report are:
NTN corporation
SKF group
Schaeffler group
Timken company
THK co., ltd.
NSK ltd.
Minebeamitsumi Inc.
RBC bearings incorporated
SGL carbon
Elringklinger AG

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Type:
Journal plain bearing
Linear plain bearing
Thrust plain bearing
Angular contact plain bearing
Others
By End Use:
Automotive
Industrial
Aerospace
Energy
Construction machinery
Agriculture & gardening equipment
Oilfield machinery
Office products
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019, 2020
Base year – 2021
Forecast period – 2022 to 2028

Target Audience of the Global Plain Bearing Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2028 (USD Billion)
1.2.1. Plain bearing Market, by Region, 2020-2028 (USD Billion)
1.2.2. Plain bearing Market, by Type, 2020-2028 (USD Billion)
1.2.3. Plain bearing Market, by End Use2020-2028 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Plain bearing Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Plain bearing Market Dynamics
3.1. Plain bearing Market Impact Analysis (2020-2028)
3.1.1. Market Drivers
3.1.1.1. Increase in demand for plain bearing in end use industry
3.1.1.2. Effective production of plain bearing in Asia pacific
3.1.2. Market Challenges
3.1.2.1. Fluctuation in raw material prices
3.1.3. Market Opportunities
3.1.3.1. Development of smart bearing technology
Chapter 4. Global Plain bearing Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2018-2027)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
4.5. Top investment opportunity
4.6. Top winning strategies
Chapter 5. Risk Assessment: COVID-19 Impact
5.1.1. Assessment of the overall impact of COVID-19 on the industry
5.1.2. Pre COVID-19 and post COVID-19 market scenario
Chapter 6. Global Plain bearing Market, by Type
6.1. Market Snapshot
6.2. Global Plain bearing Market by Type, Performance – Potential Analysis
6.3. Global Plain bearing Market Estimates & Forecasts by Type 2018-2027 (USD Billion)
6.4. Plain bearing Market, Sub Segment Analysis
6.4.1. Journal plain bearing
6.4.2. Linear plain bearing
6.4.3. Thrust plain bearing
6.4.4. Angular contact plain bearing
6.4.5. Others
Chapter 7. Global Plain bearing Market, by end use
7.1. Market Snapshot
7.2. Global Plain bearing Market by End Use Performance – Potential Analysis
7.3. Global Plain bearing Market Estimates & Forecasts by end use 2018-2027 (USD Billion)
7.4. Plain bearing Market, Sub Segment Analysis
7.4.1. Automotive
7.4.2. Industrial
7.4.3. Aerospace
7.4.4. Energy
7.4.5. Construction machinery
7.4.6. Agriculture & gardening equipment
7.4.7. Oilfield machinery
7.4.8. Office products
7.4.9. others
Chapter 8. Global Plain bearing Market, Regional Analysis
8.1. Plain bearing Market, Regional Market Snapshot
8.2. North America Plain bearing Market
8.2.1. U.S. Plain bearing Market
8.2.1.1. Type breakdown estimates & forecasts, 2018-2027
8.2.1.2. End Use breakdown estimates & forecasts, 2018-2027
8.2.2. Canada Plain bearing Market
8.3. Europe Plain bearing Market Snapshot
8.3.1. U.K. Plain bearing Market
8.3.2. Germany Plain bearing Market
8.3.3. France Plain bearing Market
8.3.4. Spain Plain bearing Market
8.3.5. Italy Plain bearing Market
8.3.6. Rest of Europe Plain bearing Market
8.4. Asia-Pacific Plain bearing Market Snapshot
8.4.1. China Plain bearing Market
8.4.2. India Plain bearing Market
8.4.3. Japan Plain bearing Market
8.4.4. Australia Plain bearing Market
8.4.5. South Korea Plain bearing Market
8.4.6. Rest of Asia Pacific Plain bearing Market
8.5. Latin America Plain bearing Market Snapshot
8.5.1. Brazil Plain bearing Market
8.5.2. Mexico Plain bearing Market
8.6. Rest of The World Plain bearing Market

Chapter 9. Competitive Intelligence
9.1. Top Market Strategies
9.2. Company Profiles
9.2.1. NTN corporation
9.2.1.1. Key Information
9.2.1.2. Overview
9.2.1.3. Financial (Subject to Data Availability)
9.2.1.4. Product Summary
9.2.1.5. Recent Developments
9.2.2. SKF group
9.2.3. Schaeffler group
9.2.4. Timken company
9.2.5. THK co., ltd.
9.2.6. NSK ltd.
9.2.7. Minebeamitsumi Inc.
9.2.8. RBC bearings incorporated
9.2.9. SGL carbon
9.2.10. Elringklinger AG
Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

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Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
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Market Size Estimation:
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To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
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