Plain Bearing Market 2022 - By End User, Type & Region - Increasing Demand for Plain Bearings in the Asia-Pacific Region - Research and Markets

DUBLIN, Apr 3, 2017 /PRNewswire/ --

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. This growth is mainly attributed to the increasing demand for plain bearings in the Asia-Pacific region. Increasing applicability of plain bearings in automobile, aerospace, energy, construction, office products, and agriculture industries further propels the growth of the global plain bearing market. Plain bearings offer several advantages over other common rolling element bearing materials. They require less maintenance and create less noise.

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, owing to the increasing demand for journal plain bearings from various end-use industries, such as automobile, aerospace, energy, and construction. Journal plain bearings also exhibit properties, such as excellent strength, shock resistance, and high load carrying capacity.

Among all end users, the automobile segment accounted for the largest share of the global plain bearing market in 2016. The automobile end user segment is also projected to grow at the highest CAGR from 2017 to 2022. Plain bearings are widely used in automobile industry, owing to their properties such as lightweight, low maintenance, high wear & fatigue resistance, and high load carrying capacity.

The Asia-Pacific region accounted for the largest share of the global plain bearing market in 2016. The Asia-Pacific plain bearing market is projected to grow at the highest CAGR during the forecast period owing to the rise in the demand for plain bearings from various end-use industries, such as automobile, aerospace, industrial, energy, construction, agricultural & gardening equipment, oilfield machinery, and office products in this region. China, India, and Japan are the leading countries in terms of production and consumption of plain bearings in the Asia-Pacific region. Moreover, easy availability of raw materials and labor is further anticipated to drive the growth of the plain bearing market in the Asia-Pacific region.

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/pht83x/plain_bearing

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SOURCE Research and Markets