According to the report by Expert Market Research (EMR), the global sliding bearing market size reached a value of USD 1111.47 million in 2023. Aided by the expansion of rail infrastructure in emerging countries and growing need for cross-country freight transport, the market is projected to further grow at a CAGR of 6.9% between 2024 and 2032 to reach a value of USD 2031.95 million by 2032.
Sliding bearings, also known as plain bearings or friction bearings, are simple machines that bear the load by sliding or rotating along a plane. They come in numerous designs, typically constructed without rolling elements. These bearings find their prominence in applications where linear or rotary movements are required and are pivotal in the automotive, aviation, and heavy machinery sectors due to their efficiency, durability, and ease of maintenance.
Some of the sliding bearing market trends are the rapid industrialisation across emerging economies and the increasing demand for efficient and reliable machinery components. Sliding bearings, given their low maintenance needs and high durability, are becoming the ideal choice for several industrial applications. This is observed in their growing incorporation in turbines, compressors, gearboxes, and other industrial machines.
Get a Free Sample Report with a Table of Contents: https://www.expertmarketresearch.com/reports/sliding-bearing-market/requestsample
Another compelling driver behind the sliding bearing market growth is the burgeoning automotive sector. As manufacturers focus on enhancing fuel efficiency and vehicle performance, the significance of effective vehicle components like sliding bearings increases. Their ability to withstand high temperatures, reduce friction and ensure smoother vehicle operations fuels their escalating demand in the automotive industry.
The aviation industry’s consistent expansion and the ongoing advancements in aerospace machinery are further fuelling the sliding bearing market size. These bearings play a quintessential role in various aerospace components, ensuring the reliability and longevity of aircraft systems. As the frequency of air travel continues to rise and the emphasis on aircraft maintenance and safety becomes an important issue, sliding bearing’s adoption will grow significantly.
Further, the marine industry’s continuous advancements and the increasing demand for robust marine equipment favour the market growth. Their utility in ship systems, underwater equipment, and various marine applications augments the vast potential awaiting in this sector.
The sliding bearing market analysis highlights the importance of renewable energy sectors, especially wind turbines in the market’s expansion. Sliding bearings are instrumental in the efficient functioning of wind turbines, allowing for smoother and more reliable operations. As the world leans towards more sustainable energy solutions and the integration of renewable infrastructure, sliding bearings’ importance in such mechanisms will be on the rise.
Sliding Bearing Market Segmentation
The market can be divided based on application, type, material, railway type, and region.
Market Breakup by Application
- Engine
- Brakes
- Bogie
- Interior
- Exterior
Market Breakup by Type
- Linear
- Thrust
- Radial
- Angular Contact
- Others
Market Breakup by Material
- Metallic
- Non-Metallic
Market Breakup by Railway Type
- Locomotive
- Diesel Multiple Unit (DMU)
- Electric Multiple Unit (EMU)
- Coach
- Wagon
- Light Rail and Metro
- High-Speed Train
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Read Full Report with Table of Contents: https://www.expertmarketresearch.com/reports/sliding-bearing-market
Competitive Landscape of Sliding Bearing Market
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global sliding bearing market. Some of the major players explored in the report by Expert Market Research are as follows:
- SKF
- NTN Corporation
- Saint-Gobain Performance Plastics Pampus GmbH
- The Timken Company
- Schaeffler Technologies AG & Co. KG
- MinebeaMitsumi Inc.
- RBC Bearings Incorporated
- Others
About Us
Acquire unparalleled access to critical industry insights with our comprehensive market research reports, meticulously prepared by a team of seasoned experts. These reports are designed to equip decision-makers with an in-depth understanding of prevailing market trends, competitive landscapes, and growth opportunities.
Our high-quality, data-driven analysis provides the essential framework for organisations seeking to make informed and strategic decisions in an increasingly complex and rapidly evolving business environment. By investing in our market research reports, you can ensure your organisation remains agile, proactive, and poised for success in today’s competitive market.
Don’t miss the opportunity to elevate your business intelligence and strengthen your strategic planning. Secure your organisation’s future success by acquiring one of our Expert Market Research reports today.
Media Contact:
Company Name: Claight Corporation
Contact Person: Anna Poliatova, Corporate Sales Specialist – U.S.A.
Email: sales@expertmarketresearch.com
Toll Free Number: +1-415-325-5166 | +44-702-402-5790
Address: 30 North Gould Street, Sheridan, WY 82801, USA
Website: www.expertmarketresearch.com
