Composite materials are made from composite materiasl such as plastics and fiber reinforced resins. The use of composite bearings over conventional bearings offers advantages such as high load carrying capability, low breakout friction, low maintenance, and low operational noises.
MARKET DYNAMICS
The versatile applications of composite bearing to reduce friction in a number of machine elements used in industries ranging from aerospace to defense and from automotive to agricultural equipment has led to significant consumptions of composite bearings. The light weight nature of composite bearings has rendered their uses in automobile powertrains, steering yokes, belt tensioners, seat mechanisms, bicycle forks, etc. In the pursuit to reduce vehicle weight and improve fuel effficiency automobile manufacturers heavily rely on light weight composite materials. Owing to their exception load bearing capacities and higher reliability they are increasingly finding applications in drilling rigs, agricultural machineries, lawn mowers, etc. The increased manufacturing output is anticipated to have a positive effect on the global composite bearings market.
MARKET SCOPE
The "Global Composite Bearings Market Analysis to 2028" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the composite bearings market with detailed market segmentation by product type, application, and geography. The global composite bearings market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading composite bearings market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global composite bearings market is segmented on the basis of product type and applications. On the basis of product type, the composite bearings market is segmented into fiber matrix and metal matrix. The composite bearings market on the basis of application is classified into construction & mining, agriculture, automotive, aerospace, marine, and others.REGIONAL FRAMEWORK
The report provides a detailed overview of the industry, including both qualitative and quantitative information. It provides an overview and forecast of the global composite bearings market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America. The composite bearings market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally, along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the composite bearings market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five regions, namely; North America, Europe, APAC, MEA, and South America, after evaluating political, economic, social, and technological factors affecting the composite bearings market in these regions.
MARKET PLAYERS
The reports cover key developments in the composite bearings market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals, and others, such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnerships & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market payers from the composite bearings market are anticipated to lucrative growth opportunities in the future with the rising demand for composite bearings in the global market. Below mentioned is the list of few companies engaged in the composite bearings market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the composite bearings market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last three years, the key development in the past five years.
- Hycomp LLC
- Polygon Company
- RBC Bearings Incorporated
- Rexnord Corporation
- Saint-Gobain S.A.
- Schaeffler Group
- Spaulding Composites, Inc.
- Tiodize Co., Inc.
- Trelleborg Group
- Tristar Plastic Corp.
The Insight Partner's dedicated research and analysis team consists of experienced professionals with advanced statistical expertise and offers various customization options in the existing study.