Bearing is a device which imperatives the movement of the pivoting part to one direction. In light of its contact the bearing can be named roller bearing and sliding bearing. In sliding bearing, also known as plain bearing the sliding takes place along the surface of contact between moving element and the fixed one. It implies for conveying the radial load. These kind of bearings are normally found in cross leader of the steam motors.
MARKET SCOPE
The "Global Sliding Bearing Market Analysis to 2028" is a specialized and in-depth study of the sliding bearing industry with a special focus on the global market trend analysis. The report aims to provide an overview of sliding bearing market with detailed market segmentation by type, material, bearing type, application, and geography. The report provides key statistics on the market status of the leading sliding bearing market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- The global sliding bearing market is segmented on the basis of type, material, bearing type, and application.
- Based on type, the market is segmented as radial sliding bearing and axial sliding Bearing.
- Based on material, the sliding bearing market is divided into metallic and non-metallic.
- On basis of bearing type, the market is bifurcated into linear, thrust, radial, angular contact, and others.
- Further, on basis of application, the market is segmented into automotive, electrical, agriculture, mining & construction, railway & aerospace, and others.
MARKET DYNAMICS
Drivers:
- High efficiency, reliability & cost effectiveness.
- Increase in railway infrastructure investments & supply contracts
Restraints:
- High Cost of bearing.
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 market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The Sliding bearing 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 market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. 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 Sliding bearing market in these regions.
IMPACT OF COVID-19 ON SLIDING BEARING MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
MARKET PLAYERS
The report covers key developments in the Sliding bearing market 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 marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from Sliding bearing market market are anticipated to lucrative growth opportunities in the future with the rising demand for Sliding bearing market in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Sliding bearing 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 3 years, the key development in the past five years.
- C&U Group Ltd.
- JTEKT Corporation
- NKE Austria GmbH
- NSK Ltd.
- NTN Corporation
- Schaeffler Technologies AG & Co. KG
- AB SKF
- THK Co., Ltd.
- Timken Company
- Mahle International GmbH
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.