Sliding Bearing

Sliding Bearing

Global Sliding Bearing Market to Reach US$1.9 Billion by 2030

The global market for Sliding Bearing estimated at US$1.2 Billion in the year 2023, is expected to reach US$1.9 Billion by 2030, growing at a CAGR of 6.9% over the analysis period 2023-2030. Metallic Sliding Bearing, one of the segments analyzed in the report, is expected to record a 7.4% CAGR and reach US$1.2 Billion by the end of the analysis period. Growth in the Non-Metallic Sliding Bearing segment is estimated at 6.0% CAGR over the analysis period.

The U.S. Market is Estimated at US$303.4 Million While China is Forecast to Grow at 10.5% CAGR

The Sliding Bearing market in the U.S. is estimated at US$303.4 Million in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$449.1 Million by the year 2030 trailing a CAGR of 10.5% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 4.1% and 5.7% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4.9% CAGR.

Global Sliding Bearing Market - Key Trends and Drivers Summarized

How Are Sliding Bearings Enhancing Mechanical Performance?

Sliding bearings, also known as plain bearings or slide bearings, are mechanical components designed to facilitate smooth and efficient movement between two surfaces with minimal friction. They are widely used in machinery, automotive, aerospace, and heavy equipment to support shafts, axles, and other rotating components. Unlike rolling bearings, sliding bearings provide a larger contact area, distributing loads more evenly and allowing for quieter operation. Due to their versatility and ability to function effectively under high loads and speeds, sliding bearings have become essential in applications where durability, load-bearing capacity, and smooth movement are priorities.

What Are the Key Segments in the Sliding Bearing Market?

Major types include journal bearings, thrust bearings, and linear bearings, with journal bearings holding the largest share due to their widespread use in rotating shafts and axles. Materials range from metal-based, composite, and polymer bearings, with metal-based bearings leading the market as they offer high strength and durability in heavy-duty applications. End-user industries encompass automotive, aerospace, industrial machinery, and energy, with the automotive sector representing a significant segment due to the extensive use of sliding bearings in engines, transmissions, and suspension systems.

How Are Sliding Bearings Used Across Various Industries?

In the automotive sector, sliding bearings are used in engines, connecting rods, and suspension systems, providing smooth rotation and load distribution for improved vehicle performance and fuel efficiency. The aerospace industry utilizes sliding bearings in landing gear, control surfaces, and hydraulic systems, benefiting from their ability to withstand high loads and harsh conditions. In industrial machinery, sliding bearings are found in pumps, compressors, and conveyor systems, where they ensure consistent performance under heavy loads and high speeds. The energy sector employs sliding bearings in turbines, generators, and gearboxes, where reliability and load-bearing capacity are critical for continuous operation. Additionally, sliding bearings are used in marine, construction, and rail industries, supporting a wide range of heavy-duty applications.

What Factors Are Driving the Growth in the Sliding Bearing Market?

The growth in the Sliding Bearing market is driven by several factors, including increasing demand for durable and high-performance bearings across industries like automotive, aerospace, and industrial machinery. The rise of heavy machinery and equipment in construction and energy sectors has further accelerated the adoption of sliding bearings, which offer high load capacity and resistance to wear. Advancements in bearing materials, such as composite and polymer-based bearings, have improved performance, reduced maintenance, and broadened the application range. The growing focus on energy efficiency and reduced downtime in industrial operations has fueled demand for reliable sliding bearings. Additionally, the expansion of the electric vehicle (EV) market and renewable energy projects has contributed to market growth, as these sectors require efficient and durable bearing solutions for motors, gearboxes, and turbines.

Select Competitors (Total 33 Featured) -

• AST Bearings LLC
• Brammer Plc
• Canam Group, Inc.
• Cosmec, Inc.
• Ekspan Ltd.
• Epic Polymer Systems Corp.
• Freyssinet Ltd.
• GGB Bearing Technology
• Granor Rubber & Engineering Pty. Ltd.
• Gumba GmbH & Co., KG
• JTEKT
• Kantaflex (India) Private Ltd.
• Megeba SA
• Metal Engineering & Treatment Co., Pvt., Ltd.
• NSK
• NTN Corporation
• RBC Bearings
• RJ Watson, Inc.
• Schaeffler
• SKF Group
• Structural Rubber Products
• Timken
• Trelleborg AB
• Voss Engineering, Inc.
• Zaoqiang Dacheng Rubber Co., Ltd.

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