Global Self-Lubricating Bearing Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029
A self-lubricating bearing is a metallic component with high porosity (20-25% in volume), impregnated in a lubricant oil. It is manufactured from a pressed metal powder that forms a porous bearing material and is also called sintered bearing. The oil contained in the porosity provides a constant lubrication between bearing and shaft, so the system does not need any additional external lubricant.
Market Overview:
The latest research study on the global Self-Lubricating Bearing market finds that the global Self-Lubricating Bearing market reached a value of USD 4984.58 million in 2022. It’s expected that the market will achieve USD 8177.34 million by 2028, exhibiting a CAGR of 8.6% during the forecast period.
Raw material price fluctuations
Steel is one of the main raw materials for self-lubricating bearings. With the global spread of COVID-19, major countries in the world have adopted traffic restrictions and blockade measures. Affected by this, most manufacturing industries have been forced to shut down. This directly led to a decline in the demand for steel. In response to the reduced demand caused by the new crown pneumonia epidemic, major steel companies have adopted some measures to temporarily adjust production. However, as the situation of the epidemic gradually improved, many places were reopened, and supply could not keep up with demand, leading to price increases. The prices of other raw materials are more or less affected by the pandemic and fluctuate.
Broad downstream demand
Bearings are parts that carry shafts and are called mechanical joints. They are an indispensable basic component in modern mechanical equipment. Rolling bearings are currently the dominant type in the bearing industry. With the continuous development of self-lubricating technology, self-lubricating bearings have gradually replaced rolling bearings in some areas and slowly entered all mechanical manufacturing fields. Some top manufacturers have begun to use self-lubricating bearings to replace rolling bearings in some subdivisions (such as marine engines, aerospace, etc.). For example, when the temperature exceeds 250°C, the magnetron bearings and engineering high-temperature valve bearings in the aerospace field use self-lubricating bearing. The application industry of self-lubricating bearing itself is wide, and its application field is still expanding. With the development of new application fields, the future market space of self-lubricating bearing industry will be broader. The huge demand market has brought strong growth momentum to the self-lubricating industry.
High new entrants’ barriers
The market concentration of mid-to-high-end products of self-lubricating bearings is relatively high. Some top manufacturers rely on high technology and scale to gain profitability and other competitive advantages, which have established high industry barriers and limited the number of new entrants. The initial investment in the self-lubricating bearing industry is also large, requiring a large amount of capital to purchase equipment and renting workshops, etc., and it is not easy to transform, and has a high industry threshold.
Region Overview:
Asia Pacific is projected to account for a considerable share of the Self-Lubricating Bearing market and is expected to become the largest region by 2027.
Company Overview
Daido Metal is one of the major players operating in the Self-Lubricating Bearing market, holding a share of 16.81% in 2020.
Daido Metal
Daido Metal is a multinational company headquartered in Japan that manufactures and sells various bearings for automobiles, marine engines, construction machinery and general industrial purposes. Its bearing products are the first choice for manufacturers in the automotive, marine and industrial markets.
IGUS
IGUS is a German manufacturer and distributor of plastic plain bearings, spherical bearings, linear guides, cable carriers and continuous-flex cables. IGUS components are used in a vast range of industries, including machine tools, automotive manufacturing, aerospace, food and beverage packaging, laboratory equipment, and offshore equipment.
Segmentation Overview:
As for product types, the Composite Bearing segment held the largest market share in 2021.
Application Overview:
The market's largest segment by application is the segment Transportation, with a market share of 38.47% in 2021.
Key Companies in the global Self-Lubricating Bearing market covered in Chapter 3:
NTN
Zhejiang Changsheng Sliding Bearing Co., Ltd.
Daido Metal
NSK
Saint-Gobain
GGB
COB PRECISION PARTS INC.
Kolbenschmidt PierburgAG
Zhejiang SF Oilless Bearing Co., Ltd.
Oiles
IGUS
In Chapter 4 and Chapter 14.2, on the basis of types, the Self-Lubricating Bearing market from 2018 to 2029 is primarily split into:
JDB Solid Bearing
Composite Bearing
Other
In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Self-Lubricating Bearing market from 2018 to 2029 covers:
Transportation
Aerospace & Defense
Machinery & Equipment
Agriculture
Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:
North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)
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