The global Composite Bearings Market is anticipated to grow at a formidable rate through 2027 owing to rapid technological advancements, increasing usage of bearings in the aerospace application, and growing demand from automotive and agriculture applications in emerging economies.
The Important Elements of the Global Composite Bearings Market
Based on product type, the market has been categorized into Fibre Matrix and Metal Matrix. The metal matrix segment dominated the market in 2021 and is expected to maintain its dominance over the next five years as well owing to its various properties such as moderate cost, high strength, and working stability in harsh environments, due to which it is used in various applications of agriculture, construction & mining and automotive, etc. North America region led the market in 2021 and is expected to be the fastest-growing market for composite bearings during the next five years as well due to increasing demand from the construction & mining and automotive industries.
Some of the leading players in the Global Composite Bearings Market
- Trelleborg Group
- Polygon Company
- Saint-Gobain S.A.
- Schaeffler Group
- Hycomp LLC
- Tiodize Co. Inc.
- Spaulding Composites Inc.
- Tiodize Co. Inc.
- Rexnord Corporation
- RBC Bearings Incorporated, etc.
The objective of the Study:
- To analyze and forecast the market size of the Composite Bearings Market, in terms of value.
- To classify and forecast the Global Composite Bearings Market based on product type, application, and regional distribution.
- To identify drivers and challenges for Global Composite Bearings Market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in Global Composite Bearings Market.
- To conduct the pricing analysis for Composite Bearings Market.
- To identify and analyze the profile of leading players involved in the manufacturing of the Global Composite Bearings Market.
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TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents also enquired about their competitors. Through this technique, TechSci Research could include the suppliers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the service offerings, distribution channels, and presence of all major collaboration manufacturers across the globe.
TechSci Research calculated the market size of the Global Composite Bearings Market using a bottom-up approach, where data for various end-user industries and their application across various product types were recorded and forecasted for the future years. TechSci Research sourced these values from industry experts and company representatives and externally validated them through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also used by TechSci Research.
Key Target Audience:
- Composite Bearings Manufacturers
- Traders, Distributors, and Suppliers
- Raw Material Suppliers
- Industry associations and experts
- Research organizations and consulting companies.
- Research Institutes
- Industry associations
- Market research and consulting firm.
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as collaboration manufacturers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
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| Attribute | Details | |
| Base Year | 2021 | |
| Historical Data | 2017 – 2020 | |
| Estimated Year | 2022 | |
| Forecast Period | 2023 – 2027 | |
| Quantitative Units | Revenue in USD Million and CAGR for 2017-2021 and 2022E-2027F | |
| Report Coverage | Revenue forecast, company share, competitive landscape, growth factors, and trends | |
| Segments Covered | · Product Type· Application | |
| Regional scope | North America; Europe; Asia Pacific; South America; Middle East & Africa | |
| Country scope | United States, Mexico, Canada, China, India, Japan, South Korea, Australia; Singapore, Malaysia, Germany, France, United Kingdom, Spain, Italy, South Africa, UAE, Saudi Arabia, Qatar, Brazil, Argentina, Colombia | |
| Key companies profiled | Trelleborg Group, Polygon Company, Saint-Gobain S.A., Schaeffler Group, Hycomp LLC, Tiodize Co. Inc., Spaulding Composites Inc., Tiodize Co. Inc., Rexnord Corporation, RBC Bearings Incorporated. | |
| Customization scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. | |
| Pricing and purchase options | Avail customized purchase options to meet your exact research needs. Explore purchase options | |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) | |
Report Scope:
In this report, Global Composite Bearings Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
- Composite Bearings Market, By Product Type:
- Fibre Matrix
- Metal Matrix
- Composite Bearings Market, By Application:
- Construction & Mining
- Automotive
- Agriculture
- Marine
- Aerospace
- Others
- Composite Bearings Market, by Region:
- Asia Pacific
- China
- India
- Japan
- South Korea
- Australia
- Singapore
- Malaysia
- Europe & CIS
- France
- Germany
- United Kingdom
- Italy
- Spain
- North America
- United States
- Mexico
- Canada
- South America
- Brazil
- Argentina
- Colombia
- Middle East and Africa
- South Africa
- Saudi Arabia
- UAE
- Qatar
- Asia Pacific
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in Composite Bearings Market.