Market outlook of the global self-lubricating bearings market
Self-lubricating bearings are modern devices, which are created to cater to the growing need for energy efficiency and functionality of various equipment used in manufacturing processes. Tremendous progression in the bearing lubrication technology has led to the growth of self-lubricating plain bearings that are lightweight and incur low maintenance cost, enabling end-users to optimize the productivity of various bearing-based applications competently and cost-effectively.
The global self-lubricating bearings market is expected to grow significantly during the forecast period, posting a CAGR of more than 9%. This growth is attributed to factors such as global economic growth, increased manufacturing and construction activities, rising energy demand, and income levels. Advances in technology coupled with the need for energy-efficient and high-performance bearings in industrial equipment and machinery will further assist in the growth of the self-lubricating bearings market.
Full Report Details at
- http://www.fastmr.com/prod/1073168_global_selflubricating.aspx?afid=301
Segmentation of the self-lubricating bearings market by end-user
Automotive
Heavy industrial machinery
General engineering
Aerospace
The automotive industry holds the largest market share with over 37% and is one of the key end-users of bearings, as all the vehicles require a wide range of application-specific bearings. The main factors contributing to the growth of the automotive industry are favorable government regulations, steady economic growth, and infrastructure development in APAC, Europe, North America, and Latin America.
Geographical segmentation of the self-lubricating bearings market
APAC
EMEA
Americas
APAC leads the self-lubricating bearings market with nearly 50% market share. The high tax imposition on completely built units and completely knocked down units has compelled global manufacturers to shift their manufacturing facilities to developing regions such as APAC, thus stimulating growth in this region. Countries such as China, India, Thailand, and Indonesia lead the market in the APAC region.
Competitive landscape and key vendors
The innovation of smart self-lubricating bearing is a growing trend, which will drive the demand for self-lubricating bearings in the forecast period. Moreover, globalization and lack of product differentiation have also encouraged vendors to transform their products by adding new features and functionalities to enhance product performance and capabilities.
The primary vendors in this market are -
NSK
NTN
Schaeffler
SKF
Timken
Other prominent vendors included in this report are Eickoff, Koyo Bearings, INA Bearing, Nachi-Fujikoshi, JTEKT, and NMB Bearings.
Key questions answered in the report include
What will the market size and the growth rate be in 2019?
About Fast Market Research
Fast Market Research is a leading distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff is always available to help you find the right research to fit your requirements and your budget.
For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156 (1.413.485.7001 Int'l)
You may also be interested in these related reports:
- Global Bearings Market 2015-2019
- Global Anti-friction Bearings Market 2015-2019
- Global Bearing Market to 2019 - Market Size, Development, Top 10 Countries, and Forecasts
- Global Bearing Market to 2019 - Market Size, Development, and Forecasts
- Bearing Markets in the World to 2019 - Market Size, Development, and Forecasts
Now Available: Global Self-lubricating Bearings Market 2015-2019
Company: Fast Market Research, Inc.
Contact Name: Bill Thompson
Contact Email: press@fastmr.com
Contact Phone: 1-413-485-7001
Contact Name: Bill Thompson
Contact Email: press@fastmr.com
Contact Phone: 1-413-485-7001