Global Composite Bearings Market was valued at US$ 3.77 Bn in 2019 and is expected to reach US$ 7.1 Bn by 2026 at a CAGR of 7.29% during a forecast period.
The report includes the analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.
To know about the Research Methodology :- Request Free Sample Report
Based on product type, the metal matrix segment is expected to hold the largest share in the market due to its various features such as moderate cost, high strength, working stability in harsh environments. The usage of metal matrix bearing is rising in various sectors such as construction & mining and automotive. On the basis of application, construction & mining applications are expected to hold the largest share in the market during the forecast period due to the rising usage of the composite in construction & mining activities as it holds various features.
Major driving factors of the market are the rising need for long product life with low maintenance cost and growing usage of composite bearings in demanding applications including construction & mining, automotive, and aerospace across the globe. In addition, rapid technological advancements in the production of composite bearings are also driving factors of the composite bearings market.
In terms of region, North America held the largest share in the market in 2017 and is expected to maintain its dominance over the forecast period owing to growing demand from the construction, mining, and automotive industries. They also have a huge demand for their features such as lightness in weight, dimensional stability, resistance against fatigue, and corrosion. Moreover, technological advancements in the mass production of composite bearings and the growing usage of these bearings in the aerospace sector are also boosting the market growth in the region. Asia Pacific is expected to generate the highest CAGR during the forecast period.
The report includes a detailed study of Porter’s Five Forces model to analyze the different factors affecting the growth of the market. Moreover, the study also covers a market attractiveness analysis, PESTLE analysis, Value Chain Analysis, and SWOT analysis.
The key market players studied, analyzed, profiled, and benchmarked in Composite Bearings Market are Arkema, Mitsubishi Plastics, Inc., Huntsman Corporation, CIP Composites, ACM Composites, AST Bearings LLC, CSB Sliding Bearings Pvt. Ltd., Federal-Mogul Corporation, Franklin Fiber Lamitex, GGB Bearing Technology, H4 Marine Limited, Polygon Company, RBC Bearings Incorporated Hycomp LLC, and Rexnord Corporation.
The Scope of the Report for Composite Bearings Market:Inquire before buying
Global Composite Bearings Market, by Product Type
• Metal Matrix
• Fiber Matrix
Global Composite Bearings Market, by Application
• Construction & Mining
Global Composite Bearings Market, by Region
• North America
• Middle East & Africa
• South America
Key Players Operating in Composite Bearings Market
• Mitsubishi Plastics, Inc.
• Huntsman Corporation
• CIP Composites
• ACM Composites
• AST Bearings LLC
• CSB Sliding BearingsPvt. Ltd.
• Federal-Mogul Corporation
• Franklin FiberLamitex
• GGB Bearing Technology
• H4 Marine Limited
• Polygon Company
• RBC Bearings Incorporated Hycomp LLC
• Rexnord Corporation
For More Information Visit @: https://www.maximizemarketresearch.com/market-report/global-composite-bearings-market/22805/
This Report Is Submitted By :Maximize Market Research Company
Customization of the report:
Maximize Market Research provides free personalized of reports as per your demand. This report can be personalized to meet your requirements. Get in touch with us and our sales team will guarantee provide you to get a report that suits your necessities.
About Maximize Market Research:
Maximize Market Research provides B2B and B2C research on 20,000 high growth emerging opportunities & technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defense and other manufacturing sectors.