Composite Bearings Market - Global Industry Trend Analysis 2012 to 2017 and Forecast 2017 - 2025


#11096

Persistence Market Research

$ 4900

Composite Bearings Market: Introduction

Increase in the demand for lightweight material and to minimize the friction between the components have driven the demand for composite bearing. Composite bearings used to control friction and maintain separation among two moving parts. Composite bearing have a property of low friction, low heat build-up and no cold flow conditions. By replacing the conventional greased bronze bushings with composite bearings in industrial applications, the weight could be reduced and provides better efficiency. Composite bearing are used in various industry such as automotive, marine, construction & mining, agriculture, and aerospace among others.

Composite bearings are light in design – it can be one tenth the weight of the traditional rolling element bearings. No heavy metals are used in the manufacturing of composite bearing. Composite bearings are suitable components in automotive engineering and are used in various applications from powertrain to car interiors. Moreover, composite bearing could be customized to meet the individual requirement of many applications.

Composite Bearings Market: Dynamics

The increase in the demand from end use industries such as automotive, marine, agriculture, and aerospace among others are driving the demand for composite bearing market. One of the factor for the increase in the demand for composite bearing is the demand for lightweight components is rising from across the industries. Other macro-economic factors which are enhancing the composite bearings market are increasing vehicle production, growth in aircraft manufacturing, rising infrastructural activities increasing the demand for construction & mining industry. Along with this, the mechanical properties of composite bearings are better than its competitor which provide long & durable life cycle with minimum maintenance costs. However, stiff competition from single metal bearings is hampering the growth of composite bearing market.

Composite Bearings Market: Outlook/Trend

Many different types of bearings are used in aircrafts. In recent years, due to various stringent fuel efficiency norms put in place by governments to achieve fuel economy, manufacturers are making effort to reduce the weight of bearings. Manufacturers are trying to acquire new technologies to overcome such problems. In off highway construction equipment, composite bearing are used from loaders to hydraulic transmission system. Owing to factors such as increase in global warming, rise in sea levels and eruption of extreme weather conditions, regulatory bodies such as EPA (Environment Protection Agency) and ICAO (International Civil Aviation Organization) are developing regulations which will cut carbon emissions from end use industries.

Composite Bearings Market: Segmentation

On the basis of industry, the composite bearings market can be segmented into:

  • Aerospace
  • Construction & Mining
  • Agriculture
  • Automotive
  • Others (Marine, etc.)

On the basis of product type, the composite bearings market can be segmented into:

  • Fiber Matrix
  • Metal Matrix

On the basis of material, the composite bearings market can be segmented into:

  • PTFE (poly tetra fluoro ethylene) composite
  • POM (poly oxy methylene) composite

Composite Bearings Market: Regional Outlook

North America region is expected to be the prominent market for composite bearings due to its rising demand from the end user industries such as aerospace. This growth is due to the advanced properties of composite bearings such as lightweight, fatigue & corrosion resistance, and stability among others which has enhanced the composite bearings market. Western Europe and Asia Pacific (excluding Japan) region have significant share in the global composite bearing market. This is due to the strong presence of number of automotive, aerospace, construction, agriculture companies in Western Europe and Asia Pacific (excluding Japan).

Composite Bearings Market: Market Participants

Examples of some of the market participants identified in the composite bearings market across the globe are:

  • AB SKF
  • Schaeffler Group
  • CIP Composites
  • Trelleborg AB
  • TriStar Plastic Corp.
  • Rexnord Corporation
  • Saint-Gobain S.A.
  • Federal-Mogul Corporation
  • RBC Bearings Incorporated.
  • Tufcot Engineering Ltd.
  • Franklin Fibre Lamitex Corp.
  • HyComp LLC
  • Soucy Composites Inc.
  • Tiodize Technologies
  • AST Bearings LLC
  • VNC Bearing, Inc.

MRR.BIZ has been compiled in-depth market research data in the report after exhaustive primary and secondary research. Our team of able, experienced in-house analysts has collated the information through personal interviews and study of industry databases, journals, and reputable paid sources.

The report provides the following information:

  • Tailwinds and headwinds molding the market’s trajectory
  • Market segments based on products, technology, and applications
  • Prospects of each segment
  • Overall current and possible future size of the market
  • Growth pace of the market
  • Competitive landscape and key players’ strategies

The main aim of the report is to:

  • Enable key stakeholder’s in the market bet right on it
  • Understand the opportunities and pitfalls awaiting them
  • Assess the overall growth scope in the near term
  • Strategize effectively with respect to production and distribution

MRR.BIZ is a leading provider of strategic market research. Our vast repository consists research reports, data books, company profiles, and regional market data sheets. We regularly update the data and analysis of a wide-ranging products and services around the world. As readers, you will have access to the latest information on almost 300 industries and their sub-segments. Both large Fortune 500 companies and SMEs have found those useful. This is because we customize our offerings keeping in mind the specific requirements of our clients.