This market research report provides a comprehensive breakdown and segmentation of the global self-lubricating bearings market by end-user (automotive, heavy industrial machinery, general engineering, and aerospace) and geography (the APAC, EMEA, and the Americas). The report presents the vendor landscape and a corresponding detailed analysis of the major vendors operating in the market, which include NSK, NTN, Schaeffler, SKF, and Timken.
Technavio has released its new market research report, global self-lubricating bearings market, which is expected to grow at a CAGR of around 9% between 2015 and 2019. Rise in the core manufacturing processes of the industrial machinery and automotive industries is boosting the global bearings market. End-users prefer application-specific self-lubricating bearings as these enhance the efficiency of the equipment.
“The APAC dominates the self-lubricating bearings market, where China, India, Thailand, and Indonesia are the leading markets. Owing to high tax imposition on completely built units and completely knocked down units, the global manufacturers are shifting their manufacturing facilities to developing regions such as APAC. Self-lubricating bearings are crucial elements in automobiles, and as APAC leads the global automobile market, the growth of global self-lubricating bearings market will experience a boost during the forecast period, says Navin Rajendra, Lead Analyst, Heavy Industry, Technavio Research.
Automotive self-lubricating bearings are gaining popularity as they confer low friction, high wear resistance, and reliability for applications such as wipers, convertible tops, interiors, struts, levers, pedals, and steering systems. The use of lightweight and corrosion-resistant bearings, such as self-lubricating ball bearings and roller bearings in vehicles, contributes significant revenues to the market. These bearings are used in electrical and mechanical equipment such as starters, brakes, steering, cooling systems, exhaust gas recirculation systems, fuel pumps, and sunroofs.
The leading vendors in the global self-lubricating bearings market include NSK, NTN, Schaeffler Technologies, SKF and Timken. 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.
A more detailed analysis is available in the Technavio report, Global Self-lubricating Bearings Market 2015-2019.
We can customize this reports by other regions and specific segments upon request.
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