Study #: 4187 | Published: 05/2021 | Pages: 116 | Individual User License: US$ 3,900

Global plain bearing demand is projected to climb 5.4% annually to $13.8 billion in 2025, a considerable improvement from the market weakness that characterized the 2015-2020 period as a whole. During the post-pandemic period, sales gains will be fueled by a rebound in durable goods manufacturing output. The motor vehicles and machinery markets for bearings – by far the largest – are expected to account for much of the worldwide gains through 2025, with the motor vehicles segment registering particularly rapid growth. However, a semiconductor chip shortage will dampen the motor vehicle markets growth prospects in the near term.

Although plain bearings will remain a relatively niche product compared to other types, they are expected to gain share from bearings with rolling elements in the manufacture of such equipment as aerospace and wind turbines because of their performance advantages, which are continuing to improve also with product design innovation.

Asia/Pacific Region – Led by China – to Account for Nearly 60% of All New Bearing Demand

The Asia/Pacific region is expected to account for 59% of new global bearing demand through 2025, with China alone being responsible for 41% of all market gains. The Asia/Pacific region’s durable goods industries generally experienced less severe turmoil and are expected to see quicker recoveries than their counterparts in other parts of the world, boosting associated plain bearing demand. However, much smaller developing markets – the Africa/Mideast region, Central and South America, and Eastern Europe – will register faster gains in percentage terms, bolstered by a rebound in durable goods manufacturing after experiencing declines in 2020 related to the pandemic.

Journal & Spherical Bearings Will Offer the Best Opportunities

Journal bearings will record the largest market advances through 2025, fueled by improved motor vehicle and aerospace equipment market conditions, as well as by the replacement of rolling element bearings in certain applications because of design enhancements and cost considerations. The increased use of journal bearings in new applications will result in greater replacement needs for this product type beyond 2025.

Spherical plain bearings will register the next largest sales gains, spurred by increased output of farm, construction, oilfield, and mining machinery, where these products are most commonly used. Design changes in some durable goods – motivated by a desire to improve performance and control costs – will also spur the use of spherical plain bearings around the world.


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Table of Contents

1. Executive Summary

2. Impact of COVID-19 Pandemic

Overview

COVID-19 & Global Economic Growth

Impact on the Plain Bearings Industry

3. About This Report

Report Details

Study Scope & Product Description

4. Overview

Historical Market Trends

Regional Overview

Demand by Region

Largest Country Markets

Fastest Growing Country Markets

Production by Region

International Trade

Demand by Type

Demand by Market

Pricing Trends

Market Share & Leading Producers

5. Regional Trends

North America

North America: Plain Bearing Market Size

North America: Supply & Demand by Country

North America: Demand by Market

North America: Leading Suppliers

United States

Mexico

Canada

Central & South America

Central & South America: Plain Bearing Market Size

Central & South America: Supply & Demand by Country

Central & South America: Demand by Market

Central & South America: Leading Suppliers

Western Europe

Western Europe: Plain Bearing Market Size

Western Europe: Supply & Demand by Country

Western Europe: Demand by Market

Western Europe: Leading Suppliers

Eastern Europe

Eastern Europe: Plain Bearing Market Size

Eastern Europe: Supply & Demand by Country

Eastern Europe America: Demand by Market

Eastern Europe: Leading Suppliers

Asia/Pacific

Asia/Pacific: Plain Bearing Market Size

Asia/Pacific: Supply & Demand by Country

Asia/Pacific: Demand by Market

Asia/Pacific: Leading Suppliers

China

Japan

India

Southeast Asia

Other Asia/Pacific

Africa/Mideast

Africa/Mideast: Plain Bearing Market Size

Africa/Mideast: Supply & Demand by Country

Africa/Mideast: Demand by Market

Africa/Mideast: Leading Suppliers

6. Appendix

Scope

Definitions

Freedonia Methodology

Study-Specific Methodology

Sources

Associations & Agencies

Related Studies & Reports

Country Lists by Region

Macroeconomic Assumptions

Global Economic Outlook

Global Population

Global Manufacturing Outlook

Global Motor Vehicle Production

Global Motor Vehicles in Use


List of Tables

2. Impact of COVID-19 Pandemic

Table 2-1 | Global Gross Domestic Product, 2019 - 2022 (billion 2019 dollars)

Table 2-2 | Annual Global Plain Bearing Demand by Region, 2019 - 2021 (million dollars)

4. Overview

Table 4-1 | Global Plain Bearing Demand, 2010 - 2020 (million dollars)

Table 4-2 | Global Plain Bearing Demand by Region, 2010 - 2030 (million dollars)

Table 4-3 | Global Plain Bearing Production by Region, 2010 - 2030 (million dollars)

Table 4-4 | Global Plain Bearing Net Exports by Region, 2010 - 2030 (million dollars)

Table 4-5 | Global Plain Bearing Demand by Type, 2010 - 2030 (million dollars)

Table 4-6 | Global Plain Bearing Demand by Market, 2010 - 2030 (million dollars)

5. Regional Trends

Table 5-1 | North America: Plain Bearing Supply & Demand by Country, 2010 - 2030 (million dollars)

Table 5-2 | North America: Plain Bearing Demand by Market, 2010 - 2030 (million dollars)

Table 5-3 | United States: Plain Bearing Supply & Demand by Market, 2010 - 2030 (million dollars)

Table 5-4 | Mexico: Plain Bearing Supply & Demand by Market, 2010 - 2030 (million dollars)

Table 5-5 | Canada: Plain Bearing Supply & Demand by Market, 2010 - 2030 (million US dollars)

Table 5-6 | Central & South America: Plain Bearing Supply & Demand by Country, 2010 - 2030 (million dollars)

Table 5-7 | Central & South America: Plain Bearing Demand by Market, 2010 - 2030 (million dollars)

Table 5-8 | Western Europe: Plain Bearing Supply & Demand by Country, 2010 - 2030 (million dollars)

Table 5-9 | Western Europe: Plain Bearing Demand by Market, 2010 - 2030 (million dollars)

Table 5-10 | Eastern Europe: Plain Bearing Supply & Demand by Country, 2010 - 2030 (million dollars)

Table 5-11 | Eastern Europe: Plain Bearing Demand by Market, 2010 - 2030 (million dollars)

Table 5-12 | Asia/Pacific: Plain Bearing Supply & Demand by Country, 2010 - 2030 (million dollars)

Table 5-13 | Asia/Pacific: Plain Bearing Demand by Market, 2010 - 2030 (million dollars)

Table 5-14 | China: Plain Bearing Supply & Demand by Market, 2010 - 2030 (million dollars)

Table 5-15 | Japan: Plain Bearing Supply & Demand by Market, 2010 - 2030 (million dollars)

Table 5-16 | India: Plain Bearing Supply & Demand by Market, 2010 - 2030 (million dollars)

Table 5-17 | Southeast Asia: Plain Bearing Supply & Demand by Country & Market, 2010 - 2030 (million dollars)

Table 5-18 | Other Asia/Pacific: Plain Bearing Supply & Demand by Country & Market, 2010 - 2030 (million dollars)

Table 5-19 | Africa/Mideast: Plain Bearing Supply & Demand by Country, 2010 - 2030 (million dollars)

Table 5-20 | Africa/Mideast: Plain Bearing Demand by Market, 2010 - 2030 (million dollars)

6. Appendix

Table 6-1 | Relevant HS Code

Table 6-2 | Relevant NACE Code

Table 6-3 | Relevant NAICS & SIC Codes

Table 6-4 | Countries in North America

Table 6-5 | Countries in Central & South America

Table 6-6 | Countries in Western Europe

Table 6-7 | Countries in Eastern Europe

Table 6-8 | Countries in the Asia/Pacific Region

Table 6-9 | Countries in the Africa/Mideast Region

Table 6-10 | Global Gross Domestic Product by Region & Country, 2010 - 2030 (billion 2019 dollars)

Table 6-11 | Global Population by Region & Country, 2010 - 2030 (million persons)

Table 6-12 | Global Manufacturing Value Added by Region & Country, 2010 - 2030 (billion 2019 dollars)

Table 6-13 | Global Motor Vehicle Production by Region, 2010 - 2030 (thousand units)

Table 6-14 | Global Motor Vehicles in Use by Region, 2010 - 2030 (million units)


List of Figures

1. Executive Summary

Figure 1-1 | Global Plain Bearings Market

2. Impact of COVID-19 Pandemic

Figure 2-1 | Global Plain Bearing Demand, 2015 - 2025 (million dollars)

4. Overview

Figure 4-1 | Global Plain Bearing Demand, 2003 - 2025 (million dollars)

Figure 4-2 | Global Plain Bearing Demand by Region, 2010 - 2030 (billion dollars)

Figure 4-3 | Plain Bearings: Leading Country Markets, 2020 (million dollars)

Figure 4-4 | Plain Bearings: Fastest Growing Country Markets, 2020 - 2025 (% CAGR)

Figure 4-5 | Global Plain Bearing Production by Region, 2010 - 2030 (billion dollars)

Figure 4-6 | Global Plain Bearing Demand by Type, 2010 - 2030 (billion dollars)

Figure 4-7 | Global Plain Bearing Demand by Market, 2010 - 2030 (billion dollars)

Figure 4-8 | Global Plain Bearing Price Deflator, 2010 - 2030 (2019=100)

Figure 4-9 | Global Plain Bearings Market Share by Company, 2020 (billion dollars)

5. Regional Trends

Figure 5-1 | North America: Plain Bearing Market Key Indicators, 2020

Figure 5-2 | North America: Plain Bearing Demand, 2003 - 2020 (million dollars)

Figure 5-3 | North America: Plain Bearing Demand by Country, 2010 - 2030 (million dollars)

Figure 5-4 | United States: Plain Bearing Market Key Indicators, 2020

Figure 5-5 | United States: Plain Bearing Demand, 2003 - 2020 (million dollars)

Figure 5-6 | Mexico: Plain Bearing Market Key Indicators, 2020

Figure 5-7 | Mexico: Plain Bearing Demand, 2000 - 2020 (million dollars & million pesos)

Figure 5-8 | Canada: Plain Bearing Market Key Indicators, 2020

Figure 5-9 | Canada: Plain Bearing Demand, 2003 - 2020 (million US dollars & million Canadian dollars)

Figure 5-10 | Central & South America: Plain Bearing Market Key Indicators, 2020

Figure 5-11 | Central & South America: Plain Bearing Demand, 2003 - 2020 (million dollars)

Figure 5-12 | Central & South America: Plain Bearing Demand by Country, 2010 - 2030 (million dollars)

Figure 5-13 | Western Europe: Plain Bearing Market Key Indicators, 2020

Figure 5-14 | Western Europe: Plain Bearing Demand, 2003 - 2020 (million dollars)

Figure 5-15 | Western Europe: Plain Bearing Demand by Country, 2010 - 2030 (million dollars)

Figure 5-16 | Eastern Europe: Plain Bearing Market Key Indicators, 2020

Figure 5-17 | Eastern Europe: Plain Bearing Demand, 2003 - 2020 (million dollars)

Figure 5-18 | Eastern Europe: Plain Bearing Demand by Country, 2010 - 2030 (million dollars)

Figure 5-19 | Asia/Pacific: Plain Bearing Market Key Indicators, 2020

Figure 5-20 | Asia/Pacific: Plain Bearing Demand, 2003 - 2020 (million dollars)

Figure 5-21 | Asia/Pacific: Plain Bearing Demand by Country, 2010 - 2030 (million dollars)

Figure 5-22 | China: Plain Bearing Market Key Indicators, 2020

Figure 5-23 | China: Plain Bearing Demand, 2003 - 2020 (million dollars & billion yuan)

Figure 5-24 | Japan: Plain Bearing Market Key Indicators, 2020

Figure 5-25 | Japan: Plain Bearing Demand, 2003 - 2020 (million dollars & billion yen)

Figure 5-26 | India: Plain Bearing Market Key Indicators, 2020

Figure 5-27 | India: Plain Bearing Demand, 2003 - 2020 (million dollars & billion rupee)

Figure 5-28 | Southeast Asia: Plain Bearing Market Key Indicators, 2020

Figure 5-29 | Southeast Asia: Plain Bearing Demand, 2003 - 2020 (million dollars)

Figure 5-30 | Other Asia/Pacific: Plain Bearing Market Key Indicators, 2020

Figure 5-31 | Other Asia/Pacific: Plain Bearing Demand, 2003 - 2020 (million dollars)

Figure 5-32 | Africa/Mideast: Plain Bearing Market Key Indicators, 2020

Figure 5-33 | Africa/Mideast: Plain Bearing Demand, 2003 - 2020 (million dollars)

Figure 5-34 | Africa/Mideast: Plain Bearing Demand by Country, 2010 - 2030 (million dollars)

6. Appendix


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