Composite Bearings Market Size & Share Analysis - Growth Trends & Forecasts (2023 - 2028)

The market is segmented by Type (Fiber Matrix and Metal Matrix), Application (Automotive, Construction, Aerospace, Rail and Mass Transit, Agriculture, and Others), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa)

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Composite Bearings Market Size

Composite Bearings Market Size
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Study Period 2018 - 2028
Base Year For Estimation 2022
CAGR > 6.00 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific
Market Concentration High

Major Players

Composite Bearings Market Key Players

*Disclaimer: Major Players sorted in no particular order
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Composite Bearings Market Analysis

The composite bearings market is expected to grow at a CAGR of over 6% during the forecast period. Major factor driving the market studied is growing demand of composite bearings from automotive industry. On the flip side, high raw material cost for manufacturing of composite bearings and unfavorable conditions arising due to the COVID-19 outbreak are hindering the growth of the market.

  • Increasing use of self-lubricating composite bearing is forecasted to offer various opportunities for the growth of the market over the forecast period.
  • Composite bearings from automotive sector is expected to dominate the market studied over the forecast period.
  • Asia-Pacific region represents the largest market and is also expected to be the fastest-growing market over the forecast period owing to the increasing consumption from countries such as China, India, and Japan.

Composite Bearings Industry Segmentation

The composite bearings market report includes:

Type
Fiber Matrix
Metal Matrix
Application
Automotive
Construction
Aerospace
Rail and Mass Transit
Agriculture
Others
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa

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Composite Bearings Market Trends

This section covers the major market trends shaping the Composite Bearings Market according to our research experts:

Growing Demand of Composite Bearings from Automotive Industry

  • A composite bearing is a bearing made from a composite material, such as fibre reinforced resin, or plastic which will often contain friction reducing ingredients such as PTFE.
  • Composite bearings have its use in upcoming energy technology such as in solar power tower to rotate the mirrors. They can withstand the loads in CSP applications, are weather and corrosion resistant and also offer low and constant friction
  • Composite bearings can be customized to meet the individual requirements of many applications, such as wear- or high-temperature resistance.
  • Composite bearings are useful components in automotive design and are used in a range of applications throughout the car, from the powertrain to the car interior.
  • Hence, owing to the above-mentioned factors, the application of composite bearings from automotive sector is likely to dominate during the forecast period.
Composite Bearings Market Share

Asia-Pacific Region to Dominate the Market

  • Asia-Pacific region is expected to dominate the market for composite bearings during the forecast period. The rising demand of composite bearings from automotive and growing application in construction sector in countries like China, Japan and India is expected to drive the demand for composite bearings in this region.
  • The largest producers of composite bearings are located in Asia-Pacific region. Some of the leading companies engaged in the production of composite bearings are GGB, Inc, SGL Carbon Gmbh, AST Bearings, CSB Sliding Bearings (India) Pvt. Ltd., and RBC Bearings Incorporated among others.
  • India’s Ruling Govt. Initiatives such as Housing for all the government’s flagship scheme PMAY launched in June 2015 aims to build 20 million urban homes and 30 million rural houses by 2022. This is expected to fuel the growth of the Urban Infrastructure and construction development.
  • While the more developed economies in the Asia-Pacific region have taken steps towards lightweight vehicles so as to achieve fuel efficiency standards to reduce the vehicular carbon footprint is likely to boost the demand for lightweight composite bearings.
  • Owing to the above-mentioned factors, the market for composite bearings in the Asia-Pacific region is projected to grow significantly during the study period.
Composite Bearings Market Analysis

Composite Bearings Industry Overview

The global composite bearings market is partially fragmented in nature with only few major players dominating the market. Some of the major companies are GGB, SGL Carbon Gmbh, AST Bearings, CSB Sliding Bearings (India) Pvt. Ltd., and RBC Bearings Incorporated among others.

Composite Bearings Market Leaders

  1. RBC Bearings Incorporated

  2. SGL Carbon Gmbh

  3. AST Bearings

  4. CSB Sliding Bearings (India) Pvt. Ltd.

  5. GGB

*Disclaimer: Major Players sorted in no particular order

GGB, SGL Carbon Gmbh, AST Bearings, CSB Sliding Bearings (India) Pvt. Ltd., and RBC Bearings

Composite Bearings Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Growing Demand of Composite Bearings from Automotive Industry

      2. 4.1.2 Others

    2. 4.2 Restraints

      1. 4.2.1 High Raw Material Cost

      2. 4.2.2 Others

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Degree of Competition

  5. 5. MARKET SEGMENTATION

    1. 5.1 Type

      1. 5.1.1 Fiber Matrix

      2. 5.1.2 Metal Matrix

    2. 5.2 Application

      1. 5.2.1 Automotive

      2. 5.2.2 Construction

      3. 5.2.3 Aerospace

      4. 5.2.4 Rail and Mass Transit

      5. 5.2.5 Agriculture

      6. 5.2.6 Others

    3. 5.3 Geography

      1. 5.3.1 Asia-Pacific

        1. 5.3.1.1 China

        2. 5.3.1.2 India

        3. 5.3.1.3 Japan

        4. 5.3.1.4 South Korea

        5. 5.3.1.5 Rest of Asia-Pacific

      2. 5.3.2 North America

        1. 5.3.2.1 United States

        2. 5.3.2.2 Canada

        3. 5.3.2.3 Mexico

      3. 5.3.3 Europe

        1. 5.3.3.1 Germany

        2. 5.3.3.2 United Kingdom

        3. 5.3.3.3 France

        4. 5.3.3.4 Italy

        5. 5.3.3.5 Rest of Europe

      4. 5.3.4 South America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Argentina

        3. 5.3.4.3 Rest of South America

      5. 5.3.5 Middle-East and Africa

        1. 5.3.5.1 Saudi Arabia

        2. 5.3.5.2 South Africa

        3. 5.3.5.3 Rest of Middle-East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share/Ranking Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 AST Bearings

      2. 6.4.2 CIP Composites

      3. 6.4.3 CSB Sliding Bearings (India) Pvt. Ltd.

      4. 6.4.4 Franklin Fibre Lamitex Corporation

      5. 6.4.5 GGB

      6. 6.4.6 H4 Marine Limited

      7. 6.4.7 Hycomp LLC

      8. 6.4.8 RBC Bearings Incorporated

      9. 6.4.9 Rexnord Corporation

      10. 6.4.10 Saint-Gobain S.A

      11. 6.4.11 SGL Carbon Gmbh

      12. 6.4.12 Tenneco Inc

      13. 6.4.13 Trelleborg AB

    5. *List Not Exhaustive

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

    1. 7.1 Increase in Use of Self-Lubricating Composite Bearing

    2. 7.2 Other Opportunities

**Subject to Availability
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Composite Bearings Market Research FAQs

The Composite Bearings Market is projected to register a CAGR of greater than 6% during the forecast period (2023-2028).

RBC Bearings Incorporated, SGL Carbon Gmbh, AST Bearings, CSB Sliding Bearings (India) Pvt. Ltd. and GGB are the major companies operating in the Composite Bearings Market.

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2023-2028).

In 2023, the Asia Pacific accounts for the largest market share in the Composite Bearings Market.

Composite Bearings Industry Report

Statistics for the 2023 Composite Bearings market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Composite Bearings analysis includes a market forecast outlook to 2028 and historical overview. Get a sample of this industry analysis as a free report PDF download.

Composite Bearings Report Snapshots

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