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Report Overview

2023

Base Year

2018-2023

Historical Year

2024-2032

Forecast Year

Global Sliding Bearing Market Outlook

The global sliding bearing market attained a value of USD 1,111.47 million in 2023. The sliding bearing market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 6.9% to reach USD 2,031.95 million by 2032.  

Global Sliding Bearing Market Report Summary Description Value
Base Year USD Million 2023
Historical Period USD Million 2018-2023
Forecast Period USD Million 2024-2032
Market Size 2023 USD Million 1,111.47
Market Size 2032 USD Million 2,031.95
CAGR 2018-2023 Percentage XX%
CAGR 2024-2032 Percentage 6.9%
CAGR 2024-2032 - Market by Region North America 7.8%
CAGR 2024-2032 - Market by Country Canada 8.9%
CAGR 2024-2032 - Market by Country UK 8.8%
CAGR 2024-2032 - Market by Material Metallic 7.6%
CAGR 2024-2032 - Market by End Use Electric Multiple Unit (EMU) 7.4%
Market Share by Country 2023 USA 20.2%

Global Sliding Bearing Market

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The Asia Pacific is expected to be the leading regional sliding bearing market driven by the expansion of railways in countries like China, India, Thailand, and Japan. Radial sliding bearing is the leading type in the sliding bearing market due to its ability to handle heavy axial and radial loads. Due to its capacity to bear heavy loads and its high-temperature resistance, most sliding bearings are made of metallic materials. Bogie, meanwhile, is the largest application sector in the industry driven by the growing need for cross-country freight transport, which requires custom-designed cars.

Global Sliding Bearing Market Properties and Applications

Sliding bearing is a lightweight bearing, which creates a sliding friction, with the bearing supported by a sliding surface having air and oil in between to support the occurrence of the sliding movement.

Global Sliding Bearing Market By Application

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By type, the sliding bearing market can be divided into:

  • Linear 
  • Thrust 
  • Radial 
  • Angular Contact 
  • Others
CAGR 2024-2032 - Market by Material
Metallic 7.6%
Non-Metallic XX%

Based on materials, the industry can be bifurcated into:

  • Metallic
  • Non-Metallic

The sliding bearing market can be broadly categorised based on its applications segments into:

  • Engine
  • Brakes
  • Bogie
  • Interior
  • Exterior
CAGR 2024-2032 - Market by End Use
Electric Multiple Unit (EMU) 7.4%
Locomotive 7.1%
Diesel Multiple Unit (DMU) XX%
Coach XX%
Wagon XX%
Others XX%

On the basis of railway types, the industry can be segmented into:

  • Locomotive 
  • Diesel Multiple Unit (DMU) 
  • Electric Multiple Unit (EMU) 
  • Coach
  • Wagon
  • Light Rail and Metro
  • High-Speed Train
CAGR 2024-2032 - Market by Region
North America 7.8%
Europe 7.4%
Asia Pacific XX%
Latin America XX%
Middle East and Africa XX%

The EMR report looks into the regional markets of sliding bearings like North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.

Global Sliding Bearing Market By Region

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Global Sliding Bearing Market Analysis

The expected growth in the railway infrastructural projects is expected to be the major market driver for sliding bearing in the coming years. The rapidly growing urbanisation is leading to a rising demand for light trains and metros, which is expected to aid the growth of the sliding bearing market in the forecast period. The cost-effectiveness, high-efficiency, and reliability of sliding bearing are expected to support the growth of the sliding bearing market further. However, the market growth might be hindered by the price volatility of raw materials and limited applications of sliding bearing in the railway sector.

Competitive Landscape

The report presents a detailed analysis of the following key players in the global sliding bearings market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

  • SKF 
  • NTN Corporation
  • Saint-Gobain Performance Plastics Pampus GmbH
  • The Timken Company
  • Schaeffler Technologies AG & Co. KG
  • MinebeaMitsumi Inc.
  • RBC Bearings Incorporated
  • Others

The EMR report gives an in-depth insight into the sliding bearing market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

2023 Market Share by Country
USA 20.2%
Canada XX%
UK XX%
CAGR 2024-2032 - Market by Country
Canada 8.9%
UK 8.8%
USA 7.7%
Germany 7.1%
France 6.7%
Italy 6.0%
China XX%
Japan XX%
India XX%
Australia XX%
Saudi Arabia XX%
Brazil XX%
Mexico XX%

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Application
  • Type
  • Material
  • Railway Type
  • Region
Breakup by Application
  • Engine
  • Brakes
  • Bogie
  • Interior
  • Exterior
Breakup by Type
  • Linear
  • Thrust
  • Radial
  • Angular Contact
  • Others
Breakup by Material
  • Metallic
  • Non-Metallic
Breakup by Railway Type
  • Locomotive
  • Diesel Multiple Unit (DMU)
  • Electric Multiple Unit (EMU)
  • Coach
  • Wagon
  • Light Rail & Metro
  • High-Speed Train
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • SKF 
  • NTN Corporation
  • Saint-Gobain Performance Plastics Pampus GmbH
  • The Timken Company
  • Schaeffler Technologies AG & Co. KG
  • MinebeaMitsumi Inc.
  • RBC Bearings Incorporated
  • Others
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

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Key Questions Answered in the Report

The global sliding bearing market reached a value of USD 1,111.47 million in 2023.

The market is projected to grow at a CAGR of nearly 6.9% in the forecast period of 2024-2032.

The global sliding bearing market is estimated to reach a value of about USD 2,031.95 million by 2032.  

The major drivers of the market include rising disposable incomes, increasing population, rising urbanisation, and the cost-effectiveness, high-efficiency, and reliability of sliding bearing.

The key trends guiding the market include the increasing railway infrastructural projects, the rising requirement for cross-country freight transportation, and the high load-bearing capacity of sliding bearings.

The major regions in the market include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

The various applications of sliding bearing include engine, brakes, bogie, interior, and exterior.

The major types of the product in the market are linear, thrust, radial, and angular contact, among others.

The significant materials used for the product are metallic and non-metallic.

The several railway types considered in the market report include locomotive, diesel multiple unit (DMU), electric multiple unit (EMU), coach, wagon, light rail and metro, and high-speed train.

The leading players in the market are SKF, NTN Corporation, Saint-Gobain Performance Plastics Pampus GmbH, The Timken Company, Schaeffler Technologies AG & Co. KG, MinebeaMitsumi Inc., and RBC Bearings Incorporated, among others.

 

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+61 448 06 17 27

C130 Sector 2 Noida, Uttar Pradesh 201301

+91-858-608-1494

40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.

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6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London

+44-753-713-2163

193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City

+84865399124