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Base Year
Historical Year
Forecast Year
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% |
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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.
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.
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By type, the sliding bearing market can be divided into:
CAGR 2024-2032 - Market by | Material |
Metallic | 7.6% |
Non-Metallic | XX% |
Based on materials, the industry can be bifurcated into:
The sliding bearing market can be broadly categorised based on its applications segments into:
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:
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.
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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.
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:
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% |
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:
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Breakup by Application |
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Breakup by Type |
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Breakup by Material |
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Breakup by Railway Type |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*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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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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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124
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