The Composite Bearings Market is expected to register a CAGR of 7.8% from 2025 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.
The report is segmented by Product Type (Fiber Matrix and Metal Matrix). The report is also segmented by Application (Building and Construction, Automotive, Aerospace, Marine, Mining, Others). The report scope covers 5 regions: North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America and key countries under each region. The global analysis is further broken-down at regional level and major countries. The Report Offers the Value in USD for the above analysis and segments.
Purpose of the ReportThe report Composite Bearings Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Composite Bearings Market Segmentation
Product Type- Fiber Matrix
- Metal Matrix
- Building and Construction
- Automotive
- Aerospace
- Marine
- Mining
Strategic Insights
Composite Bearings Market Growth Drivers- Lightweight Materials Demand: A considerable contributor to the composite bearings market, is the growing need for lightweight materials across different sectors, which is increasingly seen and felt. Composite bearings have a lighter construction than standard metal bearings, which improves fuel efficiency as well as performance in the likes of automotive and aerospace applications, thus making them of great demand in these sectors.
- Low Maintenance and Cost Reduction: Composite bearings also have other advantages such as very low maintenance which is another factor that is pushing the market demand for the product. The self-lubricating feature of the composites minimizes regular lubrication practice thereby reducing the operational cost and downtime. This is beneficial for sectors that wish to improve efficiency and cut down on maintenance costs.
- Infrastructure Growth and Heavy Equipment Use: The rise of cities and infrastructural advancement globally creates a market for heavy machines and equipment and consequently the composite bearings market. This is because with the increase in construction and other industrial activities, there is a growing demand and supply to use machines with safe and reliable bearing materials and composite bearings qualify for such modern applications.
- Enhanced Performance and Longevity: There is an increasing interest in composite materials in the manufacture of bearings. This is primarily because these types of materials have better qualities for example, they wear less, and less friction is experienced. Since most of the industries aim at enhancing performance and lifespan of their applications, there is increased expectation in the growth of composite bearings in the near future.
- Electric and Hybrid Vehicle Growth: Another factor that is prompting the growth of the composite bearings is the growing popularity of electric and hybrid cars. Such vehicles need lightweight as well as high performing components in order to improve the energy efficiency and performance of the vehicle. Considerable size composite bearings with excellent weight carrying capabilities are being adopted widely in automotive components thus aiding the technology shift to greener options.
- Sustainability Trends: Across all sectors, sustainability is becoming increasingly prioritized which in turn affects the market for composite bearings. Bearing manufacturers have started offering 'green' bearing options, which have less impact on the environment. Such initiatives fit well with the reduction of the carbon footprints in society today and hence, composite bearings are appealing to firms wishing to adhere to sourcing policies and sustainable practices.
- Wind and Solar Energy Applications: A dramatic aspect of composite bearings market is low weight bearing elements which are leveraged by wind turbines and solar trackers. The need for lightweight and sturdy parts is escalating with the rise in solar energy deployment and windmills as solar trackers and turbines, respectively, are made of composite material which withstands rotational movement without maintenance.
- Aerospace and Defense Industry Growth: Friction bearings made of composite material are lightweight and provide enhanced performance, hence are being embraced by the aerospace and defense industries. What is more, composite bearings replace the traditional ones because manufacturers of aircrafts strive to improve the aerodynamic profile of aircrafts and consequently reduce fuel expenses, and that is why the growth of this niche market segment is happening.
- Self-Lubricating Composite Bearings: The market is also witnessing increasing demand for self-lubricating composite bearings which is a great growth opportunity for the market. Less or no external lubrication is used or needed which results in reduced charging maintenance and enhanced reliability. Considering that enterprises today are more focused on performance and environment, the self-lubricating solutions demand is anticipated to grow, hence the composite bearings market will also benefit.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Composite Bearings Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Composite Bearings Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
Based on geography, Asia Pacific held the largest share of the composite bearings market.
Rising adoption of advanced materials is likely to remain the key trend in the market.
Saint-Gobain, Trelleborg Group, Schaeffler Group, Polygon Group, RBC Bearings Incorporated, Rexnord Corporation, CIP Composites, Tristar Plastic Corp, Spaulding Composites Inc, and Hycomp LLC are among the leading players operating in the composite bearings market.
The report can be delivered in PDF/Word format, we can also share excel data sheet based on request.
Growing demand for lightweight materials is driving the market growth
The Composite Bearings Market is estimated to witness a CAGR of 7.8% from 2023 to 2031
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Composite Bearings Market - By Product Type
1.3.2 Composite Bearings Market - By Application
1.3.3 Composite Bearings Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. COMPOSITE BEARINGS MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. COMPOSITE BEARINGS MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. COMPOSITE BEARINGS MARKET - GLOBAL MARKET ANALYSIS
6.1. COMPOSITE BEARINGS - GLOBAL MARKET OVERVIEW
6.2. COMPOSITE BEARINGS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. COMPOSITE BEARINGS MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT TYPE
7.1. OVERVIEW
7.2. PRODUCT TYPE MARKET FORECASTS AND ANALYSIS
7.3. FIBER MATRIX
7.3.1. Overview
7.3.2. Fiber Matrix Market Forecast and Analysis
7.4. METAL MATRIX
7.4.1. Overview
7.4.2. Metal Matrix Market Forecast and Analysis
8. COMPOSITE BEARINGS MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. CONSTRUCTION AND MINING
8.3.1. Overview
8.3.2. Construction and Mining Market Forecast and Analysis
8.4. AGRICULTURE
8.4.1. Overview
8.4.2. Agriculture Market Forecast and Analysis
8.5. AUTOMOTIVE
8.5.1. Overview
8.5.2. Automotive Market Forecast and Analysis
8.6. AEROSPACE
8.6.1. Overview
8.6.2. Aerospace Market Forecast and Analysis
8.7. MARINE
8.7.1. Overview
8.7.2. Marine Market Forecast and Analysis
8.8. OTHERS
8.8.1. Overview
8.8.2. Others Market Forecast and Analysis
9. COMPOSITE BEARINGS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Composite Bearings Market Overview
9.1.2 North America Composite Bearings Market Forecasts and Analysis
9.1.3 North America Composite Bearings Market Forecasts and Analysis - By Product Type
9.1.4 North America Composite Bearings Market Forecasts and Analysis - By Application
9.1.5 North America Composite Bearings Market Forecasts and Analysis - By Countries
9.1.5.1 United States Composite Bearings Market
9.1.5.1.1 United States Composite Bearings Market by Product Type
9.1.5.1.2 United States Composite Bearings Market by Application
9.1.5.2 Canada Composite Bearings Market
9.1.5.2.1 Canada Composite Bearings Market by Product Type
9.1.5.2.2 Canada Composite Bearings Market by Application
9.1.5.3 Mexico Composite Bearings Market
9.1.5.3.1 Mexico Composite Bearings Market by Product Type
9.1.5.3.2 Mexico Composite Bearings Market by Application
9.2. EUROPE
9.2.1 Europe Composite Bearings Market Overview
9.2.2 Europe Composite Bearings Market Forecasts and Analysis
9.2.3 Europe Composite Bearings Market Forecasts and Analysis - By Product Type
9.2.4 Europe Composite Bearings Market Forecasts and Analysis - By Application
9.2.5 Europe Composite Bearings Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Composite Bearings Market
9.2.5.1.1 Germany Composite Bearings Market by Product Type
9.2.5.1.2 Germany Composite Bearings Market by Application
9.2.5.2 France Composite Bearings Market
9.2.5.2.1 France Composite Bearings Market by Product Type
9.2.5.2.2 France Composite Bearings Market by Application
9.2.5.3 Italy Composite Bearings Market
9.2.5.3.1 Italy Composite Bearings Market by Product Type
9.2.5.3.2 Italy Composite Bearings Market by Application
9.2.5.4 United Kingdom Composite Bearings Market
9.2.5.4.1 United Kingdom Composite Bearings Market by Product Type
9.2.5.4.2 United Kingdom Composite Bearings Market by Application
9.2.5.5 Russia Composite Bearings Market
9.2.5.5.1 Russia Composite Bearings Market by Product Type
9.2.5.5.2 Russia Composite Bearings Market by Application
9.2.5.6 Rest of Europe Composite Bearings Market
9.2.5.6.1 Rest of Europe Composite Bearings Market by Product Type
9.2.5.6.2 Rest of Europe Composite Bearings Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Composite Bearings Market Overview
9.3.2 Asia-Pacific Composite Bearings Market Forecasts and Analysis
9.3.3 Asia-Pacific Composite Bearings Market Forecasts and Analysis - By Product Type
9.3.4 Asia-Pacific Composite Bearings Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Composite Bearings Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Composite Bearings Market
9.3.5.1.1 Australia Composite Bearings Market by Product Type
9.3.5.1.2 Australia Composite Bearings Market by Application
9.3.5.2 China Composite Bearings Market
9.3.5.2.1 China Composite Bearings Market by Product Type
9.3.5.2.2 China Composite Bearings Market by Application
9.3.5.3 India Composite Bearings Market
9.3.5.3.1 India Composite Bearings Market by Product Type
9.3.5.3.2 India Composite Bearings Market by Application
9.3.5.4 Japan Composite Bearings Market
9.3.5.4.1 Japan Composite Bearings Market by Product Type
9.3.5.4.2 Japan Composite Bearings Market by Application
9.3.5.5 South Korea Composite Bearings Market
9.3.5.5.1 South Korea Composite Bearings Market by Product Type
9.3.5.5.2 South Korea Composite Bearings Market by Application
9.3.5.6 Rest of Asia-Pacific Composite Bearings Market
9.3.5.6.1 Rest of Asia-Pacific Composite Bearings Market by Product Type
9.3.5.6.2 Rest of Asia-Pacific Composite Bearings Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Composite Bearings Market Overview
9.4.2 Middle East and Africa Composite Bearings Market Forecasts and Analysis
9.4.3 Middle East and Africa Composite Bearings Market Forecasts and Analysis - By Product Type
9.4.4 Middle East and Africa Composite Bearings Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Composite Bearings Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Composite Bearings Market
9.4.5.1.1 South Africa Composite Bearings Market by Product Type
9.4.5.1.2 South Africa Composite Bearings Market by Application
9.4.5.2 Saudi Arabia Composite Bearings Market
9.4.5.2.1 Saudi Arabia Composite Bearings Market by Product Type
9.4.5.2.2 Saudi Arabia Composite Bearings Market by Application
9.4.5.3 U.A.E Composite Bearings Market
9.4.5.3.1 U.A.E Composite Bearings Market by Product Type
9.4.5.3.2 U.A.E Composite Bearings Market by Application
9.4.5.4 Rest of Middle East and Africa Composite Bearings Market
9.4.5.4.1 Rest of Middle East and Africa Composite Bearings Market by Product Type
9.4.5.4.2 Rest of Middle East and Africa Composite Bearings Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Composite Bearings Market Overview
9.5.2 South and Central America Composite Bearings Market Forecasts and Analysis
9.5.3 South and Central America Composite Bearings Market Forecasts and Analysis - By Product Type
9.5.4 South and Central America Composite Bearings Market Forecasts and Analysis - By Application
9.5.5 South and Central America Composite Bearings Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Composite Bearings Market
9.5.5.1.1 Brazil Composite Bearings Market by Product Type
9.5.5.1.2 Brazil Composite Bearings Market by Application
9.5.5.2 Argentina Composite Bearings Market
9.5.5.2.1 Argentina Composite Bearings Market by Product Type
9.5.5.2.2 Argentina Composite Bearings Market by Application
9.5.5.3 Rest of South and Central America Composite Bearings Market
9.5.5.3.1 Rest of South and Central America Composite Bearings Market by Product Type
9.5.5.3.2 Rest of South and Central America Composite Bearings Market by Application
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. COMPOSITE BEARINGS MARKET, KEY COMPANY PROFILES
11.1. HYCOMP LLC
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. POLYGON COMPANY
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. RBC BEARINGS INCORPORATED
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. REXNORD CORPORATION
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. SAINT-GOBAIN S.A.
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. SCHAEFFLER GROUP
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. SPAULDING COMPOSITES, INC.
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. TIODIZE CO., INC.
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. TRELLEBORG GROUP
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. TRISTAR PLASTIC CORP.
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. Hycomp LLC
2. Polygon Company
3. RBC Bearings Incorporated
4. Rexnord Corporation
5 .Saint-Gobain S.A.
6. Schaeffler Group
7. Spaulding Composites, Inc.
8. Tiodize Co., Inc.
9. Trelleborg Group
10. Tristar Plastic Corp.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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