Plain Bearings Market Size and Scope by 2031
Plain Bearings Market Report Scope
Report Attribute | Details |
---|---|
Market size in 2023 | US$ 9.54 Billion |
Market Size by 2031 | US$ 14.56 Billion |
Global CAGR (2023 - 2031) | 5.4% |
Historical Data | 2021-2022 |
Forecast period | 2024-2031 |
Segments Covered |
By Product Type
|
Regions and Countries Covered | North America
|
Market leaders and key company profiles |
Plain Bearings Market News and Recent Developments
The plain bearings market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the plain bearings market are listed below:
The Timken Company, a global leader in engineered bearings and industrial motion products, has reached an agreement to acquire Engineered Solutions Group (a.k.a. Innovative Mechanical Solutions or iMECH), based in Houston, Texas. iMECH manufactures thrust bearings, radial bearings, specialty coatings and other components primarily used in the energy industry. The business employs approximately 70 people and projects revenue of approximately US$30 million for calendar year 2023. (Source: The Timken Company, Press Release, October 2023)
Plain Bearings Market Report Coverage and Deliverables
The "Plain Bearings Market Size and Forecast (2021–2031)" report provides a detailed analysis of the market covering below areas:
- Plain bearings market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Plain bearings market trends, as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST and SWOT analysis
- Plain bearings market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the plain bearings market
- Detailed company profiles