The report "Sliding Bearing Market by Railway (Locomotive, Wagon, Coach, DMU, EMU, Light Rail, Metro & High-Speed), Type (Thrust, Radial, Angular Contact & Linear), Application (Engine, Brake, Bogie, Interior & Exterior), Material & Region - Global Forecast to 2027" The Sliding Bearing Market is projected to grow at a CAGR of 6.4% during the forecast period, to reach a market size of USD 1,531 million by 2027 from USD 934 million in 2019. Increasing demand for higher efficiency, and reliability, rising metros, light rail and high-speed trains demand, and growing investments in railway projected globally are expected to fuel the sliding bearing market.
Browse 80 market data Tables and 40 Figures spread through 138 Pages and in-depth TOC on "Sliding Bearing Market "
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/sliding-bearing-market-131044382.html
Wagons segment is estimated to hold the largest share in the sliding bearing market, by railway type
Freight wagons segment leads the sliding bearing market, by railway type, from 2019 to 2027 owing to its highest share in the overall railway globally. As per MarketsandMarkets analysis, the freight wagons held nearly 80% to 84% share in 2018. These wagons are installed with bogie, brakes, and coupling mechanisms which are having fitment of sliding bearings. Asia Pacific dominates the sliding bearing market, followed by the Americas as these regions have a high demand for wagons for the transport of goods and other bulk material. Railways is ideal for inter- and intra-country transport due to its safety and cost-effectiveness. Hence, the rising demand for wagons in these regions will directly influence the demand for sliding bearings.
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=131044382
Brake application is projected to be the fastest growing segment in the sliding bearing market
The brake segment of the sliding bearing market, by application, is estimated to grow at the highest CAGR during the forecast period. Each type of railway, irrespective of the region, is installed either with drum or disc brakes. As per the industry insights, a single drum brake and disc brake consist of 1 and 4 units of sliding bearings, respectively. Technological advancements and the growing urbanization have resulted in the high demand for metros and high-speed trains. The high-speed trains and metros & light rails are usually installed with disc brakes to reduce the stopping distance. Thus, the growth in traditional and advanced railways would subsequently fuel the demand for sliding bearings for brake applications.
Europe is estimated to be the second largest market for sliding bearing
Europe is expected to be the second largest market for sliding bearings during the forecast period. European countries such as Germany, France, Spain, and the UK are known for promoting the usage of rapid transit systems such as EMUs, metros, and high-speed trains. The European governments are investing in the development of the railway infrastructure. Europe is a hub of global players such as Schaeffler, SKF, GGB Bearing, and IGUS. These companies are catering to the demand for sliding bearings in the regional as well as the global markets. These companies are also investing in R&D to develop non-metallic sliding bearing, which is useful in light-rails and metros. Thus, continuous efforts by the regional governments to enhance the railway infrastructure and the advancements in the technological capabilities of companies to produce sliding bearing for railway made up of composite materials are expected to provide promising growth opportunities in the European market.
Don’t miss out on business opportunities in Sliding Bearing Market. Speak to our analyst and gain crucial industry insights that will help your business grow.https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=131044382
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: 1-888-600-6441
sales@marketsandmarkets.com