Metal-Polymer Composite Bearing Market was valued at USD 1.5 Billion in 2022 and is projected to reach USD 2.5 Billion by 2030, growing at a CAGR of 7.2% from 2024 to 2030.
The demand for metal-polymer composite bearings is expected to see a continued surge from 2023 to 2033, fueled by the growing need for high-performance, energy-efficient solutions in various industries. With the expansion of the electric vehicle market, the demand for lightweight, durable bearings that can withstand high loads and offer low friction is poised to grow exponentially. Additionally, the increasing focus on renewable energy projects, such as wind turbines and solar power installations, is expected to drive further market demand. Innovations in material composition, including the integration of advanced polymers and metals, are expected to improve the performance of these bearings even further. Furthermore, rising investments in infrastructure and manufacturing in developing economies, particularly in Asia-Pacific and Latin America, will contribute to the growing demand for these advanced bearing solutions.
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The Metal-Polymer Composite Bearing Market has shown significant growth from 2018 to 2022, driven by advancements in material science and increasing demand across industries. Metal-polymer composite bearings, known for their low friction, durability, and high load-bearing capacity, are increasingly being adopted in automotive, aerospace, and industrial machinery applications. During this period, the market experienced robust growth, particularly in regions such as North America and Europe, where manufacturers are focusing on reducing maintenance costs and enhancing the efficiency of their products. The automotive sector played a key role, with a surge in demand for bearings used in electric vehicles (EVs) and hybrid systems.
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GGB
Schaeffler
Daido Metal Co.
Ltd.
VIIPLUS Bearing
COB PRECISION PARTS INC.
Changsheng Sliding Bearing
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Metal-Polymer Composite Bearing Market
Aerospace
Automotive and Transportation
Agriculture
Other
Based on Types the Market is categorized into Below types that held the largest Metal-Polymer Composite Bearing market share In 2023.
Lead-Free
Containing Lead
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Metal-Polymer Composite Bearing Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Metal-Polymer Composite Bearing Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Metal-Polymer Composite Bearing Market, By Type
6. Global Metal-Polymer Composite Bearing Market, By Application
7. Global Metal-Polymer Composite Bearing Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Metal-Polymer Composite Bearing Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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