Plastic bearings are a type of bearing made from a variety of different types of plastic and are used in a variety of applications. They offer a cost-effective solution to metal bearings, as they are cheaper and require less maintenance. Plastic bearings are often used in applications such as industrial machinery, medical equipment, and consumer products.
The global plastic bearings market is expected to grow at a CAGR of 3.6% from 2020 to 2027. The growth of the market is driven by the increasing demand for plastic bearings from the automotive and industrial sectors, as well as the rising demand for lightweight and corrosion-resistant products. The emergence of new materials and technologies, such as 3D printing and additive manufacturing, is also expected to fuel the growth of the global plastic bearings market. Additionally, the increasing demand for energy-efficient products and the introduction of stringent environmental regulations are expected to further drive the growth of the market.
The global Plastic Bearings market was valued at US$ 576 million in 2022 and is anticipated to reach US$ 705.3 million by 2029, witnessing a CAGR of 2.9% during the forecast period 2023-2029. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
A detailed market research report on Global Plastic Bearings Market available at: https://www.themarketreports.com/report/global-plastic-bearings-market-research-report
This report aims to provide a comprehensive presentation of the global market for Plastic Bearings, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Plastic Bearings.
The key Plastic Bearings manufacturers are Igus (DE), BNL (UK) Ltd, Saint Gobain (FR), Misumi (US), Kashima Bearings Corporation (JP), NTN (JP), Kilian Bearings (ALTRA US), AST Bearings (US), Thomson Nyliner (US), POBCO Inc (US), TriStar Plastics Corp (US), SKF (SE), KMS Bearings (US), NSK (JP), Oiles (JP), Dotmar (AUS), Boston Gear (ALTRA US), Zhejiang CSB Bearing Technologies (CN), Haining Canet Bearing (CN), Haining Lino-bearing (CN), Yisheng Bearing company (CN) etc. Top 3 companies occupied about 27% market share.
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