Composite Bearings Market Global Trend & Forecast

Composite Bearings Market worth 5.04 Billion USD by 2021
The report "Composite Bearings Market by Product Type (Metal Matrix, Fiber Matrix), Application (Construction
& Mining, Automotive, Agriculture, Aerospace, Marine), Region - Global Forecast to 2021", Published by
MarketsandMarkets, In terms of value, The market was valued at USD 3.21 Billion, in 2015, and is projected to
reach USD 5.04 Billion by 2021 at a CAGR of 7.88% from 2016 to 2021.
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Browse 74 market data tables and 46 figures spread through 123 pages and in-depth TOC on "Composite
Bearings"
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The composite bearings market is driven by the superior mechanical properties leading to a long product life with
low maintenance cost, and the increasing use of composite bearings in demanding applications including
construction & mining, and aerospace. Also, rapid technological advancements in the mass production of
composite bearings is one of the factors driving the composite bearings market globally.
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Metal matrix comprises a major share in the composite bearings market in terms of value
Metal matrix is the leading type of composite bearings used for various applications, such as aerospace,
automotive, agriculture, and so on. The metal matrix based composite bearings market is the largest owing to its
high strength in comparison to single metal bearings. Due to this it is used in applications such as aerospace,
automotive, and agriculture.
Construction & mining are the largest application markets of composite bearings
The major applications in the Composite Bearings Market include construction & mining, automotive, and
agriculture. The construction & mining application constituted a major part of the composite bearings market.
Composite bearings offer various features, including resistance to fatigue & corrosion, operational & dimensional
stability at high temperatures, and are light in weight in comparison to traditional materials such as single metal
bearings. These factors are leading to the high growth of the composite bearings market in the construction &
mining, automotive, and agriculture applications.
North America accounts for a major market share in the composite bearings market
North America accounts for the largest market share of composite bearings, globally, due to the high demand for
their properties such as being light in weight, and providing dimensional stability and resistance against fatigue and
corrosion. In addition, technological advancements in the mass production of composite bearings and increasing
usage of these bearings in the aerospace application is also contributing to the high growth of composite bearings
market in the North American region. North America is expected to be the fastest-growing market for composite
bearings from 2015 to 2021.

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Some of the key leading global players in the composite bearings market are, Schaeffler Group (Germany), Saint
Gobain (France), Trelleborg Group (Sweden), RBC Bearing Incorporated (U.S.), Rexnord Corporation (U.S.), Polygon
Company (U.S.), HyComp LLC (U.S.), Tiodize Co., Inc. (U.S.), TriStar Plastic Corp. (U.S.), Spaulding Composites (U.S.),
and others. These players have adopted various organic and inorganic developmental strategies during the past
five years.
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