This report covers composite bearings market which exhibits self-lubricating property. The global composite bearings market is projected to reach USD 5.04 Billion by 2021, at a CAGR of 7.88%, from 2016 to 2021. Superior mechanical properties leading to a long product life with low maintenance costs, and the increasing use of composite bearings in demanding applications are the key factors responsible for the growth of the composite bearings market.
Seattle, WA -- (SBWIRE) -- 04/12/2017 -- The report "Composite Bearings Market by Product Type (Metal Matrix, Fiber Matrix), Application (Construction & Mining, Automotive, Agriculture, Aerospace, Marine), Region - Global Forecast to 2021", In terms of value, the composite bearings 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.
Browse 74 market data tables and 46 figures spread through 123 pages and in-depth TOC on "Composite Bearings Market - Global Forecast to 2021"
http://www.marketsandmarkets.com/Market-Reports/composite-bearing-market-241142853.html
Early buyers will receive 10% customization on this report.
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.
Metal matrix comprises a major share in the composite bearings market in terms of value
Metal matrix are 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.
Request for the Sample PDF of Report @ http://www.marketsandmarkets.com/pdfdownload.asp?id=241142853
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.
Make an Inquiry @ http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=241142853
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.
Browse Related Report:
Soft Magnetic Materials Market by Material Type (Soft Ferrite, Electrical Steel, Cobalt), Application (Motor, Transformer, Alternator), End User Industry (Automotive, Electronics & Telecommunications, Electrical) - Global Forecast to 2026
http://www.marketsandmarkets.com/Market-Reports/soft-magnetic-material-market-206182334.html
Composite Tooling Market by Fiber Type (Carbon and Glass), Resin Type (Epoxy, BMI, and others), Form (Fabric and Prepreg), and Application (Aerospace & Defense, Wind, Automotive, and Others) - Global Forecast to 2021
http://www.marketsandmarkets.com/Market-Reports/composite-tooling-market-63004871.html
Subscribe Reports from Chemicals & Materials Domain http://www.marketsandmarkets.com/Knowledgestore.asp
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 5000 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, "RT" 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. Rohan
Markets and Markets
701 Pike Street
Suite 2175, Seattle,
WA 98101, United States
Tel: 888-600-6441
Email: sales@marketsandmarkets.com
Visit MarketsandMarkets Blog @ http://www.marketsandmarketsblog.com/market-reports/chemical
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets
For more information, please visit http://www.marketsandmarkets.com