Global Sliding Bearing Market Report and Forecast 2024-2032

Global Sliding Bearing Market Outlook

The global sliding bearing market attained a value of USD 1,111.47 million in 2023. The sliding bearing market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 6.9% to reach USD 2,031.95 million by 2032.  

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The Asia Pacific is expected to be the leading regional sliding bearing market driven by the expansion of railways in countries like China, India, Thailand, and Japan. Radial sliding bearing is the leading type in the sliding bearing market due to its ability to handle heavy axial and radial loads. Due to its capacity to bear heavy loads and its high-temperature resistance, most sliding bearings are made of metallic materials. Bogie, meanwhile, is the largest application sector in the industry driven by the growing need for cross-country freight transport, which requires custom-designed cars.

Global Sliding Bearing Market Properties and Applications

Sliding bearing is a lightweight bearing, which creates a sliding friction, with the bearing supported by a sliding surface having air and oil in between to support the occurrence of the sliding movement.

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By type, the sliding bearing market can be divided into:

• Linear 
• Thrust 
• Radial 
• Angular Contact 
• Others

Based on materials, the industry can be bifurcated into:

• Metallic
• Non-Metallic

The sliding bearing market can be broadly categorised based on its applications segments into:

• Engine
• Brakes
• Bogie
• Interior
• Exterior

On the basis of railway types, the industry can be segmented into:

• Locomotive 
• Diesel Multiple Unit (DMU) 
• Electric Multiple Unit (EMU) 
• Coach
• Wagon
• Light Rail and Metro
• High-Speed Train

The EMR report looks into the regional markets of sliding bearings like North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.

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Global Sliding Bearing Market Analysis

The expected growth in the railway infrastructural projects is expected to be the major market driver for sliding bearing in the coming years. The rapidly growing urbanisation is leading to a rising demand for light trains and metros, which is expected to aid the growth of the sliding bearing market in the forecast period. The cost-effectiveness, high-efficiency, and reliability of sliding bearing are expected to support the growth of the sliding bearing market further. However, the market growth might be hindered by the price volatility of raw materials and limited applications of sliding bearing in the railway sector.

Competitive Landscape

The report presents a detailed analysis of the following key players in the global sliding bearings market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

• SKF 
• NTN Corporation
• Saint-Gobain Performance Plastics Pampus GmbH
• The Timken Company
• Schaeffler Technologies AG & Co. KG
• MinebeaMitsumi Inc.
• RBC Bearings Incorporated
• Others

The EMR report gives an in-depth insight into the sliding bearing market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

Key Highlights of the Report