Self-Lubricating Composite Bearings Market to experience an impressive growth of 7.3% during 2017-2022

Getting to the bare bones of the issues and factors which are sculpturing the market, Stratview Research brings out the best actionable market intelligence for the global Self-Lubricating Composite Bearings Market.
 
The analysts have scrupulously studied the trend and cautiously forecasted the future market developments for 2017-2022.
The important questions the report answers are:

1. What will be the market growth rate in the near future?
2. What are the major developments in the market wrt regulations, acquisitions and innovations?
3. What are the growth drivers as well as the constraints?
4. What are the regional growth hotspots?
5. What are the segmental growth forecasts?

 
These questions and many more, big and small, are all discussed in the report in great detail.
 
Global Self-Lubricating Composite Bearings Market: Highlights
The global self-lubricating composite bearings market is projected to witness an impressive CAGR of 7.3% over the next five years, driven by its several advantages, such as high strength, low life cycle cost, low maintenance cost, excellent dimensional stability in high-temperature areas, and no requirement for lubrication. Additionally, increasing demand for lightweight components across industries would further propel the demand for composite bearings over the next five years.
 
The strategic Market dissection
The dissection of the market is done to enlighten the aspects which are of interest to firms across the value chain.
 
Dissection by                                                  Segments

• by Reinforcement Type:         :           Metal Matrix based Composite Bearings and Fiber Matrix based Composite Bearings
• by Matrix Type                       :           Thermoset-based Composite Bearings and Thermoplastic-based Composite Bearings
• by End-Use Industry Type     :           Aerospace & Defense, Transportation and Others
• by Region                                :           North America, Europe, Asia-Pacific, and RoW

 
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Market Segments
Global self-lubricating composite bearings market is segmented based on reinforcement type as metal matrix and fiber matrix. Metal matrix is expected to remain the dominant reinforcement type in the global self-lubricating composite bearings market over the next five years, driven by its excellent strength as compared to metal bearings. This reinforcement type is also expected to register the highest growth in the same period.
 
Global self-lubricating composite bearings market is further segmented based on end-use industry type as aerospace & defense, transportation, construction & mining equipment, agriculture, marine, and others. Construction & Mining equipment currently dominates the global self-lubricating composite bearings market and is projected to remain the largest end-use industry type during the forecast period of 2017 to 2022, driven by its several advantages, such as non-lubrication, low-maintenance, high strength, and an excellent dimensional stability in high temperature. Other major end-use industries, such as transportation, aerospace & defense, and agriculture, are also projected to create a healthy demand for composite bearings over the next five years.
 
North America is expected to remain the largest market for self-lubricating composite bearings over the next five years as the region registers the utmost presence of composite bearing manufacturers and raw material manufacturers. Asia-Pacific is estimated to witness the fastest growth in the composite bearings market during the forecast period. Increasing investment in infrastructure projects, high focus on agriculture, upcoming commercial and regional aircraft, increasing automobile production, and high investment in high-speed rail projects are driving the Asia-Pacific’s self-lubricating composite bearings market in the Asia-Pacific region. China and India are projected to act as the growth engines of this region.
 
Players
Schaeffler Group, Saint-Gobain, Trelleborg Group, Rexnord Corporation, Polygon Company, HyComp LLC, Tiodize Co., TriStar Plastic Corp., Spaulding Composites, and AST Bearings are major players in the self-lubricating composite bearings market. New application development and collaboration with customers are some of the key strategies adopted by major companies to gain a competitive edge over others.
 
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