Polymer Bearing Market statistics and research analysis released in latest report

Statistics of Polymer Bearing Market covering market size, industry share numbers, regional outlook, competitive landscape with data about leading companies is now available in the latest report by Global Market Insights, Inc.

Global Polymer Bearing Market size may grow significantly over the projected period. Strong application scope in automotive, food processing and packaging, textile and medical and pharmaceutical industry will drive product demand.

Global bearing market was valued at USD 80 billion in 2015 and may exceed USD 110 billion by 2024, with gains at over 6% owing to heavy machinery production. China accounted for over 25% of the total market share owing to rising vehicle demand and machinery production. Mining and construction equipment market in India, Indonesia, Thailand, South Korea and Taiwan may facilitate polymer bearing demand.

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Reasons to Buy This Report:

1. Polymer Bearing Market size & share forecast by product & application 2017-2024
2. Growth drivers, pitfalls & industry challenges
3. Key Polymer Bearing Market growth opportunities & emerging business models
4. Competitive benchmarking with market share analysis and company profiles

The differentiating factor of Polymer Bearing Market report by Global Market Insights, Inc. when compared with other, similar syndicated research studies includes a 360-degree synopsis of trends for a period of more than 10 years including historic information as well as future outlook.

Global automobiles production was over 95 million units in 2016 and may surpass 135 million units by 2024. Noise and vibration are major challenges faced by the automotive sector. Saint-Gobain’s Norglide polymer bearing are self-lubricating and has a layer of polytetrafluroethylene which helps to cut down the noise and vibration in vehicles. The product is used in application such as center armrests, convertible top systems, belt tensioners, pedal systems, stub axels, gear actuators, door hinges, steering systems, throttle valves, and seating systems.

Global packaging industry was valued at USD 530 billion in 2016. India, China and Brazil comprised of over 35% of the total demand owing to rapid industrialization and increasing growth in consumer goods and packaging industry.

Polymer bearing give maintenance-free performance, high-temperature capabilities and durability, which are used in automated bag filling equipment, food processing equipment, case erecting equipment, blow molding machines, fill and seal machines, labeling equipment, palletizing and handling equipment.

Asia Pacific, led by India, South Korea, Japan and China polymer bearing market size may show significant regional growth due to strong applications in food processing and medical & pharmaceutical industry. Easy accessibility of raw materials and labor may favor regional industry growth.

Europe, driven by UK, France and Germany polymer bearing market size may grow significantly owing to strong fixed investment environment and manufacturing of motor vehicles driving regional industry growth. Increasing application scope in non-food & beverages packaging applications including, pharmaceutical, household chemicals and cosmetics & toiletries may drive regional product demand.

Global polymer bearing market share is fragmented. Key market players operating in this industry are BNL, SKF, Igus Inc., Boston Gear LLC., Saint-Gobain, Oiles Corporation, KMS Bearings, Kashima Bearings, Kilian Manufacturing and Dotmar Engineering Plastic Products.

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About Global Market Insights, Inc. Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services.