Summary

Global Polymer Bearing Market is valued at approximately USD 10.68 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 4.5% during the forecast period 2023-2030. A polymer bearing is a design component employed within machinery or miniature mechanisms to facilitate rotational motion, especially in cases where one of the two rubbing components comprises polymer material. Polymer bearings provide numerous advantages over conventional metal bearings, such as resistance to corrosion, reduced friction, and inherent self-lubrication properties. Additionally, their lightweight nature and ability to operate without external lubrication simplify maintenance procedures and contribute to cost reduction. Polymer bearings, known for their lightweight design and exceptional durability, are ideally suited for a variety of applications where weight and robustness are crucial factors to consider. This factor contributes to the growth of the Polymer Bearing Market. Polymer Bearings are increasingly used in the automotive industry due to their ability to withstand high temperatures, resist wear, reduce noise and vibration, Therefore, the growing innovations & investments in the automotive industry also act as a driver for the Polymer Bearing Market.

The automotive industry is currently experiencing significant growth, with the utilization of Polymer Bearings surpassing that of other industries. As per the ACEA-European Automobile Manufacturer’s Association, global motor vehicle production in 2022 amounted to 85.4 million units, marking a 5.7% rise compared to the preceding year. The rising advancements in 3D printing technology present an opportunity for the Polymer Bearing Market, enabling the production of complex and customized polymer bearings with enhanced precision and efficiency, catering to diverse industrial needs. The projected growth of the medical devices market is expected to propel the expansion of the Polymer Bearings market. This association arises from the widespread adoption of Polymer Bearings in medical devices, driven by their biocompatibility and resistance to corrosion. Nevertheless, stringent regulations and the low thermal conductivity of Polymer Bearings present challenges to the market's future. Furthermore, Polymer Bearings typically have lower load capacities compared to traditional metal bearings, restricting their use in high-load environments. Additionally, their higher cost relative to traditional metal bearings reduces their attractiveness to price-sensitive customers.

The key regions considered for the Global Polymer Bearing Market study include Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to Technological advancements and the proliferation of instrumented products in vehicle manufacturing. The increasing demand for highly advanced vehicles and enhanced vehicle capabilities has led to a rise in bearing demand within the automotive industry, significantly contributing to market expansion. Asia Pacific is expected to grow significantly over the forecast period, owing to factors due to significant emerging markets such as China, India, Malaysia, and Indonesia, alongside developed markets such as Taiwan, Japan, and South Korea. Several leading polymer-bearing producers and users are situated within this region.

Major market player included in this report are:
SKF Group
ISB Industries
Ritbearing Corporation
NSK Ltd
Jtekt Corporation
Schaeffler Technologies AG & Co. KG
NTN Corporation
Waukesha Bearings Ltd
The Timken Company
RBC Bearings Incorporated

Recent Developments in the Market:
 In March 2023, NSK broadens its range of electrical erosion-resistant bearings for eAxles, introducing new options featuring insulating polymer coatings and conductive brushes. These improvements empower NSK to effectively meet diverse customer requirements concerning electrical erosion, thereby enhancing reliability and expanding the scope of electric vehicles (EVs).
 In August 2022, SKF introduced a novel hybrid deep groove ball bearing designed for high-speed applications, targeting usage in traction motors within the rail industry, as well as electric machines and drives. Three Original Equipment Manufacturers (OEMs) have already been identified as pilot customers for this new product.
 In April 2022, Schaeffler introduces sustainable solutions customized for the food and packaging sector. By leveraging IoT solutions like Schaeffler OPTIME and OPTIME C1, the company endeavours to reduce operational expenses and resource utilization. These initiatives also contribute to advancements within the Polymer Bearing Market by offering enhanced efficiency and sustainability in applications related to food and packaging machinery.

Global Polymer Bearing Market Report Scope:
 Historical Data – 2020 - 2021
 Base Year for Estimation – 2022
 Forecast period - 2023-2030
 Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
 Segments Covered - Material, Bearing Type, Application, End User, Region
 Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
 Customization Scope - Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Material:
Phenolics
Nylon
Teflon
Acetal
UHMWPE (Ultra High Molecular Weight Polyethylene)
Others

By Bearing Type:
Ball Bearing
Roller Bearing

By Application:
Motors
Gears
Drive shaft
Idler Wheels
Wheel Pivots
X-ray robots

By End User:
Medical
Lawn & Garden tool
Marine
Aerospace
Automotive
Agriculture

By Region:

North America
U.S.
Canada

Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC

Latin America
Brazil
Mexico

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

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Table of Contents

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
1.2.1. Polymer Bearing Market, by Region, 2020-2030 (USD Billion)
1.2.2. Polymer Bearing Market, by Material, 2020-2030 (USD Billion)
1.2.3. Polymer Bearing Market, by Bearing Type, 2020-2030 (USD Billion)
1.2.4. Polymer Bearing Market, by Application, 2020-2030 (USD Billion)
1.2.5. Polymer Bearing Market, by End User, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Polymer Bearing Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Polymer Bearing Market Dynamics
3.1. Polymer Bearing Market Impact Analysis (2020-2030)
3.1.1. Market Drivers
3.1.1.1. The competitive edge of lightweight nature and reduced maintenance costs.
3.1.1.2. Increased innovation and investment in automotive industries using Polymer Bearings extensively.
3.1.2. Market Challenges
3.1.2.1. High Cost of Polymer Bearing compared to traditional metal bearings
3.1.2.2. Strict regulations and low thermal conductivity
3.1.3. Market Opportunities
3.1.3.1. Advances in 3D printing enhance polymer bearing production.
3.1.3.2. Medical device advancements utilizes Polymer Bearings for their properties.
Chapter 4. Global Polymer Bearing Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Polymer Bearing Market, by Material
5.1. Market Snapshot
5.2. Global Polymer Bearing Market by Material, Performance - Potential Analysis
5.3. Global Polymer Bearing Market Estimates & Forecasts by Material 2020-2030 (USD Billion)
5.4. Polymer Bearing Market, Sub Segment Analysis
5.4.1. Phenolics
5.4.2. Nylon
5.4.3. Teflon Acetal
5.4.4. UHMWPE (Ultra High Molecular Weight Polyethylene)
5.4.5. Others
Chapter 6. Global Polymer Bearing Market, by Bearing Type
6.1. Market Snapshot
6.2. Global Polymer Bearing Market by Bearing Type, Performance - Potential Analysis
6.3. Global Polymer Bearing Market Estimates & Forecasts by Bearing Type 2020-2030 (USD Billion)
6.4. Polymer Bearing Market, Sub Segment Analysis
6.4.1. Ball Bearing
6.4.2. Roller Bearing
Chapter 7. Global Polymer Bearing Market, by Application
7.1. Market Snapshot
7.2. Global Polymer Bearing Market by Application, Performance - Potential Analysis
7.3. Global Polymer Bearing Market Estimates & Forecasts by Application 2020-2030 (USD Billion)
7.4. Polymer Bearing Market, Sub Segment Analysis
7.4.1. Motors
7.4.2. Gears
7.4.3. Drive shaft
7.4.4. Idler Wheels
7.4.5. Wheel Pivots
7.4.6. X-ray robots
Chapter 8. Global Polymer Bearing Market, by End User
8.1. Market Snapshot
8.2. Global Polymer Bearing Market by End User, Performance - Potential Analysis
8.3. Global Polymer Bearing Market Estimates & Forecasts by End User 2020-2030 (USD Billion)
8.4. Polymer Bearing Market, Sub Segment Analysis
8.4.1. Medical
8.4.2. Lawn & Garden tool
8.4.3. Marine
8.4.4. Aerospace
8.4.5. Automotive
8.4.6. Agriculture
Chapter 9. Global Polymer Bearing Market, Regional Analysis
9.1. Top Leading Countries
9.2. Top Emerging Countries
9.3. Polymer Bearing Market, Regional Market Snapshot
9.4. North America Polymer Bearing Market
9.4.1. U.S. Polymer Bearing Market
9.4.1.1. Material breakdown estimates & forecasts, 2020-2030
9.4.1.2. Bearing Type breakdown estimates & forecasts, 2020-2030
9.4.1.3. Application breakdown estimates & forecasts, 2020-2030
9.4.1.4. End User breakdown estimates & forecasts, 2020-2030
9.4.2. Canada Polymer Bearing Market
9.5. Europe Polymer Bearing Market Snapshot
9.5.1. U.K. Polymer Bearing Market
9.5.2. Germany Polymer Bearing Market
9.5.3. France Polymer Bearing Market
9.5.4. Spain Polymer Bearing Market
9.5.5. Italy Polymer Bearing Market
9.5.6. Rest of Europe Polymer Bearing Market
9.6. Asia-Pacific Polymer Bearing Market Snapshot
9.6.1. China Polymer Bearing Market
9.6.2. India Polymer Bearing Market
9.6.3. Japan Polymer Bearing Market
9.6.4. Australia Polymer Bearing Market
9.6.5. South Korea Polymer Bearing Market
9.6.6. Rest of Asia Pacific Polymer Bearing Market
9.7. Latin America Polymer Bearing Market Snapshot
9.7.1. Brazil Polymer Bearing Market
9.7.2. Mexico Polymer Bearing Market
9.8. Middle East & Africa Polymer Bearing Market
9.8.1. Saudi Arabia Polymer Bearing Market
9.8.2. South Africa Polymer Bearing Market
9.8.3. Rest of Middle East & Africa Polymer Bearing Market

Chapter 10. Competitive Intelligence
10.1. Key Company SWOT Analysis
10.1.1. Company 1
10.1.2. Company 2
10.1.3. Company 3
10.2. Top Market Strategies
10.3. Company Profiles
10.3.1. SKF Group
10.3.1.1. Key Information
10.3.1.2. Overview
10.3.1.3. Financial (Subject to Data Availability)
10.3.1.4. Product Summary
10.3.1.5. Recent Developments
10.3.2. ISB Industries
10.3.3. Ritbearing Corporation
10.3.4. NSK Ltd
10.3.5. Jtekt Corporation
10.3.6. Schaeffler Technologies AG & Co. KG
10.3.7. NTN Corporation
10.3.8. Waukesha Bearings Ltd
10.3.9. The Timken Company
10.3.10. RBC Bearings Incorporated
Chapter 11. Research Process
11.1. Research Process
11.1.1. Data Mining
11.1.2. Analysis
11.1.3. Market Estimation
11.1.4. Validation
11.1.5. Publishing
11.2. Research Attributes
11.3. Research Assumption