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Self-Lubricating Bearings Market Size

Report ID: GMI12564
Published Date: Dec 2024
Report Format: PDF

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Self-Lubricating Bearings Market Size

The global self-lubricating bearings market was valued at USD 3.59 billion in 2023 and is estimated to grow at a CAGR of over 5.1% from 2024 to 2032.

Self-Lubricating Bearings Market

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As industries increasingly embrace automation, the demand for precision components has surged. Self-lubricating bearings, essential for robotic arms, conveyor systems, and automated machinery, provide durability and require minimal maintenance, especially in high-cycle applications.

Self-Lubricating Bearings Market Report Attributes
Report Attribute	Details
Base Year:	2024
Self-Lubricating Bearings Market Size in 2024:	USD 3.59 Billion
Forecast Period:	2025 – 2034
Forecast Period 2025 – 2034 CAGR:	5.1%
2025 – 2034 Value Projection:	USD 5.58 Billion
Historical Data for:	2021 – 2024
No. of Pages:	220
Tables, Charts & Figures:	180
Segments covered:	Product Type, Material, Load Capacity, Friction, Durability, End-Use, Distribution Channel, and Region
Growth Drivers:	Increasing demand in automotive applications Advancements in materials technology
Pitfalls & Challenges:	High initial costs

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Authors: Avinash Singh , Sunita Singh

Frequently Asked Questions (FAQ) :

The global market for self-lubricating bearings was reached USD 3.59 billion in 2023 and is estimated to grow at a 5.1% CAGR from 2024 to 2032, driven by increasing demand in automotive applications.

The bushings segment recorded USD 1.18 billion in 2023 and is expected to reach USD 1.82 billion by 2032, due to their eco-friendly nature and alignment with global sustainability objectives.

The automotive segment held around 41% of the market share in 2023, led by the rapid transition to electric vehicles (EVs) and the need for lightweight, durable, and maintenance-free components.

The U.S. self-lubricating bearings market recorded USD 754 million in 2023 and is expected to reach USD 1.17 billion by 2032, propelled by advancements in aerospace and defense sectors.

The industry features key players such as Beemer Precision, Inc., GGB Bearing Technology, Hycomp LLC, igus GmbH, Koyo Bearings (JTEKT Corporation), NSK Ltd., NTN Corporation, Oiles Corporation, RBC Bearings Incorporated, Saint-Gobain Performance Plastics, SKF Group, Technoslide (Bearings International), Tenneco Inc. (Federal-Mogul Bushing), THK Co., Ltd., and Timken Company.