Home > Industrial Machinery > Industrial Equipment > Bearings > Self-Lubricating Bearings Market

Self-Lubricating Bearings Market Trends

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

Download Free Sample

Self-Lubricating Bearings Market Trends

The shift towards electric vehicles (EVs) has heightened the demand for components that are lightweight, energy-efficient, and maintenance-free. Due to their reliability and ability to minimize friction, self-lubricating bearings are becoming a staple in EV powertrains, motors, and chassis systems. Furthermore, the worldwide emphasis on sustainability has led to increased investments in renewable energy sources like wind turbines, solar panels, and hydroelectric plants. In these applications, self-lubricating bearings play a crucial role by enhancing efficiency and minimizing maintenance needs, especially in challenging environmental conditions.

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.