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2025 Bearing Industry Forecast Briefing
VIIPLUS CHINA VIIPLUS Friction technology solutions
Application filed, According to market data, The global bearing market size was USD 102.2 billion in 2018, of which the automotive market accounted for the largest market share.
The reason is that the growing demand for vehicles with technologically advanced solutions has led to an increase in global automotive production.
Until 2025, the global bearing market will grow at a compound annual growth rate of 9.1%.
The railway and aerospace sectors will become the fastest-growing sectors, due to the growth of global travel and the acceleration of railway construction in developing countries.
In addition, the surge in demand for small single-aisle aircraft and helicopters in emerging economies is expected to further boost growth.
Regionally, forecast based on market data, sales in the Asia-Pacific region is expected to grow at the fastest pace, exceeding USD60 billion by 2025.
China is one of the main markets, due to the rapidly growing production of machinery and vehicles, as well as a strong market for after-sales services for industrial equipment and automobiles, China’s sales will grow rapidly in the foreseeable years.
In addition, it is estimated that India’s strong construction and mining equipment market will greatly promote local economic growth.
At the same time, the European region is expected to achieve favorable growth in 2020-2025 due to sustained economic growth and increased investment.
In addition, demand in mature markets in the US, Western Europe, and Japan is driven by a rebound in car production and a healthy fixed investment environment.
Increased sales of high-value bearings (such as large diameter, custom bearings), and applications in heavy machinery and wind turbines are also expected to drive growth in North America.
In the Middle East and Africa, the rapid development of urban infrastructure has had a positive impact on overall growth.
Self-lubricating Bearing Trends
The market is expected to be driven by increased demand for specialized bearing solutions that meet specific requirements and challenges in different industries.
There will also be an increasing demand for bearings with lower maintenance requirements, higher efficiency, easier assembly, and longer service life.
Manufacturers are therefore constantly working to improve product design to improve performance and energy efficiency, as predicted by market data.
They use special materials to make raceways, cages, rolling elements, and redesigned raceways contours.
In addition, advances in sealing and lubrication technologies, as well as the use of lightweight materials in high-performance products, have brought great promise to manufacturers.
The growing demand for high-performance bearings has led manufacturers to integrate advanced sensor units into their products.
The sensor unit facilitates digital monitoring of the product’s axial movement, deceleration, acceleration, rotational speed, and load capacity.
In addition, the emergence of the Industrial Internet of Things (IIoT) has encouraged the adoption and continuous monitoring of interconnected devices and machinery.
This trend has also had a positive impact on the bearing market.
VIILPUS Plain Bearings & Bushings
Metal-Polymer bearing: low friction coefficient, high wear resistance
Engineering plastic bearings: self-lubricating, low friction
Reinforced fiber bearings: wear resistance, corrosion resistance
Metal and bimetal bearings: high load capacity
For more material features, please see the menu “Product Information” or visit the VIIPLUS official website: https://www.viiplus.com/
VIIPLUS is a professional sliding bearing company with a mature production process, excellent research, and development team, the company aims at high quality, high quality, to provide customers with a good user experience, look forward to working with you. VIIPLUS is working to create an ideal world that minimizes friction losses through research into sliding bearing and surface engineering techniques. With research and development, testing, and production in the United States, Germany, France, Brazil, Slovakia, and China, VIIPLUS has collaborated with customers worldwide to design and develop efficient and environmentally friendly tribological solutions.VIIPLUS engineers bring their expertise and love of tribology to the automotive, aerospace, and industrial manufacturing sectors. For more information about VIIPLUS bearings, please visit the VIIPLUS bearing website: www.bronzelube.com