Self-lubricated Bearing Market Insights, Trends & Growth Outlook to 2025
As per the credible projections, global self-lubricated bearing market is set to accrue notable gains by the year 2025. Shifting focus of industrialists towards incorporating precision manufacturing to develop products with accuracy along with growing demand for high-performance and energy-efficient bearings in industrial equipment are major factors propelling the expansion of self-lubricating bearing industry. Self-lubricated bearings reduce the requirement for extra oiling systems. They help in lowering the operating cost while enabling maintenance free operations.
Self-lubricated bearings possess capabilities such as uniform deflection under high load. Advancements in technology pertaining to self-lubricated bearings have enabled the development of simplified mechanical designs. Increasing manufacturing and construction activities along with growing energy demand leading to deployment of powerplants are further fueling the market expansion.
As per product type, self-lubricated bearing market is classified into liquid lubricant and solid lubricant. The solid lubricant segment is expected to register considerable growth during the forecast period. Solid lubricants such as lead, MoS2 and graphite are applied on bearings that are placed at inaccessible areas of machine. As they are more stable in extreme temperature and pressure conditions as compared to liquid lubricants, they are extensively preferred in industrial settings. Self-lubricated bearings with solid lubricant have longer lifespan and require less maintenance. Lower hazardous emission and improving environmental conscience are favoring the adoption of these bearings.
Based on the application spectrum, the market is bifurcated into medical & instrument, aerospace & defense, precision equipment, automotive, semiconductor manufacturing, and others. Self-lubricated bearing industry share from automotive is slated to multiply decently in the ensuing years. Increasing awareness pertaining to vehicle safety has resulted in the development of 4-wheel drive controls, improved dual-mass flywheels and clutch systems, which in turn has bolstered the demand for heavy-duty oscillating, sliding and rotary bearings. Flourishing automotive industry owing to evolving lifestyle and rising per capita income are positively influencing the market outlook.
As per regional analysis, global self-lubricated bearing market is fragmented as North America, Asia-Pacific, Central & South America, Middle East & Africa, and Europe. North America self-lubricated bearing industry is presumed to grow substantially over 2019-2025. Rapid industrialization and technological advancements in precision manufacturing are augmenting the regional demand for the product.
AMES, GGB, Lignum Vitae, National Precision Bearing, TriStar Plastics Corp., RBC Bearings Inc., Kaman, Federal-Mogul LLC, Technymon Ltd., Kaman, Isostatic Industries, Oilite, Glebus Alloys, Technoslide, OILES Corp., CCTY Bearing Co. and CSB Sliding Bearings are the key players prevailing in global self-lubricated bearing industry. These market majors are focusing on business strategies such as mergers & acquisitions as well as innovative product launches in order to gain an advantage over the competitors.