Market Overview:
The global metal matrix composite bearing market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for metal matrix composite bearings in various end-use industries, such as construction & mining, automotive, aerospace and others. Metal matrix composites are made up of two or more dissimilar materials that are combined together to form a new material with improved properties as compared to those of the individual components. These bearings offer several advantages over traditional bearings such as increased stiffness, strength and hardness; better wear resistance; and lower friction levels. This is resulting in an increase in their adoption across various end-use industries. North America accounted for the largest share of the global metal matrix composite bearing market in 2017, followed by Europe and Asia Pacific.
Product Definition:
A metal matrix composite bearing is a type of bearing that uses a metal matrix composite as the bearing material. Metal matrix composites are made up of two or more materials, one of which is a metal. The other material can be any number of things, including ceramics, plastics, and fibers. Metal matrix composites have many advantages over traditional bearings materials like steel and bronze. They are lighter weight, stronger, and more wear resistant. This makes them ideal for use in high-performance applications like aircraft engines and race cars.
Radial Bearing:
Radial bearings are used in rotating machinery to support the radial load and ensure smooth operation. The product is widely used in industries such as automotive, aerospace & defense, construction equipment, material handling equipment and others.
The global metal matrix composite (MMC) bearing market size was valued at USD 2.8 billion in 2016 and is expected to grow at a CAGR of XX% from 2017 to 2022.
Thrust Bearing:
Thrust bearings are used in rotating machinery to translate the rotary motion into linear or radial movement. The main function of thrust bearings is to support the weight of the engine and allow it to spin on its mounts. They also help in maintaining stability and allowing smooth rotation, thus preventing any unwanted vibrations or shockwave that may damage other components.
Metal matrix composite (MMC) bearing market size was valued at USD 1,849.1 million in 2016.
Application Insights:
The construction and mining application segment led the market in 2017. The growth of this application can be attributed to increasing demand for heavy machinery used in mining activities, such as trucks, draglines, excavators and loaders. In addition, it is also likely to benefit from rising demand for infrastructure development across various regions coupled with favorable government policies.
The automotive sector is expected to witness significant growth over the forecast period owing to increasing use of metal matrix composite products in automobiles owing to their lightweight properties and abilityto absorb impact energy during accidents without getting damaged or deformed. Furthermore, they are also likely to find applicationsin aircraft components due largelyto their high strength-to-weight ratio than that of traditional alloys usedin these components.
Regional Analysis:
Asia Pacific dominated the global market in 2017 owing to increasing demand from end-use industries, such as construction and automotive. The region is expected to witness significant growth over the forecast period on account of rising industrial activities in countries, such as China and India. In addition, growing infrastructure development activities are likely to drive product demand over the coming years.
The presence of a large number of manufacturers coupled with cheap labor costs has led to an increase in production capacities for metal matrix composite products across Asia Pacific region. This factor is anticipated to result in increased product consumption during the forecast period. Moreover, Japan’s Ministry of Economy Trade (METI) has introduced favorable regulations that will help boost industry growth over the next eight years by supporting domestic production levels for MMC bearing and components manufacturing through public funding programs aimed at promoting innovation and technology transfer within Japan's manufacturing sector economy.
Growth Factors:
- Increasing demand from the automotive and aerospace industries for high-performance bearings is expected to drive the growth of the metal matrix composite bearing market during the forecast period.
- The growing popularity of electric vehicles is also anticipated to fuel the demand for metal matrix composite bearings in the coming years.
- Rising investments in research and development activities for new applications of metal matrix composite bearings are projected to boost market growth over the forecast period.
- Growing awareness about benefits offered by metal matrix composite bearings among end-users is likely to propel market expansion during the forecast period. 5) The increasing use of 3D printing technology for manufacturing complex shapes of metal matrix composites is expected to create new opportunities for players operating in this market during
Scope Of The Report
Report Attributes
Report Details
Report Title
Metal Matrix Composite Bearing Market Research Report
By Type
Radial Bearing, Thrust Bearing, Others
By Application
Construction & Mining, Automotive, Aerospace, Others
By Companies
Franklin Fiber Lamitex, AST Bearings LLC, CIP Composites, VNC Bearing, Technoslide(Pty)Ltd, GGB Bearing Technology, Tenneco(Federal-Mogul), Jiashan LHB
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
174
Number of Tables & Figures
122
Customization Available
Yes, the report can be customized as per your need.
Global Metal Matrix Composite Bearing Market Report Segments:
The global Metal Matrix Composite Bearing market is segmented on the basis of:
Types
Radial Bearing, Thrust Bearing, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Construction & Mining, Automotive, Aerospace, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Franklin Fiber Lamitex
- AST Bearings LLC
- CIP Composites
- VNC Bearing
- Technoslide(Pty)Ltd
- GGB Bearing Technology
- Tenneco(Federal-Mogul)
- Jiashan LHB
Highlights of The Metal Matrix Composite Bearing Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Radial Bearing
- Thrust Bearing
- Others
- By Application:
- Construction & Mining
- Automotive
- Aerospace
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Metal Matrix Composite Bearing Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Metal Matrix Composite Bearing is a type of bearing that uses metal matrix composites to replace traditional bearings. Metal Matrix Composite Bearings are stronger and more durable than traditional bearings, which makes them a popular choice for applications where durability and performance are important.
Some of the key players operating in the metal matrix composite bearing market are Franklin Fiber Lamitex, AST Bearings LLC, CIP Composites, VNC Bearing, Technoslide(Pty)Ltd, GGB Bearing Technology, Tenneco(Federal-Mogul), Jiashan LHB.
The metal matrix composite bearing market is expected to register a CAGR of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Metal Matrix Composite Bearing Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Metal Matrix Composite Bearing Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Metal Matrix Composite Bearing Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Metal Matrix Composite Bearing Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Metal Matrix Composite Bearing Market Size & Forecast, 2020-2028
4.5.1 Metal Matrix Composite Bearing Market Size and Y-o-Y Growth
4.5.2 Metal Matrix Composite Bearing Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Radial Bearing
5.2.2 Thrust Bearing
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Construction & Mining
6.2.2 Automotive
6.2.3 Aerospace
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Metal Matrix Composite Bearing Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Metal Matrix Composite Bearing Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Radial Bearing
9.6.2 Thrust Bearing
9.6.3 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Construction & Mining
9.10.2 Automotive
9.10.3 Aerospace
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Radial Bearing
10.6.2 Thrust Bearing
10.6.3 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Construction & Mining
10.10.2 Automotive
10.10.3 Aerospace
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Radial Bearing
11.6.2 Thrust Bearing
11.6.3 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Construction & Mining
11.10.2 Automotive
11.10.3 Aerospace
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Radial Bearing
12.6.2 Thrust Bearing
12.6.3 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Construction & Mining
12.10.2 Automotive
12.10.3 Aerospace
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Radial Bearing
13.6.2 Thrust Bearing
13.6.3 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Construction & Mining
13.10.2 Automotive
13.10.3 Aerospace
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Metal Matrix Composite Bearing Market: Competitive Dashboard
14.2 Global Metal Matrix Composite Bearing Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Franklin Fiber Lamitex
14.3.2 AST Bearings LLC
14.3.3 CIP Composites
14.3.4 VNC Bearing
14.3.5 Technoslide(Pty)Ltd
14.3.6 GGB Bearing Technology
14.3.7 Tenneco(Federal-Mogul)
14.3.8 Jiashan LHB
