Plastic Bearing Market with Future Prospects, Industry Capacity, Economic Aspect and Forecast To 2024

About Plastic Bearing Industry

Plastic bearings have positioned themselves as serious alternatives to traditional metal bearings in a wide variety of applications. Plastic bearings provide a number of advantages over metal bearings. They have less weight, lower inertia, and run much quieter than their metal counterparts. The main raw materials of plastic bearings include PEEK, nylon resin, POM, PET.

Automobile industry and machinery industry are the main applications of plastic bearings. In 2017, the automobile industry accounted for 36% of the share of the plastic bearings consumer market.

The market competition of plastic bearings industry is fierce; Investment and technology thresholds are relatively high. For companies that are interested in entering the industry, we suggest that we must do a good job of pre-investigating and fully analyze their advantages and disadvantages.

The worldwide market for Plastic Bearing is expected to grow at a CAGR of roughly 3.6% over the next five years, will reach 630 million US$ in 2024, from 510 million US$ in 2019, according to a new GIR (Global Info Research) study.