info@strategicmarketresearch.com
26, Broadway, Suite 934, New York , 10004
us US: +1-315-636-4233    uk UK: +44-162-237-0614     in IN: +91-826-083-6500
Home » Chemicals and Materials » Polymer Bearing Market Report 2030

Polymer Bearing Market By Type (Plastic, Nylon, Teflon [PTFE], Polyacetal [POM], Polyethylene [PE], Others [e.g., UHMWPE, Polyetheretherketone - PEEK]); By Form (Plain Bearings, Rolling Bearings, Thrust Bearings, Flanged Bearings); By Application (Automotive, Electronics, Industrial Machinery, Textile Machinery, Medical Devices, Food and Beverage Processing, Office Products, Home Appliances); By End-user Industry (Automotive, Aerospace, Industrial, Electronics, Healthcare, Renewable Energy, Consumer Goods); By Geography, Segment revenue estimation, Forecast, 2024-2032.

Published On: SEP-2024   |   Base Year: 2022   |   No Of Pages: 150   |   Historical Data: 2017-2021   |   Formats: PDF   |   Report ID: 09711600

The polymer bearing market was worth USD 9.4 billion in 2023 and will be worth USD 14.2 billion by 2030, growing at a CAGR of 6.1% during the forecast period.

 

The Polymer Bearing market is driven by the increasing demand for lightweight, corrosion-resistant, and maintenance-free bearing solutions in the automotive, aerospace, and consumer goods industries. In 2023, the automotive sector, producing over 85 million vehicles annually, saw a growing shift towards polymer bearings due to their ability to reduce vehicle weight and improve fuel efficiency, contributing to lower carbon emissions. Polymer bearings are also favored for their self-lubricating properties, which reduce the need for frequent maintenance. A recent development includes the integration of polymer bearings in electric vehicles (EVs), where their lightweight nature helps extend battery range. For example, polymer bearings have been increasingly used in electric motors and battery cooling systems to improve efficiency and durability while minimizing friction. These advancements position polymer bearings as preferred in industries seeking sustainable and high-performance solutions.

 

Another key opportunity of the Polymer Bearing industry is the increasing use of electric vehicles (EVs) and other renewable resources. The international market for EVs is anticipated at a growth rate of over 20% annually, driving the need for lightweight and long-lasting components such as polymer bearings that enhance efficiency while decreasing energy use. Polymer bearings are also accepted in wind energy applications for their capabilities of operating in extreme conditions and low intervention. One of the latest trends is the application of high-performance polymer bearings for electric powertrains in EVs, aiming to maximize performance by minimizing mechanical energy dissipation. This places polymer bearings as a viable solution within industries seeking longevity and improved energy efficiency.

 

polymer-bearing-market-infographics

 

Market Segmentation

By Type:

  • Plastic

  • Nylon

  • Teflon (PTFE)

  • Polyacetal (POM)

  • Polyethylene (PE)

  • Others (e.g., UHMWPE, Polyetheretherketone - PEEK)

 

By Form:

  • Plain Bearings

  • Rolling Bearings

  • Thrust Bearings

  • Flanged Bearings

 

By Application:

  • Automotive

  • Electronics

  • Industrial Machinery

  • Textile Machinery

  • Medical Devices

  • Food and Beverage Processing

  • Office Products

  • Home Appliances

 

By End-user Industry:

  • Automotive

  • Aerospace

  • Industrial

  • Electronics

  • Healthcare

  • Renewable Energy

  • Consumer Goods

 

By Region

North America

  • US

  • Mexico

  • Canada

  • Rest of North America

 

Europe

  • Switzerland

  • Russia

  • France

  • Germany

  • U.K

  • Finland

  • Turkey

  • Netherlands

  • Belgium

  • Spain

  • Italy

  • Rest of Europe

 

Asia Pacific

  • India

  • China

  • South Korea

  • Japan

  • Singapore

  • Thailand

  • Indonesia

  • Malaysia

  • Philippines

  • Australia

  • Rest of Asia-Pacific

 

LAMEA

  • Brazil

  • Argentina

  • Uruguay

  • Saudi Arabia

  • Rest of LAMEA

 

Currently, the Asia-Pacific region is the largest consumer of polymeric bearing in the global Polymer Bearing market owing to increased industrialization and sales of vehicles, electronics devices, and trim-weight apparatus at cheaper rates. Automotive applications contributed to polymeric-bearing demand in this region, especially in producing countries such as China, Japan, and India, where automobile production surpassed 25 million vehicles annually in China. Polymer bearings have seen an increase in use in these industries because they reduce friction and weight and are easy to maintain. One recent trend is polymer bearings for electric vehicles or EVs in Asia-Pacific, which are incorporated in electric motor and battery cooling systems for improved performance. This change towards green technology is only adding to the reinforcement of the region’s stranglehold on the polymer-bearing market.

 

Key Players

  • Igus GmbH

  • SKF Group

  • Saint-Gobain S.A.

  • NTN Corporation

  • Rexnord Corporation

  • GGB Bearing Technology

  • Trelleborg Sealing Solutions

  • Kashima Bearings, Inc.

  • Boston Gear LLC

  • Thomson Industries, Inc.

 

Polymer Bearing Market Report Coverage

Report Attribute

Details

Forecast Period

2023 – 2030

Market Size Value in 2023

USD 9.4 billion

Revenue Forecast in 2030

USD 14.2 billion

Overall Growth Rate

CAGR of 6.1%

Base Year for Estimation

2022

Historical Data

2017 – 2021

Unit

USD Billion, CAGR (2023 - 2030)

Segmentation

By Type, By Form, By Application, By End-user Industry, By Region

By Type

Plastic, Nylon, Teflon (PTFE), Polyacetal (POM), Polyethylene (PE), Others

By Form

Plain Bearings, Rolling Bearings, Thrust Bearings, Flanged Bearings

By Application

Automotive, Electronics, Industrial Machinery, Textile Machinery, Medical Devices

By End-user Industry

Automotive, Aerospace, Industrial, Electronics, Healthcare

By Region

North America, Europe, Asia-Pacific, LAMEA

Country Scope

US, Canada, Mexico, UK, Germany, France, China, Japan, India, South Korea, Australia, etc.

Pricing and Purchase Options

Avail customized purchase options to meet your exact research needs.

Frequently Asked Question About This Report

Key players include Igus GmbH, SKF Group, Saint-Gobain S.A., and BNL Ltd.

The polymer bearing market was valued at USD 9.4 billion in 2023 and is projected to reach USD 14.2 billion by 2030, growing at a CAGR of 6.1% during the forecast period.

The market is driven by the increasing demand for lightweight, corrosion-resistant, and maintenance-free bearing solutions in the automotive, aerospace, and consumer goods industries. In 2023, the automotive sector, producing over 85 million vehicles annually, saw a growing shift towards polymer bearings due to their ability to reduce vehicle weight and improve fuel efficiency, contributing to lower carbon emissions.

Asia-Pacific holds a significant market share, driven by rapid industrialization and the expansion of the manufacturing sector in countries like China and India.

The automotive industry accounts for the largest market share, utilizing polymer bearings extensively to reduce vehicle weight and improve fuel efficiency.

.

Table of Contents

1.    POLYMER BEARING MARKET – PRODUCTION VOLUME BY REGION, (2024 – 2030)
1.1. North America
1.2. Europe
1.3. Asia Pacific
1.4. Latin America
1.5. Middle East & Africa
2.    POLYMER BEARING MARKET – REVENUE ($MILLION), BY REGION, (2024 – 2030)
2.1. North America
2.2. Europe
2.3. Asia Pacific
2.4. Latin America
2.5. Middle East & Africa
3.    MARKET SHARE ANALYSIS – POLYMER BEARING MARKET
3.1. Top 20 Players with Product Mix, Revenue, and Sales Volume
3.2. Market Share, 2023
3.3. Market By Type of Polymer Bearing and End Use Outlook Analysis
4.    HISTORIC TRENDS IN POLYMER BEARING MARKET
5.    EMERGING MARKET TRENDS
6.    NORTH AMERICA POLYMER BEARING MARKET ANALYSIS BY SEGMENT (COUNTRY-LEVEL ANALYSIS)
6.1. North America Polymer Bearing Historical Market ($MILLION), (2017 – 2023)
6.2. North America Polymer Bearing Market ($MILLION) and Forecasts (2024 – 2030)
6.3. North America Polymer Bearing Market Type ($MILLION), and Forecasts (2024 – 2030), By Type
6.3.1. Plastic
6.3.2. Nylon
6.3.3. Teflon (PTFE)
6.3.4. Polyacetal (POM)
6.3.5. Polyethylene (PE)
6.3.6. Others (e.g., UHMWPE, Polyetheretherketone - PEEK)
6.4. North America Polymer Bearing Market Type ($MILLION), and Forecasts (2024 – 2030), By Form
6.4.1. Plain Bearings
6.4.2. Rolling Bearings
6.4.3. Thrust Bearings
6.4.4. Flanged Bearings
6.5. North America Polymer Bearing Market Type ($MILLION), and Forecasts (2024 – 2030), By Application
6.5.1. Automotive
6.5.2. Electronics
6.5.3. Industrial Machinery
6.5.4. Textile Machinery
6.5.5. Medical Devices
6.5.6. Food and Beverage Processing
6.5.7. Office Products
6.5.8. Home Appliances
6.6. North America Polymer Bearing Market Type ($MILLION), and Forecasts (2024 – 2030), By End-Use Industry
6.6.1. Automotive
6.6.2. Aerospace
6.6.3. Industrial
6.6.4. Electronics
6.6.5. Healthcare
6.6.6. Renewable Energy
6.6.7. Consumer Goods
6.7. North America Polymer Bearing Market Type ($MILLION), and Forecasts (2024 – 2030), By Geography
6.7.1. USA
6.7.2. Canada
6.7.3. Rest of North America
7.    USA POLYMER BEARING MARKET ANALYSIS BY SEGMENT (COUNTRY-LEVEL ANALYSIS)
8.    EUROPE POLYMER BEARING MARKET ANALYSIS BY SEGMENT (COUNTRY-LEVEL ANALYSIS)
8.1. Europe Polymer Bearing Historical Market ($MILLION), (2017 – 2023)
8.2. Europe Polymer Bearing Market ($MILLION) and Forecasts (2024 – 2030)
8.3. Europe Polymer Bearing Market Type ($MILLION), and Forecasts (2024 – 2030), By Type
8.4. Europe Polymer Bearing Market Type ($MILLION), and Forecasts (2024 – 2030), By Form
8.5. Europe Polymer Bearing Market Type ($MILLION), and Forecasts (2024 – 2030), By Application
8.6. Europe Polymer Bearing Market Type ($MILLION), and Forecasts (2024 – 2030), By End-Use Industry
8.7. Europe Polymer Bearing Market Type ($MILLION), and Forecasts (2024 – 2030), By Geography
8.7.1. Germany
8.7.2. France
8.7.3. UK
8.7.4. Italy
8.7.5. Spain
8.7.6. Rest of Europe
9.    APAC POLYMER BEARING MARKET ANALYSIS BY SEGMENT (COUNTRY-LEVEL ANALYSIS)
9.1. APAC Polymer Bearing Historical Market ($MILLION), (2017 – 2023)
9.2. APAC Polymer Bearing Market ($MILLION) and Forecasts (2024 – 2030)
9.3. APAC Polymer Bearing Market Type ($MILLION), and Forecasts (2024 – 2030), By Type
9.4. APAC Polymer Bearing Market Type ($MILLION), and Forecasts (2024 – 2030), By Form
9.5. APAC Polymer Bearing Market Type ($MILLION), and Forecasts (2024 – 2030), By Application
9.6. APAC Polymer Bearing Market Type ($MILLION), and Forecasts (2024 – 2030), By End-Use Industry
9.7. APAC Polymer Bearing Market Type ($MILLION), and Forecasts (2024 – 2030), By Geography
9.7.1. China
9.7.2. Japan
9.7.3. South Korea
9.7.4. India
9.7.5. Australia
9.7.6. Rest of APAC
10.    LATIN AMERICA POLYMER BEARING MARKET ANALYSIS BY SEGMENT (COUNTRY-LEVEL ANALYSIS)
10.1. Latin America Polymer Bearing Historical Market ($MILLION), (2017 – 2023)
10.2. Latin America Polymer Bearing Market ($MILLION) and Forecasts (2024 – 2030)
10.3. Latin America Polymer Bearing Market Type ($MILLION), and Forecasts (2024 – 2030), By Type
10.4. Latin America Polymer Bearing Market Type ($MILLION), and Forecasts (2024 – 2030), By Form
10.5. Latin America Polymer Bearing Market Type ($MILLION), and Forecasts (2024 – 2030), By Application
10.6. Latin America Polymer Bearing Market Type ($MILLION), and Forecasts (2024 – 2030), By End-Use Industry
10.7. Latin America Polymer Bearing Market Type ($MILLION), and Forecasts (2024 – 2030), By Geography
10.7.1. Brazil
10.7.2. Argentina
10.7.3. Rest of Latin America
11.    COMPANY PROFILES:
11.1. Igus GmbH
11.1.1. Company Overview  
11.1.2. Company Snapshot  
11.1.3. Operating business segments
11.1.4. Product offered and Revenue
11.1.5. Production & Sales
11.2. SKF Group
11.3. Saint-Gobain S.A.
11.4. NTN Corporation
11.5. Rexnord Corporation
11.6. GGB Bearing Technology
11.7. Trelleborg Sealing Solutions
11.8. Kashima Bearings, Inc.
11.9. OTHER MARKET PLAYERS