Plain Bearings Market Strategies, Top Players, Growth Opportunities, Analysis and Forecast by 2031

 The plain bearings market size is projected to reach US$ 14.56 billion by 2031 from US$ 9.54 billion in 2023. The market is expected to register a CAGR of 5.4% during 2023–2031. The emergence of innovative eco-friendly plain bearings is likely to bring in new trends in the market.

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Plain Bearings Market Analysis

Plain bearings are chosen for high-load and low-speed applications in various industries, including automotive, power tools, and domestic appliances. Plain bearings are utilized in the assembly of engine compartments, wheel suspensions, vehicle steering systems, brakes, pedals, pumps, and seats. Increasing automotive sales and production across the globe drives the global plain bearings market in tandem.

Further, plain bearings are widely used in the manufacturing of railways and metros to offer linear motion. Increasing investments in the railway sector by several governments across the world will promote the plain bearings market growth during the forecast period. According to the India Brand Equity Foundation Organization, the Indian Railways revenue reached US$ 28.75 billion in 2024. Also, during 2023–2024, the Indian government Union Budget allocated a capital of US$ 29 billion for the railway projects.