PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1264024
PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1264024
Middle East and Africa Composite Bearings Market, By Product ; By Material (Carbon Fiber Reinforced Polymer, Glass Fiber Reinforced Polymer ); By Application ; By End Use ; By Country, Trend Analysis, Competitive Landscape & Forecast, 2019-2029
Middle East and Africa Composite Bearings Market to Expand at Steady CAGR of 5.24% During 2023-2029
Middle East and Africa composite bearings market is flourishing because of an increasing demand from the construction and high demand for packaging sector.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, expects Middle East and Africa composite bearings market to grow at a CAGR of 5.24% during the forecast period between 2023 and 2029. Major growth factors of Middle East and Africa composite bearings market include rising demand for lightweight and durable materials in various industrial applications. Composite bearings are made by combining materials, such as fiber-reinforced resin, plastic, or metal, with synthetic fibers and PTFE, which reduces friction. Composite bearings offer a cost-effective alternative to traditional bearings, as they have a longer lifespan and require less maintenance. They are used in powertrains, steering yokes in automobiles, bicycle forks, seat mechanisms, and belt tensioners. Automobile manufacturers are extensively utilizing lightweight composite materials to reduce vehicle weight and enhance fuel efficiency. Additionally, composite bearings are preferred in various machines like agricultural machinery, drilling rigs, and lawn mowers, due to their excellent load-bearing capacity and reliability. As manufacturing output increases, the Middle East and Africa composite bearings market is expected to witness further growth. However, availability of alternative materials and limited performance under certain conditions are anticipated to restrain the overall market growth.
Middle East and Africa Composite Bearings Market - Overview
Composite bearings refer to a type of bearing made from a combination of materials such as polymers, fibers, metals, and ceramics. They are designed to reduce friction and wear in mechanical systems, while also providing high resistance to corrosion, impact, and temperature variations. Composite bearings offer several advantages over traditional bearings, including their lightweight, low friction coefficient, self-lubricating properties, and long service life. They find extensive applications in various industries such as aerospace, automotive, marine, construction, and industrial equipment. The composite bearings market includes the manufacturing, distribution, and sale of these types of bearings to end-users across different industries.
Impact of COVID-19 on Middle East and Africa Composite Bearings Market
COVID-19 adversely affects composite bearings market across the Middle East and Africa region. Like many other industries, the composite bearings market has been affected by disruptions in supply chains, reduced demand, and economic uncertainty. The pandemic has led to the shutdown of manufacturing facilities and disruptions in the supply chain, affecting the production and delivery of composite bearings. This has resulted in delayed or canceled orders and reduced revenue for manufacturers. Moreover, the pandemic has caused a decline in demand for composite bearings due to reduced economic activity in several end-use industries, including automotive, aerospace, and construction. This has led to a decrease in sales and revenue for composite bearing manufacturers. However, the pandemic has also created new opportunities for the composite bearings market. The increasing demand for medical equipment, such as ventilators and hospital beds, has created a new market for composite bearings. The use of composite bearings in medical equipment has increased due to their self-lubricating properties, lightweight, and high load-bearing capacity. The pandemic has also accelerated the adoption of digital technologies, such as remote monitoring and predictive maintenance, in several industries. This has created new opportunities for composite bearing manufacturers to offer value-added services to their customers.
Middle East and Africa Composite Bearings Market - By Product
By product, Middle East and Africa composite bearings market is bifurcated into Metal matrix composite bearings and Fiber matrix composite bearings segments. The metal matrix composite bearings segment has a higher share in the Middle East and Africa composite bearings market due to several factors, such as high strength, wear resistance, and thermal stability, which make them suitable for use in a wide range of applications. In the automotive industry, metal matrix composite bearings are used in engine components, transmission systems, and suspension systems due to their high load-bearing capacity and low friction properties. The increasing demand for lightweight materials in the automotive industry has also driven the adoption of metal matrix composite bearings, as they are lighter than traditional metal bearings.
Competitive Landscape
Major players operating in Middle East and Africa composite bearings market include GGB Bearing Technology, Trelleborg Sealing Solutions, Schaeffler AG, Rexnord Corporation, NTN Corporation, RBC Bearings Incorporated, H4 Marine Limited, Daido Metal Co., Ltd., AST Bearings LLC, NSK Ltd., Saint-Gobain Performance Plastics, Igus GmbH, Polygon Company, Oiles Corporation, and The Timken Company. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of Middle East and Africa Composite Bearings Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in Middle East and Africa Composite Bearings Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.
Table of Contents
1. Research Framework
- 1.1. Research Objective
- 1.2. Product Overview
- 1.3. Market Segmentation
2. Executive Summary
3. Middle East and Africa Composite Bearings Market Insights
- 3.1. Industry Value Chain Analysis
- 3.2. DROC Analysis
- 3.2.1. Growth Drivers
- 3.2.1.1. Growing demand from end-use industries
- 3.2.1.2. Cost-effective as compared to traditional bearings
- 3.2.1.3. Increased demand for lightweight and high-strength materials
- 3.2.2. Restraints
- 3.2.2.1. Availability of alternative materials
- 3.2.2.2. Limited performance under certain conditions
- 3.2.3. Opportunities
- 3.2.3.1. Development of advanced materials and manufacturing techniques
- 3.2.3.2. Expansion in emerging markets
- 3.2.4. Challenges
- 3.2.4.1. Less Competition from established materials
- 3.2.4.2. Technical complexities
- 3.2.1. Growth Drivers
- 3.3. Technology Advancements/Recent Developments
- 3.4. Regulatory Framework
- 3.5. Porter's Five Forces Analysis
- 3.5.1. Bargaining Power of Suppliers
- 3.5.2. Bargaining Power of Buyers
- 3.5.3. Threat of New Entrants
- 3.5.4. Threat of Substitutes
- 3.5.5. Intensity of Rivalry
4. Middle East and Africa Composite Bearings Market Overview
- 4.1. Market Size & Forecast, 2019-2029
- 4.1.1. By Value (USD Million)
- 4.1.2. Market Share and Forecast
- 4.1.3. By Product
- 4.1.3.1. Metal matrix composite bearings
- 4.1.3.2. Fiber matrix composite bearings
- 4.1.3.3. Others
- 4.1.4. By Material
- 4.1.4.1. Carbon fiber reinforced polymer (CFRP)
- 4.1.4.2. Glass fiber reinforced polymer (GFRP)
- 4.1.4.3. Others.
- 4.1.5. By Application
- 4.1.5.1. Thrust bearings
- 4.1.5.2. Radial bearings
- 4.1.5.3. Journal bearings
- 4.1.5.4. Others.
- 4.1.6. By End Use
- 4.1.6.1. Automotive
- 4.1.6.2. Aerospace
- 4.1.6.3. Construction
- 4.1.6.4. Agriculture
- 4.1.6.5. Others.
- 4.1.7. By Country
- 4.1.7.1. Saudi Arabia
- 4.1.7.2. UAE
- 4.1.7.3. Qatar
- 4.1.7.4. Kuwait
- 4.1.7.5. South Africa
- 4.1.7.6. Algeria
- 4.1.7.7. Nigeria
- 4.1.7.8. Rest of MEA
5. Saudi Arabia Composite Bearings Market
- 5.1. Market Size & Forecast, 2019-2029
- 5.1.1. By Value (USD Million)
- 5.2. Market Share & Forecast
- 5.2.1. By Product
- 5.2.2. By Material
- 5.2.3. By Application
- 5.2.4. By End Use
6. UAE Composite Bearings Market
- 6.1. Market Size & Forecast, 2019-2029
- 6.1.1. By Value (USD Million)
- 6.2. Market Share & Forecast
- 6.2.1. By Product
- 6.2.2. By Material
- 6.2.3. By Application
- 6.2.4. By End Use
7. Qatar Composite Bearings Market
- 7.1. Market Size & Forecast, 2019-2029
- 7.1.1. By Value (USD Million)
- 7.2. Market Share & Forecast
- 7.2.1. By Product
- 7.2.2. By Material
- 7.2.3. By Application
- 7.2.4. By End Use
8. Kuwait Composite Bearings Market
- 8.1. Market Size & Forecast, 2019-2029
- 8.1.1. By Value (USD Million)
- 8.2. Market Share & Forecast
- 8.2.1. By Product
- 8.2.2. By Material
- 8.2.3. By Application
- 8.2.4. By End Use
9. South Africa Composite Bearings Market
- 9.1. Market Size & Forecast, 2019-2029
- 9.1.1. By Value (USD Million)
- 9.2. Market Share & Forecast
- 9.2.1. By Product
- 9.2.2. By Application
- 9.2.3. By Material
- 9.2.4. By End Use
10. Algeria Composite Bearings Market
- 10.1. Market Size & Forecast, 2019-2029
- 10.1.1. By Value (USD Million)
- 10.2. Market Share & Forecast
- 10.2.1. By Product
- 10.2.2. By Material
- 10.2.3. By Application
- 10.2.4. By End Use
11. Nigeria Composite Bearings Market
- 11.1. Market Size & Forecast, 2019-2029
- 11.1.1. By Value (USD Million)
- 11.2. Market Share & Forecast
- 11.2.1. By Product
- 11.2.2. By Material
- 11.2.3. By Application
- 11.2.4. By End Use
12. Rest of Middle East and Africa Composite Bearings Market
- 12.1. Market Size & Forecast, 2019-2029
- 12.1.1. By Value (USD Million)
- 12.2. Market Share & Forecast
- 12.2.1. By Product
- 12.2.2. By Material
- 12.2.3. By Application
- 12.2.4. By End Use
13. Competitive Landscape
- 13.1. List of Key Players and Their Offerings
- 13.2. Middle East and Africa Composite Bearings Market Share Analysis, 2022
- 13.3. Competitive Benchmarking, By Operating Parameters
- 13.4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
14. Impact of Covid-19 on Middle East and Africa Composite Bearings Market
15. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)
- 15.1. GGB Bearing Technology
- 15.2. Trelleborg Sealing Solutions
- 15.3. Schaeffler AG
- 15.4. Rexnord Corporation
- 15.5. NTN Corporation
- 15.6. RBC Bearings Incorporated
- 15.7. H4 Marine Limited
- 15.8. Daido Metal Co., Ltd.
- 15.9. AST Bearings LLC
- 15.10. NSK Ltd.
- 15.11. Saint-Gobain Performance Plastics
- 15.12. Igus GmbH
- 15.13. Polygon Company
- 15.14. Oiles Corporation
- 15.15. The Timken Company
- 15.16. Other Prominent Players
16. Key Strategic Recommendations
17. Research Methodology
- 17.1. Qualitative Research
- 17.1.1. Primary & Secondary Research
- 17.2. Quantitative Research
- 17.3. Market Breakdown & Data Triangulation
- 17.3.1. Secondary Research
- 17.3.2. Primary Research
- 17.4. Breakdown of Primary Research Respondents, By Region
- 17.5. Assumptions & Limitations
*Financial information of case of non-listed companies can be provided as per availability.
**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable
List of Figures
- Figure 1 Middle East and Africa Composite Bearings Segmentation
- Figure 2 Middle East and Africa Composite Bearings Market Value Chain Analysis
- Figure 3 Company Market Share Analysis, 2022
- Figure 4 The Middle East & Africa Composite Bearings Market Size, By Value (USD Million), 2019-2029
- Figure 5 The Middle East & Africa Composite Bearings Market Share, By Product, By Value, 2019-2029
- Figure 6 The Middle East & Africa Composite Bearings Market Share, By Material, By Value, 2019-2029
- Figure 7 The Middle East & Africa Composite Bearings Market Share, By Application , By Value, 2019-2029
- Figure 8 The Middle East & Africa Composite Bearings Market Share, By End Use Industry, By Value, 2019-2029
- Figure 9 The Middle East & Africa Composite Bearings Market Share, By Country, By Value, 2019-2029
- Figure 10 Saudi Arabia Composite Bearings Market Size, By Value (USD Million), 2019-2029
- Figure 11 Saudi Arabia Composite Bearings Market Share, By Product, By Value, 2019-2029
- Figure 12 Saudi Arabia Composite Bearings Market Share, By Material, By Value, 2019-2029
- Figure 13 Saudi Arabia Composite Bearings Market Share, By Application , By Value, 2019-2029
- Figure 14 Saudi Arabia Composite Bearings Market Share, By End Use Industry, By Value, 2019-2029
- Figure 15 UAE Composite Bearings Market Size, By Value (USD Million), 2019-2029
- Figure 16 UAE Composite Bearings Market Share, By Product, By Value, 2019-2029
- Figure 17 UAE Composite Bearings Market Share, By Material, By Value, 2019-2029
- Figure 18 UAE Composite Bearings Market Share, By Application , By Value, 2019-2029
- Figure 19 UAE Composite Bearings Market Share, By End Use Industry, By Value, 2019-2029
- Figure 20 Qatar Composite Bearings Market Size, By Value (USD Million), 2019-2029
- Figure 21 Qatar Composite Bearings Market Share, By Product, By Value, 2019-2029
- Figure 22 Qatar Composite Bearings Market Share, By Material, By Value, 2019-2029
- Figure 23 Qatar Composite Bearings Market Share, By Application , By Value, 2019-2029
- Figure 24 Qatar Composite Bearings Market Share, By End Use Industry, By Value, 2019-2029
- Figure 25 Kuwait Composite Bearings Market Size, By Value (USD Million), 2019-2029
- Figure 26 Kuwait Composite Bearings Market Share, By Product, By Value, 2019-2029
- Figure 27 Kuwait Composite Bearings Market Share, By Material, By Value, 2019-2029
- Figure 28 Kuwait Composite Bearings Market Share, By Application , By Value, 2019-2029
- Figure 29 Kuwait Composite Bearings Market Share, By End Use Industry, By Value, 2019-2029
- Figure 30 South Africa Composite Bearings Market Size, By Value (USD Million), 2019-2029
- Figure 31 South Africa Composite Bearings Market Share, By Product, By Value, 2019-2029
- Figure 32 South Africa Composite Bearings Market Share, By Material, By Value, 2019-2029
- Figure 33 South Africa Composite Bearings Market Share, By Application , By Value, 2019-2029
- Figure 34 South Africa Composite Bearings Market Share, By End Use Industry, By Value, 2019-2029
- Figure 35 Algeria Composite Bearings Market Size, By Value (USD Million), 2019-2029
- Figure 36 Algeria Composite Bearings Market Share, By Product, By Value, 2019-2029
- Figure 37 Algeria Composite Bearings Market Share, By Material, By Value, 2019-2029
- Figure 38 Algeria Composite Bearings Market Share, By Application , By Value, 2019-2029
- Figure 39 Algeria Composite Bearings Market Share, By End Use Industry, By Value, 2019-2029
- Figure 40 Nigeria Composite Bearings Market Size, By Value (USD Million), 2019-2029
- Figure 41 Nigeria Composite Bearings Market Share, By Product, By Value, 2019-2029
- Figure 42 Nigeria Composite Bearings Market Share, By Material, By Value, 2019-2029
- Figure 43 Nigeria Composite Bearings Market Share, By Application , By Value, 2019-2029
- Figure 44 Nigeria Composite Bearings Market Share, By End Use Industry, By Value, 2019-2029
- Figure 45 Rest of Middle East & Africa Composite Bearings Market Size, By Value (USD Million), 2019-2029
- Figure 46 Rest of Middle East & Africa Composite Bearings Market Share, By Product, By Value, 2019-2029
- Figure 47 Rest of Middle East & Africa Composite Bearings Market Share, By Material, By Value, 2019-2029
- Figure 48 Rest of Middle East & Africa Composite Bearings Market Share, By Application , By Value, 2019-2029
- Figure 49 Rest of Middle East & Africa Composite Bearings Market Share, By End Use Industry, By Value, 2019-2029
List of Tables
- Table 1 The Middle East & Africa Composite Bearings Market Size, By Value (USD Million), 2019-2029
- Table 2 The Middle East & Africa Composite Bearings Market Share, By Product, By Value, 2019-2029
- Table 3 The Middle East & Africa Composite Bearings Market Share, By Material, By Value, 2019-2029
- Table 4 The Middle East & Africa Composite Bearings Market Share, By Application , By Value, 2019-2029
- Table 5 The Middle East & Africa Composite Bearings Market Share, By End Use Industry, By Value, 2019-2029
- Table 6 The Middle East & Africa Composite Bearings Market Share, By Country, By Value, 2019-2029
- Table 7 Saudi Arabia Composite Bearings Market Size, By Value (USD Million), 2019-2029
- Table 8 Saudi Arabia Composite Bearings Market Share, By Product, By Value, 2019-2029
- Table 9 Saudi Arabia Composite Bearings Market Share, By Material, By Value, 2019-2029
- Table 10 Saudi Arabia Composite Bearings Market Share, By Application , By Value, 2019-2029
- Table 11 Saudi Arabia Composite Bearings Market Share, By End Use Industry, By Value, 2019-2029
- Table 12 UAE Composite Bearings Market Size, By Value (USD Million), 2019-2029
- Table 13 UAE Composite Bearings Market Share, By Product, By Value, 2019-2029
- Table 14 UAE Composite Bearings Market Share, By Material, By Value, 2019-2029
- Table 15 UAE Composite Bearings Market Share, By Application , By Value, 2019-2029
- Table 16 UAE Composite Bearings Market Share, By End Use Industry, By Value, 2019-2029
- Table 17 Qatar Composite Bearings Market Size, By Value (USD Million), 2019-2029
- Table 18 Qatar Composite Bearings Market Share, By Product, By Value, 2019-2029
- Table 19 Qatar Composite Bearings Market Share, By Material, By Value, 2019-2029
- Table 20 Qatar Composite Bearings Market Share, By Application , By Value, 2019-2029
- Table 21 Qatar Composite Bearings Market Share, By End Use Industry, By Value, 2019-2029
- Table 22 Kuwait Composite Bearings Market Size, By Value (USD Million), 2019-2029
- Table 23 Kuwait Composite Bearings Market Share, By Product, By Value, 2019-2029
- Table 24 Kuwait Composite Bearings Market Share, By Material, By Value, 2019-2029
- Table 25 Kuwait Composite Bearings Market Share, By Application , By Value, 2019-2029
- Table 26 Kuwait Composite Bearings Market Share, By End Use Industry, By Value, 2019-2029
- Table 27 South Africa Composite Bearings Market Size, By Value (USD Million), 2019-2029
- Table 28 South Africa Composite Bearings Market Share, By Product, By Value, 2019-2029
- Table 29 South Africa Composite Bearings Market Share, By Material, By Value, 2019-2029
- Table 30 South Africa Composite Bearings Market Share, By Application , By Value, 2019-2029
- Table 31 South Africa Composite Bearings Market Share, By End Use Industry, By Value, 2019-2029
- Table 32 Algeria Composite Bearings Market Size, By Value (USD Million), 2019-2029
- Table 33 Algeria Composite Bearings Market Share, By Product, By Value, 2019-2029
- Table 34 Algeria Composite Bearings Market Share, By Material, By Value, 2019-2029
- Table 35 Algeria Composite Bearings Market Share, By Application , By Value, 2019-2029
- Table 36 Algeria Composite Bearings Market Share, By End Use Industry, By Value, 2019-2029
- Table 37 Nigeria Composite Bearings Market Size, By Value (USD Million), 2019-2029
- Table 38 Nigeria Composite Bearings Market Share, By Product, By Value, 2019-2029
- Table 39 Nigeria Composite Bearings Market Share, By Material, By Value, 2019-2029
- Table 40 Nigeria Composite Bearings Market Share, By Application , By Value, 2019-2029
- Table 41 Nigeria Composite Bearings Market Share, By End Use Industry, By Value, 2019-2029
- Table 42 Rest of Middle East & Africa Composite Bearings Market Size, By Value (USD Million), 2019-2029
- Table 43 Rest of Middle East & Africa Composite Bearings Market Share, By Product, By Value, 2019-2029
- Table 44 Rest of Middle East & Africa Composite Bearings Market Share, By Material, By Value, 2019-2029
- Table 45 Rest of Middle East & Africa Composite Bearings Market Share, By Application , By Value, 2019-2029
- Table 46 Rest of Middle East & Africa Composite Bearings Market Share, By End Use Industry, By Value, 2019-2029
- Table 47 GGB Bearing Technology Company Overview
- Table 48 GGB Bearing Technology Financial Overview
- Table 49 Trelleborg Sealing Solutions Company Overview
- Table 50 Trelleborg Sealing Solutions Financial Overview
- Table 51 Schaeffler AG Company Overview
- Table 52 Schaeffler AG Financial Overview
- Table 53 Rexnord Corporation Company Overview
- Table 54 Rexnord Corporation Financial Overview
- Table 55 NTN Corporation Company Overview
- Table 56 NTN Corporation Financial Overview
- Table 57 RBC Bearings Incorporated Company Overview
- Table 58 RBC Bearings Incorporated Financial Overview
- Table 59 H4 Marine Limited Company Overview
- Table 60 H4 Marine Limited Financial Overview
- Table 61 Daido Metal Co., Ltd. Company Overview
- Table 62 Daido Metal Co., Ltd. Financial Overview
- Table 63 AST Bearings LLC Company Overview
- Table 64 AST Bearings LLC Financial Overview
- Table 65 NSK Ltd. Company Overview
- Table 66 NSK Ltd. Financial Overview
- Table 67 Saint-Gobain Performance Plastics Company Overview
- Table 68 Saint-Gobain Performance Plastics Financial Overview
- Table 69 Igus GmbH Company Overview
- Table 70 Igus GmbH Financial Overview
- Table 71 Polygon Company Overview
- Table 72 Polygon Company Financial Overview
- Table 73 Oiles Corporation Company Overview
- Table 74 Oiles Corporation Financial Overview
- Table 75 The Timken Company Overview
- Table 76 The Timken Company Financial Overview
