Middle East & Africa Plain Bearings Market Forecast to 2031 - Regional Analysis - by Product Type, Spherical Bearings, Rod Ends, and Application

Description

List of Tables

The Middle East & Africa plain bearings market was valued at US$ 1,079.02 million in 2023 and is expected to reach US$ 1,543.40 million by 2031; it is estimated to register a CAGR of 4.6% from 2023 to 2031.

Emergence of Innovative Eco-Friendly Plain Bearings Bolster Middle East & Africa Plain Bearings Market

Several key players in the market are developing advanced spherical bearings for automotive and industrial applications. For instance, in November 2023, Igus, specializing in motion plastics, launched the ECO P210 Plain Bearing Series. This ECO P210 plain bearing is chemical-resistant and has a wide range of applications in various industrial machines, including agitators, filtration devices, laboratory mills, and car washes. Such introductions of innovative plain bearings by key players operating in the market is likely to bring in new trends in the market.

Middle East & Africa Plain Bearings Market Overview

The Middle East & Africa is expected to witness a moderate growth rate in the plain bearings market during the forecast period. Market growth in this region owing to is ascribed to industries such as oil & gas, automotive, manufacturing, and aerospace in the UAE, Saudi Arabia, South Africa, and Rest of the Middle East & Africa. Over the past few years, governments of Middle Eastern countries have been focusing on strengthening their nonoil GDP contributions. Thus, the UAE and Saudi Arabia are concentrating on the development of industries such as construction, manufacturing, mining, and renewable energy by rolling out supportive government policies and taking initiatives to cater to the rising power demand using clean energy sources-in turn contributing to a reduction in dependency on conventional fuels. In June 2022, a Saudi Arabian energy company signed an agreement with the Egyptian government with a project cost worth US$ 1.5 billion to develop a major wind project in Egypt. The facility would be built with a capacity of 1.1 GW of wind power upon completion, providing electricity to more than 1 million homes. Morocco, Egypt, and South Africa have successfully harnessed their wind potential and attracted private capital to set up wind parks. Such developments in wind energy installation are expected to fuel the demand for plain bearings in wind turbine applications in the region.

The growing number of passenger cars and commercial vehicles on the road and the increasing adoption of electric vehicles are among the positive trends in the automotive sector in the Middle East & Africa, which benefit the plain bearings market. In January 2023, BMW announced the establishment of a car manufacturing plant in Africa. It marks a significant development in the automotive industry, reflecting its commitment to expanding its presence in the region. The significant investment of US$ 150 million underlines the dedication efforts of BMW to foster the growth potential of the African automotive sector. Thus, the upscaling vehicle production operations and rising investments by automotive players are expected to create ample opportunities for the plain bearings market growth in the Middle East & Africa from 2023 to 2031.

Middle East & Africa Plain Bearings Market Revenue and Forecast to 2031 (US$ Million)

Middle East & Africa Plain Bearings Market Segmentation

The Middle East & Africa plain bearings market is categorized into product type, application, and country.

Based on product type, the Middle East & Africa plain bearings market is segmented into spherical bearings, rod ends, and bushings. The spherical bearings segment held the largest Middle East & Africa plain bearings market share in 2023.

In terms of application, the Middle East & Africa plain bearings market is segmented into agriculture, construction, industrial vehicles, automotive and transportation, aerospace and defense, energy and power, and others. The automotive and transportation segment held the largest Middle East & Africa plain bearings market share in 2023.

By country, the Middle East & Africa plain bearings market is segmented into South Africa, the UAE, Saudi Arabia, and the Rest of Middle East & Africa. Saudi Arabia dominated the Middle East & Africa plain bearings market share in 2023.

Rheinmetall AG, RBC Bearings Incorporated, The Timken Co, SKF AB, and Regal Rexnord Corp are some of the leading companies operating in the Middle East & Africa plain bearings market.

Product Code: BMIRE00031842

1. Introduction

1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation

2. Executive Summary

2.1 Key Insights
2.2 Market Attractiveness

3. Research Methodology

3.1 Secondary Research
3.2 Primary Research
- 3.2.1 Hypothesis formulation:
- 3.2.2 Macro-economic factor analysis:
- 3.2.3 Developing base number:
- 3.2.4 Data Triangulation:
- 3.2.5 Country level data:

4. Middle East & Africa Plain Bearings Market Landscape

4.1 Overview
4.2 Ecosystem Analysis
- 4.2.1 Raw Material Suppliers
- 4.2.2 Plain Bearings Manufacturers
- 4.2.3 End Users

5. Middle East & Africa Plain Bearings Market - Key Market Dynamics

5.1 Market Drivers
- 5.1.1 Growing Need of Plain Bearings in Several Industrial Applications
- 5.1.2 Increasing Investments in Railway and Aerospace & Defense Sectors
5.2 Market Restraints
- 5.2.1 Fluctuating Raw Material Prices
5.3 Market Opportunities
- 5.3.1 Increasing Investments in Infrastructure Development Projects in Energy & Power Sector
5.4 Future Trends
- 5.4.1 Emergence of Innovative Eco-Friendly Plain Bearings
5.5 Impact of Drivers and Restraints:

6. Plain Bearings Market - Middle East & Africa Market Analysis

6.1 Middle East & Africa Plain Bearings Market Revenue (US$ Million), 2021-2031
6.2 Middle East & Africa Plain Bearings Market Forecast Analysis

7. Middle East & Africa Plain Bearings Market Analysis - by Product Type

7.1 Spherical Bearings
- 7.1.1 Overview
- 7.1.2 Spherical Bearings: Plain Bearings Market - Revenue and Forecast to 2031 (US$ Million)
- 7.1.3 Spherical Bearings, by Type
7.2 Rod Ends
- 7.2.1 Overview
- 7.2.2 Rod Ends: Plain Bearings Market - Revenue and Forecast to 2031 (US$ Million)
- 7.2.3 Rod End, by Type
7.3 Bushings
- 7.3.1 Overview
- 7.3.2 Bushings: Plain Bearings Market - Revenue and Forecast to 2031 (US$ Million)

8. Middle East & Africa Plain Bearings Market Analysis - by Application

8.1 Agriculture
- 8.1.1 Overview
- 8.1.2 Agriculture: Plain Bearings Market - Revenue and Forecast to 2031 (US$ Million)
8.2 Construction
- 8.2.1 Overview
- 8.2.2 Construction: Plain Bearings Market - Revenue and Forecast to 2031 (US$ Million)
8.3 Industrial Vehicles
- 8.3.1 Overview
- 8.3.2 Industrial Vehicles: Plain Bearings Market - Revenue and Forecast to 2031 (US$ Million)
8.4 Automotive and Transportation
- 8.4.1 Overview
- 8.4.2 Automotive and Transportation: Plain Bearings Market - Revenue and Forecast to 2031 (US$ Million)
8.5 Aerospace and Defense
- 8.5.1 Overview
- 8.5.2 Aerospace and Defense: Plain Bearings Market - Revenue and Forecast to 2031 (US$ Million)
8.6 Energy and Power
- 8.6.1 Overview
8.7 Others
- 8.7.1 Overview
- 8.7.2 Others: Plain Bearings Market - Revenue and Forecast to 2031 (US$ Million)

9. Middle East & Africa Plain Bearings Market - Country Analysis

9.1 Middle East and Africa
- 9.1.1 Middle East and Africa: Plain Bearings Market Breakdown, by Key Countries, 2023 and 2031 (%)
  - 9.1.1.1 Middle East and Africa: Plain Bearings Market - Revenue and Forecast Analysis - by Country
  - 9.1.1.2 South Africa: Plain Bearings Market - Revenue and Forecast to 2031 (US$ Million)
    - 9.1.1.2.1 South Africa: Plain Bearings Market Breakdown, by Product Type
      - 9.1.1.2.1.1 South Africa: Plain Bearings Market Breakdown, by Spherical Bearings
      - 9.1.1.2.1.2 South Africa: Plain Bearings Market Breakdown, by Rod Ends
    - 9.1.1.2.2 South Africa: Plain Bearings Market Breakdown, by Application
  - 9.1.1.3 Saudi Arabia: Plain Bearings Market - Revenue and Forecast to 2031 (US$ Million)
    - 9.1.1.3.1 Saudi Arabia: Plain Bearings Market Breakdown, by Product Type
      - 9.1.1.3.1.1 Saudi Arabia: Plain Bearings Market Breakdown, by Spherical Bearings
      - 9.1.1.3.1.2 Saudi Arabia: Plain Bearings Market Breakdown, by Rod Ends
    - 9.1.1.3.2 Saudi Arabia: Plain Bearings Market Breakdown, by Application
  - 9.1.1.4 UAE: Plain Bearings Market - Revenue and Forecast to 2031 (US$ Million)
    - 9.1.1.4.1 UAE: Plain Bearings Market Breakdown, by Product Type
      - 9.1.1.4.1.1 UAE: Plain Bearings Market Breakdown, by Spherical Bearings
      - 9.1.1.4.1.2 UAE: Plain Bearings Market Breakdown, by Rod Ends
    - 9.1.1.4.2 UAE: Plain Bearings Market Breakdown, by Application
  - 9.1.1.5 Rest of Middle East and Africa: Plain Bearings Market - Revenue and Forecast to 2031 (US$ Million)
    - 9.1.1.5.1 Rest of Middle East and Africa: Plain Bearings Market Breakdown, by Product Type
      - 9.1.1.5.1.1 Rest of Middle East and Africa: Plain Bearings Market Breakdown, by Spherical Bearings
      - 9.1.1.5.1.2 Rest of Middle East and Africa: Plain Bearings Market Breakdown, by Rod Ends
    - 9.1.1.5.2 Rest of Middle East and Africa: Plain Bearings Market Breakdown, by Application

10. Competitive Landscape

10.1 Heat Map Analysis by Key Players
10.2 Company Positioning & Concentration

11. Industry Landscape

11.1 Overview
11.2 Market Initiative
11.3 Mergers & Acquisitions

12. Company Profiles

12.1 Rheinmetall AG
- 12.1.1 Key Facts
- 12.1.2 Business Description
- 12.1.3 Products and Services
- 12.1.4 Financial Overview
- 12.1.5 SWOT Analysis
- 12.1.6 Key Developments
12.2 RBC Bearings Incorporated
- 12.2.1 Key Facts
- 12.2.2 Business Description
- 12.2.3 Products and Services
- 12.2.4 Financial Overview
- 12.2.5 SWOT Analysis
- 12.2.6 Key Developments
12.3 The Timken Co
- 12.3.1 Key Facts
- 12.3.2 Business Description
- 12.3.3 Products and Services
- 12.3.4 Financial Overview
- 12.3.5 SWOT Analysis
- 12.3.6 Key Developments
12.4 SKF AB
- 12.4.1 Key Facts
- 12.4.2 Business Description
- 12.4.3 Products and Services
- 12.4.4 Financial Overview
- 12.4.5 SWOT Analysis
- 12.4.6 Key Developments
12.5 Regal Rexnord Corp
- 12.5.1 Key Facts
- 12.5.2 Business Description
- 12.5.3 Products and Services
- 12.5.4 Financial Overview
- 12.5.5 SWOT Analysis
- 12.5.6 Key Developments

13. Appendix

13.1 About The Insight Partners