Asia Pacific Plain Bearings Market Forecast to 2031 - Regional Analysis - by Product Type, Spherical Bearings, Rod Ends, and Application

List of Tables

The Asia Pacific plain bearings market was valued at US$ 3,332.84 million in 2023 and is expected to reach US$ 5,358.23 million by 2031; it is estimated to register a CAGR of 6.1% from 2023 to 2031.

Increasing Investments in Infrastructure Development Projects in Energy & Power Sector Boost Asia Pacific Plain Bearings Market

Plain bearings are used in infrastructure developments such as dams, rolling stock, water gates, hydropower, and wind power projects. A wind turbine consists of several bearings, including plain bearings, that provide relative movement between several adjacent parts. Plain bearing offers a low-friction manner and offer higher efficiency. According to the International Energy Agency Report in 2023, nearly US$ 2.8 trillion was invested in the energy sector in 2023. Of these, over US$ 1.7 trillion was invested in clean energy development projects, including renewable power, wind energy, grids, storage management, low-emission fuels, and efficiency improvements for electrification. Such rising investment in the energy sector across the world can create lucrative opportunities for the plain-bearing market growth during the forecast period.

Following Chart Shows Annual Clean Energy Investment by Major Countries/Regions:

Asia Pacific Plain Bearings Market Overview

The plain bearings market in Asia Pacific is segmented into China, India, Australia, Japan, South Korea, and the Rest of Asia Pacific. These countries have demonstrated a strong focus on the development of the construction sector in the past. A large population of Asia Pacific signifies a heightened demand for infrastructure construction. The region comprises several developing economies, including India and many other Southeast Asian countries, posing a strong demand for different infrastructure projects. Governments of various countries are adopting several ways to attract private investments in infrastructure development projects. In 2022, KKR, an investment firm, raised US$ 6.4 billion for infrastructure projects in Asia. In addition, in 2023, the Indonesian government announced the finalization of 190 National Strategic Projects (PSN) worth US$ 95 million. This project includes the construction of toll roads, dams, and airports, among others. In 2024, the Philippine Department of Public Works and Highways (DPWH) declared the completion of a road infrastructure project. According to the United Nations Economic and Social Commission for Asia and the Pacific Survey, Asia Pacific plans to invest more than US$ 196 billion annually in road transportation infrastructure development. Increasing investments in residential, commercial, and infrastructure construction projects are boosting the demand for construction machines, which is boosting the growth of plain bearings in the region.

The demand for plain bearings is growing at the fastest pace in the industrial sector in Asia Pacific. China is a frontrunner in the fabrication business of plain bearings for the residential and commercial sectors. The country has demonstrated its importance as both a consumer and producer of plain bearings. The country is witnessing an upsurge in high-quality plain bearings, ensuring that they are functional and durable. India, Indonesia, and Vietnam are among other significant contributors to the plain bearings demand growth in Asia Pacific. The market growth in this region I primarily attributed to a wide range of income levels and the rapidly growing middle class.

The flourishing aerospace, military and defense, and technology sectors also favor the market in Asia Pacific. The region has seen heavy imports of modern commercial aircraft in recent years due to the increasing number of international travelers from countries such as India, China, Japan, and Taiwan. The number of airports in the region is also on the rise, which, in turn, boosts the demand for plain bearings from airline companies. The agricultural and wood products business are among other enablers of the plain bearings market in Asia Pacific. China has demonstrated its importance as both a consumer and producer of agriculture and forest products. Plain bearings are essential in sawmill machinery.

Asia Pacific Plain Bearings Market Revenue and Forecast to 2031 (US$ Million)

Asia Pacific Plain Bearings Market Segmentation

The Asia Pacific plain bearings market is categorized into product type, application, and country.

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

In terms of application, the Asia Pacific 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 Asia Pacific plain bearings market share in 2023.

By country, the Asia Pacific plain bearings market is segmented into Australia, China, Japan, India, South Korea, and the Rest of Asia Pacific. China dominated the Asia Pacific plain bearings market share in 2023.

Rheinmetall AG, RBC Bearings Incorporated, The Timken Co, NTN Corp, SKF AB, Regal Rexnord Corp, and DAIDO METAL CO., LTD. are some of the leading companies operating in the Asia Pacific plain bearings market.

Product Code: BMIRE00031841

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. Asia Pacific 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. Asia Pacific 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 - Asia Pacific Market Analysis

6.1 Asia Pacific Plain Bearings Market Revenue (US$ Million), 2021-2031
6.2 Asia Pacific Plain Bearings Market Forecast Analysis

7. Asia Pacific 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. Asia Pacific 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. Asia Pacific Plain Bearings Market - Country Analysis

9.1 Asia Pacific
- 9.1.1 Asia Pacific: Plain Bearings Market - Revenue and Forecast Analysis - by Country
  - 9.1.1.1 Asia Pacific: Plain Bearings Market - Revenue and Forecast Analysis - by Country
  - 9.1.1.2 Australia: Plain Bearings Market - Revenue and Forecast to 2031 (US$ Million)
    - 9.1.1.2.1 Australia: Plain Bearings Market Breakdown, by Product Type
      - 9.1.1.2.1.1 Australia: Plain Bearings Market Breakdown, by Spherical Bearings
      - 9.1.1.2.1.2 Australia: Plain Bearings Market Breakdown, by Rod Ends
    - 9.1.1.2.2 Australia: Plain Bearings Market Breakdown, by Application
  - 9.1.1.3 China: Plain Bearings Market - Revenue and Forecast to 2031 (US$ Million)
    - 9.1.1.3.1 China: Plain Bearings Market Breakdown, by Product Type
      - 9.1.1.3.1.1 China: Plain Bearings Market Breakdown, by Spherical Bearings
      - 9.1.1.3.1.2 China: Plain Bearings Market Breakdown, by Rod Ends
    - 9.1.1.3.2 China: Plain Bearings Market Breakdown, by Application
  - 9.1.1.4 India: Plain Bearings Market - Revenue and Forecast to 2031 (US$ Million)
    - 9.1.1.4.1 India: Plain Bearings Market Breakdown, by Product Type
      - 9.1.1.4.1.1 India: Plain Bearings Market Breakdown, by Spherical Bearings
      - 9.1.1.4.1.2 India: Plain Bearings Market Breakdown, by Rod Ends
    - 9.1.1.4.2 India: Plain Bearings Market Breakdown, by Application
  - 9.1.1.5 Japan: Plain Bearings Market - Revenue and Forecast to 2031 (US$ Million)
    - 9.1.1.5.1 Japan: Plain Bearings Market Breakdown, by Product Type
      - 9.1.1.5.1.1 Japan: Plain Bearings Market Breakdown, by Spherical Bearings
      - 9.1.1.5.1.2 Japan: Plain Bearings Market Breakdown, by Rod Ends
    - 9.1.1.5.2 Japan: Plain Bearings Market Breakdown, by Application
  - 9.1.1.6 South Korea: Plain Bearings Market - Revenue and Forecast to 2031 (US$ Million)
    - 9.1.1.6.1 South Korea: Plain Bearings Market Breakdown, by Product Type
      - 9.1.1.6.1.1 South Korea: Plain Bearings Market Breakdown, by Spherical Bearings
      - 9.1.1.6.1.2 South Korea: Plain Bearings Market Breakdown, by Rod Ends
    - 9.1.1.6.2 South Korea: Plain Bearings Market Breakdown, by Application
  - 9.1.1.7 Rest of Asia Pacific: Plain Bearings Market - Revenue and Forecast to 2031 (US$ Million)
    - 9.1.1.7.1 Rest of Asia Pacific: Plain Bearings Market Breakdown, by Product Type
      - 9.1.1.7.1.1 Rest of Asia Pacific: Plain Bearings Market Breakdown, by Spherical Bearings
      - 9.1.1.7.1.2 Rest of Asia Pacific: Plain Bearings Market Breakdown, by Rod Ends
    - 9.1.1.7.2 Rest of Asia Pacific: 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 NTN Corp
- 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 SKF AB
- 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
12.6 Regal Rexnord Corp
- 12.6.1 Key Facts
- 12.6.2 Business Description
- 12.6.3 Products and Services
- 12.6.4 Financial Overview
- 12.6.5 SWOT Analysis
- 12.6.6 Key Developments
12.7 DAIDO METAL CO., LTD.
- 12.7.1 Key Facts
- 12.7.2 Business Description
- 12.7.3 Products and Services
- 12.7.4 Financial Overview
- 12.7.5 SWOT Analysis
- 12.7.6 Key Developments

13. Appendix

13.1 About The Insight Partners