Global Plain Bearing Market Key Finding, Market Impact, Latest Trends Analysis, Progression Status, Revenue and Forecast to 2030

Plain Bearing Market size was valued at USD 15.52 Bn. in 2023 and the total revenue is expected to grow at a CAGR of 4.43% through 2024 to 2030, reaching nearly USD 21.03 Bn. Plain Bearing Market Dynamics Major driving factors of the market are plain bearings which work efficiently in the heavily loaded system, increasing industrialization in developing countries, rising demand for motor vehicles across globally, increasing need for wind power generation, and rising technological advancements. Plain bearings have features such as light in weight, required less maintenance, high load carrying capacity, longer life, and high reliability. These factors are also propelling the market. Smart bearings are estimated to provide new opportunities for the plain bearing market in the forecast period.