Plain Bearing Market The plain bearing market is anticipated to achieve a valuation of USD 12,019.3 million in 2023, with projections indicating it will reach USD 20,850.8 million by 2033. This represents a compound annual growth rate (CAGR) of 5.7% over the forecast period. Prominent Sectors in the Global Market Several end-use industries drive the demand for plain bearings, including automotive, construction, aerospace, …
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Plain Bearing Market 2022 by Global Key Players, Types, Applications, Countries, Industry Size and Forecast to 2032
According to FMI’s plain bearing industry study, the global market would be worth US$ 10 billion in 2021 and US$ 17 billion by 2032, with a modest CAGR of 5% over the projected period. The industry is being propelled forward by the rise of plain-bearing applications. Increased infrastructure spending, developing technological projects, and heavy machinery …