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Download Free sampleThe global Composite Bearings market was valued at 3414.7 Million USD in 2021 and will grow with a CAGR of 4.36% from 2021 to 2027, based on Research newly published report.
The prime objective of Composite Bearings Market is to provide the insights on the post COVID-19 impact wwhich will help market players in this field evaluate their business approaches. Also, Composite Bearings Market covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).
The composite bearings, by product type, is further segmented into metal matrix and fiber matrix. The metal matrix based composite bearings comprise a major market share owing to their high strength, operational stability in harsh environments and moderate cost. Due to these properties, metal matrix based composite bearings are used in applications including construction & mining, agriculture and automotive, and others.The major applications in the composite bearings market include construction & mining, automotive, agriculture, aerospace, marine, and others. The agriculture application is the fastest growing application in the composite bearings market. Composite bearings offer various features including being light in weight, dimensional stability and resistance against corrosion, and operational stability at high temperatures in comparison to traditional materials such as single metal bearings, due to which, the usage of composite bearings in the marine, construction & mining and aerospace industries is growing at a high rate.
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