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Report
Oceania and Asian Plain Bearing Market Research Report Forecast to 2032
Market Report I 2024-04-02 I 116 Pages I Market Research Future
Oceania and Asian Plain Bearing Market Research Report Forecast to 2032
Market Overview
The Plain Bearing market in Oceania and ASEAN, with a 2022 valuation of $ 1,458.9 million, is poised for significant growth during the forecast period, reflecting a promising CAGR of 5.2%. This growth trajectory is underpinned by key drivers such as rapid industrialization, sustainability necessities, and the expanding automotive sector.
However, the market landscape is marked by intense competition among domestic and international players. Manufacturers continually differentiate their products through technological advancements and superior quality. Economic fluctuations and uncertainties, including currency exchange rates and geopolitical events, can influence industry purchasing power, subsequently impacting the demand for plain bearings.
Amid the prevailing challenges, opportunities emerge. Ongoing and planned infrastructure development projects in Oceania and ASEAN present a promising avenue for the plain bearing market. Construction activities, including the development of roads, bridges, and other infrastructure, drive the demand for machinery equipped with reliable plain bearings.
Additionally, the integration of digital technologies and the adoption of Industry 4.0 practices open new horizons. Smart bearings, equipped with sensors for condition monitoring and predictive maintenance, gain traction, offering efficiency improvements and cost savings to industries navigating the digital era.
Market Segmentation
The OCEANIA and ASEAN Plain Bearing market is segmented, based on type, into Journal, Linear, Thurst, Angular Contact, and Others.
The OCEANIA and ASEAN Plain Bearing market is segmented, based on End Use, into Automotive, Industrial, Aerospace, Energy, Construction Machinery, Agriculture and Gardening, Equipment, Oilfield Machinery, and Others.
The global market is segmented, based on region, into Oceania and ASEAN.
Major Players
The major market players are Osaka (Japan), Gothenburg (Sweden), Herzogenaurach (Germany), Ohio (United States), Tokyo (Japan), Wellsford (New Zealand), Connecticut (US), Dettingen an der Erms (Germany), Wisconsin (US), Sigmaringendorf (Germany), Saint-Gobain (France), Daido Metal Company Ltd (Japan), Oiles Corporation (Japan), Igus (Germany), SBS - Singa Bearings Solutions (Singapore), SLS Bearings (Singapore), and Federal-Mogul DEVA GmbH (Germany).
TABLE OF CONTENTS
1 EXECUTIVE SUMMARY 13
1.1 MARKET ATTRACTIVENESS ANALYSIS 14
1.1.1 GLOBAL OCEANIA AND ASEAN PLAIN BEARING MARKET, BY TYPE 14
1.1.2 GLOBAL OCEANIA AND ASEAN PLAIN BEARING MARKET, BY END USE 15
2 MARKET INTRODUCTION 16
2.1 DEFINITION 16
2.2 SCOPE OF THE STUDY 16
2.3 RESEARCH OBJECTIVE 16
2.4 MARKET STRUCTURE 17
3 RESEARCH METHODOLOGY 18
3.1 DATA MINING 18
3.2 SECONDARY RESEARCH 19
3.3 PRIMARY RESEARCH 19
3.3.1 PRIMARY INTERVIEWS AND INFORMATION GATHERING PROCESS 20
3.3.2 BREAKDOWN OF PRIMARY RESPONDENTS 20
3.4 RESEARCH METHODOLOGY FOR MARKET SIZE ESTIMATION 22
3.4.1 BOTTOM-UP APPROACH 23
3.4.2 TOP-DOWN APPROACH 23
3.5 DATA VALIDATION 24
3.6 ASSUMPTIONS & LIMITATIONS 24
4 MARKET DYNAMICS 25
4.1 INTRODUCTION 25
4.2 DRIVERS 27
4.2.1 INDUSTRIALIZATION ACCELERATION 27
4.2.2 SUSTAINABILITY FOCUS 27
4.2.3 AUTOMOTIVE SECTOR EXPANSION 28
4.3 RESTRAINT 29
4.3.1 INTENSE MARKET COMPETITION 29
4.4 OPPORTUNITIES 30
4.4.1 INFRASTRUCTURE DEVELOPMENT 30
4.4.2 DIGITAL INTEGRATION (INDUSTRY 4.0) 30
4.5 CHALLENGES 31
4.5.1 ECONOMIC FLUCTUATIONS 31
5 MARKET FACTOR ANALYSIS 32
5.1 VALUE CHAIN ANALYSIS 32
5.1.1 RAW MATERIAL PROCUREMENT 33
5.1.2 PROCESSING 33
5.1.3 PACKAGING 33
5.2 SUPPLY CHAIN ANALYSIS 34
5.2.1 RAW MATERIAL SOURCING 34
5.2.2 DESIGNING 35
5.2.3 MANUFACTURING 35
5.2.4 DISTRIBUTION 35
5.2.5 END USER 36
5.3 PORTER'S FIVE FORCES MODEL 37
5.3.1 BARGAINING POWER OF SUPPLIERS 37
5.3.2 BARGAINING POWER OF BUYERS 38
5.3.3 THREAT OF NEW ENTRANTS 38
5.3.4 THREAT OF SUBSTITUTES 39
5.3.5 INTENSITY OF RIVALRY 39
5.4 IMPACT OF CORONAVIRUS OUTBREAK ON GLOBAL MARKET 40
5.4.1 IMPACT ON PRODUCTION 40
5.4.2 IMPACT ON CONSUMER BUYING BEHAVIOUR 40
5.4.3 IMPACT OF COVID-19 ON SUPPLY CHAIN 41
5.4.4 IMPACT ON PRICING 41
6 OCEANIA AND ASEAN PLAIN BEARING MARKET, BY TYPE 42
6.1 INTRODUCTION 42
6.2 JOURNAL 43
6.3 LINEAR 43
6.4 THURST 43
6.5 ANGULAR CONTACT 44
6.6 OTHERS 44
7 GLOBAL OCEANIA AND ASEAN PLAIN BEARING MARKET, BY END USE 45
7.1 INTRODUCTION 45
7.2 AUTOMOTIVE 46
7.3 INDUSTRIAL 46
7.4 AEROSPACE 47
7.5 ENERGY 47
7.6 CONSTRUCTION MACHINERY 47
7.7 AGRICULTURE AND GARDENING EQUIPMENT 47
7.8 OILFIELD MACHINERY 47
7.9 OTHERS 48
8 OCEANIA AND ASEAN PLAIN BEARING MARKET, BY REGION 49
8.1 INTRODUCTION 49
8.2 OCEANIA 50
8.2.1 AUSTRALIA 53
8.2.2 NEW ZEALAND 54
8.2.3 REST OF OCEANIA 55
8.3 ASEAN 56
8.3.1 INDONESIA 59
8.3.2 MALAYSIA 60
8.3.3 MYANMAR 61
8.3.4 SINGAPORE 62
8.3.5 PHILIPPINESN 63
8.3.6 THAILAND 64
8.3.7 VIETNAM 65
8.3.8 REST OF ASEAN 66
9 COMPETITIVE LANDSCAPE 67
9.1 COMPETITIVE OVERVIEW 67
9.2 COMPETITIVE BENCHMARKING 68
9.3 KEY PLAYERS MARKET SHARE ANALYSIS 69
9.4 KEY DEVELOPMENTS & GROWTH STRATEGIES 69
9.4.1 PARTNERSHIP, AGREEMENT AND COLLABORATION 69
9.4.2 EXPANSION 69
10 COMPANY PROFILES 70
10.1 NTN CORPORATION 70
10.1.1 COMPANY OVERVIEW 70
10.1.2 FINANCIAL OVERVIEW 70
10.1.3 PRODUCTS OFFERED 71
10.1.4 SWOT ANALYSIS 71
10.1.5 KEY STRATEGY 72
10.2 SKF GROUP 73
10.2.1 COMPANY OVERVIEW 73
10.2.2 FINANCIAL OVERVIEW 74
10.2.3 PRODUCTS OFFERED 75
10.2.4 KEY DEVELOPMENTS 75
10.2.5 SWOT ANALYSIS 76
10.2.6 KEY STRATEGY 76
10.3 SCHAEFFLER GROUP 77
10.3.1 COMPANY OVERVIEW 77
10.3.2 FINANCIAL OVERVIEW 78
10.3.3 PRODUCTS OFFERED 78
10.3.4 SWOT ANALYSIS 79
10.3.5 KEY STRATEGY 79
10.4 TIMKEN COMPANY 80
10.4.1 COMPANY OVERVIEW 80
10.4.2 FINANCIAL OVERVIEW 81
10.4.3 PRODUCTS OFFERED 81
10.4.4 SWOT ANALYSIS 82
10.4.5 KEY STRATEGY 82
10.5 THK CO., LTD. 83
10.5.1 COMPANY OVERVIEW 83
10.5.2 FINANCIAL OVERVIEW 84
10.5.3 PRODUCTS OFFERED 84
10.5.4 SWOT ANALYSIS 85
10.5.5 KEY STRATEGY 85
10.6 ALLOY BEARINGS 86
10.6.1 COMPANY OVERVIEW 86
10.6.2 PRODUCTS OFFERED 86
10.6.3 KEY DEVELOPMENTS 86
10.6.4 SWOT ANALYSIS 87
10.6.5 KEY STRATEGY 87
10.7 RBC BEARINGS INC. 88
10.7.1 COMPANY OVERVIEW 88
10.7.2 FINANCIAL OVERVIEW 88
10.7.3 PRODUCTS OFFERED 89
10.7.4 KEY DEVELOPMENTS 89
10.7.5 SWOT ANALYSIS 90
10.7.6 KEY STRATEGY 90
10.8 ELRINGKLINGER AG 91
10.8.1 COMPANY OVERVIEW 91
10.8.2 FINANCIAL OVERVIEW 92
10.8.3 PRODUCTS OFFERED 92
10.8.4 SWOT ANALYSIS 93
10.8.5 KEY STRATEGY 93
10.9 REGAL REXNORD CORPORATION 94
10.9.1 COMPANY OVERVIEW 94
10.9.2 FINANCIAL OVERVIEW 94
10.9.3 PRODUCTS OFFERED 95
10.9.4 SWOT ANALYSIS 95
10.9.5 KEY STRATEGY 95
10.10 ZOLLERN GMBH & CO. KG 96
10.10.1 COMPANY OVERVIEW 96
10.10.2 PRODUCTS OFFERED 96
10.10.3 KEY DEVELOPMENTS 96
10.10.4 SWOT ANALYSIS 97
10.10.5 KEY STRATEGY 97
10.11 SAINT-GOBAIN (CERTAINTEED CORPORATION) 98
10.11.1 COMPANY OVERVIEW 98
10.11.2 FINANCIAL OVERVIEW 99
10.11.3 PRODUCTS OFFERED 99
10.11.4 KEY DEVELOPMENTS 100
10.11.5 SWOT ANALYSIS 100
10.11.6 KEY STRATEGY 100
10.12 DAIDO METAL CO., LTD. 101
10.12.1 COMPANY OVERVIEW 101
10.12.2 FINANCIAL OVERVIEW 102
10.12.3 PRODUCTS OFFERED 102
10.12.4 SWOT ANALYSIS 103
10.12.5 KEY STRATEGY 103
10.13 OILES CORPORATION 104
10.13.1 COMPANY OVERVIEW 104
10.13.2 FINANCIAL OVERVIEW 105
10.13.3 PRODUCTS OFFERED 105
10.13.4 SWOT ANALYSIS 106
10.13.5 KEY STRATEGY 106
10.14 IGUS 107
10.14.1 COMPANY OVERVIEW 107
10.14.2 PRODUCTS OFFERED 107
10.14.3 SWOT ANALYSIS 108
10.14.4 KEY STRATEGY 108
10.15 SBS - SINGA BEARINGS SOLUTIONS 109
10.15.1 COMPANY OVERVIEW 109
10.15.2 PRODUCTS OFFERED 110
10.15.3 SWOT ANALYSIS 110
10.15.4 KEY STRATEGY 110
10.16 SLS BEARINGS (S) PTE LTD 111
10.16.1 COMPANY OVERVIEW 111
10.16.2 PRODUCTS OFFERED 111
10.16.3 SWOT ANALYSIS 112
10.16.4 KEY STRATEGY 112
10.17 FEDERAL-MOGUL DEVA GMBH 113
10.17.1 COMPANY OVERVIEW 113
10.17.2 PRODUCTS OFFERED 113
10.17.3 SWOT ANALYSIS 114
10.17.4 KEY STRATEGY 114
LIST OF TABLES
TABLE 1 MARKET SYNOPSIS 13
TABLE 2 LIST OF ASSUMPTIONS 24
TABLE 3 OCEANIA AND ASEAN PLAIN BEARING MARKET, BY TYPE, 2018-2032 (USD MILLION) 43
TABLE 4 OCEANIA AND ASEAN PLAIN BEARING MARKET, BY END USE, 2018-2032 (USD MILLION) 46
TABLE 5 OCEANIA AND ASEAN PLAIN BEARING MARKET, BY REGION, 2018-2032 (USD MILLION) 49
TABLE 6 OCEANIA AND ASEAN PLAIN BEARING MARKET, BY COUNTRY, 2019 TO 2032 (USD MILLION) 51
TABLE 7 OCEANIA AND ASEAN PLAIN BEARING MARKET, BY TYPE, 2018-2032 (USD MILLION) 52
TABLE 8 OCEANIA AND ASEAN PLAIN BEARING MARKET, BY END USE, 2018-2032 (USD MILLION) 52
TABLE 9 AUSTRALIA OCEANIA AND ASEAN PLAIN BEARING MARKET, BY TYPE, 2018-2032 (USD MILLION) 53
TABLE 10 AUSTRALIA OCEANIA AND ASEAN PLAIN BEARING MARKET, BY END USE, 2018-2032 (USD MILLION) 53
TABLE 11 NEW ZEALAND OCEANIA AND ASEAN PLAIN BEARING MARKET, BY TYPE, 2018-2032 (USD MILLION) 54
TABLE 12 NEW ZEALAND OCEANIA AND ASEAN PLAIN BEARING MARKET, BY END USE, 2018-2032 (USD MILLION) 54
TABLE 13 REST OF OCEANIA OCEANIA AND ASEAN PLAIN BEARING MARKET, BY TYPE, 2018-2032 (USD MILLION) 55
TABLE 14 REST OF OCEANIA OCEANIA AND ASEAN PLAIN BEARING MARKET, BY END USE, 2018-2032 (USD MILLION) 55
TABLE 15 ASEAN: OCEANIA AND ASEAN PLAIN BEARING MARKET, BY COUNTRY, 2019 TO 2032 (USD MILLION) 57
TABLE 16 ASEAN OCEANIA AND ASEAN PLAIN BEARING MARKET, BY TYPE, 2018-2032 (USD MILLION) 58
TABLE 17 ASEAN OCEANIA AND ASEAN PLAIN BEARING MARKET, BY END USE, 2018-2032 (USD MILLION) 58
TABLE 18 INDONESIA OCEANIA AND ASEAN PLAIN BEARING MARKET, BY TYPE, 2018-2032 (USD MILLION) 59
TABLE 19 INDONESIA OCEANIA AND ASEAN PLAIN BEARING MARKET, BY END USE, 2018-2032 (USD MILLION) 59
TABLE 20 MALAYSIA OCEANIA AND ASEAN PLAIN BEARING MARKET, BY TYPE, 2018-2032 (USD MILLION) 60
TABLE 21 MALAYSIA OCEANIA AND ASEAN PLAIN BEARING MARKET, BY END USE, 2018-2032 (USD MILLION) 60
TABLE 22 MYANMAR OCEANIA AND ASEAN PLAIN BEARING MARKET, BY TYPE, 2018-2032 (USD MILLION) 61
TABLE 23 MYANMAR OCEANIA AND ASEAN PLAIN BEARING MARKET, BY END USE, 2018-2032 (USD MILLION) 61
TABLE 24 SINGAPORE OCEANIA AND ASEAN PLAIN BEARING MARKET, BY TYPE, 2018-2032 (USD MILLION) 62
TABLE 25 SINGAPORE OCEANIA AND ASEAN PLAIN BEARING MARKET, BY END USE, 2018-2032 (USD MILLION) 62
TABLE 26 PHILIPPINES OCEANIA AND ASEAN PLAIN BEARING MARKET, BY TYPE, 2018-2032 (USD MILLION) 63
TABLE 27 PHILIPPINES OCEANIA AND ASEAN PLAIN BEARING MARKET, BY END USE, 2018-2032 (USD MILLION) 63
TABLE 28 THAILAND OCEANIA AND ASEAN PLAIN BEARING MARKET, BY TYPE, 2018-2032 (USD MILLION) 64
TABLE 29 THAILAND OCEANIA AND ASEAN PLAIN BEARING MARKET, BY END USE, 2018-2032 (USD MILLION) 64
TABLE 30 VIETNAM OCEANIA AND ASEAN PLAIN BEARING MARKET, BY TYPE, 2018-2032 (USD MILLION) 65
TABLE 31 VIETNAM OCEANIA AND ASEAN PLAIN BEARING MARKET, BY END USE, 2018-2032 (USD MILLION) 65
TABLE 32 REST OF ASEAN OCEANIA AND ASEAN PLAIN BEARING MARKET, BY TYPE, 2018-2032 (USD MILLION) 66
TABLE 33 REST OF ASEAN OCEANIA AND ASEAN PLAIN BEARING MARKET, BY END USE, 2018-2032 (USD MILLION) 66
TABLE 34 PARTNERSHIP, AGREEMENT AND COLLABORATION 69
TABLE 35 EXPANSION 69
TABLE 36 NTN CORPORATION: PRODUCTS OFFERED 71
TABLE 37 SKF GROUP: PRODUCTS OFFERED 75
TABLE 38 SKF GROUP: KEY DEVELOPMENTS 75
TABLE 39 SCHAEFFLER GROUP: PRODUCTS OFFERED 78
TABLE 40 TIMKEN COMPANY: PRODUCTS OFFERED 81
TABLE 41 THK CO., LTD.: PRODUCTS OFFERED 84
TABLE 42 ALLOY BEARINGS: PRODUCTS OFFERED 86
TABLE 43 ALLOY BEARINGS: KEY DEVELOPMENTS 86
TABLE 44 RBC BEARINGS INC.: PRODUCTS OFFERED 89
TABLE 45 RBC BEARINGS INC.: KEY DEVELOPMENTS 89
TABLE 46 ELRINGKLINGER AG: PRODUCTS OFFERED 92
TABLE 47 REGAL REXNORD CORPORATION: PRODUCTS OFFERED 95
TABLE 48 ZOLLERN GMBH & CO. KG: PRODUCTS OFFERED 96
TABLE 49 ZOLLERN GMBH & CO. KG: KEY DEVELOPMENTS 96
TABLE 50 SAINT-GOBAIN: PRODUCTS OFFERED 99
TABLE 51 SAINT-GOBAIN: KEY DEVELOPMENTS 100
TABLE 52 DAIDO METAL CO., LTD.: PRODUCTS OFFERED 102
TABLE 53 OILES CORPORATION: PRODUCTS OFFERED 105
TABLE 54 SAINT-GOBAIN: PRODUCTS OFFERED 107
TABLE 55 SBS - SINGA BEARINGS SOLUTIONS: PRODUCTS OFFERED 110
TABLE 56 SLS BEARINGS (S) PTE LTD: PRODUCTS OFFERED 111
TABLE 57 FEDERAL-MOGUL DEVA GMBH: PRODUCTS OFFERED 113
LIST OF FIGURES
FIGURE 1 GLOBAL OCEANIA AND ASEAN PLAIN BEARING MARKET ANALYSIS BY TYPE 14
FIGURE 2 GLOBAL OCEANIA AND ASEAN PLAIN BEARING MARKET ANALYSIS BY END USE 15
FIGURE 3 OCEANIA AND ASEAN PLAIN BEARING MARKET: STRUCTURE 17
FIGURE 4 BOTTOM-UP AND TOP-DOWN APPROACHES 22
FIGURE 5 MARKET DYNAMIC ANALYSIS OF THE OCEANIA AND ASEAN PLAIN BEARING MARKET 26
FIGURE 6 DRIVER IMPACT ANALYSIS 28
FIGURE 7 RESTRAINT IMPACT ANALYSIS 29
FIGURE 8 VALUE CHAIN: OCEANIA & ASEAN PLAIN BEARING MARKET 32
FIGURE 9 SUPPLY CHAIN: OCEANIA & ASEAN PLAIN BEARING MARKET 34
FIGURE 10 PORTER'S FIVE FORCES MODEL: OCEANIA & ASEAN PLAIN BEARING MARKET 37
FIGURE 11 OCEANIA AND ASEAN PLAIN BEARING MARKET, BY TYPE, 2019 TO 2032 (USD MILLION) 42
FIGURE 12 OCEANIA AND ASEAN PLAIN BEARING MARKET, BY END USE, 2019 TO 2032 (USD MILLION) 45
FIGURE 13 OCEANIA AND ASEAN PLAIN BEARING MARKET, BY REGION, 2019 TO 2032 (USD MILLION) 49
FIGURE 14 OCEANIA AND ASEAN PLAIN BEARING MARKET SHARE, BY COUNTRY, 2022 (% SHARE) 51
FIGURE 15 ASEAN: OCEANIA AND ASEAN PLAIN BEARING MARKET SHARE, BY COUNTRY, 2022 (% SHARE) 57
FIGURE 16 BENCHMARKING OF MAJOR COMPETITORS 68
FIGURE 17 KEY PLAYERS MARKET SHARE ANALYSIS 69
FIGURE 18 NTN CORPORATION: FINANCIAL OVERVIEW SNAPSHOT 70
FIGURE 19 NTN CORPORATION: SWOT ANALYSIS 71
FIGURE 20 SKF GROUP: FINANCIAL OVERVIEW SNAPSHOT 74
FIGURE 21 SKF GROUP: SWOT ANALYSIS 76
FIGURE 22 SCHAEFFLER GROUP: FINANCIAL OVERVIEW SNAPSHOT 78
FIGURE 23 SCHAEFFLER GROUP: SWOT ANALYSIS 79
FIGURE 24 TIMKEN COMPANY: FINANCIAL OVERVIEW SNAPSHOT 81
FIGURE 25 TIMKEN COMPANY: SWOT ANALYSIS 82
FIGURE 26 THK CO., LTD.: FINANCIAL OVERVIEW SNAPSHOT 84
FIGURE 27 THK CO., LTD.: SWOT ANALYSIS 85
FIGURE 28 ALLOY BEARINGS: SWOT ANALYSIS 87
FIGURE 29 RBC BEARINGS INC.: FINANCIAL OVERVIEW SNAPSHOT 88
FIGURE 30 RBC BEARINGS INC.: SWOT ANALYSIS 90
FIGURE 31 ELRINGKLINGER AG: FINANCIAL OVERVIEW SNAPSHOT 92
FIGURE 32 ELRINGKLINGER AG: SWOT ANALYSIS 93
FIGURE 33 REGAL REXNORD CORPORATION: FINANCIAL OVERVIEW SNAPSHOT 94
FIGURE 34 REGAL REXNORD CORPORATION: SWOT ANALYSIS 95
FIGURE 35 ZOLLERN GMBH & CO. KG: SWOT ANALYSIS 97
FIGURE 36 SAINT-GOBAIN: SWOT ANALYSIS 100
FIGURE 37 DAIDO METAL CO., LTD.: SWOT ANALYSIS 103
FIGURE 38 OILES CORPORATION: SWOT ANALYSIS 106
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FIGURE 39 SAINT-GOBAIN: SWOT ANALYSIS 108
FIGURE 40 SBS - SINGA BEARINGS SOLUTIONS: SWOT ANALYSIS 110
FIGURE 41 SLS BEARINGS (S) PTE LTD: SWOT ANALYSIS 112
FIGURE 42 FEDERAL-MOGUL DEVA GMBH: SWOT ANALYSIS 114
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