Plain Bearing Market Size Worth $14.56 Billion, Globally, by 2031 – Exclusive Report

Plain Bearing Market Size Worth $14.56 Billion, Globally, by 2031 – Exclusive Report

Market Growth: The global plain bearing market share is expected to reach US$ 14.56 billion by 2031 from US$ 9.54 billion in 2023, at a CAGR of 5.4% during the forecast period. Plain bearing has several applications in automotive, transportation, manufacturing, construction, energy, oil & gas, agriculture, aerospace & defense, and mining facilities. They are also utilized in power and oil production plants. With substantial government investments being made in the automotive and construction sectors due to growing urbanization, the demand for plain bearing will continue to experience an upward thrust.