Global Composite Bearings Market 2027: Regional Analysis & Forecast
The global Composite Bearings Market is anticipated to grow at a formidable rate through 2027 owing to rapid technological advancements, increasing usage of bearings in the aerospace application, and growing demand from automotive and agriculture applications in emerging economies. The Important Elements of the Global Composite Bearings Market Based on product type, the market has been categorized into Fibre Matrix and Metal Matrix. The metal matrix segment dominated the market in 2021 and is expected to maintain its dominance over the next five years as well owing to its various properties such as moderate cost, high strength, and working stability in harsh environments, due to which it is used in various applications of agriculture, construction & mining and automotive, etc. North America region led the market in 2021 and is expected to be the fastest-growing market for composite bearings during the next five years as well due to increasing demand from t...