South America Plain Bearing Market Outlook, 2028

The plain bearing market in South America has evolved as a significant industry in the region's industrial environment. South America's rising emphasis on manufacturing and heavy machinery has resulted in an increase in demand for high-quality plain bearings that provide dependable performance and durability. Plain bearings are an essential component of many industrial applications, including automotive, aerospace, and industrial, among others. They serve an important role in facilitating smooth and efficient mechanical operations. The market's consistent expansion may be ascribed to the region's rising industrial base, as well as the requirement for robust bearing solutions that can survive difficult operating conditions. As South America embraces technological breakthroughs and improves its production capacity, the plain bearing market is expected to expand. In South America, the automotive industry is the major end-user of plain bearings. The rising demand for automobiles in the region is propelling the plain-bearing market in the automotive sector forward. Plain bearings are also extensively used in the aerospace industry in South America. The growing demand for aeroplanes in the region is propelling the plain-bearing market in the aerospace sector forward. In addition, the region is home to several growing economies, including Brazil, Argentina, and Mexico. These economies are expanding rapidly, fueling demand for plain bearings in a variety of industries such as automotive, aerospace, and industrial. Furthermore, the wealth of natural resources in South America, such as enormous mineral deposits and lush agricultural fields, promotes the need for heavy gear and equipment, which in turn drives demand for simple bearings. The region's increased emphasis on renewable energy sources, such as hydroelectric power and wind energy, provides a chance for the plain bearing industry to meet the specific needs of these industries. The simple bearing market is influenced by South America's concern for sustainability and environmental consciousness. Rising awareness of carbon emissions, energy efficiency, and environmentally friendly practises drives demand for bearings with reduced friction, lower energy consumption, and increased durability, all of which correspond with sustainable development goals. According to the research report, “South America Plain Bearing Market, Outlook, 2028", published by Bonafide Research, the market is anticipated to add USD 300 Million from 2023 to 2028. Plain bearings have been used throughout South America since the early 1900s. The region's first plain bearings were brought from Europe and the United States. However, when South America's automotive and industrial sectors expanded, there was a demand for domestically produced plain bearings. A number of South American companies began producing plain bearings in the 1950s. These businesses were able to create high-quality plain bearings at a reasonable price. This resulted in a surge in the adoption of plain bearings in South America. The South American plain bearing market has become a significant global market. SKF, Timken, and NSK are among the main plain bearing producers in the region. These companies produce a wide range of plain bearings for a variety of applications, including automotive, aerospace, and industrial. Self-lubricating plain bearings have gained significant traction in South America. These bearings are designed with built-in lubrication systems that eliminate the need for external lubricants, reducing maintenance requirements and improving operational efficiency. Self-lubricating bearings offer benefits such as extended service life, reduced friction, and enhanced resistance to wear and corrosion. New manufacturing processes, such as additive manufacturing, are being used to produce plain bearings with complex geometries and features. This is enabling manufacturers to produce plain bearings that are lighter, stronger, and more efficient than traditional plain bearings. New manufacturing processes, such as additive manufacturing, are being used to produce plain bearings with complex geometries and features. This is enabling manufacturers to produce plain bearings that are lighter, stronger, and more efficient than traditional plain bearings.

Brazil is leading the market of plain bearing in South America with highest market share. Brazil has the largest and most populous economy in South America, with a broad industrial base. The industrial sector of the country includes a diverse range of industries such as automotive, agriculture, mining, oil and gas, and manufacturing. These sectors rely extensively on plain bearings for their machinery and equipment, resulting in high market demand for bearings. Brazil has strengthened its manufacturing skills, with a concentration on high-quality industrial components. Numerous domestic and international bearing manufacturers have established production facilities in the country to meet the growing demand. Because of its manufacturing experience and infrastructure, Brazil is a preferred hub for plain bearing manufacturing and distribution. Brazil's abundant natural resources, including minerals, agricultural products, and energy sources, necessitate the use of heavy machinery and equipment. Industries such as mining, oil and gas, and agriculture heavily rely on plain bearings to ensure smooth and efficient operations. Brazil's rich resource base, combined with the need for heavy industrial machinery, leads to a significant demand for plain bearings in the market. Furthermore Argentina, Colombia is also experiencing significant growth in plain bearing market of South America. The Journal bearing type of plain bearing is most commonly used in South America. Journal bearings have long been utilised in a variety of sectors throughout South America, resulting in familiarity and trust in their performance and dependability. Industries prefer to stick with what has proven to function well in the past, and the region's long history of successful usage of journal bearings has cemented their position as the most often used type of plain bearing. Journal bearings are adaptable and can be used in a variety of applications. The complex industrial environment of South America, which encompasses industries such as automotive, agricultural, mining, and manufacturing, necessitates bearings that can withstand a wide range of operating conditions and weights. Journal bearings provide the versatility to suit these many application needs, making them the most common type of plain bearing in the region. Mining and oil and gas are two businesses in South America that rely heavily on heavy machinery. Journal bearings are ideal for these applications because they can withstand high loads and deliver consistent performance in extreme situations. Because of their capacity to handle severe loads, stress, and vibration, they are a popular choice for South American sectors that require robust bearing solutions. Considered in this report • Geography: South America • Historic year: 2017 • Base year: 2022 • Estimated year: 2023 • Forecast year: 2028

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Aspects covered in this report • South America Plain Bearing market with its value and forecast along with its segments • Country-wise Plain Bearing market analysis • On-going trends and developments • Top profiled companies • Strategic recommendation Countries Covered in the report: • Brazil • Argentina • Colombia By Type: • Journal • Linear • Thrust • Angular Contact • Other

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By Application: • Automotive • Industrial • Aerospace • Others (Railway, Agriculture, etc.) By Distribution Channel: • OEM • Aftermarket The approach of the report: This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, annual report of companies, analysing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources. Intended audience: This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to Plain Bearing industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.