Report Description Table of Contents The polymer bearing market was worth USD 9.4 billion in 2023 and will be worth USD 14.2 billion by 2030, growing at a CAGR of 6.1% during the forecast period. The Polymer Bearing market is driven by the increasing demand for lightweight, corrosion-resistant, and maintenance-free bearing solutions in the automotive, aerospace, and consumer goods industries. In 2023, the automotive sector, producing over 85 million vehicles annually, saw a growing shift towards polymer bearings due to their ability to reduce vehicle weight and improve fuel efficiency, contributing to lower carbon emissions. Polymer bearings are also favored for their self-lubricating properties, which reduce the need for frequent maintenance. A recent development includes the integration of polymer bearings in electric vehicles (EVs), where their lightweight nature helps extend battery range. For example, polymer bearings have been increasingly used in electric motors and battery cooling systems to improve efficiency and durability while minimizing friction. These advancements position polymer bearings as preferred in industries seeking sustainable and high-performance solutions. Another key opportunity of the Polymer Bearing industry is the increasing use of electric vehicles (EVs) and other renewable resources. The international market for EVs is anticipated at a growth rate of over 20% annually, driving the need for lightweight and long-lasting components such as polymer bearings that enhance efficiency while decreasing energy use. Polymer bearings are also accepted in wind energy applications for their capabilities of operating in extreme conditions and low intervention. One of the latest trends is the application of high-performance polymer bearings for electric powertrains in EVs, aiming to maximize performance by minimizing mechanical energy dissipation. This places polymer bearings as a viable solution within industries seeking longevity and improved energy efficiency. Market Segmentation By Type: Plastic Nylon Teflon (PTFE) Polyacetal (POM) Polyethylene (PE) Others (e.g., UHMWPE, Polyetheretherketone - PEEK) By Form: Plain Bearings Rolling Bearings Thrust Bearings Flanged Bearings By Application: Automotive Electronics Industrial Machinery Textile Machinery Medical Devices Food and Beverage Processing Office Products Home Appliances By End-user Industry: Automotive Aerospace Industrial Electronics Healthcare Renewable Energy Consumer Goods By Region North America US Mexico Canada Rest of North America Europe Switzerland Russia France Germany U.K Finland Turkey Netherlands Belgium Spain Italy Rest of Europe Asia Pacific India China South Korea Japan Singapore Thailand Indonesia Malaysia Philippines Australia Rest of Asia-Pacific LAMEA Brazil Argentina Uruguay Saudi Arabia Rest of LAMEA Currently, the Asia-Pacific region is the largest consumer of polymeric bearing in the global Polymer Bearing market owing to increased industrialization and sales of vehicles, electronics devices, and trim-weight apparatus at cheaper rates. Automotive applications contributed to polymeric-bearing demand in this region, especially in producing countries such as China, Japan, and India, where automobile production surpassed 25 million vehicles annually in China. Polymer bearings have seen an increase in use in these industries because they reduce friction and weight and are easy to maintain. One recent trend is polymer bearings for electric vehicles or EVs in Asia-Pacific, which are incorporated in electric motor and battery cooling systems for improved performance. This change towards green technology is only adding to the reinforcement of the region’s stranglehold on the polymer-bearing market. Key Players Igus GmbH SKF Group Saint-Gobain S.A. NTN Corporation Rexnord Corporation GGB Bearing Technology Trelleborg Sealing Solutions Kashima Bearings, Inc. Boston Gear LLC Thomson Industries, Inc. Frequently Asked Question About This Report . Table of Contents 1. POLYMER BEARING MARKET – PRODUCTION VOLUME BY REGION, (2024 – 2030) 1.1. North America 1.2. Europe 1.3. Asia Pacific 1.4. Latin America 1.5. Middle East & Africa 2. POLYMER BEARING MARKET – REVENUE ($MILLION), BY REGION, (2024 – 2030) 2.1. North America 2.2. Europe 2.3. Asia Pacific 2.4. Latin America 2.5. Middle East & Africa 3. MARKET SHARE ANALYSIS – POLYMER BEARING MARKET 3.1. Top 20 Players with Product Mix, Revenue, and Sales Volume 3.2. Market Share, 2023 3.3. Market By Type of Polymer Bearing and End Use Outlook Analysis 4. HISTORIC TRENDS IN POLYMER BEARING MARKET 5. EMERGING MARKET TRENDS 6. NORTH AMERICA POLYMER BEARING MARKET ANALYSIS BY SEGMENT (COUNTRY-LEVEL ANALYSIS) 6.1. North America Polymer Bearing Historical Market ($MILLION), (2017 – 2023) 6.2. North America Polymer Bearing Market ($MILLION) and Forecasts (2024 – 2030) 6.3. North America Polymer Bearing Market Type ($MILLION), and Forecasts (2024 – 2030), By Type 6.3.1. Plastic 6.3.2. Nylon 6.3.3. Teflon (PTFE) 6.3.4. Polyacetal (POM) 6.3.5. Polyethylene (PE) 6.3.6. Others (e.g., UHMWPE, Polyetheretherketone - PEEK) 6.4. North America Polymer Bearing Market Type ($MILLION), and Forecasts (2024 – 2030), By Form 6.4.1. Plain Bearings 6.4.2. Rolling Bearings 6.4.3. Thrust Bearings 6.4.4. Flanged Bearings 6.5. North America Polymer Bearing Market Type ($MILLION), and Forecasts (2024 – 2030), By Application 6.5.1. Automotive 6.5.2. Electronics 6.5.3. Industrial Machinery 6.5.4. Textile Machinery 6.5.5. Medical Devices 6.5.6. Food and Beverage Processing 6.5.7. Office Products 6.5.8. Home Appliances 6.6. North America Polymer Bearing Market Type ($MILLION), and Forecasts (2024 – 2030), By End-Use Industry 6.6.1. Automotive 6.6.2. Aerospace 6.6.3. Industrial 6.6.4. Electronics 6.6.5. Healthcare 6.6.6. Renewable Energy 6.6.7. Consumer Goods 6.7. North America Polymer Bearing Market Type ($MILLION), and Forecasts (2024 – 2030), By Geography 6.7.1. USA 6.7.2. Canada 6.7.3. Rest of North America 7. USA POLYMER BEARING MARKET ANALYSIS BY SEGMENT (COUNTRY-LEVEL ANALYSIS) 8. EUROPE POLYMER BEARING MARKET ANALYSIS BY SEGMENT (COUNTRY-LEVEL ANALYSIS) 8.1. Europe Polymer Bearing Historical Market ($MILLION), (2017 – 2023) 8.2. Europe Polymer Bearing Market ($MILLION) and Forecasts (2024 – 2030) 8.3. Europe Polymer Bearing Market Type ($MILLION), and Forecasts (2024 – 2030), By Type 8.4. Europe Polymer Bearing Market Type ($MILLION), and Forecasts (2024 – 2030), By Form 8.5. Europe Polymer Bearing Market Type ($MILLION), and Forecasts (2024 – 2030), By Application 8.6. Europe Polymer Bearing Market Type ($MILLION), and Forecasts (2024 – 2030), By End-Use Industry 8.7. Europe Polymer Bearing Market Type ($MILLION), and Forecasts (2024 – 2030), By Geography 8.7.1. Germany 8.7.2. France 8.7.3. UK 8.7.4. Italy 8.7.5. Spain 8.7.6. Rest of Europe 9. APAC POLYMER BEARING MARKET ANALYSIS BY SEGMENT (COUNTRY-LEVEL ANALYSIS) 9.1. APAC Polymer Bearing Historical Market ($MILLION), (2017 – 2023) 9.2. APAC Polymer Bearing Market ($MILLION) and Forecasts (2024 – 2030) 9.3. APAC Polymer Bearing Market Type ($MILLION), and Forecasts (2024 – 2030), By Type 9.4. APAC Polymer Bearing Market Type ($MILLION), and Forecasts (2024 – 2030), By Form 9.5. APAC Polymer Bearing Market Type ($MILLION), and Forecasts (2024 – 2030), By Application 9.6. APAC Polymer Bearing Market Type ($MILLION), and Forecasts (2024 – 2030), By End-Use Industry 9.7. APAC Polymer Bearing Market Type ($MILLION), and Forecasts (2024 – 2030), By Geography 9.7.1. China 9.7.2. Japan 9.7.3. South Korea 9.7.4. India 9.7.5. Australia 9.7.6. Rest of APAC 10. LATIN AMERICA POLYMER BEARING MARKET ANALYSIS BY SEGMENT (COUNTRY-LEVEL ANALYSIS) 10.1. Latin America Polymer Bearing Historical Market ($MILLION), (2017 – 2023) 10.2. Latin America Polymer Bearing Market ($MILLION) and Forecasts (2024 – 2030) 10.3. Latin America Polymer Bearing Market Type ($MILLION), and Forecasts (2024 – 2030), By Type 10.4. Latin America Polymer Bearing Market Type ($MILLION), and Forecasts (2024 – 2030), By Form 10.5. Latin America Polymer Bearing Market Type ($MILLION), and Forecasts (2024 – 2030), By Application 10.6. Latin America Polymer Bearing Market Type ($MILLION), and Forecasts (2024 – 2030), By End-Use Industry 10.7. Latin America Polymer Bearing Market Type ($MILLION), and Forecasts (2024 – 2030), By Geography 10.7.1. Brazil 10.7.2. Argentina 10.7.3. Rest of Latin America 11. COMPANY PROFILES: 11.1. Igus GmbH 11.1.1. Company Overview 11.1.2. Company Snapshot 11.1.3. Operating business segments 11.1.4. Product offered and Revenue 11.1.5. Production & Sales 11.2. SKF Group 11.3. Saint-Gobain S.A. 11.4. NTN Corporation 11.5. Rexnord Corporation 11.6. GGB Bearing Technology 11.7. Trelleborg Sealing Solutions 11.8. Kashima Bearings, Inc. 11.9. OTHER MARKET PLAYERS