NEW YORK, Nov. 2, 2016 /PRNewswire/ -- Bearings are components made with high precision which enables the machines to move at high speeds or carry heavy loads with efficiency. There are several types of bearings such as roller bearing, plain bearing jewel bearing and fluid bearing among others. Plain bearings are simplest of the type comprised of a surface with no rolling elements. Based on design type, the plain bearing market is categorized into three segments: journal, linear and thrust bearings. The global surge in production of automobiles is driving the growth of the plain bearing market. In addition, growing demand for bearings in the defense and aerospace industry is also contributing to the growth of this market. Plain bearings are used in a wide range of equipment including automotive, aerospace, energy, construction machinery, farm and gardening machinery, and oilfield machinery among others. The primary factor driving the growth of plain bearing market is the growing demand for motor vehicles globally. In addition, the rising demand for bearings in the defense and aerospace sector is also aiding to the growth of this market. However, the increasing technological innovations are making these bearings durable and hence hindering the growth of aftermarket sales. In addition, the growing number is counterfeit products in also hindering the growth of plain bearings globally. Moreover, the introduction of smart bearings is expected to provide new market opportunities for bearing manufacturers in the near future. Other technologies such as magnetic levitation and bearings cushioned with compressed air are also in the process of development.