Aerospace Bearings - Global Market Outlook (2019-2027)
According to Stratistics MRC, the Global Aerospace Bearings Market is accounted for $9.93 billion in 2019 and is expected to reach $18.39 billion by 2027 growing at a CAGR of 8.0% during the forecast period. An increase in the number of aircraft deliveries and up gradation of aircraft to reduce operating costs are the major factors driving the market growth. However, existing backlogs of aircraft deliveries, rising raw material costs, and high R&D investments are restraining the market growth. Moreover, the growing use of fiber-composite and thermoplastic bearings would provide ample opportunities for market growth.
An aerospace bearing is a component used to reduce load as well as friction between the moving or rotating parts in an automobile. They reduce the axial as well as radial load and improve fuel efficiency. They also reduce the maintenance of the aircraft.
Based on type, the roller bearing segment is likely to have a huge demand due to the application of roller bearings in maximum parts of aircraft and positive demand outlook for aircraft in the future. By geography, Asia Pacific is going to have a lucrative growth during the forecast period due to factors such as increasing air passenger traffic and companies venturing into aircraft manufacturing in the region.
Some of the key players profiled in the Aerospace Bearings Market include AST Bearings LLC, Aurora Bearing Company, Enpro Industries Inc (GGB Bearings Technology), JTEKT Corporation, Kaman Corporation, National Precision Bearing, New Hampshire Ball Bearings Inc, NSK Ltd, NTN Corporation, Pacamor Kubar Bearings, RBC Bearings Inc, Regal Beloit Corporation, Rexnord Corporation, Schaeffler Group, SKF Group and The Timken Company.
• Aluminum Alloys
• Engineered Plastics
• Fiber-Reinforced Composites
• Stainless Steel
Aircraft Types Covered:
• Business Jet
• Fighter Jet
• Fixed Wing Aircraft
• Narrow Body Aircraft
• Regional Transport Aircraft
• Rotary Wing Aircraft
• Very Large Aircraft
• Wide Body Aircraft
• Ball Bearing
• Needle Bearings
• Plain Bearing
• Thrust Bearings
• Roller Bearing
Sales Channels Covered:
• Original Equipment Manufacturer (OEM)
• Flight Control System
• Hydraulic Fuel Pumps
• Landing Gear
• Other Applications
End Users Covered:
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2018, 2019, 2020, 2024 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter’s five forces analysis, SWOT analysis, etc.
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
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