Global Aerospace Bearings Market Size, Forecasts, And Opportunities
Learn about the global aerospace bearings market through The Business Research Company, which provides information on aerospace bearings market size, aerospace bearings market drivers and restraints, aerospace bearings market players, the COVID-19 impact on the aerospace bearings market, and more.
The global aerospace bearings market size is expected to grow from $6.11 billion in 2021 to $6.93 billion in 2022 at a compound annual growth rate (CAGR) of 13.4%. The global aerospace bearings market is then expected to grow to $10.12 billion in 2026 at a CAGR of 9.9%.
The increasing focus on the green aerospace sector is significantly contributing to the growth of the aerospace bearings market.
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The aerospace bearings market consists of sales of aerospace bearings by entities (organizations, sole traders, and partnerships) that are used to reduce load and friction between the moving or rotating parts. The aerospace bearings are components that reduce the radial and axial force in an aircraft. They also facilitate the movement of seats, doors, and other components of engine management systems and flight control systems without any failure.
Global Aerospace Bearings Market Segments Include:
By Bearing Type: Plain Bearing, Roller Bearing, Ball Bearing, Others
By Material: Stainless Steel, Fiber-Reinforced Composites, Engineered Plastics, Ceramics, Alloy
By Application: Landing Gear, Cockpit Control, Aerostructure, Aircraft Systems, Engine and APU Systems, Doors, Aircraft Interiors
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America was the largest region in the aerospace bearings market in 2021.
Technological advancement has emerged as a key trend gaining popularity in the aerospace bearings market. Major companies operating in the aerospace bearings sector are focused on developing new technological solutions to meet consumer demand.
TBRC’s aerospace bearings market report covers:
Major Market Players: AST Bearings, Enpro Industries, JTEKT Corporation, Kaman Corporation, New Hampshire Ball Bearings Inc., National Precision Bearing, RBC Bearings Incorporated, SKF Group, Schaeffler AG, NTN Corporation, The Timken Company, Pacamor Kubar Bearings, Regal Rexnord Corporation, Schatz Bearing Corp., and HKT BEARINGS Limited.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)
The Aerospace Bearings Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026 is one of a series of new reports from The Business Research Company that provides aerospace bearings market overviews, analyzes and forecasts market size, share, aerospace bearings market players, aerospace bearings market segments and geographies, leading competitor revenues, profiles and market shares.
TBRC’s aerospace bearings market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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