Aerospace Bearing Market Set to See Explosive Growth by 2030 – mbu timeline

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The overall aerospace bearing market The size was valued at USD 6.74 billion in 2020 and is expected to register a CAGR of 6.91% over the forecast period to reach USD 10.06 billion in 2027. Aerospace bearings are installed in aircraft to reduce the radial and axial loads in rotating parts, which greatly increase the fuel efficiency of the aircraft. These aerospace bearings also aim to reduce the cost and maintenance time of the aircraft. There are various types of bearings already adopted, such as ball bearings, plain bearings and roller bearings. Aerospace bearings are used in all aircraft including jumbo jets, narrow body aircraft, freighters and regional jets. The primary use of a bearing in aircraft is to reduce the axial and radial force that is directly applied to rotating shafts.

Considering the trend, aerospace bearing manufacturers are focusing on developing IoT integrated lightweight bearings to diagnose easily and safely. Plain bearings hold the largest share in terms of revenue value in the global aerospace bearing industry during the forecast period.

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Factors affecting the Aerospace Bearings industry over the forecast period:

The growth of the aerospace bearings market is mainly attributed to the expansion and growth of the entire aviation industry in developing countries. In addition, increasing global air passenger traffic and improved aircraft movements are driving the consumption of aerospace bearings globally. Market players are operating in this market focusing on lightweight solutions and fuel efficient solutions combined with increased investment in material technology to develop hybrid and ceramic bearings.

Rising demand for new aircraft for long-haul flights and short-haul flights due to increased passenger numbers and increased consumer purchasing power is estimated to bolster growth of the aerospace bearings market over the forecast period. The global Aerospace Bearings Market research report offers a holistic assessment of the global market. The report also offers a comprehensive analysis of key segments, global trends, drivers, opportunities, restraints, competitive landscape, market share and growth factor analysis that plays a significant role in the development of the market.

Impact of COVID-19 on the Aerospace Bearings Market:

The aerospace bearing market has had a major impact on the COVID-19 coronavirus outbreak. Due to the pandemic, the government and other local authorities have imposed a complete lockdown in severely affected areas, which has disrupted all modes of transport, which has prevented passengers from travelling. Due to these harsh conditions, the aerospace bearing market has been unable to manufacture bearings for the aircraft, resulting in disruption of demand and supply channels. On the other half of the pandemic, the situation is less severe and the market is expected to grow exponentially in the coming years.

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Report scope

The report describes the study of the global aerospace bearings market based only on type, material, application and aircraft type.

On the basis of Type, the Aerospace Bearings Market has been segmented into –


On the basis of material, the aerospace bearings market has been segmented into –

  • Stainless steel
  • Fiber reinforced composites
  • metal backed
  • Engineering plastics
  • Aluminum alloys

Based on Application, the Aerospace Bearings Market has been segmented into –

  • Landing gear
  • Engine
  • flight control system
  • Aerostructure

On the basis of aircraft type, the aerospace bearing market has been segmented into –

  • Narrow-body aircraft
  • Wide body aircraft
  • Super jumbo jets
  • Regional Jet

Aerospace Bearings Market: Regional Outlook

Based on region, the global aerospace bearing market has been segmented into five geographical regions, namely North America, Asia-Pacific, Europe, South America, Middle East, and Europe. ‘Africa. In 2020, North America held the largest share of the total global aerospace bearing market, followed by Europe and Asia-Pacific. Moreover, Asia-Pacific is expected to project the highest CAGR in the world during the forecast period.

Leading Competitors in the Global Aerospace Bearings Market include-

The global aerospace bearing market is highly fragmented with the presence of a large number of small players across the globe. Key Companies Operating in the Global Aerospace Bearings Market are-

  • National Precision Bearing
  • SKF
  • JTEKT
  • RBC Bearing
  • aurora roll
  • Pacamor Kubar Bearings
  • Timken
  • AST bearings
  • New Hampshire Ball Bearings
  • NTN
  • Kaman
  • Rexnord
  • Schaeffler
  • NSK
  • Regal Beloit.

The Aerospace Bearings Market report provides an in-depth analysis of macroeconomic factors and market attractiveness of each segment. The report will include an in-depth qualitative and quantitative assessment of industry/regional outlook with market player’s presence in the respective segment and region/country. The information concluded in the report includes the entries.

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Aerospace Bearings Market Report Covers Comprehensive Analysis on:

  • Market Segmentation and Regional Analysis
  • 10 year market size
  • Price analysis
  • Supply and demand analysis
  • Product life cycle analysis
  • Porter’s Five Forces and Value Chain Analysis
  • Analysis of developed and emerging economies
  • PEST analysis
  • Factor analysis of the market and forecasts
  • Opportunities, risks and market trends
  • Conclusion and recommendation
  • Regulatory landscape
  • Patent analysis
  • Competition landscape
  • More than 15 company profiles

Aerospace Bearings Market Regional Analysis Includes:

  • North America (United States, Canada, Mexico)
  • South America (Brazil, Argentina, Colombia, Peru, Rest of Latin America)
  • Europe (Germany, Italy, France, UK, Spain, Poland, Russia, Slovenia, Slovakia, Hungary, Czech Republic, Belgium, Netherlands, Norway, Sweden, Denmark, Rest of Europe)
  • Asia-Pacific (China, Japan, India, South Korea, Indonesia, Malaysia, Thailand, Vietnam, Myanmar, Cambodia, Philippines, Singapore, Australia and New Zealand, Rest of Asia-Pacific)
  • The Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa, North Africa, Rest of MEA

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Aerospace Bearing Market: Target Audience

  • Aviation Bearing Manufacturers
  • Aviation Bearing Wholesalers, Retailers and Distributors
  • aircraft manufacturers
  • raw material suppliers
  • Air operators
  • Regulatory bodies

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