Global aerospace bearings market
Global aerospace bearings market was valued US$ 7.92 Bn in
2017 and is expected to reach US$ 13.0 Bn by 2026, at a CAGR
of 6.39 % during a forecast period.
Aerospace bearings are installed in aircraft & aerospace
systems containing commercial, private, military, and space
applications.
The rise in the number of aircraft deliveries, upgradation of
aircraft to reduce operating cost are boosting the growth of the
global aerospace bearings market. The key opportunity of the
market is the rising use of fiber-composite & thermoplastic
bearings. Delay in earning quality accreditations is the main
challenge of the market. However, increasing raw material cost
and high R&D funds are limiting the growth of the market.
The roller segment of the aerospace bearings market is
expected to grow at the highest CAGR during the forecast
period owing to the use of roller bearings in maximum parts of
an aircraft, which is supported by increased demand for aircraft
during the forecast period. The ball bearing is used widely
throughout aircraft airframe & engine design. Ball bearings are
the most versatile and flexible.
The flight control system segment is projected to grow at the
highest CAGR during the forecast period owing to the rise in
aircraft orders & deliveries across the globe. An aerostructure is
a part of an aircraft's airframe and contains all part of the
fuselage, wings, and flight control surfaces.
The fiber-reinforced composites segment is estimated to grow
at the highest CAGR during the forecast period owing to greater
load carrying and self-lubricating capacity resulting in rising
reliability of bearings under harsh situations.
Asia-Pacific is expected to grow at the highest CAGR during the
forecast period owing to the growing air passenger traffic in
emerging economies in the region. Aircraft manufacturers in
countries such as Russia, Japan, and China are entering the
global market with modernized and high-tech aircraft is also
boosting the growth of the global aerospace bearings market in
the region.
Key player operating in the global aerospace bearings market
are Enpro Industries, Inc. (GGB Bearings Technology), National
Precision Bearing, SKF Group, JTEKT Corporation, RBC Bearings
Inc., Aurora Bearing Company, Pacamor Kubar Bearings, The
Timken Company, AST Bearings LLC, New Hampshire Ball
Bearings, Inc., NTN Corporation, Kaman Corporation, Rexnord
Corporation, Schaeffler Group, NSK Ltd., and Regal Beloit
Corporation.
The report covers a comprehensive study of major market
drivers, restrains, opportunities, challenges, PESTEL, Porters,
SWOT, and technological forecasting in the market.
The Scope of Global Aerospace Bearings Market:
Global Aerospace Bearings Market, by Type:
• Roller
• Ball
• Other Type
Global Aerospace Bearings Market, by Material:
• Stainless Steel
• Fiber-reinforced Composites
• Metal-backed
• Engineered Plastics
• Aluminum Alloys
• Other Material
Global Aerospace Bearings Market, by Application:
• Landing Gear
• Engine
• Flight Control System
• Aerostructure
• Other Application
Global Aerospace Bearings Market, by Aircraft Type:
• Narrow Body Aircraft
• Wide Body Aircraft
• Regional Transport Aircraft
• Very Large Aircraft
• Business Jet
• Fighter Jet
• Helicopter
• Others
Global Aerospace Bearings Market, by Region:
• North America
• Europe
• Asia-Pacific
• South America
• Middle East & Africa
Key Player Operating In the Global Aerospace Bearings Market:
• Enpro Industries, Inc. (GGB Bearings Technology)
• National Precision Bearing
• SKF Group
• JTEKT Corporation
• RBC Bearings Inc.
• Aurora Bearing Company
• Pacamor Kubar Bearings
• The Timken Company
• AST Bearings LLC
• New Hampshire Ball Bearings, Inc.
• NTN Corporation
• Kaman Corporation
• Rexnord Corporation
• Schaeffler Group
• NSK Ltd.
• Regal Beloit Corporation
This Report Is Submitted By @
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