According to Latest report „Aerospace Bearings Market Size by Type (Roller, Ball), Application (Landing Gear, Engine, Flight Control System, Aerostructure), Material (Stainless Steel, Fiber-Reinforced Composites, Engineered Plastics), Aircraft Type, and Region – Global Forecast to 2022 „, which is valued at USD 7.88 trillion in 2016 and is projected to reach USD 11.19 trillion by 2022, at a CAGR of 6.01% during the forecast period.
Browse 65 market data tables and 79 figures spread through 172 pages and in-depth TOC on „Aerospace Bearings Market – Global Forecast to 2022“
The increasing demand for aerospace bearings and the increasing number of aircraft deliveries are the major factors driving the aerospace bearings market.
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„The engine application segment is expected to lead the aerospace bearings market during the forecast period“
Based on application, the aerospace bearings market has been segmented into engine, landing gear, flight control system, aerostructure, and others. Bearings are extensively used in engines. With air in the air, the demand for aircraft is expected to grow.
„Based on type, the scooter segment is projected to grow at the highest CAGR during the forecast period“
Based on type, the aerospace bearings market has been segmented into scooters, ball, and others. The roller segment of the aerospace market is projected to grow at the highest CAGR during the forecast period. This can be attributed to the application of roller bearings in aircraft.
„Based on material, the fiber-reinforced composites segment is projected to grow at the highest CAGR during the forecast period“
Based on material, the aerospace bearings market has been segmented into metal-backed, fiber-reinforced composites, engineered plastics, aluminum alloys, stainless steel, and others. The fiber-reinforced composites segment is projected to grow at the highest CAGR during the forecast period. Fiber-reinforced composites have increased load carrying and self-lubricating capacity resulting in increased reliability.
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„North America to lead the aerospace bearings market during the forecast period“
The aerospace market in Asia-Pacific is projected to grow to the highest CAGR during the forecast period. Rapid growth of the Asia-Pacific aerospace bearings market can be attributed to increasing 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, thus fueling the aerospace bearings market in the region.
Major players in this market are SKF Group (Sweden), The Timken Company (US), GGB Bearings Technology (US), JTEKT Corporation (Japan), and RBC Bearings Inc. (US), among others.
Objectives of the Study:
The aerospace bearings market aims at analyzing the aerospace bearings market, as well as the design of the aerospace bearings market fiber-reinforced composites, metal-backed, aluminum alloys, engineered plastics and others), application (engine, landing gear, flight control system, aerostructure, and others), aircraft type (wide body aircraft, narrow body aircraft, very large aircraft, regional transport aircraft, business jet, fighter jet, helicopter, and others). These segments and subsegments have been mapped across major regions, namely, North America, Europe, Asia-Pacific, and the rest of the world.
The report provides in-depth market intelligence regarding market dynamics and major factors influencing the growth of the aerospace bearings market (drivers, restraints, opportunities, and industry-specific challenges), along with an analysis of micromarkets with respect to individual growth trends, future prospects, and their contribution to the aerospace.
The report also covers competitive developments such as partnerships, joint ventures, mergers, new product launches and developments, and research and development activities in the aerospace storage market, in addition to business and corporate strategies.