The aerospace bearings market was valued at USD 7.88 billion in 2016 and is projected to reach USD 11.19 billion by 2022, at a CAGR of 6.01% during the forecast period. The increasing number of aircraft deliveries and up gradation of aircraft to reduce operating cost are the key drivers for the aerospace bearings market. Backlogs in current aircraft orders act as a restraint in growth of the aerospace bearings market.
Complete Report on Aerospace Bearings Market spread across 172 Pages, Profiling 16 Companies and Supported with 65 Tables and 79 Figures is now available at http://www.rnrmarketresearch.com/aerospace-bearings-market-by-type-roller-ball-application-landing-gear-engine-flight-control-system-aerostructure-material-stainless-steel-fiber-reinforced-composites-engineered-plastics-aircraft-type-st-to-2022-market-report.html .
“Based on type, the roller segment is projected to grow at the highest CAGR during the forecast period”.
Based on type, the roller segment of the aerospace bearings market is expected to grow at the highest CAGR during the forecast period. As roller bearings find application in maximum parts of an aircraft, the increasing demand for aircraft in the future is expected to drive the demand for bearings.
- Aviation Bearings Manufacturers
- Aviation Bearings Wholesalers, Retailers, and Distributors
- Aircraft Manufacturers
- Subcomponent Manufacturers
- Raw Material Suppliers
- Airline Operators
- Regulatory Bodies
The North America region led the aerospace bearings market in 2016 accounting for the highest share of the market in the same year due to the increase in the number of aircraft deliveries and modernization of aircraft. The aerospace bearings market in Asia-Pacific region is expected to grow at the highest CAGR during the forecast period.
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Major aircraft manufacturing companies across the globe are establishing their manufacturing base in Asia-Pacific and hence, the aerospace bearings market in commercial and military application is expected to grow during the forecast period. Countries in this region such as Japan and Russia have re-entered the aircraft manufacturing business by launching commercial regional aircraft in the past two years.
Break-up of profiles of primary participants in this report:
- By Company Type: Tier 1 – 35%, Tier 2 – 45% and Tier 3 – 20%
- By Designation: C level – 35%, Director level – 25%, Others – 40%
- By Region: North America – 45%, Europe – 20%, Asia-Pacific – 30%, RoW – 5%
Key players profiled in the aerospace bearings market include GGB Bearings Technology (U.S.), National Precision Bearings (U.S.), SKF Group (Sweden), JTEKT Corporation (Japan), and RBC Bearings Inc. (U.S.) among others.
Connect for More Details for Discount and More Information “Aerospace Bearings Market 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” report @ http://www.rnrmarketresearch.com/contacts/inquire-before-buying?rname=966646 .
The study segments the aerospace bearings market on the basis of type (roller, ball, and others), material (stainless steel, fiber-reinforced composites, metal-backed, aluminum alloys, engineered plastics and others), application (engine, landing gear, flight control system, aero structure, and others), and aircraft type (wide body aircraft, narrow body aircraft, very large aircraft, regional transport aircraft, business jet, fighter jet, helicopter, and others), and has studied this market for regions, namely, North America, Europe, Asia–Pacific, and the Rest of the World.SOURCE satPRnews https://www.satprnews.com/