Aerospace Bearings Market Revenue Analysis and Global Forecast By Key players AST Bearings, Aurora Bearing Company, The Timken Company
Bearings are used in various kind of equipment or machinery such as automobile parts, farm equipment, aerospace equipment, and others. There has been an intensifying demand for bearings with higher efficiency, lower maintenance requirements, and longer service life. Aerospace bearings are installed in various aircraft systems such as military aircraft, helicopters, business jets, and others. They reduce load and friction between the moving parts in a system. It also reduces the axial and radial load and enhances fuel efficiency. Various types of bearings, such as roller bearings, ball bearings, needle roller bearings, and others are used for different applications. Further, rise in long-haul air travel is resulting in the growing demand for wide-body aircraft, which in turn, is increasing the sales of aerospace bearings.
The growing demand for different type of bearings from defense and commercial aviation sectors, technological innovations in bearing sector, and a growing number of aircraft deliveries are some of the major factors driving the aerospace bearings market. Nevertheless, increasing cost of raw materials is a crucial parameter which is capable of hindering the growth of the global aerospace bearings market. Furthermore, growth of the aerospace industry in developing region such as APAC provides growth opportunities for the global aerospace bearings market players as the region is active in the implementation of advanced technologies.
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The key players influencing the market are:
- AST Bearings LLC
- Aurora Bearing Company
- GGB Bearing Technology
- JTEKT Corporation
- National Bearing Precision
- NSK Ltd.
- NTN Bearing Corporation
- RBC Bearing Inc.
- SKF Group
- The Timken Company
This report contains:
- Market sizing for the global Aerospace Bearings
- Compare major Aerospace Bearings providers strategies and approaches to the challenges they face
- Analysis of the effects deglobalisation trends may have for Aerospace Bearings providers
- Profiles of major Aerospace Bearings providers
- 7-year CAGR forecasts for Aerospace Bearings -intensive vertical sectors
The global aerospace bearings market is segmented on the type, applications, aircraft type, and material. On the basis of type, the aerospace bearings market is segmented into ball bearings, roller bearings, needle bearings, thrust bearings, and others. On the basis of applications, the aerospace bearings market is segmented into aircraft landing gear struts, hydraulic fuel pumps, flight control system, and others. On the basis of aircraft type, the aerospace bearings market is segmented into fixed wing aircraft and rotary wing aircraft. On the basis of material, the aerospace bearings market is segmented into stainless steel, fiber-reinforced composites, engineered plastics, and others.
Aerospace Bearings Market – Global Analysis to 2027 is an expert compiled study which provides a holistic view of the market covering current trends and future scope with respect to product/service, the report also covers competitive analysis to understand the presence of key vendors in the companies by analyzing their product/services, key financial facts, details SWOT analysis and key development in last three years. Further chapter such as industry landscape and competitive landscape provides the reader with recent company level insights covering mergers and acquisitions, joint ventures, collaborations, new product developments/strategies taking place across the ecosystem. The chapters also evaluate the key vendors by mapping all the relevant products and services to exhibit the ranking/ position of top 5 key vendors.
Aerospace Bearings Market is a combination of qualitative as well as quantitative analysis which can be broken down into 40% and 60% respectively. Market estimation and forecasts are presented in the report for the overall global market from 2018 – 2027, considering 2018 as the base year and 2018 – 2027 forecast period. Global estimation is further broken down by segments and geographies such as North America, Europe, Asia-Pacific, Middle East & Africa and South America covering major 16 countries across the mentioned regions. The qualitative contents for geographical analysis will cover market trends in each region and country which includes highlights of the key players operating in the respective region/country, PEST analysis of each region which includes political, economic, social and technological factors influencing the growth of the market.
Key Benefits
- This report provides a detailed study of Aerospace Bearings market trends and forecast from 2019 to 2027, which assist to identify the prevailing market opportunities.
- In-depth coverage of the global Aerospace Bearings market that includes drivers, restraints, and opportunities, helps professionals to understand the market behavior in a better way.
- This study further includes market analysis in terms of type and applications.
- Detailed study of the strategies of key leaders, partnerships, and acquisitions in the Aerospace Bearings market is provided.
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