Global aerospace bearings market

1
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 RD 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
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