Global Aerospace Bearings Market: Growth, Trends, and Forecast (2021-2026)

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Global Aerospace Bearings Market Growth, Trends,
and Forecast (2021-2026)
The Global Aerospace Bearings Market is expected
to reach USD 14.7 billion by 2026 from USD 9.6
billion in 2021 at a CAGR of 8.9
from 2021 to reaching USD
2026, 14.7
billion by 2026. The rise of the global space
sector, technological innovations, and sustained
growth of the Defense sector are the key
factors driving the
aerospace markets
bearings growth. The

• increasing focus on a greener aerospace sector
• and its impact on the bearing supply chain are
  expected to create a demand for aerospace
  bearings.
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• The market is segmented by type, material,
  application, platform, sales channel, and
  region. Based on type, the ball bearing segment
  holds the leading share of the aerospace
  bearings market. Based on material type, the
  metal segment is projected to lead the aerospace
  bearings market from 2021 to 2026, although fiber
  reinforced composite and ceramic segments are
  anticipated to record high growth.
• The cockpit control and aerostructure segment is
  projected to grow at a high CAGR during the
  forecast period, while the fixed wing segment is
  projected to grow at the highest CAGR. The
  aftermarket segment held the majority share of
  the aerospace bearings market from 2021 to 2026,
  driven by increasing safety regulations and
  maintenance checks.
• The Middle East and Asia Pacific regions are
  expected to witness high growth in the aviation
  industry, with the Middle East projected to
  register the highest CAGR during the forecast
  period.
• Key Market Players
• Leading players in the aerospace bearings market
  include SKF, JTEKT Corporation, Schaeffler AG,
  The Timken Company, RBC Bearings Inc., and NSK
  Ltd., which have adopted various growth
  strategies to further expand their presence in
  the market.
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