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    Aerospace Bearings Market Report

    Aerospace Bearings Market Report
    Report code - SR1364 Published On : Nov,2021 No. of Pages: 155
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    Aerospace Bearings Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth O See more...

    Market Highlights

    An aircraft contains components that can withstand enormous pressure and stress while in motion. This is possible because of bearing assemblies, that are evolving and getting more complex with time. Bearings are present throughout an aircraft, and their evolution has been driven by the desire for lightweight yet strong aircraft components, as well as the need for failure-proof operation. Many key components of aviation engines and landing gear must be able to move, and every bearing's aim is to allow two mated surfaces to rotate, either together or separately. In the aerospace industry, safety, reliability, space, and weight savings are some constantly faced challenges, due to which there is a need for high-quality aircraft bearings

    Even before the COVID-19 pandemic, the global aerospace industry was under stress, owing to the B737Max grounding in 2019. The sudden outburst of COVID-19 further deepened the market challenges, causing unimaginable disruption and losses for the stakeholders. The aerospace bearings market typically relies on the organic growth of the aerospace industry and follows the trajectory as the latter. Key challenges that arose in front of the industry stakeholders on account of the pandemic were reduced demand, supply chain disruptions, financial pressure, and workforce impairment.

    However, the long-term outlook still seems fruitful, well backed by the industry’s buoyant nature and strong fundamentals. The lift of Boeing’s B737Max in October 2020, gradual opening up of travel restrictions, rebounding aircraft deliveries, and Airbus’ significantly healed revenue (reaping profit in Q1 2020 as opposed to grave loss in Q1 2020) are among the few key factors signaling towards healthy and quick recuperation, helping the market to grow at a CAGR of 7.8% during 2021-2026 to reach the figure of US$ 1.9 Billion in 2026.

    Segments' Analysis

    Aerospace Bearings Market by Bearing Type

    • The market is segmented as ball bearing, roller bearing, and plain bearing.
    • Ball bearings are further classified as angular contact ball bearing, and deep groove ball bearing. Similarly, roller bearings are further classified as tapered roller bearings, cylindrical roller bearings, spherical roller bearings, and others.
    • Ball bearings are expected to remain the larger segment of the market during the forecast period, owing to their extensive usage throughout the airframe and engine assemblies.

    Aerospace Bearings Market by Application Type

    • The market is segmented as engine & transmission, flight control system, landing gear, airframe, auxiliary system, EOTS, and others.
    • Engine & Transmission is projected to be the leading segment of the market during the forecast period. As engines and airplanes get lighter, faster, and more fuel-efficient, the operating temperature of engines continues to rise, creating a demand for high-temperature-resistant bearings (rated to operate close to 900 or more degrees Fahrenheit continually).
    • EOTS segment is gaining traction in the market given the rising popularity of the electro-optical targeting system (EOTS) in aerial warfare.

    Regional Analysis

    • North America is expected to remain the largest market over the next five years.
    • The USA is the growth engine of the region’s market with the presence of major aircraft OEMs, tier players, and raw material suppliers.
    • Most of the bearing suppliers have their presence in the region to address the demand from OEMs tirelessly.

    Asia-Pacific is likely to mark the fastest recovery during the study period, owing to the growing volume of aircraft fleet to support rising passenger traffic; the opening of assembly plants of Boeing and Airbus for multiple aircraft programs in China; global migration of MRO markets from west to east due to lower cost; and upcoming aircraft programs such C919.

    Key Players

    The supply chain of this market comprises several nodes including raw material suppliers, bearing manufacturers, OEMs, and MRO companies. The following are the key players in the aerospace bearings market (alphabetically arranged).

    • AB SKF
    • JTEKT Corporation
    • MinebeaMitsumi Group
    • NSK Ltd.
    • NTN Corporation
    • RBC Bearings Incorporated
    • Schaeffler Technologies AG & Co. KG
    • The Timken Company
    • LYC Bearing Corporation
    • Harbin Bearing Manufacturing Co.

    Research Methodology

    This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s aerospace bearings market realities and future market possibilities for the forecast period of 2021 to 2026. The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.

    This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

    Report Features

    This report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis.
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
    • Market trend and forecast analysis.
    • Market segment trend and forecast.
    • Competitive landscape and dynamics: Market share, Product portfolio, New Product Launches, etc.
    • Attractive market segments and associated growth opportunities.
    • Emerging trends.
    • Strategic growth opportunities for the existing and new players.
    • Key success factors.

    The aerospace bearings market is segmented into the following categories. 

    Aerospace Bearings Market Size, Share & Forecast, by Bearing Type

    • Ball Bearing
      • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
      • (Ball Bearing Type Analysis: Angular Contact and Deep Groove
    • Roller Bearing
      • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
      • (Roller Bearing Type Analysis: Tapered Roller, Spherical Roller, Cylindrical Roller, and Others
    • Plain Bearings (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Aerospace Bearings Market Size, Share & Forecast, by Material Type

    • Metallic Bearing (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Non-Metallic Bearing (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Hybrid Bearing (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Aerospace Bearings Market Size, Share & Forecast, by Material Type

    • Commercial Aircraft (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Regional Aircraft (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • General Aviation (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Helicopter (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Military Aircraft (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • UAV (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Aerospace Bearings Market Size, Share & Forecast, by Application Type

    • Engine & Transmission (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Flight Control System (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Landing Gear (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Airframe (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Auxiliary System (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • EOTS (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Aerospace Bearings Market Size, Share & Forecast, by End-User Type

    • OE (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Aftermarket (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Aerospace Bearings Market Size, Share & Forecast, by Region

    • North America (Country Analysis: The USA, Canada, and Mexico)
    • Europe (Country Analysis: Germany, France, the UK, Russia, and Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, and Rest of Asia-Pacific)
    • Rest of the World (Country Analysis: Brazil, Saudi Arabia, and Others)

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to three players)
    • SWOT analysis of key players (up to three players)

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview research offers custom research services across the sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com

    Frequently Asked Questions (FAQs)

    The aerospace bearings market is estimated to grow at a CAGR of 7.8% over the next five years to reach US$ 1.9 Billion in 2026.

    AB SKF, Schaeffler Technologies AG & Co. KG, NSK Ltd., JTEKT Corporation, NTN Corporation, RBC Bearings, Incorporated, MinebeaMitsumi Group, The Timken Company, LYC Bearing Corporation, and Harbin Bearing Manufacturing Co. are the leading players in the aerospace bearings market.

    North America is estimated to remain dominant in the aerospace bearings market in the foreseen future.

    Ball bearings are expected to remain the larger segment in the aerospace bearings market in the coming years.

    Engine & Transmission is expected to be the leading segment in the aerospace bearings market in the next five years.

    Asia-pacific is expected to mark the fastest recovery in the aerospace bearings market during the study period.

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