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Aerospace Bearings Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026
The Business Research Company's Aerospace Bearings Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026
LONDON, GREATER LONDON , UK, April 14, 2022 /EINPresswire.com / -- Technological advancement has emerged as a key trend gaining popularity in the aerospace bearings market . Major companies operating in the aerospace bearings sector are focused on developing new technological solutions to meet consumer demand. For instance, in January 2021, NSK Ltd., a Japan-based manufacturer of bearings developed a new machine tool bearing technology that reduces run-in time, makes spindle assembly easier, and also improves reliability. This technology reduces temperature rise under oil-air lubrication and improves cage strength. It is more durable and reliant.
The global aerospace bearings market size is expected to grow from $6.11 billion in 2021 to $6.93 billion in 2022 at a compound annual growth rate (CAGR) of 13.4%. The global aerospace bearings market share is then expected to grow to $10.12 billion in 2026 at a CAGR of 9.9%.
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The increasing focus on the green aerospace sector is significantly contributing to the aerospace bearings market growth. Green aerospace focuses on increasing aircraft fuel economy and developing new technologies and systems to achieve a global future of carbon-neutral air transportation. Major aerospace Bearing manufacturers are focused on developing fuel-efficient bearings to shift the market demand towards low emission products. Therefore, the focus on the green aerospace sector is expected to propel the growth of the aerospace bearings market going forward.
Major players covered in the global aerospace bearings industry are AST Bearings, Enpro Industries, JTEKT Corporation, Kaman Corporation, New Hampshire Ball Bearings Inc., National Precision Bearing, RBC Bearings Incorporated, SKF Group, Schaeffler AG, NTN Corporation, The Timken Company, Pacamor Kubar Bearings, Regal Rexnord Corporation, Schatz Bearing Corp., and HKT BEARINGS Limited.
North America was the largest region in the aerospace bearings market in 2021. The regions covered in the global aerospace bearings market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
TBRC's global aerospace bearings market analysis report is segmented by bearing type into plain bearing, roller bearing, ball bearing, others, by material into stainless steel, fiber-reinforced composites, engineered plastics, ceramics, alloy, by application into landing gear, cockpit control, aerostructure, aircraft systems, engine and APU systems, doors, aircraft interiors.
Aerospace Bearings Market Report 2022 – By Bearing Type (Plain Bearing, Roller Bearing, Ball Bearing), By Material (Stainless Steel, Fiber-Reinforced Composites, Engineered Plastics, Ceramics, Alloy), By Application (Landing Gear, Cockpit Control, Aerostructure, Aircraft Systems, Engine And APU Systems, Doors, Aircraft Interiors) – Market Size, Trends, And Global Forecast 2022-2026 is one of a series of new reports from The Business Research Company that provides a aerospace bearings global market overview, forecast aerospace bearings global market size and growth for the whole market, aerospace bearings global market segments, geographies, aerospace bearings market trends, aerospace bearings market drivers, restraints, leading competitors' revenues, profiles, and market shares.
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