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Aerospace Bearings Market To Receive Overwhelming Hike In Revenue That Will Boost Overall Industry Growth By 2030
(MENAFN- EIN Presswire)
Aerospace Bearings market - On the basis of aircraft type, the others segment is anticipated to exhibit significant growth in the future.
The global aerospace bearings market was valued at $5.24 billion in 2020, and is projected to reach $14.24 billion by 2030, registering a CAGR of 10.6% from 2021 to 2030.” - Allied Market ResearchWILMINGTON, DE, UNITED STATES, February 20, 2025 /EINPresswire / -- According to the report published by Allied Market Research, the global aerospace bearings market generated $5.24 billion in 2020, and is projected to reach $14.24 billion by 2030, witnessing a CAGR of 10.6% from 2021 to 2030. The report provides a detailed analysis of changing market dynamics, top segments, value chain, key investment pockets, regional scenario, and competitive landscape.
Increase in focus toward reduction of vehicle weight, focus on green aerospace sector, and growth of global space sector & technological innovations drive the growth of the global aerospace bearings market. However, high cost of raw materials restrains the market to some extent. On the other hand, emergence of sensor bearing units and growth in urban air mobility (UAM) platform present new opportunities in the upcoming years.
Download Report (293 Pages PDF with Insights, Charts, Tables, Figures) at
The report offers detailed segmentation of the global aerospace bearings market based on bearing type, aircraft type, application, and region.
Based on bearing type, the ball bearing segment held the highest market share in 2020, holding more than half of the total market share, and is expected to continue its leadership status during the forecast period. However, the plain bearing segment is estimated to register the highest CAGR of 12.5% from 2021 to 2030.
Based on aircraft type, the fixed wings segment held the largest market share in 2020, holding three-fourth of the total market share, and is expected to continue its leadership status during the forecast period. Moreover, the rotorcraft segment is projected to register the highest CAGR of 11.6% from 2021 to 2030.
Interested to Procure the Data? Inquire here at
Based on region, Asia-Pacific contributed to the highest share in terms of revenue in 2020, holding nearly one-third of the global market share, and is estimated to continue its dominant share by 2030. Moreover, LAMEA is projected to manifest the fastest CAGR of 12.1% during the forecast period.
Key Findings Of The Study
By bearing type, the others segment is expected to register significant growth during the forecast period.
On the basis of aircraft type, the others segment is anticipated to exhibit significant growth in the future.
Depending on application, the unmanned aerial vehicle segment is anticipated to exhibit significant growth in the future.
LAMEA is anticipated to register the highest CAGR.
Leading players of the global aerospace bearings market analyzed in the research include GGB
JTEKT Corporation
Kaman Corporation
NSK Ltd.
NTN Corporation
RBC Bearings Inc.
Schaeffler AG
SKF
THK CO. LTD.
Timken
Similar Reports We Have on Aerospace and Defense Industry:
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Increase in focus toward reduction of vehicle weight, focus on green aerospace sector, and growth of global space sector & technological innovations drive the growth of the global aerospace bearings market. However, high cost of raw materials restrains the market to some extent. On the other hand, emergence of sensor bearing units and growth in urban air mobility (UAM) platform present new opportunities in the upcoming years.
Download Report (293 Pages PDF with Insights, Charts, Tables, Figures) at
The report offers detailed segmentation of the global aerospace bearings market based on bearing type, aircraft type, application, and region.
Based on bearing type, the ball bearing segment held the highest market share in 2020, holding more than half of the total market share, and is expected to continue its leadership status during the forecast period. However, the plain bearing segment is estimated to register the highest CAGR of 12.5% from 2021 to 2030.
Based on aircraft type, the fixed wings segment held the largest market share in 2020, holding three-fourth of the total market share, and is expected to continue its leadership status during the forecast period. Moreover, the rotorcraft segment is projected to register the highest CAGR of 11.6% from 2021 to 2030.
Interested to Procure the Data? Inquire here at
Based on region, Asia-Pacific contributed to the highest share in terms of revenue in 2020, holding nearly one-third of the global market share, and is estimated to continue its dominant share by 2030. Moreover, LAMEA is projected to manifest the fastest CAGR of 12.1% during the forecast period.
Key Findings Of The Study
By bearing type, the others segment is expected to register significant growth during the forecast period.
On the basis of aircraft type, the others segment is anticipated to exhibit significant growth in the future.
Depending on application, the unmanned aerial vehicle segment is anticipated to exhibit significant growth in the future.
LAMEA is anticipated to register the highest CAGR.
Leading players of the global aerospace bearings market analyzed in the research include GGB
JTEKT Corporation
Kaman Corporation
NSK Ltd.
NTN Corporation
RBC Bearings Inc.
Schaeffler AG
SKF
THK CO. LTD.
Timken
Similar Reports We Have on Aerospace and Defense Industry:
Drone Camera Market
Narcotics Scanner Market
Aircraft Window Frame Market
David Correa
Allied Market Research
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