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Date: 2017-05-18

Aerospace Bearings Market Research Study including Growth Factors, Development Trends and Types & Application by Regions by 2022

Global Aerospace Bearings Market report provide emerging opportunities in the market and the future impact of major drivers and challenges and, support decision makers in making cost-effective business decisions. The market report assesses key opportunities in the market and outlines the factors that are and will be driving the growth of the Aerospace Bearings industry.

Major Key Companies of Aerospace Bearings Market are: GGB Bearings Technology (U.S.), National Precision Bearings (U.S.), SKF Group (Sweden), JTEKT Corporation (Japan), and RBC Bearings Inc. and Others.

Aerospace Bearings Market Split by Type (Roller, Ball), Application (Landing Gear, Engine, Flight Control System, Aerostructure), Material (Stainless Steel, Fiber-Reinforced Composites, Engineered Plastics. The aerospace bearings market was valued at USD 7.88 billion in 2016 and is projected to reach USD 11.19 billion by 2022, at a CAGR of 6.01% during the forecast period. The increasing number of aircraft deliveries and upgradation of aircraft to reduce operating cost are the key drivers for the aerospace bearings market. Backlogs in current aircraft orders act as a restraint in growth of the aerospace bearings market.


Based on type, the roller segment of the aerospace bearings market is expected to grow at the highest CAGR during the forecast period. As roller bearings find application in maximum parts of an aircraft, the increasing demand for aircraft in the future is expected to drive the demand for bearings.

Based on material, the fiber-reinforced composites segment of the aerospace bearings market is anticipated to grow at the highest CAGR during the forecast period. This segment is expected to grow, as these bearings support high static and dynamic loads, and are ideal for corrosive environments such as seawater and acidic.


The North America region led the aerospace bearings market in 2016 accounting for the highest share of the market in the same year due to the increase in the number of aircraft deliveries and modernization of aircraft. The aerospace bearings market in Asia-Pacific region is expected to grow at the highest CAGR during the forecast period. Major aircraft manufacturing companies across the globe are establishing their manufacturing base in Asia-Pacific and hence, the aerospace bearings market in commercial and military application is expected to grow during the forecast period. Countries in this region such as Japan and Russia have re-entered the aircraft manufacturing business by launching commercial regional aircraft in the past two years.
(dailynewsks)


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Product Model Inside Diameter Outside Diameter Thickness
JM624649/10 bearing 120 180 36
L624549/10 bearing 120.65 160.338 21.433
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