Aerospace Bearings Market – Trends Forecast Till 2028

Aerospace Bearings Market by Type (Ball Bearing, Roller Bearing, Plain Bearing), Material (Metal, Metal Polymer & Engineered Plastic, Fiber Reinforced Plastic, Ceramic), Application, Platform, Sales Channel, and Geography (North America, Europe, Asia-Pacific, Middle East, and Africa and South America)

Published Date: May, 2021

Base Year Estimate: 2020

Report ID: D-AD-ABM-175

Format:  

Number of Pages: 275

Domain: Aerospace & Defense

Aerospace Bearings Market – Trends Forecast Till 2028

The aerospace bearings market is projected to grow from USD 9.6 billion in 2021 to USD 14.7 billion by 2026, at a CAGR of 8.9% from 2021 to 2028.

Expansion and growth of the aviation industry in developing countries, rising global air passenger traffic, and increased aircraft movements are some of the factors that have supported long-term expansion for the Aerospace Bearing Market.

Aerospace Bearings Market Analysis

Aerospace Bearings Market is segmented into the sales channel, platform, type, application, material and, geography.

The sales channel segment is segmented into OEM and aftermarket.

The platform segment is segmented into fixed-wing and rotary wings.

The type segment is segmented into plain bearing, ball bearing, roller bearing, and others.

The application segment is segmented into landing gear, cockpit control, aerostructure, aircraft system, engine & APU, door, and aircraft interior.

The material segment is segmented into metal, metal-polymer & engineering plastic, fiber-reinforced composite, and ceramic. 

Geographically, Aerospace Bearings Market is sub-segmented into North America, Europe, Asia-Pacific, Middle East, and Africa, and South America and insights are provided for each region and major countries within the regions

Key players in Aerospace Bearings Market are SKF (Sweden), JTEKT Corporation (Japan), Schaeffler AG (Germany), The Timken Company (US), RBC Bearings Inc. (US), and NSK Ltd. (Japan)

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Research Methodology

Secondary Research

The secondary sources referred for this research study on the aerospace bearings market included financial statements of companies offering aerospace bearings, along with various trade, business, and professional associations, among others. The secondary data was collected and analyzed to arrive at the overall size of the aerospace bearings market, which was validated by primary respondents.

Primary Research

In the primary research process, various sources from the supply and demand sides were interviewed to obtain qualitative and quantitative information on the market. The primary sources from the supply side included industry experts such as chief X officers (CXOs), vice presidents (VPs), directors, regional managers, and business development and product development teams, distributors, and vendors. Extensive primary research was conducted to obtain qualitative and quantitative information such as market statistics, average selling price, market breakdowns, market size estimations, market forecasting, and data triangulation. Primary research also helped in understanding the various trends related to material, applications, and technologies. The primary data was collected through questionnaires, emails, and telephonic interviews.

The primary Respondent breakdown is given below:

Aerospace Bearings Market Primary Respondents

 

Market Sizing

Both, top-down and bottom-up approaches were used to estimate and validate the total size of the aerospace bearings market. These methods were also used extensively to estimate the size of various segments and subsegments of the market.

Data Validation

Impact analysis has been conducted for deriving the market size. After collecting the in-depth quantitative and qualitative data we contact the primary respondent to gain a 98.8% of confidence level on our data.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

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  • In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns

Report Scope

 

Report Feature

Descriptions

Market Revenue In 2021

USD 14.7 billion

Growth Rate

CAGR of 8.9% during the forecasting period, 2021-2028

Historical Data

2018-2019

Forecast Years

2021-2026

Base Year

2020

Units Considered

Revenue in USD billion and CAGR from 2021 to 2028

Report Segmentation

the sales channel, platform, type, application, material, and geography

Report Attribute

Market Revenue Sizing (Global, Regional and Country Level) Company Share Analysis, Market Dynamics, Company Profiling

Regional Level Scope

North America, Europe, Asia-Pacific, South America, and the Middle East and Africa

Country Level Scope

U.S., Japan, Germany, U.K., China, India, Brazil, UAE, South Africa (50+ Countries Across the Globe)

Companies Profiled

SKF (Sweden), JTEKT Corporation (Japan), Schaeffler AG (Germany), The Timken Company (US), RBC Bearings Inc. (US), and NSK Ltd. (Japan)

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In addition to the market data for Aerospace Bearings Market, Delvens offers client-centric reports and customized according to the company’s specific demand and requirement.

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