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Aerospace Bearing Trends and Forecast
The future of the global aerospace bearing market looks promising with opportunities in the landing gear, engine, flight control system, and aerostructure markets. The global aerospace bearing market is expected to reach an estimated $19.2 billion by 2030 with a CAGR of 7.6% from 2024 to 2030. The major drivers for this market are increasing fleet of commercial and combat aircraft to drive the aerospace bearings after market, greater emphasis on lightening vehicles, expanding the space industry globally, along with developing new technologies, and examining the effects of the green aerospace industry on supply chain supplements.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Aerospace Bearing by Segment
The study includes a forecast for the global aerospace bearing by material, type, sale channel, application, and region.
Aerospace Bearing Market by Material [Shipment Analysis by Value from 2018 to 2030]:
• Stainless Steel
• Fiber-Reinforced Composites
• Engineered Plastic
• Aluminum Alloy
• Metal Backed
• Others
Aerospace Bearing Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• Ball Bearings
• Roller Bearings
• Others
Aerospace Bearing Market by Sale Channel [Shipment Analysis by Value from 2018 to 2030]:
• OEM
• Aftermarket
Aerospace Bearing Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Landing Gear
• Engine
• Flight Control System
• Aerostructure
• Others
Aerospace Bearing Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Aerospace Bearing Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies aerospace bearing companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the aerospace bearing companies profiled in this report include-
• AST Bearings
• Aurora Bearings
• GGB Bearings Technology
• JTEKT
• Kaman Speciality Bearings
Aerospace Bearing Market Insights
Lucintel forecasts that aftermarket is expected to witness the highest growth over the forecast period due to increasing focus on aircraft maintenance and the need for replacement parts.
APAC is expected to witness highest growth over the forecast period due to increasing air traveler traffic and local businesses beginning to produce airplanes in the region.
Features of the Global Aerospace Bearing Market
Market Size Estimates: Aerospace bearing market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Aerospace bearing market size by material, type, sale channel, application, and region in terms of value ($B).
Regional Analysis: Aerospace bearing market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different material, type, sale channel, application, and regions for the aerospace bearing market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the aerospace bearing market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the growth forecast for aerospace bearing market?
Answer: The global aerospace bearing market is expected to reach an estimated $19.2 billion by 2030.
Q2. What is the growth forecast for aerospace bearing market?
Answer: The global aerospace bearing market is expected to grow with a CAGR of 7.6% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the aerospace bearing market?
Answer: The major drivers for this market are increasing fleet of commercial and combat aircraft to drive the aerospace bearings after market, greater emphasis on lightening vehicles, expanding the space industry globally, along with developing new technologies, and examining the effects of the green aerospace industry on supply chain supplements.
Q4. What are the major segments for aerospace bearing market?
Answer: The future of the global aerospace bearing market looks promising with opportunities in the landing gear, engine, flight control system, and aerostructure markets.
Q5. Who are the key aerospace bearing market companies?
Answer: Some of the key aerospace bearing companies are as follows:
• AST Bearings
• Aurora Bearings
• GGB Bearings Technology
• JTEKT
• Kaman Speciality Bearings
Q6. Which aerospace bearing market segment will be the largest in future?
Answer: Lucintel forecasts that aftermarket is expected to witness the highest growth over the forecast period due to increasing focus on aircraft maintenance and the need for replacement parts.
Q7. In aerospace bearing market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period due to increasing air traveler traffic and local businesses beginning to produce airplanes in the region.
Q8. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the aerospace bearing market by material (stainless steel, fiber-reinforced composites, engineered plastic, aluminum alloy, metal backed, and others), type (ball bearings, roller bearings, and others), sale channel (OEM and aftermarket), application (landing gear, engine, flight control system, aerostructure, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Aerospace Bearing Market, Aerospace Bearing Market Size, Aerospace Bearing Market Growth, Aerospace Bearing Market Analysis, Aerospace Bearing Market Report, Aerospace Bearing Market Share, Aerospace Bearing Market Trends, Aerospace Bearing Market Forecast, Aerospace Bearing Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global Aerospace Bearing Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Aerospace Bearing Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Aerospace Bearing Market by Material
3.3.1: Stainless Steel
3.3.2: Fiber-Reinforced Composites
3.3.3: Engineered Plastic
3.3.4: Aluminum Alloy
3.3.5: Metal Backed
3.3.6: Others
3.4: Global Aerospace Bearing Market by Type
3.4.1: Ball bearings
3.4.2: Roller bearings
3.4.3: Others
3.5: Global Aerospace Bearing Market by Sale Channel
3.5.1: OEM
3.5.2: Aftermarket
3.6: Global Aerospace Bearing Market by Application
3.6.1: Landing Gear
3.6.2: Engine
3.6.3: Flight Control System
3.6.4: Aerostructure
3.6.5: Others
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Aerospace Bearing Market by Region
4.2: North American Aerospace Bearing Market
4.2.1: North American Aerospace Bearing Market by Sale Channel: OEM and Aftermarket
4.2.2: North American Aerospace Bearing Market by Application: Landing Gear, Engine, Flight Control System, Aerostructure, and Others
4.3: European Aerospace Bearing Market
4.3.1: European Aerospace Bearing Market by Sale Channel: OEM and Aftermarket
4.3.2: European Aerospace Bearing Market by Application: Landing Gear, Engine, Flight Control System, Aerostructure, and Others
4.4: APAC Aerospace Bearing Market
4.4.1: APAC Aerospace Bearing Market by Sale Channel: OEM and Aftermarket
4.4.2: APAC Aerospace Bearing Market by Application: Landing Gear, Engine, Flight Control System, Aerostructure, and Others
4.5: ROW Aerospace Bearing Market
4.5.1: ROW Aerospace Bearing Market by Sale Channel: OEM and Aftermarket
4.5.2: ROW Aerospace Bearing Market by Application: Landing Gear, Engine, Flight Control System, Aerostructure, and Others
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Aerospace Bearing Market by Material
6.1.2: Growth Opportunities for the Global Aerospace Bearing Market by Type
6.1.3: Growth Opportunities for the Global Aerospace Bearing Market by Sale Channel
6.1.4: Growth Opportunities for the Global Aerospace Bearing Market by Application
6.1.5: Growth Opportunities for the Global Aerospace Bearing Market by Region
6.2: Emerging Trends in the Global Aerospace Bearing Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Aerospace Bearing Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Aerospace Bearing Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: AST Bearings
7.2: Aurora Bearings
7.3: GGB Bearings Technology
7.4: JTEKT
7.5: Kaman Speciality Bearings
.
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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