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Aerospace Bearings Market Share

Report ID: GMI5163
Published Date: Aug 2023
Report Format: PDF

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Aerospace Bearings Market Share

The aerospace bearings market is highly competitive owing to the presence of key players such as

Kaman Corporation
SKF
JTEKT Corporation
Schaeffler AG
The Timken Company
NSK Ltd.
NTN
C&U
ZWZ
LYC
Minebea
NACHi
GGB (EnPro Industries)

Increasing investments in facility centers & acquisitions by industry participants are expected to expand their foothold in the commercial industry. Similarly, significant investments in R&D to gain technological competitiveness and aggressive business strategies, such as technological launches, collaborations & long-term agreements, to capture market shares are positively impacting the aerospace bearings industry.

Authors: Suraj Gujar, Partha Paul

Frequently Asked Questions (FAQ) :

Market size for aerospace bearings was valued at USD 7.3 billion in 2022 and is anticipated to grow at a CAGR of over 8% between 2023 and 2032, backed by the development of electric & hybrid aircraft for greener and more sustainable aviation solutions.

The metal polymer & engineered plastic segment was valued at over USD 850 million in 2022 and is expected to grow at a lucrative pace through 2032, owing to the self-lubricating nature of metal polymer & engineered plastic bearings that eliminates the need for external lubrication.

Demand for ball bearings is estimated to cross USD 650 million through 2027, owing to increasing adoption in commercial and defense aircraft that operate under large temperature ranges.

Kaman Corporation, SKF, JTEKT Corporation, Schaeffler AG, The Timken Company, NSK Ltd., NTN, C&U, ZWZ, LYC, Minebea, NACHi, GGB (EnPro Industries).