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Aerospace Bearings Market: Global Forecast until 2022

  • April 2017
  • 174 pages
  • ID: 4837040
In this report:
Defense sub-sector revenues in the U.S. are expected to grow at ##.##% in 2017, as defense spending in the U.S. has started to grow once again after multi-year declines in defense budgets, and future growth in its defense sector is also likely to be driven by the new US administration's increased focus on strengthening the US military.
According to Honeywell, global deliveries of new civilian-use helicopters will increase between 2013 and 2018, and could reach a total of ##,## with delivery rates expected to reach ##,## units per year.

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"Rise in aircraft deliveries is the main factor impacting the increase of the aerospace bearings market"

The aerospace bearings market was estimated at ~$7.9B in 2016 and is projected to extend ~$11.2B by 2022, at a compound annual growth rate of ~6.0 percent during the forecast period. The growing number of aircraft deliveries and upgradation of aircraft to minimize operating cost are the top drivers for the aerospace bearings market. Backlogs in current aircraft orders act as a restraint in rise of the aerospace bearings market.

"Established on category, the roller segment is expected to rise at the maximal CAGR during the estimate period"

Established on category, the roller segment of the aerospace bearings market is anticipated to rise at the maximal CAGR (Compound annual growth rate) during the outlook period. As roller bearings find application in maximum parts of an aircraft, the growing demand for aircraft in the outlook is predicted to push the demand for bearings.

"Established on material, the fiber-reinforced composites segment is expected to grow at the maximal compound annual growth rate (CAGR) during the estimate period"

Established on material, the fiber-reinforced composites segment of the aerospace bearings market is anticipated to rise at the highest CAGR (Compound annual growth rate) during the outlook period. This industry segment is anticipated to grow, as these bearings support high static and dynamic loads, and are ideal for corrosive environments including seawater and acidic.

"North America continent led the aerospace bearings market in 2016"

The North America area led the aerospace bearings market in 2016 accounting for the more significant share of the market in the same year due to the growth in the number of aircraft deliveries and modernization of aircraft. The aerospace bearings market in Asia-Pacific area is forecast to grow at the highest compound annual growth rate (CAGR) during the estimate period.

Main aircraft manufacturing firms across the world are establishing their manufacturing base in APAC and hence, the aerospace bearings market in commercial and military application is anticipated to grow during the outlook period. Territories in this region including Japan and Russian Federation have re-entered the aircraft manufacturing business by launching commercial regional aircraft in the past two years.

Break-up of profiles of primary members taking part in this business report:

• By Company category: Tier 1 - 35.0 percent, Tier 2 - 45.0 percent and Tier 3 - 20.0 percent

• By Description: C-suite - 35.0 percent, D-level - 25.0 percent, Others - 40.0 percent

• By Area: North America (NA) - 45.0 percent, EU - 20.0 percent, Asia-Pac - 30.0 percent, RoW - 5.0 percent

Top players decribed in the aerospace bearings market contain GGB Bearings Technology, National Precision Bearings, SKF Group, JTEKT Corporation, and RBC Bearings Inc. among others.

Segment Research

The study segments the aerospace bearings market based on type (roller, ball, and others), material (stainless steel, fiber-reinforced composites, metal-backed, aluminum alloys, engineered plastics and others), application (engine, landing gear, flight control system, aerostructure, and others), and aircraft type (wide body aircraft, narrow body aircraft, very big aircraft, regional transport aircraft, business jet, fighter jet, helicopter, and others), and has studied this sector for territories, that is, North America continent, Europe (EU), Asia Pacific (APAC), and the Rest of the globe.

The study offers detailed market intelligence concerning the market opportunities and top factors influencing the increase of the aerospace bearings market (drivers, industry restraints, possibilities, and market-specific challenges), together with analyzing micromarkets with respect to individual developments trends, future perspectives, and their contribution to the aerospace bearings market.

Why acquiring this study can help you:

From an insight prospect, this market research has emphasized different levels of analyses - industry study, market ranking study of top actors, supply chain research, and company descriptions, which together comprise and examine basic views on opposing landscape, coming out and high-growth segments of the aerospace bearings market, high increase regions, and sector drivers, market restraints, and alternatives.

This study furnishes highlights on the following points:

• Market Uptake: Exhaustive data on aerospace bearings provided by key players in the sector

• Product Development/Innovative products: In-depth understanding on up-on-coming technologies, analysis & growth activities, and recent product launches in the aerospace bearings market

• Market Development: Highlighted information about lucrative industries - the market research examines the industries for aerospace bearings across localities

• industry diversification: Complete information about recent products, untapped areas, recent evolutions, and market investments in the aerospace bearings market

• opposing assessment: Detailed assessment of market shares, strategies, products, and manufacturing competences of key players in the aerospace bearings market

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