Global Aerospace Bearings Market

Posted 5 months ago

Global Aerospace Bearings Market

Posted 5 months ago


The Global Aerospace Bearings Market was valued at US$ 7.92 Bn in 2019 and is expected to reach US$ 13.0 Bn by 2026, at a CAGR of 6.39% during a forecast period.

The report includes the analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.

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Aerospace bearings are installed in aircraft & aerospace systems containing commercial, private, military, and space applications.

The rise in the number of aircraft deliveries, up-gradation of aircraft to reduce operating cost are boosting the growth of the global aerospace bearings market. The key opportunity of the market is the rising use of fiber-composite & thermoplastic bearings. Delay in earning quality accreditations is the main challenge of the market. However, increasing raw material costs and high R&D funds are limiting the growth of the market.

The roller segment of the aerospace bearings market is expected to grow at the highest CAGR during the forecast period owing to the use of roller bearings in maximum parts of an aircraft, which is supported by increased demand for aircraft during the forecast period. The ball bearing is used widely throughout aircraft airframe & engine design. Ball bearings are the most versatile and flexible.
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    Global Aerospace Bearings Market
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