Research and Markets has announced the addition of the "Aerospace Bearings Market by Type, Application, Material, Aircraft Type, and Region - Global Forecast to 2022" report to their offering.


The aerospace bearings market was valued at USD 7.88 billion in 2016 and is projected to reach USD 11.19 billion by 2022, at a CAGR of 6.01% during the forecast period.


The increasing number of aircraft deliveries and upgradation of aircraft to reduce operating cost are the key drivers for the aerospace bearings market. Backlogs in current aircraft orders act as a restraint in growth of the aerospace bearings market.


Based on type, the roller segment of the aerospace bearings market is expected to grow at the highest CAGR during the forecast period. As roller bearings find application in maximum parts of an aircraft, the increasing demand for aircraft in the future is expected to drive the demand for bearings.


Based on material, the fiber-reinforced composites segment of the aerospace bearings market is anticipated to grow at the highest CAGR during the forecast period. This segment is expected to grow, as these bearings support high static and dynamic loads, and are ideal for corrosive environments such as seawater and acidic.

North America led the aerospace bearings market in 2016

Market Dynamics

Drivers

Increase in the Number of Aircraft Deliveries
Upgradation of Aircraft to Reduce Operating Cost
Restraints

Existing Backlogs of Aircraft Deliveries
Rising Raw Material Cost, and High R&D Investments
Opportunities

Growing Use of Fiber-Composite and Thermoplastic Bearings
Challenges

Delay in Obtaining Quality Accreditations
Companies Mentioned

AST Bearings LLC
Aurora Bearing Company
Enpro Industries, Inc. (GGB Bearings Technology)
JTEKT Corporation
Kaman Corporation
NSK Ltd.
NTN Corporation
National Precision Bearing
New Hampshire Ball Bearings, Inc.
Pacamor Kubar Bearings
RBC Bearings Inc.
Regal Beloit Corporation
Rexnord Corporation
SKF Group
Schaeffler Group
The Timken Company