Trunnion Spherical Bearings Market – Full Depth Analysis with Manufacturers Data 2021 to 2027

The global trunnion spherical bearings market was valued at US$ 37.45 Bn in 2019 and is expected to exhibit a CAGR of 4.7% during the forecast period (2020 - 2027).

Trunnion spherical bearing is a special type of bearing, which is used when there is axial load on the shaft with rotational movement. Trunnion spherical bearings also allow certain misalignment of the rotating shaft, which further reduces vibrational in the machine. Due to these benefits provided by trunnion spherical bearings, it finds application in aviation industry, manufacturing industry, oil and gas industry, and others.
In the aviation industry, trunnion spherical bearings are used in rotors, as the rotor has to operate under rotating motion and with axial wind force.

The aviation industry is rapidly growing in emerging economies such as India, China, and Brazil. According to a report published by India Brand Equity Foundation in March 2020, India’s international and domestic combined passenger traffic reached 293.99 Bn in January 2020 and domestic passenger traffic reached 235.44 billion.

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What is the primary factor contributing to growth of the global trunnion spherical bearings market?
Increasing demand for trunnion spherical bearings in the aviation industry is driving growth of the global trunnion spherical bearings market.

Who are the key players operating in the global trunnion spherical bearings market?
The major players operating in the global trunnion spherical bearings market include AB SKF, Pratt & Whitney, Rockwell Automation, Inc., Safran S.A., Avio S.p.A., IHI Corporation, AST Bearings LLC, Thomson Industries, Inc., NTN Corporation, NSK Ltd., Schaeffler Technologies AG & Co. KG, General Electric Company, ILJIN co., ltd., JTEKT Corporation, The Timken Company, GMB Corporation, and others.

Among industry, which segment held the largest market share in 2019?
Among industry, aviation segment held the largest market share, contributing XX% market share in terms of value in 2019.

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