Aerospace Bearings Market Revenue to Hit the US$ 10.39 Bn Mark by the end of 2026

Aerospace Bearings Market 2022

The estimated value of the aerospace bearing market in 2018 is US$ 5,979.3 Mn. The market is expected to expand at a CAGR of 7.2% and reach US$ 10.39 Bn by the end of 2026. In addition to that, the Aerospace Bearing market is projected to create incremental $ opportunity worth US$ 4,417.3 Mn during the forecast period.

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Persistence Market Research has rolled out a new market research report titled "Aerospace Bearing Market: Global Industry Analysis 2013 - 2017 and Forecast 2018 - 2026", which examines the aerospace bearing market and offers critical insights for the next eight years. Based on the findings specified in the report, the market is expected to witness rising demand due to increasing aircraft fleet and air travel passenger count.

Key Companies -

• AB SKF
• JTEKT Corp.
• Schaeffler AG
• NSK Ltd.
• NTN Bearing Corporation
• Timken Company
• Minebea Co., Ltd.
• RBC Bearings
• Aurora Bearing
• National Precision Bearing
• GGB Bearings
• BC Bearings
• Others.

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Aerospace Bearing Market: Forecast

The global Aerospace Bearing market is estimated to grow and become 1.7X during the forecast period. It is estimated to grow in correlation with aircraft deliveries and fleet size throughout the forecast period.

By region, North America, followed by Europe and Asia Pacific, is projected to dominate the global aerospace bearing market over the forecast period. Moreover, APAC, followed by MEA region, is estimated to remain the most opportunistic region in the aerospace bearing market. In terms of value, APAC is projected to create incremental $ opportunity worth US$ 1,028.3 Mn in the global Aerospace Bearing market during the forecast period.

By application type, the engine management systems segment will dominate the market with a value of US$ 3,873.5 Mn in 2018. However, the flight control systems segment is projected to account for 23.4% of the market value share in the global aerospace bearing market during the forecast period. In terms of growth, the Interior & Others segment is projected to grow with a modest growth rate during the latter half of the forecast period in the global aerospace bearing market.

By sales channel, the OEM segment is expected to dominate the global aerospace bearing market with a year-over-year growth rate of 5.8% in 2018. Additionally, the aftermarket segment is projected to account for more than a 20% share in the global Aerospace Bearing market. The potential for the aerospace bearing aftermarket is expected to remain high owing to increasing aircraft MRO market during the forecast period.

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Key Questions Answered in Aerospace Bearings Market Report -

• What will the Aerospace Bearings Market growth rate in Future?
• What are the key factors driving the global Aerospace Bearings Market?
• Who are the key manufacturers in Aerospace Bearings Market space?
• What are the opportunities and threats faced by the vendors in the global Aerospace Bearings industry?
• What are sales, revenue, and price analysis by regions of Aerospace Bearings industry?

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