Air Bearing Spindle Market Size is anticipated to reach at a CAGR of 5.5% during the forecast period | Top Key Players - ABTech Inc., Novanta Inc., Air Bearings Ltd, PI Nelson Air Corp, Seagull Soutions Inc., NTN Corporation, FME Corporation, NEW WAY air

According to a new report published by xResearch, titled, "Air Bearing Spindle Market 2023- Industry Insights, Trends, Opportunity & Forecast, 2021-2030," the air bearing spindle market size is anticipated to witness exponential growth during the forecast period i.e. 2022-2030.

The increasing application of air bearing spindle in various end-user industries, growing need of accuracy due to new era of industrialization experiencing precision, development of new technologies and technological advancements in air bearing spindle, and rising investment in research and development is expected to drive the growth of air bearing spindle market during the forecast period.

According to the type, the aerostatic air bearing spindle segment led the air bearing spindle market in 2021. The segment is projected to maintain its position further in the market during the forecast period of 2022-2030.

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According to the speed capacity, the below 1000 predominated the air bearing spindle market in 2021. The segment is projected to maintain its position further in the market during the forecast period of 2022-2030.

According to the application, the precision metal tools dominated the air bearing spindle market in 2021. The segment is projected to maintain its position further in the market during the forecast period of 2022-2030.

According to the distribution channel, the direct segment led the air bearing spindle market in 2021. The segment is projected to maintain its position further in the market during the forecast period of 2022-2030.

According to the end-user, the medical segment led the air bearing spindle market in 2021. The segment is projected to maintain its position further in the market during the forecast period of 2022-2030.

Geographically, the North America region dominated the air bearing spindle market in 2021, followed by Asia Pacific, Europe and Latin America.
Within the North America, United States and Canada are seen to hold a dominant portion of the air bearing spindle market due to presence of key market players and presence of well-established automotive, aviation/space, and electronics industry in the region.

Asia Pacific is expected to grow at a highest rate in terms of CAGR during the forecast period. China, Japan, India, and South Korea are the major economies in Asia Pacific, in which China is projected to account for major share in the air bearing spindle market.

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Some of the major air bearing spindle market companies profiled in the report include: ABTech Inc., Novanta Inc., Air Bearings Ltd, PI Nelson Air Corp, Seagull Soutions Inc., NTN Corporation, FME Corporation, NEW WAY air bearings, Professional Instruments Company, OAV Air Bearings, and other players.

The air bearing spindle market is segmented into type, speed capacity, application, distribution channel, end-user, and region.

Based on type, the market is segmented into aerostatic air bearing spindle which is further sub-segmented into porous media, micro-nozzle, orifice type, and air caster., and aerodynamic air bearing spindle which is further sub- segmented into foil bearing and spiral groove bearing. Based on speed capacity, the market is segmented into below 1000 rpm, 1000-60000 rpm, and above 60000 rpm.

Based on the application the market is segmented into precision metal tools, high speed machines, coordinate measuring machines, and others.

Based on the distribution channel, the market is segmented into direct and indirect. Based on end-user, the market is segmented into aviation/space, marine, automotive, semiconductor, medical, machine tools, wastewater management, and others.

The air bearing spindle market is analyzed across North America (U.S. & Canada), Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Rest of Europe), Asia Pacific (China, India, Japan, South Korea, Indonesia, Thailand, Australia, New Zealand, and Rest of Asia Pacific), Latin America (Brazil, Mexico, and the Rest of Latin America) and Middle East & Africa (GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, and Rest of Middle East & Africa).

Key Insights of Air bearing spindle Market

• On the basis of type, the aerostatic air bearing spindle segment led the air bearing spindle market in 2021. The segment is expected to continue with its dominance throughout the forecast period of 2022-2030.

• On the basis of speed capacity, the below 1000 rpm segment led the air bearing spindle market in 2021. The segment is expected to continue with its dominance throughout the forecast period of 2022-2030.

• On the basis of application, the precision metal tools segment led the air bearing spindle market in 2021. The segment is expected to continue with its dominance throughout the forecast period of 2022-2030.

• On the basis of distribution channel, the direct segment led the air bearing spindle market in 2021. The segment is expected to continue with its dominance throughout the forecast period of 2022-2030.

• On the basis of end-user, the medical segment dominated the air bearing spindle market in 2021. The segment is expected to continue with its dominance throughout the forecast period of 2022-2030.

• On the basis of region, the North America region commanded the air bearing spindle market in 2021, due to increasing demand of air bearing spindle for various applications in the region. Asia Pacific is expected to grow at a highest rate in terms of CAGR during the forecast period 2022-2030.

Europe is expected to grow at substantial rate in terms of CAGR during the forecast period due to expanding oil and gas sector in the countries like Frost& Sullivan and Poland. Latin America is expected to witness a significant growth during the forecast period 2022-2030.

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