Press release
Global Aerospace Bearings Market to Reach $14.62 Billion by 2029, Growing at 10.9% CAGR
Aerospace Bearings Market Size
The growth of the aerospace bearings market is greatly influenced by the escalating focus on the eco-friendly aerospace sector. Emphasis is placed on advancing aircraft fuel productivity and creating innovative technologies and systems to enable an international future of carbon-neutral flight. Leading aerospace bearings manufacturers are intent on designing bearings that are fuel-effective which will incline market demand towards low-emission goods. For example, in December 2022, the International Air Transport Association, a trade group based in Canada, stated that the production of sustainable aviation fuel (SAF) is projected to swell by 200% from 2021, totaling 300 million liters in 2022. This largely depends on the utilization of hydrogen as the main power source. As such, the attention given to the eco-friendly aerospace sector is anticipated to drive the growth of the aerospace bearings market in the future.
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How will the growth rate of the aerospace bearings market shape industry trends by 2034?
Recent years have seen a robust expansion in the aerospace bearings market size. The market, which is set to rise from $8.68 billion in 2024 to $9.66 billion in 2025, will enjoy a compound annual growth rate (CAGR) of 11.3%. The historical period's growth has been fueled by an aging aircraft fleet, increasing military budgets, regulatory shifts, a surge in space exploration efforts, and a heightened focus on lightweight materials.
The market for aerospace bearings is predicted to experience a swift expansion in the coming years, hitting $14.62 billion in 2029 with a compound annual growth rate (CAGR) of 10.9%. This projected growth during the forecast period is due to factors such as the development of emerging markets, cybersecurity risks, infrastructural expansion, escalating demand for new aircraft, and the increased need for UAVs. The notable trends to watch for in this period include advancements in lubrication technologies, intelligent bearings, miniaturization, sustainable bearing solutions, and condition monitoring.
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What trends are poised to drive the future success of the aerospace bearings market?
Leading entities in the aerospace bearings market are prioritizing the creation of groundbreaking solutions like turbine generator bearings to improve the efficiency and dependability of aerospace uses. Turbine Generator Bearings are specialized bearings made to support the rotating parts of turbine generators, critical in various aerospace and industrial operations. For instance, NSK Ltd., a company based in Japan, introduced a new gas turbine generator bearing, specifically built for electric vertical take-off and landing (eVTOL) aircraft, including large drones, in April 2024. This unique bearing has a special lubrication mechanism that considerably cuts the lubricant supply by almost 80%, thereby extending the flight ranges of eVTOLs. The bearing can attain extraordinary speed revolution performance surpassing 2.5 million dmn and also reduces power loss by around 30% when compared to conventional jet lubrication systems. The design enables lighter oil supply scavenge pumps and lubricant tanks, thus further boosting the efficiency of eVTOL operations.
Which primary segments of the aerospace bearings market are driving growth and industry transformations?
The aerospace bearings market covered in this report is segmented -
1) By Bearing Type: Plain Bearing, Roller Bearing, Ball Bearing, Others
2) By Material: Stainless Steel, Fiber-Reinforced Composites, Engineered Plastics, Ceramics, Alloy
3) By Application: Landing Gear, Cockpit Control, Aerostructure, Aircraft Systems, Engine And APU Systems, Doors, Aircraft Interiors
Subsegments:
1) By Plain Bearing: Solid Plain Bearings, Sleeve Bearings, Journal Bearings, Thrust Bearings
2) By Roller Bearing: Cylindrical Roller Bearings, Tapered Roller Bearings, Spherical Roller Bearings, Needle Roller Bearings
3) By Ball Bearing: Deep Groove Ball Bearings, Angular Contact Ball Bearings, Self-Aligning Ball Bearings, Thrust Ball Bearings
4) By Others: Magnetic Bearings, Fluid Bearings, Composite Bearings, Special-purpose Bearings
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Which geographical regions are pioneering growth in the aerospace bearings market?
North America was the largest region in the aerospace bearings market in 2024. North America is expected to be the fastest-growing region in the aerospace bearings market share during the forecast period. The regions covered in the aerospace bearings market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Who are the influential players reshaping the aerospace bearings market landscape?
Major companies operating in the aerospace bearings market include AST Bearings LLC, EnPro Industries Inc., JTEKT Corporation, Kaman Corporation, New Hampshire Ball Bearings Inc., National Precision Bearing Group of Mechatronics Inc., RBC Bearings Incorporated, SKF Group, Schaeffler AG, NTN Corporation, The Timken Company, Pacamor Kubar Bearings (PKB), Regal Beloit Corporation, Schatz Bearing Corporation, HKT Bearings Limited, GGB Bearing Technology, NSK Ltd., THK CO. LTD., Aurora Bearing Company, Precision Bearing Co., SGL Bearings India Private Limited, Spherical Bearings Private Limited, The Barden Corporation., The General Bearing Corporation., The Torrington Company., TimkenSteel Corporation, Trelleborg Sealing Solutions, Wafangdian Bearing Co Ltd., Zhejiang Tianma Bearing Co Ltd., ZYS Bearing Co Ltd.
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What Is Covered In The Aerospace Bearings Global Market Report?
•Market Size Forecast: Examine the aerospace bearings market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the aerospace bearings market for a structured understanding.
•Key Players Overview: Analyze major players in the aerospace bearings market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the aerospace bearings market.
•Segment Contributions: Evaluate how different segments drive overall growth in the aerospace bearings market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the aerospace bearings market.
•Industry Challenges: Identify potential risks and obstacles affecting the aerospace bearings market.
•Competitive Landscape: Review strategic developments in the aerospace bearings market, including expansions, agreements, and new product launches.
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