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.
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$ 10,396.6 Mn 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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FACTS AT A GLANCE
Companies:JTEKT Corp, Schaeffler AG, NSK Ltd., NTN Bearing Corporation, AB SKF, Timken Company, MinebeaMitsumi Inc., Aurora Bearing, National Precision Bearing, GGB Bearings and BC Bearings, among others.
Coverage: All major geographies and key segments
Segments: Aerospace Bearings Market Segmented By Roller Bearing, Ball Bearing, Plain Bearing Product Type in Engine Management Systems, Flight Control Systems, Landing Gears, Interiors with Narrow Body, Wide Body, Freighter, Regional Jet Aircraft Type, Stainless Steel, Alloys, Ceramics, Composites Material Type
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Geographies: North America (U.S., Canada),Latin America (Mexico, Brazil, Argentina, Chile, Peru),Western Europe (Germany, Italy, France, U.K, Spain, BENELUX, Nordic, Eastern Europe),CIS and Russia,Asia-Pacific (China, India, ASEAN, South Korea),Japan,Middle East and Africa (GCC Countries, South Africa, Turkey, Iran, Israel)
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This PMR study offers eight-year analysis and forecast of the global Aerospace Bearing market between 2016 and 2026. The study considers 2017 as the base year with market values estimated for the year 2018 and forecast developed for the duration between 2018 and 2026. Compound Average Growth Rate (CAGR) has been represented from 2016 to 2026. The study covers various perspectives of the market, including market dynamics, value chain, pricing analysis, competition analysis, regional and segmental growth comparison and macro-economic, along with segment level projections, in a comprehensive manner. As per the findings of the study and perspectives of industry participants, the global aerospace bearing market is projected to grow at a CAGR of 7.2% between 2018 and 2028, in terms of value. Growing passenger count, supportive policy framework and increasing MRO activity are some of the factors positively impacting the uptake of aerospace bearings in the global market.
This Persistence Market Research report on aerospace bearings carefully analyses the aerospace bearing market at a global and regional level through market segmentation on the basis of key parameters, such as product type, application, aircraft type, material type and sales channel. The primary objective of the report is to offer key insights on market updates, competition positioning, current trends, market potential, growth rates and other relevant information and statistics in a suitable manner to the readers or various stakeholders in the aerospace bearing market.
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