Growing Inclination towards Air Travel and Transportation to drive the Aerospace Bearings Market
The ever-increasing air passenger traffic along with the rising in aircraft movements do drive the sales of aerospace bearings. This and many other factors have been described well by Persistence Market research in its latest market study entitled “Aerospace Bearings market”. Subsequent steps to be taken are also entailed.
Categorization of the Aerospace Bearings Market
The global aerospace bearings market, by type of product, spans plain bearing, ball bearing, and roller bearing. By application, it’s engine management systems, flight control systems, landing gears, and interiors & others. By type of aircraft, it’s a wide body, narrow body, freighter, and regional jet. By type of material, it’s alloyed, stainless steel, ceramics, and composites. By sales channel, it’s aftermarket and OEM. Out of these, aftermarket holds the largest market share due to growing safety regulations prompting the aircraft’s maintenance checks. Also, ball-bearing dominates the market as it finds applications in various areas – right from cockpit controls and engines to aerostructures and landing gears. Stainless steel and alloys are preferred due to the durability factor involved. Persistence Market Research has mentioned these developments with calls to action in its latest market study entitled “Aerospace Bearings market”.
With low-emission products taking shape, manufacturers are also into the development of fuel-efficient and lightweight bearings.
North America and Europe are at the mature stage concerning the aerospace bearings market. However, the Asia-Pacific is expected to go great guns in the aerospace bearings market shortly due to an increase in the number of transport carriers and freight fleets herein. The business aviation industry is also growing by leaps and bounds in the MEA. Persistence Market Research has walked through these facets with insights in its latest market study entitled “Aerospace Bearings Market”.
Persistence Market Research has entailed the key players in the aerospace bearings market as 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, and likewise.
Persistence Market Research has also moved further by mentioning the latest developments in this regard. For instance – NSK Ltd., in January 2021, did table a novel bearing technology accelerating the spindle assembly process, improving reliability, and reducing run-time. This technology does lower grease run-in time as the new roller-guided cage does expel lubricants in a short period and also more effectively. Failures and leakages could also be averted. Kaman Corporation, in November 2020, inked an agreement with Bal Seal Engineering, to acquire it by investing US$ 300 Mn therein. The same Kaman, in February 2020, did secure a reseller agreement for marketing the spare parts like bearings for “K-MAX medium-to-heavy helicopters” across the UAE.
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