The growth of the global market for aerospace bearings is largely driven by the increasing number of aircraft deliveries. Air traffic is growing in developed as well as developing nations which is leading to an enhanced demand for more aircraft. This has led aircraft manufacturers and aircraft engine manufacturers to procure bearings for various applications. Moreover, the need to modernize the older aircraft with new, ... Read more
The key players in the global aerospace bearing market are SKF Group (Sweden), JTEKT Corporation (Japan), RBC Bearings Inc. (US), NSK Ltd (Japan), The Timken Company (US), GGB Bearings Technology (US), Aurora Bearing Company (US), Schaeffler Technologies AG & Co. KG (Germany), National Bearing Precision (US), and NTN Corporation (Japan).
According to a market report by Lucintel, the future of the global aerospace bearing market looks promising with opportunities in the landing gear, engine, flight control system, and aerostructure markets. The global aerospace bearing market is expected to reach an estimated $19.2 billion by 2030 with a CAGR of 7.6% from ... Read more
