Lucintel Forecasts the Global Aerospace Bearing Market to Reach $19.2 billion by 2030
Lucintel Forecasts the Global Aerospace Bearing Market to Reach $19.2 billion by 2030
Blog Article
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 from $12.4 billion in 2023, at a CAGR of 7.6% from 2024 to 2030. The major drivers for this market are increasing fleet of commercial and combat aircraft to drive the aerospace bearings after market, greater emphasis on lightening vehicles, expanding the space industry globally, along with developing new technologies, and examining the effects of the green aerospace industry on supply chain supplements.
A more than 150-page report to understand trends, opportunity and forecast in aerospace bearing market to 2030 by material (stainless steel, fiber-reinforced composites, engineered plastic, aluminum alloy, metal backed, and others), type (ball bearings, roller bearings, and others), sale channel (OEM and aftermarket), application (landing gear, engine, flight control system, aerostructure, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that aftermarket is expected to witness the highest growth over the forecast period due to increasing focus on aircraft maintenance and the need for replacement parts.
Download sample by clicking on aerospace bearing market
APAC is expected to witness highest growth over the forecast period due to increasing air traveler traffic and local businesses beginning to produce airplanes in the region.
AST Bearings, Aurora Bearings, GGB Bearings Technology, JTEKT, Kaman Specialty Bearings are the major suppliers in the aerospace bearing market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.com To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056
Explore Our Latest Publications
Atmospheric Satellite Market
Caged Drone Market
Consumer Drone Market
Electric Drone Market
Emergency Drone Market
Fire Drone Market