Market Overview:
The global spherical bearings for aerospace market is estimated to be valued at US$ XX Mn in 2018 and is projected to reach US$ XX Mn by 2030, exhibiting a CAGR of X.X% during the forecast period. The market growth can be attributed to the increasing demand for aircrafts and rising need for lightweight components in the aerospace industry. Based on product segments, the spherical ball bearings segment is expected to account for a major share of the global spherical bearings for aerospace market during the forecast period. This can be attributed to their high performance and durability characteristics. Based on material, stainless steel is expected to account for a major share of the global spherical bearings for aerospace market during the forecast period.
Product Definition:
Spherical bearings provide support and guidance for rotating parts. They are typically found in high-speed applications, such as aircraft engines and turbines. The bearings' round shape allows them to spin more freely, which improves efficiency. Additionally, their spherical shape distributes stress evenly across the bearing surface, reducing wear and tear.
By Product Segments:
Spherical Bearings For Aerospace Market By End Use (Commercial, Military & Defense), And Segment Forecasts, 2018 - 2025 -> The global spherical bearings for aerospace market size was valued at USD 1.08 billion in 2016 and is expected to grow at a CAGR of XX% from 2017 to 2025.
Spherical Ball Bearings:
Spherical ball bearings are used in aerospace applications owing to their high precision, low friction, and high load carrying capacity. These products are manufactured using various raw materials such as stainless steel, aluminum alloys, ceramic metals or polymers. The selection of the material is based on the type of application for which they are being designed. For example; stainless steel is highly preferred for its use in aerospace industry due to its corrosion resistance property under extreme conditions.
Application Insights:
The military segment dominated the global spherical bearings for aerospace market in 2017, accounting for a share of over 60.0% by revenue. The growth of this application segment can be attributed to the increasing defense expenditure across various countries including Russia, U.S., China and India as major economies are engaged in conflicts around the world owing to which military aircraft production is at its peak resulting in high demand for bearings that provide long-term stability and smooth functioning of critical systems on board these aircrafts.
Civilian applications include air traffic control towers, space vehicles used by astronauts on board spacecrafts.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to increasing demand from end-use industries, such as aerospace and defense, automotive, industrial machinery, marine & watercraft. China is one of the largest producers of these products owing to easy availability of raw materials and skilled labor at low cost.
The U.S., being a major military power across the globe has increased spending on military equipment including aircrafts which are manufactured using these bearings for critical components such as rotors or gear boxes etc., thereby driving regional product demand over the forecast period. Europe accounted for more than 20% share in terms of revenue in 2017 due to high production volume generated by prominent manufacturers based there like SKF (Sweden), FAG (Germany) bearing factory Gebruder Grimm + Grohne AG (Germany).
Growth Factors:
- Growing demand for aircraft and spacecraft
- Increasing adoption of spherical bearings in aerospace industry
- Rising number of air passengers globally
- Proliferation of new aircraft models and variants by leading airplane manufacturers
- Technological advancements in the sphere of aerospace engineering
Scope Of The Report
Report Attributes
Report Details
Report Title
Spherical Bearings for Aerospace Market Research Report
By Type
By Product Segments, Spherical Ball Bearings, Spherical Roller Bearings, Spherical Plain Bearings, Spherical Rod End Bearings, Other, By Material, Stainless Steel, Engineered Plastics, Fiber-Reinforced Composites, Other
By Application
Military, Civilian
By Companies
SKF Group, The Timken Company, GGB Bearings Technology, JTEKT Corporation, NSK, RBC Bearings Inc, Aurora Bearing, FYH Bearing, AST Bearings LLC, Moline Bearing Company, Precision Bearings Pvt.Ltd, KML Motion Industries Co., NBC Bearings, New Hampshire Ball Bearings, Yogi Hi Tech Pvt. Ltd, BMG, Baltic Bearing Company, CCTY Bearing Company, NTN-SNR, Shanghai Shi Kun Bearing, S.B. Rod End, Halu Bearing, Iko Nippon Thompson
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
237
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Spherical Bearings for Aerospace Market Report Segments:
The global Spherical Bearings for Aerospace market is segmented on the basis of:
Types
By Product Segments, Spherical Ball Bearings, Spherical Roller Bearings, Spherical Plain Bearings, Spherical Rod End Bearings, Other, By Material, Stainless Steel, Engineered Plastics, Fiber-Reinforced Composites, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Military, Civilian
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- SKF Group
- The Timken Company
- GGB Bearings Technology
- JTEKT Corporation
- NSK
- RBC Bearings Inc
- Aurora Bearing
- FYH Bearing
- AST Bearings LLC
- Moline Bearing Company
- Precision Bearings Pvt.Ltd
- KML Motion Industries Co.
- NBC Bearings
- New Hampshire Ball Bearings
- Yogi Hi Tech Pvt. Ltd
- BMG
- Baltic Bearing Company
- CCTY Bearing Company
- NTN-SNR
- Shanghai Shi Kun Bearing
- S.B. Rod End
- Halu Bearing
- Iko Nippon Thompson
Highlights of The Spherical Bearings for Aerospace Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- By Product Segments
- Spherical Ball Bearings
- Spherical Roller Bearings
- Spherical Plain Bearings
- Spherical Rod End Bearings
- Other
- By Material
- Stainless Steel
- Engineered Plastics
- Fiber-Reinforced Composites
- Other
- By Application:
- Military
- Civilian
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Spherical Bearings for Aerospace Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Spherical bearings are used in aerospace applications to reduce friction and wear. They are also used for positioning and motion control systems.
Some of the major players in the spherical bearings for aerospace market are SKF Group, The Timken Company, GGB Bearings Technology, JTEKT Corporation, NSK, RBC Bearings Inc, Aurora Bearing, FYH Bearing, AST Bearings LLC, Moline Bearing Company, Precision Bearings Pvt.Ltd, KML Motion Industries Co., NBC Bearings, New Hampshire Ball Bearings, Yogi Hi Tech Pvt. Ltd, BMG, Baltic Bearing Company, CCTY Bearing Company, NTN-SNR, Shanghai Shi Kun Bearing, S.B. Rod End, Halu Bearing, Iko Nippon Thompson.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Spherical Bearings for Aerospace Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Spherical Bearings for Aerospace Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Spherical Bearings for Aerospace Market - Supply Chain
4.5. Global Spherical Bearings for Aerospace Market Forecast
4.5.1. Spherical Bearings for Aerospace Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Spherical Bearings for Aerospace Market Size (000 Units) and Y-o-Y Growth
4.5.3. Spherical Bearings for Aerospace Market Absolute $ Opportunity
5. Global Spherical Bearings for Aerospace Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Spherical Bearings for Aerospace Market Size and Volume Forecast by Type
5.3.1. By Product Segments
5.3.2. Spherical Ball Bearings
5.3.3. Spherical Roller Bearings
5.3.4. Spherical Plain Bearings
5.3.5. Spherical Rod End Bearings
5.3.6. Other
5.3.7. By Material
5.3.8. Stainless Steel
5.3.9. Engineered Plastics
5.3.10. Fiber-Reinforced Composites
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Spherical Bearings for Aerospace Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Spherical Bearings for Aerospace Market Size and Volume Forecast by Application
6.3.1. Military
6.3.2. Civilian
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Spherical Bearings for Aerospace Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Spherical Bearings for Aerospace Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Spherical Bearings for Aerospace Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Spherical Bearings for Aerospace Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Spherical Bearings for Aerospace Demand Share Forecast, 2019-2026
9. North America Spherical Bearings for Aerospace Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Spherical Bearings for Aerospace Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Spherical Bearings for Aerospace Market Size and Volume Forecast by Application
9.4.1. Military
9.4.2. Civilian
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Spherical Bearings for Aerospace Market Size and Volume Forecast by Type
9.7.1. By Product Segments
9.7.2. Spherical Ball Bearings
9.7.3. Spherical Roller Bearings
9.7.4. Spherical Plain Bearings
9.7.5. Spherical Rod End Bearings
9.7.6. Other
9.7.7. By Material
9.7.8. Stainless Steel
9.7.9. Engineered Plastics
9.7.10. Fiber-Reinforced Composites
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Spherical Bearings for Aerospace Demand Share Forecast, 2019-2026
10. Latin America Spherical Bearings for Aerospace Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Spherical Bearings for Aerospace Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Spherical Bearings for Aerospace Market Size and Volume Forecast by Application
10.4.1. Military
10.4.2. Civilian
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Spherical Bearings for Aerospace Market Size and Volume Forecast by Type
10.7.1. By Product Segments
10.7.2. Spherical Ball Bearings
10.7.3. Spherical Roller Bearings
10.7.4. Spherical Plain Bearings
10.7.5. Spherical Rod End Bearings
10.7.6. Other
10.7.7. By Material
10.7.8. Stainless Steel
10.7.9. Engineered Plastics
10.7.10. Fiber-Reinforced Composites
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Spherical Bearings for Aerospace Demand Share Forecast, 2019-2026
11. Europe Spherical Bearings for Aerospace Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Spherical Bearings for Aerospace Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Spherical Bearings for Aerospace Market Size and Volume Forecast by Application
11.4.1. Military
11.4.2. Civilian
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Spherical Bearings for Aerospace Market Size and Volume Forecast by Type
11.7.1. By Product Segments
11.7.2. Spherical Ball Bearings
11.7.3. Spherical Roller Bearings
11.7.4. Spherical Plain Bearings
11.7.5. Spherical Rod End Bearings
11.7.6. Other
11.7.7. By Material
11.7.8. Stainless Steel
11.7.9. Engineered Plastics
11.7.10. Fiber-Reinforced Composites
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Spherical Bearings for Aerospace Demand Share, 2019-2026
12. Asia Pacific Spherical Bearings for Aerospace Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Spherical Bearings for Aerospace Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Spherical Bearings for Aerospace Market Size and Volume Forecast by Application
12.4.1. Military
12.4.2. Civilian
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Spherical Bearings for Aerospace Market Size and Volume Forecast by Type
12.7.1. By Product Segments
12.7.2. Spherical Ball Bearings
12.7.3. Spherical Roller Bearings
12.7.4. Spherical Plain Bearings
12.7.5. Spherical Rod End Bearings
12.7.6. Other
12.7.7. By Material
12.7.8. Stainless Steel
12.7.9. Engineered Plastics
12.7.10. Fiber-Reinforced Composites
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Spherical Bearings for Aerospace Demand Share, 2019-2026
13. Middle East & Africa Spherical Bearings for Aerospace Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Spherical Bearings for Aerospace Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Spherical Bearings for Aerospace Market Size and Volume Forecast by Application
13.4.1. Military
13.4.2. Civilian
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Spherical Bearings for Aerospace Market Size and Volume Forecast by Type
13.7.1. By Product Segments
13.7.2. Spherical Ball Bearings
13.7.3. Spherical Roller Bearings
13.7.4. Spherical Plain Bearings
13.7.5. Spherical Rod End Bearings
13.7.6. Other
13.7.7. By Material
13.7.8. Stainless Steel
13.7.9. Engineered Plastics
13.7.10. Fiber-Reinforced Composites
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Spherical Bearings for Aerospace Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Spherical Bearings for Aerospace Market: Market Share Analysis
14.2. Spherical Bearings for Aerospace Distributors and Customers
14.3. Spherical Bearings for Aerospace Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. SKF Group
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. The Timken Company
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. GGB Bearings Technology
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. JTEKT Corporation
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. NSK
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. RBC Bearings Inc
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Aurora Bearing
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. FYH Bearing
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. AST Bearings LLC
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Moline Bearing Company
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Precision Bearings Pvt.Ltd
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. KML Motion Industries Co.
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. NBC Bearings
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. New Hampshire Ball Bearings
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Yogi Hi Tech Pvt. Ltd
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. BMG
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Baltic Bearing Company
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. CCTY Bearing Company
14.4.18.1. Overview
14.4.18.2. Financials
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