The estimated value of the aerospace bearing 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.
Persistence Market Research has rolled out a new market research report titled “Aerospace Bearing Market: 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.
Owing to economic and demographic growth of the Asia Pacific region, IATA expects Asia Pacific to be the fastest growing aerospace bearing market among all regions. Moreover, airline carriers are focusing on improving passenger comfort, which will lead to increased adoption of comfortable, highly customized and advanced cabin interior systems.
Competitive Landscape
Some of the key players involved in the manufacturing of Aerospace Bearings and included in this study are 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.
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