Global Air Bearings Market – Industry Analysis and Forecast (2019-2027)
Global Air Bearings Market was valued at US$ 15.7 Bn in 2019 and is expected to reach 29.3 Bn by 2027, at a CAGR of 8.46 % during the forecast period.
The report includes an analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.
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Global Air Bearings Market Dynamics:
In air bearings, the balls are exchanged by pillow of air. The most collective application of air bearings is in the hovercraft. Large fans blow under the hovercraft and the air is surrounded under an elastic rubber 'skirt'. This pillow not only supports the craft’s weight but also acts as a soft spring, which permits for smoothly float over water or land. Alike principle is used by air bearings, where high weight air is fed into the gap between stationary bearings and a rotational shaft.
Technological developments and the thriving automotive industry are primarily driving the air bearings market. The industry competition for air bearings is high, and expenditure and technology dawns in this industry are comparatively high. The demand for air bearings for industrial machinery is also projected to be highly stimulated by rising global manufacturing activity, which helps in related fixed investment expenditures. These factors lead to the growth of the market share during the forecast period.
With expansions in the technology of air bearings, upcoming vehicles can be intended with an array of frictionless motion solutions to overcome the challenges in vehicle testing, which is projected to increase automotive sales across the global market. The unpredictable change in price of raw material required for development of technology will restrict the market.
Global Air Bearings Market Segment Analysis:
On the basis of end-users, automotive, aerospace, semiconductors, optics, metrology, oil and gas, and medical are using high accuracy tools and spindles in manufacturing to enlarge their volumes. These factors help to increase the demand for the air bearing market during the forecast period. Air bearings are also used in semiconductor manufacture, which involves high speed, short-stroke precision with replication in nanometre level positioning, and a controlled environment.
Global Air Bearings Market Regional Analysis:
In geographical area, Asia Pacific leads to the air bearings market, and is projected to grow at a CAGR (XX %) during forecast period. The region is accounted for a 34.1% share of the overall air bearings market in 2019. Development in the Asia Pacific market is accredited to expansion of the aviation industry and rapid industrialization in the region.
North America held the second-largest share in the air bearings market, accounting for 29.9% of the overall industry in 2019. Technological improvements and the flourishing automotive industry in this region are mainly drive the air bearings market during forecast period.
The objective of the report is to present comprehensive assessment projections with a suitable set of assumptions and methodology. The report helps in understanding Global Air Bearings market dynamics, structure by identifying and analyzing the market segments and projecting the global market size. Further, the report also focuses on the competitive analysis of key players by product, price, financial position, growth strategies, and regional presence. To understand the market dynamics and by region, the report has covered the PEST analysis by region and key economies across the globe, which are supposed to have an impact on the market in the forecast period. PORTER’s analysis, and SVOR analysis of the market as well as detailed SWOT analysis of key players has been done to analyze their strategies. The report will address all questions of shareholders to prioritize the efforts and investment in the near future to the emerging segment in the Global Air Bearings market.
Global Air Bearings Market, Key Highlights:
• Global Air Bearings Market analysis and forecast, in terms of value.
• Comprehensive study and analysis of market drivers, restraints and opportunities influencing the growth of the Global Air Bearings Market
• Global Air Bearings Market segmentation on the basis of type, source, end-user, and region (country-wise) has been provided.
• Global Air Bearings Market strategic analysis with respect to individual growth trends, future prospects along with the contribution of
various sub-market stakeholders have been considered under the scope of study.
• Global Air Bearings Market analysis and forecast for five major regions namely North America, Europe, Asia Pacific, the Middle East & Africa (MEA) and Latin America along with country-wise segmentation.
• Profiles of key industry players, their strategic perspective, market positioning and analysis of core competencies are further profiled.
• Competitive developments, investments, strategic expansion and competitive landscape of the key players operating in the Global Air Bearings Market are also profiled.
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Scope of the Global Air Bearings Market Report: Inquire before buying
Global Air Bearings Market, by Type
• Aerostatic Bearings
• Aerodynamic Bearings
Global Air Bearings Market, by Speed Capacity
• < 1,000 rpm
• 1,000 – 60,000 rpm
• > 60,000 rpm
Global Air Bearings Market, by Application
• Precision Material Tools
• Coordinate Measuring Machines
• High Speed Machines
• Others
Global Air Bearings Market, by End-User
• Aviation/Space
• Medical
• Automotive
• Semiconductor
• Wastewater Management
• Others
Global Air Bearings Market, by Region
• North America
• Europe
• Asia Pacific
• Middle East & Africa
• South America
Key Players Operating in the Global Air Bearings Market:
• Air Bearings Ltd.
• APG-Neuros
• Bladon Jets
• Capstone Turbine Corporation
• Honeywell International Inc.
• Hovair Systems Inc.
• IBS Precision Engineering
• LAB Motion Systems
• Specialty Components Inc.
• SKF
• Seagull Solutions Inc.
• R&D Dynamics Corporation
• PI Nelson Air Corp
• OAV Air Bearings
• Mohawk Innovative Technology Inc.
• Leuven Air Bearings NV.
• Specialty Components Inc.
• Hot Air Systems, Inc.
• Canon USA
• MITI
• AMETEK PRECITECH Inc
• Air Caster
• IBS Precision Engineering
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