Air Bearings Market (2023 to 2029) – Growth, Trends, COVID-19 Impact and Forecast

Air Bearings Market was valued at US$ 9.14 Bn. in 2022. The Air Bearings Market size is estimated to grow at a CAGR of 7.6 % over the forecast period.
Air Bearings Market Overview:
The report explores the Air Bearings market’s segments (Type, Application, End-User, and Region). Data has been provided by market participants and regions (North America, Asia Pacific, Europe, Middle East & Africa, and South America). This market report provides a thorough analysis of the rapid advances that are currently taking place across all industry sectors. Facts and figures, illustrations, and presentations are used to provide key data analysis for the historical period from 2017 to 2022. The report investigates the Air Bearings market’s drivers, limitations, prospects, and barriers. This MMR report includes investor recommendations based on a thorough examination of the Air Bearings market’s contemporary competitive scenario.To know about the Research Methodology:- Request Free Sample Report
Air Bearings Market Dynamics:
Growing Demand of Air Bearing across the Globe:

Air bearings are special components of the bearing industry. It provides low friction and a load-bearing connection with a pressurized air layer between the surfaces. Air bearings demand has significantly grown due to the increased use of high-precision tools and spindles in vehicle production. Some industries like the automation industry and aerospace industry require the precise accuracy of modern tools and equipment. The components like air bearing are having increased growth in the market globally. These air bearings are used in operation, requiring friction-free support with higher speed and automated tools and equipment. These smooth and friction-free advantages of air bearings are driving the use of modern technologies like vibration, mitigation, and shock absorbers. Air bearing uses a thin layer of pressurized gas to provide minimum friction. All these factors of air bearing are leading to the growth of the air bearing market across the countries.

Increase in Demand from various sectors for Air Bearings:

Air Bearings have qualities such as efficiency, repeatability, and high load taking tendency, due to which many companies are replacing their existing tools and elements with air bearings. Air Bearing is much more preferred than mechanical bearings as it recompenses small-scale errors for more accuracy in motion. As air bearings do not have direct contact with the surface hence do not cause any problems like noise generation and imperfection of the V groove. The characteristic of Air Bearings allows motion repeatability of less than 0.22microns. These methods bring up manufacturing stages at a low cost. Increasing business in developing countries for increasing medical facilities, rising sales of automobiles, construction vehicle wind tunnels for testing the speed of the wind, and the quick growth in the robotics segment are also giving rise to the Air Bearing Market growth.

Additionally, many companies are also investing in high-speed air-bearing spindles. For some companies, for checking the position of brushless motors, the position-sensing technology of Air Bearings is used, which is cost-effective, small in size, and accurate enough to provide the information on position changes. Some other factors which are increasing the Air Bearing market are improvised end-user comfort, eco-green solutions, and good regulatory compliances expected to drive the air bearing market during the market forecast period.

High Installations Cost impacting the market growth:

High installation of the air bearings is impacting the market as air bearings require maintenance at regular intervals of time. For an external air supply into the bearings, additional infrastructure is required, which further increases the operational cost of the system. Air Bearings have how stiffness when compared to steel bearings rolling elements. Air Bearing has more susceptibility to amplifier tempted or environmental vibrations. It also has Perceived higher costs. These are all the major challenges for the Air Bearing market and also can hamper the market growth during the forecast period.
Air Bearings Market Segment Analysis:
Based on Type, the Air Bearing Market is segmented into Aerostatic Bearings and Aerodynamic Bearings. Aerostatic Bearings hold the maximum market share of the Air Bearing Market accounting for 59% in 2022. As Aerostatic Bearings do not suffer the negative effect at the surface when an external pressure source is supplied for air into the bearings. This type supports the entire design with no stiction and wears at zero or high-speed load.Based on Application, the Air Bearing Market is segmented into Precision Machinery Tools, High-speed Machines, and Coordinate measuring machines. Precision Machinery Tool as it is used in providing rotatory motion to the bearings. It is made up of accurate measurements which provide a low error in motion, high-speed rotation, resistance to crash, without any noise, frictionless movements, and does not require lubrication. Hence precision Machinery Tool has a rising demand in the market. This all leads to the growth of the Air Bearings Market during the forecast period.
Air Bearings Market Regional Insights:
The Asia Pacific region held the largest market share accounting for 48% in 2022. As there is a significant rise in the smartphone industry which requires semiconductors. Semiconductors Industry has the maximum demand for Air Bearings for the machinery which they use. Taiwan is the biggest hub for semiconductors which is anticipating having a significant opportunity for the Air Bearing Market. However, there is also an increasing demand for air bearings from the automotive industry boosting the market's growth.

The Europe region is expected to witness significant growth at a CAGR of 7.8% through the forecast period. There is growth in the air-bearing market in European countries as they are expanding the oil and gas sector in the countries like Frost& Sullivan and Poland. Europe is also planning to raise the renewable source of energy for which different tools and machinery will be required for setting up the bio-fuel industry, hydroelectric energy, and solar energy, which would increase the demand for air bearings. Further Industrial automation has impacted the growth in demand for Air Bearings Market during the forecast period.

The objective of the report is to present a comprehensive analysis of the global Air Bearings Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear, futuristic view of the industry to the decision-makers.

The reports also help in understanding the Air Bearings Market dynamic and structure by analyzing the market segments and projecting the Air Bearings Market size. Clear representation of competitive analysis of key players by Design, price, financial position, product portfolio, growth strategies, and regional presence in the Air Bearings Market make the report investor’s guide.
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Air Bearings Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2017 to 2022
Market Size in 2022:
US$ 9.14 Bn.


Forecast Period 2023 to 2029 CAGR:
7.6%
Market Size in 2029:
US$ 15.27 Bn.


 Segments Covered:
by Type
• Aerostatic Bearings
• Aerodynamic Bearings


by Application
• Precision Metal Tool
• High-Speed Machines
• Coordinate Measuring Machines


by End-Use
• Aviation
• Medical
• Automotive
• Semiconductor
• Wastewater Management
• Others


by Region
• North America (United States, Canada and Mexico)
• Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
• Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
• Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
• South America (Brazil, Argentina Rest of South America)



Air Bearings Market Key Players are:
• Bladon Jets
• Bently
• TOTO
• Renishaw
• PI Nelson Air Corp
• Load point bearings Ltd
• Leuven Air Bearings
• MAGER S.r.l
• DOVER
• Newport Corporation
• GAT
• Nelson Air Corp
• Air Bearings Ltd
• OAV Air Bearings
• Specialty Components
• IBS
• MITI
Frequently Asked Questions:
1) What was the global Air Bearings market size in 2022?
Ans: The global air bearings market attained a value of nearly USD 9.14 billion in 2022.

2) What is the growth rate of the market?
Ans: The market is projected to grow at a CAGR of 7.6% between 2022 and 2029.

3) What are the restraining factors of the Air Bearing Market?
Ans: High installation of the air bearings is impacting the market as air bearings require maintenance at regular intervals of time. For an external air supply into the bearings, additional infrastructure is required, which further increases the operational cost of the system.

4) What are the major key players in the Air Bearing Market?
Ans: Bently, TOTO, Renishaw, PI Nelson Air Corp, Load point bearings Ltd, Leuven Air Bearings, MAGER S.r.l, GAT, Nelson Air Corp, Air Bearings Ltd, OAV Air Bearings, Specialty Components, IBS, MITI.

5) What is the maximum market shareholding segment of Air Bearings by type?
Ans: Aerostatic Bearings holds the maximum market share of the Air Bearing Market. As Aerostatic Bearings do not suffer the negative effect at the surface when an external pressure source is supplied for air into the bearings. This type supports the entire design with no stiction and wears at zero or high-speed load.