Air Bearings Market was valued at US$ 8.5 Bn. in 2021. The Global 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 2020. 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 2021 is considered as a base year to forecast the market from 2022 to 2027. 2021’s market size is estimated on real numbers and outputs of the key players and major players across the globe. The past five years' trends are considered while forecasting the market through 2027. 2020 is a year of exception and analysis, especially with the impact of lockdown by region.
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 2021. 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 2021. 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 Bearing Market Report Coverage Details Base Year: 2021 Forecast Period: 2022-2027 Historical Data: 2017 to 2021 Market Size in 2021: US $ 8.5 Bn. Forecast Period 2022 to 2027 CAGR: 7.6% Market Size in 2027: US $ 13.9 Bn. Segments Covered: by Type • Aerostatic Bearings • Aerodynamic Bearings by Application • Precision Metal Tool • High-Speed Machines • Coordinate Measuring Machines byEnd-Use • Aviation • Medical • Automotive • Semiconductor • Wastewater Management • Others
Air Bearings Market, by Region• North America • Europe • Asia Pacific • The Middle East and Africa • South America
Air Bearings Market Key Players:• 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 2021? Ans: The global air bearings market attained a value of nearly USD 8.5 billion in 2021. 2) What is the growth rate of the market? Ans: The market is projected to grow at a CAGR of 7.6% between 2021 and 2027. 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.
1. Global Air Bearings Market Size: Research Methodology 2. Global Air Bearing Market size: Executive Summary 2.1. Market Overview and Definitions 2.1.1. Introduction to Global Air Bearing Market size 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Global Air Bearing Market size: Competitive Analysis 3.1. MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2. Consolidation in the Market 3.2.1 M&A by region 3.3. Key Developments by Companies 3.4. Market Drivers 3.5. Market Restraints 3.6. Market Opportunities 3.7. Market Challenges 3.8. Market Dynamics 3.9. PORTERS Five Forces Analysis 3.10. PESTLE 3.11. Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • South America 3.12. COVID-19 Impact 4. Global Air Bearing Market Size Segmentation 4.1. Global Air Bearing Market size, by Types (2021-2027) • Aerostatic Bearings • Aerodynamic Bearings 4.2. Global Air Bearing Market size, by Application (2021-2027) • Precision Metal Tools • High-Speed Machines • Coordinate Measuring Machines 4.3. Global Air Bearing Market size, by End-Use (2021-2027) • Aviation • Medical • Automotive • Semiconductor • Wastewater Management • Others 5. North America Air Bearing Market (2021-2027) 5.1. North America Air Bearing Market size, by Types (2021-2027) • Aerostatic Bearings • Aerodynamic Bearings 5.2. North America Air Bearing Market size by Application (2021-2027) • Precision Metal Tools • High-Speed Machines • Coordinate Measuring Machines 5.3. North America Air Bearings Market, by End-Use (2021-2027) • Aviation • Medical • Automotive • Semiconductor • Wastewater Management • Others 5.4. North America Air Bearings Market, by Country (2021-2027) • United States • Canada • Mexico 6. European Air Bearing Market (2021-2027) 6.1. European Air Bearings Market, by Segment 1 (2021-2027) 6.2. European Air Bearings Market, by Segment 2 (2021-2027) 6.3. European Air Bearings Market, by Country (2021-2027) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Air Bearing Market (2021-2027) 7.1. Asia Pacific Air Bearings Market, by Segment 1 (2021-2027) 7.2. Asia Pacific Air Bearings Market, by Segment 2 (2021-2027) 7.3. Asia Pacific Air Bearings Market, by Country (2021-2027) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. The Middle East and Africa Air Bearing Market (2021-2027) 8.1. The Middle East and Africa Air Bearings Market, by Segment 1 (2021-2027) 8.2. The Middle East and Africa Air Bearings Market, by Segment 2 (2021-2027) 8.3. The Middle East and Africa Air Bearings Market, by Country (2021-2027) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. South America Air Bearing Market (2021-2027) 9.1. South America Air Bearings Market, by Segment 1 (2021-2027) 9.2. South America Air Bearings Market, by Segment 2 (2021-2027) 9.3. South America Air Bearings Market, by Country (2021-2027) • Brazil • Argentina • Rest of South America 10. Company Profile: Key players 10.1. Bladon Jets 10.1.1. Global Presence 10.1.2. Capacity Portfolio 10.1.3. Business Strategy 10.1.4. Recent Developments 10.2. Bently 10.3. TOTO 10.4. Renishaw 10.5. PI Nelson Air Corp 10.6. Load point bearings Ltd 10.7. Leuven Air Bearings 10.8. MAGER S.r.l 10.9. DOVER 10.10. Newport Corporation 10.11. GAT 10.12. Nelson Air Corp 10.13. Air Bearings Ltd 10.14. OAV Air Bearings 10.15. Specialty Components 10.16. IBS 10.17. MIT