Air Bearing Market: Introduction
Transparency Market Research delivers key insights on the global air bearing market. In terms of revenue, the global air bearing market is estimated to expand at a CAGR of ~6% during the forecast period, owing to numerous factors regarding which TMR offers thorough insights and forecasts in its report on the global air bearing market.
The global air bearing market is broadly affected by several factors, such as minimization of the effects of vacuum, reduced noise and vibration, generation of output in a shorter time span, and widespread application in precise material tools globally, which is propelling the global market for air bearing.
Air Bearing Market: Dynamics
In terms of type, the air bearing market has been divided into aerostatic bearings, and aerodynamic bearings. The demand for aerostatic bearings is higher, globally. Based on speed capacity, the air bearing market has been segmented into speed below 1000 Rpm, 1000-60000 Rpm, and above 60000 Rpm. Air bearings having speed capacity of 1000-60000 Rpm are widely used and have the highest market share globally. Based on application, the market has been classified into precision material tools, coordinate measuring machine, high speed machines, and others (digital printers, lithography, etc.). Precision material tools is the fastest growing segment.
In terms of end user, the air bearing market has been bifurcated into aviation/space, medical, automotive, semiconductor, wastewater management, and others (marine, defense, etc.). The automotive segment is the highest revenue generating segment for the air bearing market and is expected to expand at a CAGR of 6.2% during the forecast period, with a total sales value of US$ 2,444.7 Mn in the year 2020. Based on distribution channel, the global air bearing market can be divided into direct sales and indirect sales. Direct sales are the most preferred channel of distribution for OEMs worldwide.
Air Bearing Market: Prominent Regions
In 2020, Asia Pacific and North America together contributed more than 60% of revenue share of the global air bearing market. Various industries are shifting their manufacturing facilities to the APAC region. Therefore, the market in this region is anticipated to witness the fastest growth throughout the forecast period. The market in Europe and North America is projected to grow moderately due to increasing demand for highly delicate air bearings used in semiconductors, laboratories, and the medical industry. However, the demand in the upcoming years may shift due to competitive prices of aerodynamic bearings in these regions, as many end-use industries such as wastewater treatment and energy efficient practices require high quality aerodynamic bearings.
Air Bearing Market: Key Players
Key players operating in the global air bearing market are Celera Motion, SKF, Professional Instruments Co., Air Bearings Ltd., Hovair Systems Inc., IBS Precision Engineering, Seagull Solutions Inc., Mohawk Innovative Technology Inc., ABTech Inc., Specialty Components Inc., PI Nelson Air Corp, OAV Air Bearings, and Leuven Air Bearings NV.
Global Air Bearing Market: Segmentation
Air Bearing Market, by Type
- Aerostatic Bearings
- Aerodynamic Bearings
Air Bearing Market, by Speed Capacity
- Below 1000 Rpm
- 1000-60000 Rpm
- Above 60000 Rpm
Air Bearing Market, by Application
- Precision Material Tools
- Coordinate Measuring Machine
- High Speed Machines
- Others (Digital Printers, Lithography, etc.)
Air Bearing Market, by End User
- Wastewater Management
- Others (Marine, Defense, etc.)
Air Bearing Market, by Distribution Channel
- Direct Sales
- Indirect Sales
Air Bearing Market, by Region
- North America
- Rest of North America
- Rest of Europe
- Asia Pacific (APAC)
- Rest of Asia Pacific
- Middle East & Africa (MEA)
- GCC Countries
- South Africa
- Rest of Middle East & Africa
- South America
- Rest of South America
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