Aerospace Bearings Market Size, Growth & Forecast-2028

Aerospace Bearings Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Type (Ball Bearings, Roller Bearings, Needle Bearings, Thrust Bearings, and Others), Application (Aircraft Landing Gear Struts, Hydraulic Fuel Pumps, Flight Control Systems, and Others), Material (Stainless Steel, Fiber-Reinforced Composites, Engineered Plastics, and Others), and Aircraft Type (Fixed Wing and Rotary Wing)

Publication Month : May 2022

  • Report Code : TIPRE00006547
  • Category : Aerospace and Defense
  • Status : Published
  • No. of Pages : 208
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The aerospace bearings market is projected to reach US$ 6436.48 million by 2028 from US$ 4290.64 million in 2021; it is expected to grow at a CAGR of 6.5% from 2022 to 2028.

The bearing used in aerospace applications is used in landing gear struts or shock absorbers, where they eliminate ladder cracking. The roller bearing is primarily used in aircraft engines. A minimum of two bearings support the main jet engine shafts. The ball bearing is used for turbine engines and transmissions for aerospace applications. The high load carrying sliding bearings are used for the gearbox mounting points. Double and single-row roller bearings with low friction and the lowest operational backlash are used for primary flight control systems, maintenance-free sliding bearings for secondary flight control systems, and slotted entry bearings for landing gear. Such wide scope application of bearings in aerospace applications in various sections is driving the aerospace bearings market growth.

According to the market forecast, the growing demand for aerospace bearings from the commercial and defense aviation sector, significant advancement in technology, growing count of aircraft, rise in the rate of urbanization, and increasing per capita disposable income are some of the prominent factors driving the demand for new aircraft production and thereby aiding the aerospace bearings market. Moreover, the rising usage of composite bearings capable of carrying heavy loads and self-actuating offers lucrative growth opportunities among aircraft manufacturers. This is due to the capability of carrying heavier loads than stainless steel and aluminum alloys bearing and providing a higher strength to weight ratio. Aircraft manufacturers and aircraft engine manufacturers heavily procure fiber-reinforced composites to deliver greater operational efficiency to their customers. These factors are driving the demand for bearings across the aerospace bearings market.


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Aerospace Bearings Market: Strategic Insights

aerospace-bearings-market
Market Size Value inUS$ 4290.64 million in 2021
Market Size Value byUS$ 6436.48 million by 2028
Growth rateCAGR of 6.5% from 2022 to 2028.
Forecast Period2022-2028
Base Year2022
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– Aerospace Bearings Market

Impact of COVID-19 Pandemic on Aerospace Bearings Market

Despite the economic downfall faced by European nations, a few countries, such as Germany and the Netherlands, allocated significant capital to their aerospace sector in 2020. In 2020, the region witnessed the grounding of aircraft, resulting in the retirement of older aircraft due to lack of maintenance, which increased the manufacturing of new aircraft. This negatively influenced the aerospace bearings market growth.

Due to the COVID-19 pandemic, several companies witnessed a reduction in aircraft demand. For instance, Airbus had to discontinue its production of several aircraft programs, and the company looked to hold underlying jet output at 40% below the pre-COVID-19-pandemic plans for two years. The A320 production rate dropped from an average of over 53 aircraft per month in 2019 to 40 aircraft per month in 2020. However, in 2021, Airbus increased the production to 47 A320neo jets per month. Moreover, European aerospace bearings market players received contracts for their solutions from global aircraft companies, which bolstered the aerospace bearings market since 2021.

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Market Insights – Aerospace Bearings Market

The US, Canada, and Mexico are major economies of North America.        Further, the high spending on the aerospace sector and demand for new aircraft drive the need for aerospace bearing in the region. North America has the presence of major aerospace bearing market players, such as AST Bearings, Aurora Bearing Company, National Bearing Precision, RBC Bearings Incorporated, and The Timken Company. Also, the region consists the presence of well-established aerospace bearing vendors. It also comprises helicopter, aircraft, and component manufacturing companies, such as Boeing, Airbus, Raytheon Technologies, Lockheed Martin, GE, Dassault, and Bell Helicopters, and the physical facilities of various aircraft components manufacturers, which are driving the demand for aerospace bearings in the region. All these factors mentioned above drive the aerospace bearings market growth in North America. In addition, North America has the presence of other market players, such as Accurate Bushing Company, Federal-Mogul Corporation, MSC Industrial Supply Co., MinebeaMitsumi Inc., Rexnord Aerospace, Kilian, VALLEY-TODECO, SPECLINE BEARINGS, KBC (Ritbearing Corporation) and Pacamor Kubar Bearings. These companies are generating a significant amount of revenue in the region, further contributing to the growth of the aerospace bearings market in North America.

Application-Based Insights

Based on application, the aerospace bearings market analysis is segmented into aircraft landing gear struts, hydraulic fuel pumps, flight control system, and others. The flight control system segment accounted for the largest market share of the aerospace bearings market in 2021, owing to growing commercial and military aircraft deployment. Moreover, the flight control system segment is projected to grow at a faster pace during the forecast period as well.

The aircraft shock struts convert a portion of the aircraft’s kinetic energy to heat, wherein the oleo struts absorb and dissipate forces associated with landing. There are various types of shock absorbers used in the aerospace industry. Oleo struts are a kind of fluid-spring shock absorber filled with gas, generally dry air or nitrogen, and hydraulic fluid. The landing gear struts absorb the shock that occurs when an aircraft lands to help achieve a smooth landing. Generally, two plain bearings are used as upper and lower bearings in the main landing gear structure, whereas a singular bearing is found in the nose landing gear. The increased use of composites and lightweight materials in the aircraft manufacturing process enables better fuel efficiency, leading to lower operating costs for airlines. Thus, such advancements in technology and advantageous features of bearings used in the aerospace industry for mid to large-sized aircraft are propelling the demand for landing gear strut segment. According to the market analysis the growing demand for commercial and military aircraft, along with an increasing number of aircraft deliveries, is driving the demand for landing gears, which is further expected to aid the aerospace bearings market growth for landing gear struts application over the forecast period.

The aerospace bearings market size is segregated on the basis of type, application, material, aircraft type, and geography.  Based on type, the aerospace bearings market is segmented into ball bearings, roller bearings, needle bearings, thrust bearing, and other. Based on application, the aerospace bearings market is segmented into aircraft landing gear struts, hydraulic fuel pumps, flight control system, and others. Based on material, the aerospace bearings market is segmented into stainless steel, fiber-reinforced composites, engineered plastics, and others. On the basis of aircraft type, the global aerospace bearings market is categorized into fixed wing and rotary wing segment. Based on geography the global aerospace bearings market is broadly segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South America (SAM). The top five key players operating in the global aerospace bearings market include Schaeffler Technologies AG, NTN Bearing Corporation, RBC Bearings, JTEKT Corporation, and GGB.

Players operating in the aerospace bearings market are mainly focused on the development of advanced and efficient products.

  • In 2020, JTEKT Corporation announced the development of a long-life bearing with exceptional durability to prevent early bearing failure in low viscosity oil, which is projected to be used as a lubricant for automobile reduction gears in the future.
  • In 2021, the National Precision Bearing Group of Mechatronics Inc, a leading provider of bearings, motion-related products, and engineered solutions to various sectors, announced the addition of Kamatics Specialty Bearings and Engineered Products to their product line. The Kamatics Products distribution agreement provides clients with precise bearing and drives solutions that outperform other traditional self-lubricating bearings and have been proven effective in the most demanding Aviation, Marine, and Industrial applications worldwide.
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Type, Application, Material, and Aircraft Type

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States

Frequently Asked Questions


What are the reasons behind aerospace bearing market growth?

Aerospace bearings are used in entire aircraft, including aircraft wing systems, flight control, and interiors. Composite bearings are used in flight control systems and engines. It is also used in next-generation military aircraft applications. The increase in global aircraft production is anticipated to drive the demand for aerospace bearings promoting the market growth during the forecasted period.

What are market opportunities for aerospace bearing market?

The rise in commercial as well as air force aircrafts is driving the need for aerospace bearing market. Moreover, rise in the passengers traveling globally is also aiding the demand for new commercial aircrafts, which increases the aircraft production further propelling the demand for aerospace bearings that provides numerous opportunities for the aerospace bearing market. Also, the increasing production rate and deliveries of general aviation category of aircraft models is expected to generate huge opportunity for aerospace bearing market in the coming years.

Which type segment is expected to dominate the market in 2021 in terms of market share?

The ball bearing segment led the aerospace bearing market with a dominating share in 2021. It is further expected to retain its dominance over the forecast period.

Which region has dominated the aerospace bearing market in terms of 2021 market share?

The aerospace bearing market was dominated by North America, with more than 37.9% share in 2021 and will continue to dominate the market till 2028.

Which are the major companies in the aerospace bearing market?

The major companies in aerospace bearing market includes Schaeffler Technologies AG, NTN Bearing Corporation, JTEKT Corporation, AST Bearings, Aurora Bearing Company, MinebeaMitsumi Inc., RBC Bearings Incorporated, Rexnord Aerospace, Barden, and GGB.

Which application segment is expected to dominate the market in 2021 in terms of market share?

The flight control system segment led the aerospace bearing market with 39.3% share in 2021. It is further expected to dominate the market over the forecast period.

The List of Companies - Aerospace Bearings Market 
  1. AST Bearings
  2. GGB
  3. JTEKT Corporation
  4. Accurate Bushing Company
  5. MinebeaMitsumi Inc.
  6. NTN Bearing Corporation of America
  7. RBC Bearings Incorporated
  8. SKF
  9. Regal Rexnord Corporation
  10. Barden Bearings

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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