Air Bearings Market: Forecast for Next 5 Years of Various Segments Along With Detailed Analysis of Industry Structure

Air Bearings Market Research Report 2019: Industry Size, Share, Trends, Growth, Regional Analysis and Segmentation By Type (Hydrostatic/Aerostatic, Hydrodynamic/Aerodynamic), Application (Precision Machinery Tools, High-speed Machines, Others), End-user (Aviation, Automotive, Medical, Space, HVAC, Microturbine, Compressors, Semiconductor, Wastewater Management, Others) and Region - Forecast to 2023

Global Air Bearings Market Research Report Covers Historical Market Trends, Current Market Dynamics, Market Valuation by Segmentation as Well as Region, Country-level Analysis for Every Segment, Key Player's Market Share Analysis, Competitive Landscape and Supply Chain Analysis.

Market Analysis

The global air bearings is expecting a massive demand from prominent end-user industries such as aerospace, semiconductor, and automotive. On the basis of this, the market for air bearings is poised to spread its valuation by USD 10,733 million by 2023 at a CAGR of 6.82%, which was previously valued USD 7,265.8 million in 2017. This report has been represented by Market Research Future (MRFR).

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With the increasing use of high-precision tools and spindles in manufacturing is demanding the usage of air bearings in various applications. Air bearings are referred and used to provide layer of compressed air between surfaces to prevent wear and tear. Its benefits are accounted to be high durability, frictionless operation, environment-friendly nature, and cost advantage. These features make air bearings viable for high-precision and hi-speed applications.

Key Players

Prominent names profiled in the air bearings market report include-

• PI Nelson Air Corp (U.S.)
• R&D Dynamics Corporation (U.S.)
• New Way Air Bearings (U.S.)
• Mohawk Innovative Technology Inc. (U.S.)
• Aerotech Inc. (U.S.)
• MAGER S.r.l. (Italy)
• Professional Instruments Company (U.S.)
• Dover Motion (U.S.)
• Specialty Components Inc. (U.S.)
• Xdot Engineering and Analysis PLLC (U.S.)
• Canon Semiconductor Equipment Inc. (Japan)
• Air Bearings Ltd. (U.K.)
• Westwind Air Bearings (U.K.)
• Hovair Systems Inc. (U.S.)
• Leuven Air Bearings NV (Belgium)
• Loadpoint Bearings Ltd. (U.K.)
• Aerolas (Germany)
• OAV Air Bearings (U.S.)
• Newport Corporation (U.S.)
• GAT Gesellschaft für Antriebstechnik mbH (Germany)
• others

Drivers and Trends

The air bearings are used in vehicles over forklifts to lift heavy loads in manufacturing plants such as aerospace industries. Such a robust usage of air bearings is likely to garner interest among other end-use industries, which eventually will bolster the air bearing market by 2023. The resistive nature of air bearings is also creating ways for more opportunities in the future time.

Owing to advantages of air bearings such as zero friction, straight motion, increased durability, accuracy in positioning, low costs, zero wear, silent operation, smooth operation and high damping quotient, the air bearing market has set a prominent position since 2017 and is expected to grow at faster pace.

Moreover, the air bearings do not need any synthetic or mineral-oil based lubrication, which is consequently eliminating the use of oil and other lubricants. With that, new technological advancements and extensive R&D have also extensively made it possible to come up with newer innovations in this field, with triggering the adoption of air bearings in industrial applications. These advantages are therefore, elevating the importance of air bearings and on the same part, is driving the growth of the air bearings market to a great level.

In the current time, air bearings are being applied in industries diversely as automotive testing, medical scanning, flat panel display manufacturing, electronic assembly, and many more. Upon the latest findings of the market, the reports state that new ways and new techniques are providing significant solutions.

Furthermore, new developments of air bearings to handle extreme temperatures is helping aerospace and diamond industry is triggering a wide since of innovation among bearing manufacturers. Out of innovation and new developments, improved products are now capable to perform in high damping situation and handle heavy loads without causing any errors during production. With the use of computer-aided design (CAD), computer-aided manufacturing (CAM) is continuously enhancing the air bearings products. These factors are highly impressing the air bearing market and is compelling to rise high in the forecast period.

Global Air Bearings Market Segmentation

In MRFR’s in-depth report on the global air bearings market, there has been segmentation of it, which are based on type, application, and end-user.

By mode of the type, the air bearings market can be segmented into hydrostatic or aerostatic and hydrodynamic or aerodynamic.

By application, the market is segmented into precision machinery tools, high-speed machines, and others. It is expected that precision machinery tools can command a demand of 3,172 thousand units of air bearings by 2023. Whereas, the high-speed machines application is expected to touch USD 3,809.1 million by 2023.

Whereas, end-users segment includes aviation, automotive, medical, HVAC, space, semiconductor, microturbine, compressors, wastewater management, and others. Of these, the medical segment is estimated to lead with generating USD 1,075.9 million by 2023 for the air bearings market. This owes to the integration in bio-medical systems and its use in artificial joints for seamless movement with minimum friction is likely to bode well for the market.

Regional Outlook

Region-wise analysis of the air bearings market encompasses latest trends across five major regions, namely North America, Europe, Asia Pacific (APAC), Latin America, and the Middle East & Africa (MEA).

Of these, the APAC region accounts for the largest share of the market, followed by Europe and North America respectively. The reason behind it owes to the increased ambit of air bearings due to its valued durability can be credited for the exceptional regional growth in APAC.

Research Methodology

This research is the outcome of expert analysis conducted by skilled researchers of the Market Research Future (MRFR) who ensured that the best-suited methodologies have been integrated. The extensive report has two distinct stages; primary and secondary. In the primary stage, data is collected from interviews with the market doyens and then analyzed as per the standard parameters. The secondary approach has a detailed analysis of the market with a microcosmic view of the entire industry. The report also includes trends, factors and expert inputs that provide a holistic view of the entire market.

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Name: Abhishek Sawant
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Organization: Market Research Future
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Release ID: 496547