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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Air Bearings Market Analysis by Region
The Asia Pacific is home to several manufacturers of automotives, electronics, machinery, semiconductors, and aerospace components that use air bearings for maintaining precision. Japan’s developing railway sector is expected to aid the demand for air bearing products in the Asia-Pacific region. In addition, the Chinese demand for 5G technology and EV’s is expected to increase the need for semiconductor technology, and in turn, increase the utilisation of air bearings in the country.
Europe develops and produces civil and military aircraft, helicopters, aero-engines, and other systems and equipment. The civil aerospace and defence business is the strength of the regional aerospace and defence sector. Air bearings are helpful in various applications in the market such as aircraft tooling, assembly line moving, and high-density manufacturing as it allows precision storage of a number of aircraft within just a few inches.
Air Bearings Market Report Snapshots
Air Bearings Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The market reached a value of USD 7.06 billion in 2023.
The market is estimated to grow at a CAGR of 6.8% during 2024-2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach a value of USD 12.79 billion by 2032.
The speed capacities include <1000 rpm, 1000 – 60000 rpm , and >60000 rpm.
The key regional markets for air bearings are North America, Europe, the Asia Pacific, and LAMEA.
The end uses include marine and aviation, medical, automotive, machine tools, and others.
The applications include precision metal tools, high-speed machines, coordinate measuring machines, and others.
The key players in the market include Air Bearings Limited, New Way Air Bearings, Inc., OAV Air Bearings, IBS Precision Engineering BV, Leuven Air Bearings Nv, and Mohawk Innovative Technology, Inc., among others.
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