Air Bearings Market Research Report: by Type (Hydrostatic/Aerostatic, Hydrodynamic/Aerodynamic), by Application (Precision Machinery Tools, High-speed Machines, Others), by End-user (Aviation, Automotive, Medical, Space, HVAC, Microturbine, Compressors, Semiconductor, Wastewater Management, Others), and Region – Forecast to 2023
Air bearings are bearings used to provide a layer of compressed air between surfaces to prevent wear and tear. Its benefits of durability, frictionless operation, environment-friendly nature, and cost advantage make it viable for high-precision and hi-speed applications. The global air bearings market size is poised to touch a size valuing USD 10,733 million by 2023, as per the latest findings by Market Research Future (MRFR). It was previously worth USD 7,265.8 million in 2017.
The use of air-bearing based vehicles over forklifts to lift heavy loads in manufacturing plants in aerospace industries is likely to garner interest among other end-use industries. This can bolster market demand significantly till 2023. The market can expand at 6.82% CAGR over the forecast period (2018-2023) owing to its resistive nature of air bearings. But contamination of these parts can pose a challenge to the market growth.
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- Aerotech Inc. (U.S.)
- New Way Air Bearings (U.S.)
- Loadpoint Bearings Ltd. (U.K.)
- Dover Motion (U.S.)
- R&D Dynamics Corporation (U.S.)
- Hovair Systems Inc. (U.S.)
- Aerolas (Germany)
- PI Nelson Air Corp (U.S.)
- Newport Corporation (U.S.)
- Professional Instruments Company (U.S.)
- GAT Gesellschaft für Antriebstechnik mbH (Germany)
- Mohawk Innovative Technology Inc. (U.S.)
- Leuven Air Bearings NV (Belgium)
- Westwind Air Bearings (U.K.)
- Specialty Components Inc. (U.S.)
- MAGER S.r.l. (Italy)
- Canon Semiconductor Equipment Inc. (Japan)
- OAV Air Bearings (U.S.)
- Air Bearings Ltd. (U.K.)
- Xdot Engineering and Analysis PLLC (U.S.)
These are some of the reputed players in the air bearings market.
Development of air bearings to handle extreme temperatures required in aerospace and diamond-turning is likely to trigger innovation among bearing manufacturers. Improved products will contain high damping performance and handle heavy loads without causing errors during production. The use of computer-aided design (CAD) and computer-aided manufacturing (CAM) to enhance the constitution of these elements can lead to the launch of effective products in the air bearings market.
The air bearings market has been segmented on the basis of type, application, and end-user.
Aerodynamic/ hydrodynamic and aerostatic/hydrostatic air bearings are two major types. The former uses lubrication to support radial and thrust loads. They find major use in turbines of power plants and prevent contact between components. On the flip side, aerostatic/hydrostatic air bearings rely on thin films owing to advantages such as high rotational accuracy, low heat generation, and low noise and friction.
Precision machinery tools, high-speed machines, and others are major application of air bearings. Precision machinery tools are expected to dominate the air bearings market owing to vital development of coordinate measuring machines (CMM) used in quality checks. On the other hand, high-speed machines comprise an array of super precise air bearings and a low deformation force to reach astonishing velocities.
Among end-users, aviation is expected to create the largest demand for air bearings owing to demanding schedules and delivery of increasing number of aircraft. In addition, upgradation of equipment to minimize maintenance costs is likely to elicit a positive outlook for the segment. The medical sector can greatly contribute to market revenue owing to elimination of lubrication in machine tools. For instance, air bearings are used in precision tools for optical grinding. In addition, need for stringent quality checks of medical equipment is likely to create massive market demand in the sector.
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Geographically, the air bearings market spans across regions namely North America, Asia Pacific (APAC), Europe, Latin America, and the Middle East & Africa (MEA).
The APAC region accounted for the largest share of the market in 2017 owing to exceptional performance of economies of China, India, South Korea, and Indonesia. In addition, extraction of rare minerals and other related activities such as metallurgy is likely to generate massive demand for air bearings. Booming sectors of manufacturing, automotive, and textiles combined with manufacturing units of prominent companies such as Larsen & Toubro can bode well for the market.
North America region dominated the air bearings market in 2017 on the basis of demand. It registered close to 557,000 units in 2018. High demand for hydrostatic/aerostatic bearings for precision machinery tools can net the region an astonishing windfall by 2023.
The Europe region, on the other hand, can perform on an above average rate thanks to continuous advancements in bearings. The improved performance, long service life, and low maintenance of latest bearings can be credited for a high windfall for the air bearings market to be witnessed till 2023. In addition, the use of these elements in high-specification industries and dicing, polishing, and grinding of materials can propel the regional growth further.
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.
Table of Contents
1 Executive Summary
2 Market Introduction
2.2 Scope of the Study
2.3 List of Assumptions
2.4 Market Structure
2.5 Macro Factor Indicators Analysis
3 Research Methodology
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
3.5 Forecast Model
4 Market Dynamics
4.2.1 Increased Applications in Precision Machine Tools
4.2.2 High Durability of Air Bearings
4.2.3 Growing Potential of Air Bearings Within Industries
4.3.1 Need for Clean Air to Ensure Proper Functioning of Air Bearings
4.4 Cost Structure / Pricing Scenario
4.5 Supply Chain Analysis
4.5.1 Design and Development
4.5.2 Raw Material and Standard Component Supply
4.5.3 Bearing Manufacturing and Assembly
4.5.4 Supply and Distribution
List of Tables
Table 1 Market Synopsis
Table 2 List of Assumptions
Table 3 Air Bearings Market: Average Price, by Region, 2015 – 2017 (Usd/unit)
Table 4 Major Granted Patents on Air Bearings (28th September 2013 – 28th September 2018)
Table 5 Regulatory Landscape for Air Bearing
Table 6 Global Air Bearings Market, by Type, 2016-2023 (Usd Million)
Table 7 Global Air Bearings Market, by Type, 2016-2023 (‘000 Units)
Table 8 Global Air Bearings Market, by Application, 2016-2023 (Usd Million)
Table 9 Global Air Bearings Market, by Application, 2016-2023 (‘000 Units)
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