Global 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

Market Overview

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.

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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.

Segmentation Analysis

To provide an in-depth look in the industry, the global air bearings market is segmented by type, application, and end-user. Based on the type, the air bearings market can be segmented into hydrostatic/aerostatic and hydrodynamic/aerodynamic. By application, it is segmented into precision machinery tools, high-speed machines, and others. End-users include aviation, automotive, medical, HVAC, space, semiconductor, microturbine, compressors, wastewater management, and others.

Regional Analysis

Region-specific 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). The APAC region accounted for the largest share of the market, followed by Europe and North America respectively. The increased ambit of air bearings due to its valued durability can be credited for the exceptional regional growth in APAC.

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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), and others.

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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