Global Air Bearings Market Report and Forecast 2023-2028

Global Air Bearings Market Report and Forecast 2023-2028

Market Outlook

According to the report by Expert Market Research (EMR), the global air bearings market attained a value of USD 6624.3 million in 2022. Aided by the increasing adoption of precision engineering techniques and the growing demand for high-speed machinery in various industries, the market is projected to further grow at a CAGR of 6.8% between 2023 and 2028 to reach a value of USD 9830.30 million by 2028.

Air bearings, also known as aerostatic bearings, are non-contact bearing systems that utilise a thin film of pressurised air to provide a low-friction, high-precision load support. Air bearings are commonly used in various industries, such as aerospace, semiconductor manufacturing, and precision engineering, due to their superior performance characteristics. The air bearings market is experiencing growth as a result of the increasing demand for high-speed machinery in various industries. As the need for more efficient and accurate manufacturing processes intensifies, industries are adopting advanced machinery equipped with air bearings to minimise friction, reduce wear and tear, and enhance overall equipment life. This trend has led to the expansion of the air bearings market across the globe.

Additionally, the growing adoption of precision engineering techniques in diverse sectors, such as aerospace, automotive, and semiconductor manufacturing, has spurred the growth of the air bearings market. Precision engineering enables the development of high-quality, intricate components that meet stringent tolerances and specifications. The use of air bearings in precision engineering applications ensures accurate and repeatable results, further driving the market's expansion. Technological advancements in air bearing designs and materials have also played a significant role in propelling the market's growth. Modern air bearings are made from advanced materials, such as porous carbon and ceramic, which offer improved performance and durability. Innovations in air bearing designs, such as orifice-compensated and groove-compensated designs, have further enhanced their load-carrying capacity and stability, making them suitable for a wider range of applications.

The increasing focus on energy efficiency and environmental sustainability is another factor contributing to the growth of the air bearings market. As air bearings exhibit minimal friction and energy loss, they are considered an energy-efficient solution for various applications. Furthermore, their low wear and tear characteristics reduce the need for lubricants, which minimises the environmental impact associated with lubricant disposal and consumption. The air bearings market for air bearings is anticipated to benefit from the rising demand for high-precision equipment in the semiconductor industry. The manufacture of semiconductors requires accurate positioning and motion control systems, which can be achieved using air bearings.

Market Segmentation

The market can be divided on the basis of type, speed capacity, application, end use, and region.

Market Bifurcation by Type:

• Aerostatic Bearings
• Aerodynamic Bearings

Market Division by Speed Capacity:

• <1000 rpm
• 1000 – 60000 rpm
• >60000 rpm

Market Segmentation by Application:

• Precision Metal Tools
• High Speed Machines
• Coordinate Measuring Machines
• Others

Market Classification by End Use:

• Marine and Aviation
• Medical
• Automotive
• Machine Tools
• Others

Market Segregation by Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Competitive Landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the air bearing companies. Some of the major key players explored in the report by Expert Market Research are as follows:

• APG-Neuros Inc.
• Air Bearings Ltd.
• Capstone Green Energy Corporation
• Honeywell International Inc.
• Hot Air Systems, Inc.
• IBS Precision Engineering
• Leuven Air Bearings Nv
• Mohawk Innovative Technology, Inc.
• Others

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*We at Expert Market Research always strive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.