Global Air Bearings Professional Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Air Bearings Professional Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

An air bearing (air caster) is a pneumatic lifting device used to move heavy loads on flat, non-porous surfaces. Air bearing are devices using compressed air to form a thin air film, on which heavy loads can be floated.

Market Overview:

The latest research study on the global Air Bearings Professional market finds that the global Air Bearings Professional market reached a value of USD 165.1 million in 2022. It’s expected that the market will achieve USD 229.81 million by 2028, exhibiting a CAGR of 5.67% during the forecast period.

Influence of COVID-19 Outbreak on Air Bearings Industry Development

COVID-19 continues to spread. Affected by this, downstream industries such as mining, construction, machinery and equipment manufacturing, and automobile manufacturing have shown a downturn. Small and medium-sized air bearings enterprises face severe challenges in the capital chain, falling into the predicament of stagnant downstream demand and production shutdown. The epidemic will accelerate the reshuffle and integration of the air bearings industry. After the epidemic, the market is bound to recover. For those strong and competitive companies, the competitive environment in the air bearings industry will be greatly improved by then, and the market space freed up by fallen companies will provide growth opportunities for surviving companies. If companies that are not resilient to risk go down, there will be fewer competitors.
Since 2020, there have been outbreaks of COVID-19 at home and abroad. In order to cut off the source of infection, governments around the world have introduced relevant measures to restrict the flow of people and logistics. During the epidemic, air bearings companies face increased difficulty in employee recruitment, raw material procurement and product sales logistics. problems, etc. If the epidemic continues to spread and cannot be effectively controlled, or other public emergencies occur in the future, it may adversely affect the production and operation of air bearings.

Restraints and Challenges

Energy sanctions imposed by the European Union in the wake of the conflict between Russia and Ukraine have led to global shortages such as a 40 per cent rise in the price of liquefied natural gas (LNG), while Middle Eastern oil producers have also raised crude prices. The rise in energy prices is likely to continue even if governments offer price restraint measures such as securing natural gas stocks. According to data released by The U.S. Energy Information Administration, as of Jun 2022, U.S. on-highway Diesel Fuel Prices have surpassed 4.0 dollars per gallon. At the same time, rising fuel prices are fueling inflation in the global economy. Inflation in Europe hit 7.5 percent in April 2022, largely driven by higher energy prices.

The production and operation of Air bearings involve the use and consumption of energy such as water and electricity. Rising energy costs have led to increased production costs for Air bearings products. These factors make cost control and inventory management more difficult for manufacturers in the Air bearings industry.

Region Overview:

From 2023-2028, United States is estimated to witness robust growth prospects.

Company Overview:

AeroGo is one of the major players operating in the Air Bearings Professional market, holding a share of 12.82% in 2022.

AeroGo manufactures innovative load moving equipment, utilizing wheels and hovercraft technology, that move heavy, awkward or sensitive loads in factories.

Solving have specialised in the design and manufacture of heavy load handling systems. Solving’s products range from simple hand-controlled devices to highly sophisticated automated handling systems using both air bearings and wheels.

Segmentation Overview:

Among different product types, Four Series segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Aerospace segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Air Bearings Professional market covered in Chapter 3:

Hover Transport Systems
innoAIRvation
AerGlide
Solving
Aerofilm Systems
Air Caster Corp.
Luftkissentechnik
AeroGo
Delu GmbH
Airfloat

In Chapter 4 and Chapter 14.2, on the basis of types, the Air Bearings Professional market from 2018 to 2029 is primarily split into:

Four Series
Six Series
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Air Bearings Professional market from 2018 to 2029 covers:

Chemical
Pharmaceutical
Mining
Construction
Transformer manufacturing
Modular home building
Aerospace
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)