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

Global Air Bearings 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 market finds that the global Air Bearings market reached a value of USD 95.97 million in 2022. It’s expected that the market will achieve USD 139.08 million by 2028, exhibiting a CAGR of 6.38% during the forecast period.

Market Drivers

The Air Bearings transportation system uses air as the power source and is suspended on the ground for transportation with low frictional resistance. It can be turned in 360 degrees in all directions, realizes millimeter positioning of equipment, and is shock-proof and stable without shaking during transportation. It is mainly used for short-distance transport of heavy objects, such as transporting large transformers, heavy equipment, etc. It can also be used in occasions requiring accurate positioning such as hull docking and aircraft assembly. Air Bearings can also be used to push the mobile machining platform with the large workpiece fixed to the machining position of the machine tool to improve the utilization rate of the machine tool. Air cushions can also be used for large radars and event stages, making them flexible. Therefore, Air Bearings is ideal for moving large equipment, products. Prominent advantages and broad downstream market will benefit the development of the Air Bearings industry.

Market 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:

In global comparison, a significant portion of the revenue was generated in United States (36.43% in 2021).

Company Overview

The major players operating in the Air Bearings market include AeroGo, Solving, Air Caster Corp., Airfloat, Delu GmbH, etc. Among which, AeroGo ranked top in terms of sales and revenue 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:

By type, Four Series segment accounted for the largest share of market in 2021.

Application Overview:

The market's largest segment by application is the segment Aerospace, with a market share of 31.17% in 2021.

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

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

In Chapter 4 and Chapter 14.2, on the basis of types, the Air Bearings 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 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)