Air Bearing Market: Introduction
Transparency Market Research delivers key insights on the global air bearing market. In terms of revenue, the global air bearing market is estimated to expand at a CAGR of ~6% during the forecast period, owing to numerous factors regarding which TMR offers thorough insights and forecasts in its report on the global air bearing market.
The global air bearing market is broadly affected by several factors, such as minimization of the effects of vacuum, reduced noise and vibration, generation of output in a shorter time span, and widespread application in precise material tools globally, which is propelling the global market for air bearing.
Air Bearing Market: Dynamics
In terms of type, the air bearing market has been divided into aerostatic bearings, and aerodynamic bearings. The demand for aerostatic bearings is higher, globally. Based on speed capacity, the air bearing market has been segmented into speed below 1000 Rpm, 1000-60000 Rpm, and above 60000 Rpm. Air bearings having speed capacity of 1000-60000 Rpm are widely used and have the highest market share globally. Based on application, the market has been classified into precision material tools, coordinate measuring machine, high speed machines, and others (digital printers, lithography, etc.). Precision material tools is the fastest growing segment.
In terms of end user, the air bearing market has been bifurcated into aviation/space, medical, automotive, semiconductor, wastewater management, and others (marine, defense, etc.). The automotive segment is the highest revenue generating segment for the air bearing market and is expected to expand at a CAGR of 6.2% during the forecast period, with a total sales value of US$ 2,444.7 Mn in the year 2020. Based on distribution channel, the global air bearing market can be divided into direct sales and indirect sales. Direct sales are the most preferred channel of distribution for OEMs worldwide.
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