An air bearing is a pneumatic device which usually forms a lubricating film of air between two surfaces. Air bearings are special type of bearings which mainly provide nearly zero friction between two surfaces. The most collective application of air bearings is in the hovercraft. moreover, large fans blow under the hovercraft and the air is surrounded under an elastic rubber 'skirt'. This pillow not only supports the craft’s weight but also acts as a soft spring, which permits for smoothly float over water or land. Additionally, air bearings are also used in semiconductor manufacturing, which involves high speed, short-stroke precision with replication in nanometer level positioning, and a controlled environment.
Global Air Bearings Market: Key Players
The research study includes profiles of leading companies operating in the global air bearings market. Key players profiled in the report include: TOTO, Renishaw, DOVER, Newport Corporation, GAT, New Way Air Bearings, Westwind Air Bearings, Air Caster, Canon USA and Others.
New Way acquires Bently Pressurized Bearing assets:
The sale of Bently Nevada Corp. enabled Don Bently to focus on bearing technology and he re-emerged as the Bently Pressurized Bearing Company.
Drivers for the Global Air Bearings Market:
According to current market condition, technological developments and the thriving automotive industry are primarily driving the air bearings market. The industry competition for air bearings is high, and expenditure and technology dawns in this industry are comparatively high. The demand for air bearings for industrial machinery is also projected to be highly stimulated by rising global manufacturing activity, which helps to increase related fixed investment expenditures. These factors lead to drive the market share during the forecast period. Additionally, the growth of the global automotive bearings market is driven by factors such as the growing need for aftermarket repair and maintenance services, owing to the average age of vehicles growing continuously, as consumers are retaining their vehicles for a longer number of years.
Opportunities for the Global Air Bearings Market:
The manufacturers are increasingly focusing on production of bearings that are much lighter, so that they would help to comply with the emission norms being laid out by governments across the globe that is helping to minimize the pollution levels and improve fuel efficiency. These factors are estimated to increase the demand for automotive bearings globally among the consumers and is expected to drive the growth of the market over the forecast period.
Restrains for the Global Air Bearings Market:
Regardless of the positive outlook for the industry, the sector continues to face numerous restraints which pose a considerable risk to the profitability of services. High installation cost and high raw material cost hampers the market in some developing countries. With the governments across the globe planning to shift to electrification of vehicles by slowly trying to phase out traditional fuel based vehicles over the next few years is anticipated to reduce the demand for automotive bearings, as the electrically powered vehicles require lesser number of bearings than traditional fuel based vehicles. Moreover, the use of wheel hub motor technology in electric vehicles is anticipated to decrease the demand for bearings, as they do not have any requirement for automotive gears.
Region Wise, Global Air Bearings Market Analysis:
Region wise, global air bearings market can be segmented into North America, Europe, Asia Pacific, Latin America, Middle East and Africa. Among all, Asia Pacific leads the global air bearings market share owing to the increase in automobile production in the Asia Pacific region particularly in countries such as China and India coupled with rising skilled working population. This is anticipated to generate the demand for vehicles in the region. The demand for commercial vehicles has risen globally especially in developing nations such as China and India which are seeing a significant demand for commercial vehicles, owing to expansion of the industrial sector and rise in construction activities that has resulted in increase in sale of commercial vehicles across these regions. Asia pacific is followed by the North America and Europe.
Global Air Bearings Market: Product analysis
- Aerostatic bearings
Global Air Bearings Market: Application analysis
- Precision Material Tools
- Coordinate Measuring Machines
- High Speed Machines
Global Air Bearings Market: Region analysis
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of L.A.
- Middle East and Africa
- South Africa
- Rest of Middle East
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