Industry Background:
Air bearings are refer as the bearings that use a thin film of pressurised gas for providing a low friction load-bearing interface between surfaces. and Air bearings are normally known for their ability to provide an extra layer of protection to the objects and prevent them from various wear and tear. It provides the advantage by inserting a compressed layer of air. This increases durability of products. In short air bearings are used to provide a layer of compressed air between surfaces. It is viable for high-precision and hi-speed applications by providing various benefits of durability, friction-less operation, environment-friendly nature, and cost advantage.According to AMA, the market for Air Bearings is expected to register a CAGR of 6.79% during the forecast period to 2025. This growth is primarily driven by Increased Applications In Precision Machine Tools, High Durability Of Air Bearings and Growing Potential Of Air Bearings Within Industries.
Globally, a noticeable market trend is evident Increasing focus on R&D to ensure meeting next-gen consumer needs. Major Manufacturers, such as New Way Air Bearings (United States), PI Nelson Air Corp (United States), R&D Dynamics Corporation (United States), Aerotech Inc. (United States), Mohawk Innovative Technology Inc. (United States), Dover Motion (United States), MAGER S.r.l. (Italy), Professional Instruments Company (United States), Xdot Engineering and Analysis PLLC (United States) and Specialty Components Inc. (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
In April 2019, Air Bearings Ltd. entered into an agreement with Windirs Technology Co., Ltd, which provides repair services for different bearing brands. With this agreement, the former aims to provide repair services for dicing spindles in Taiwan
Market Drivers
- Increased Applications In Precision Machine Tools
- High Durability Of Air Bearings
- Growing Potential Of Air Bearings Within Industries
Market Trend
- Increasing focus on R&D to ensure meeting next-gen consumer needs
Restraints
- To Ensure Proper Functioning Of Air Bearings There Is a Need for Clean Air
Opportunities
Companies Which Are Operating In the Air Bearings Market, Emphasize the Development of Products Which Can Meet the Precision Requirements across a Slew of Applications
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Technological Trends and Innovations
Regulatory Trends & Policies
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Market Share Movements
Growth Drivers and Constraints
New Entrants into the Market & Entry/Exit Barriers
Consumer Demographics
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Key Decision in Planning and to Further Expand Market Share
Identify Key Business Segments, Market Proposition & Gap Analysis