TRUNNION SPHERICAL BEARINGS MARKET ANALYSIS
The global trunnion spherical bearings market was valued at US$ 39,640 Mn in 2021 and is expected to exhibit a CAGR of 5.1% during the forecast period (2022 - 2030)
Asia Pacific held a dominant position in the global trunnion spherical bearings market in 2021
Statistics:
Asia Pacific held a dominant position in the global trunnion spherical bearings market in 2021, accounting for 37.4% share in terms of value, followed by North America, Europe, Latin America and Middle East, and Africa, respectively.
Figure 1: Global Trunnion Spherical Bearings Market Share (%), By Region, 2021
Asia Pacific is the leading market in terms of revenue in 2021 and is expected to hold its dominant position over the forecast period. The market growth in these regions is attributed to the growing aviation industry. For instance, the trunnion spherical market is majorly used to support substantial axial and radial load combinations of the rolls and cylinders, which is expected to drive demand for trunnion spherical bearings over the forecast period.
Figure 2: Global Trunnion Spherical Bearings Market (US$ Mn) Analysis and Forecast, 2022 - 2030
The global trunnion spherical Bearing market was valued at US$ 39,640 Mn in 2021 and is expected to reach US$ 60,840 Mn by 2030, growing at a CAGR of 5.1% between 2022 and 2030.
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