Trunnion Spherical Bearings Market Size and Trends

Trunnion Spherical Bearings Market, By Type (Split Spherical Roller Bearings and Non-split Bearings), By Industry (Aviation, Oil and Gas, Manufacturing, Energy, and Others), By Distribution Channel (Online Sales, Company Direct Sales, and Distributor Sales), By Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030

Published In : Jan 2023

Code : CMI3832

Pages :130

Formats :

Excel and PDF

Industry : Industrial Automation and Machinery

Trunnion Spherical Bearings MarketSize and Trends

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.