At 4.5% CAGR, Europe High Heat Bearing Market is Projected to be Worth US$ 1,841.57 Million by 2031, Says Business Market Insights

According to Business Market Insights' research, the Europe high heat bearing market was valued at US$ 1,294.49 million in 2023 and is expected to reach US$ 1,841.57 million by 2031, registering a CAGR of 4.5% from 2023 to 2031. Increasing investments in aerospace and defense sector and rising demand in food and beverage processing industries are among the critical factors attributed to the Europe high heat bearing market expansion.

Bearings that can resist severe temperatures are critical to the smooth operation of various components that are used in aerospace and defense systems, such as jet engines, turbines, and military equipment. These bearings can also be incorporated in aircraft engines, auxiliary power units (APUs), aircraft landing gear systems, hypersonic vehicles and weapons, etc. In jet engine and spacecraft components, high-temperature bearings withstand extreme temperatures resulting from high-speed operations. The aerospace industry poses vast requirements for bearings with extremely high reliability and durability. Aerospace bearing applications demand high speed (up to 65,000 rpm) and extreme temperatures (-54 to 300°C) requirements. Thus, technological breakthroughs, operational efficiency requirements, and advancements related to high-performance systems, coupled with the growing aerospace and defense sector, create the need for high heat bearings in various operations in this sector. The incorporation of such specialized bearings in aviation engines, spacecraft, military vehicles, or hypersonic systems adds to their ability to endure high temperatures, reduces wear, and increases overall system reliability. Thus, significant investments in the aerospace and defense sector bolster the growth of the market.

the increased cost associated with using advanced materials in bearing manufacturing processes hampers the growth of the Europe high heat bearing market.

Based on type, the Europe high heat bearing market is segmented into plain bearings, roller bearings, and deep groove ball bearings. The roller bearings segment held 37.7% share of the Europe high heat bearing market in 2023, amassing US$ 487.88 million. It is projected to garner US$ 728.66 million by 2031 to expand at 5.1% CAGR during 2023–2031. The plain bearings segment is further sub segmented into spherical plain bearings, rod ends, and bushings.

Based on industry, the Europe high heat bearing market is segmented into metal processing, aerospace, defense, food and beverages, energy and power, manufacturing, automotive, and others. The manufacturing segment held 24.8% share of the Europe high heat bearing market in 2023, amassing US$ 321.16 million. It is projected to garner US$ 427.07 million by 2031 to expand at 3.6% CAGR during 2023–2031.

Based on country, the Europe high heat bearing market is segmented into Germany, France, Italy, Spain, the UK, Russia, and the Rest of Europe. Germany held 26.6% share of Europe high heat bearing market in 2023, amassing US$ 343.82 million. It is projected to garner US$ 464.08 million by 2031 to expand at 3.8% CAGR during 2023–2031.

Key players operating in the high heat bearing market are NSK Ltd; NTN Corp; RBC Bearings Incorporated; SKF AB; Global Bearing Technologies S.r.L; Dalian Chengfeng Bearing Sales Co., Ltd; Scheerer Bearing Corporation; DURBAL Metallwarenfabrik GmbH; Graphite Metallizing Corporation; and ISK bearings, among others.

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