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United Airlines suspends production of 24 Boeing 777 will affect the price of fag bearing

After the engine failure, the FAA ordered an inspection and United Airlines suspended production of 24 Boeing 777s.

United Airlines said on Sunday that it will temporarily cancel service of 24 Boeing 777 aircraft after an emergency landing of the engines of 24 Boeing 777 aircraft last weekend.

The Director of the Federal Aviation Administration said on Sunday that the agency will order inspections of certain Boeing 777 aircraft powered by the same Platts and Whitney engines, PW4000.

After the right engine of the United Aircraft 328 malfunctioned, it made an emergency landing at Denver International Airport shortly after takeoff on Saturday afternoon. No one on board was injured, but there was no debris nearby, including debris that appeared to be a large hood.

The National Transportation Safety Board and the Federal Aviation Administration (FAA) are investigating the incident.

"After yesterday incident, we reviewed all available safety data. Based on the initial information, we concluded that the inspection interval for the unique hollow fan blades of this engine should be increased and used only for Boeing 777 aircraft." FAA Administrator Steve Dixon said in a statement.

There are currently 28 such aircraft in the United Airlines fleet. After the decline in demand due to the Covid -19 pandemic, airlines have parked or eliminated dozens of aircraft.

Affected by United Airlines suspends production of 24 Boeing 777s, the fag bearing market is changing rapidly. These changes are indicators of market decline. Bearings are an important part of modern machinery and equipment, and its downstream is widely used in industrial automation, high-end equipment, robotics, automobile manufacturing and other fields. In recent years, due to the decline in demand from downstream industries such as automobiles and machine tools, as well as the adjustment of industrial structure, the phase of transformation and upgrading, the phasing out of backward production capacity has changed the relationship between supply and demand. The number of bearing industries has declined. If you are looking for fag bearing or get more information about fag bearing, please send an email to

Due to changes in consumer demand, import and export conditions, and various investigations on the development of fag bearing, the cost of fag bearing is constantly changing. Taking into account the current market macroeconomic parameters, value chain analysis, channel partners, demand and supply, the cost of fag bearing will also be affected to a certain extent. It is estimated that the cost of fag bearing will increase slightly from next year.

The price of fag bearing continues to be affected by factors such as market decline momentum, various opportunities and challenges. However, during the forecast period from 2022 to 2027, the global fag bearing sales market is expected to continue to be above average. The growth rate will continue to increase. It is expected that In the second half of this year, the price of fag bearing will increase to a certain extent.  

The market trend of fag bearing?

The cost of raw materials is still the biggest concern for manufacturers. Raw materials account for approximately 60-62% of bearing manufacturers revenue. The price of raw materials for automotive bearings fluctuates continuously according to market economic conditions. Such fluctuations in raw material prices are becoming a real challenge for companies to maintain competitiveness and ensure sustainable profits. As high-grade steel and alloy steel are the main raw materials used to manufacture fag bearing, bearing prices are highly correlated with global steel price trends. Therefore, fluctuations in the price of raw materials have brought challenges for bearing manufacturers to compare prices and quality to manufacture automotive bearings. In addition, the bearings require regular maintenance to avoid failures and extend their service life, which further increases maintenance costs. Therefore, factors such as raw material price fluctuations and regular maintenance costs are expected to hinder the growth of the automotive bearing market.

The global fag bearing market is constantly changing. It is amazingly important research that explores the competitive landscape, segmentation, geographic expansion, and revenue, production and consumption growth of the global fag bearing target market. In addition, the fag bearing provides a series of different market segments and applications that can promote market development during the forecast period. In-depth information is based on historical milestones and current trends. In addition, the fag bearing market also covers development policies and plans, manufacturing processes and cost structures, marketing strategies, and then analyzes top fag bearing producers, distributors, marketing channels of fag bearing, potential buyers and fag bearing history of development.

The market demand of fag bearing?

The global bearing market value in 2020 is 123.34 billion U.S. dollars and is expected to reach 153.62 billion U.S. dollars by 2027, and the compound annual growth rate will also increase steadily.

A bearing is a mechanical element that supports relative movement and helps reduce friction caused between moving parts. Bearings are widely used in various industries such as automobiles, wind turbines, construction machinery, mining machinery, agricultural equipment, and machine tools. It is used in automobiles to ensure smooth driving of automobiles, electric vehicles (EV) and other types of vehicles (such as light commercial vehicles and heavy vehicles such as trucks). Due to the increasing utilization of bearing fag bearing in various end-use industries, rolling mills and electric vehicles, the global fag bearing market has become more and more important. The development of technology has improved the overall efficiency of bearing products in the automotive field and extended the product shelf life.

About Eric Bearing Limited

Since the establishment of ERIC BEARING LIMITED in 2011, Eric Bearing Co., Ltd. has established partnerships with some distributors who have authorized world-renowned manufacturers, such as Swedish SKF bearings, German FAG and INA bearings, and Japanese NSK bearings. Japan NTN bearings, Japan IKO bearings, Japan KOYO bearings, Japan NACHI bearings and American TIMKEN bearings, etc. Compared with other competitors, our price is very competitive, 30% lower than the customer\'s local market. We have set up multiple branch warehouses in Hong Kong Free Port, Shanghai Port and Guangzhou Port.

ERIC BEARING LIMITED-your professional brand bearing expert. More than 8 years of export experience can help you find the ideal purchasing solution. Various brands of bearings have abundant stocks, if you are interested, please feel free to contact us.

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