Automotive Bearings Market – Global Industry Size, Share, Trends Opportunity, and Forecast, Segmented By Bearing Type (Ball, Roller, Plain), By Application Type (Engine, Transmission, Wheel, Steering, Others), By Vehicle Type (Two Wheelers, Passenger Cars, Light Commercial Vehicles, Medium & Heavy Commercial Vehicles), By Region, Competition, 2019-2029F

  • Industry : Automotive
  • Pages : NA
  • Published Date : NA
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Summary

Report Description

Forecast Period

2025-2029

Market Size (2023)

USD 49.77 Billion

CAGR (2024-2029)

7.18%

Fastest Growing Segment

Passenger Cars

Largest Market

 Asia-Pacific

Market Size (2029)

USD 75.15 Billion





Market Overview

The Global Automotive Bearings Market size reached USD 49.77 Billion in 2023 and is expected to grow with a CAGR of 7.18% in the forecast period. The global automotive bearings market is a critical component of the automotive industry, providing essential functionality in various vehicle systems. Bearings are crucial for reducing friction between moving parts, thereby enhancing efficiency and durability in vehicles. They are utilized in diverse applications such as engines, transmissions, wheels, and steering systems, contributing significantly to overall vehicle performance.

Key Market Drivers

Increasing Vehicle Production and Sales

The global automotive bearings market is driven by the continuous growth in vehicle production and sales worldwide. As emerging economies experience rising income levels and increased urbanization, there is a growing demand for automobiles. This surge in demand directly translates to an increased need for automotive bearings, as they are essential components in various vehicle systems, including engines, transmissions, and wheels. As automotive manufacturers strive to meet the escalating demand, the automotive bearings market benefits from a sustained growth trajectory. This driver is particularly significant in regions like Asia-Pacific, where countries like China and India have become major hubs for automotive production and consumption.

Technological Advancements in Bearings

Technological advancements play a pivotal role in shaping the automotive bearings market. The industry has witnessed continuous innovation, with the development of advanced bearing materials, coatings, and designs. These innovations contribute to improved performance, durability, and efficiency of automotive bearings. The integration of technologies such as smart bearings, which can monitor and communicate their operating conditions, further enhances the market's appeal.These advancements not only meet the evolving requirements of modern vehicles but also contribute to reducing maintenance costs and enhancing overall vehicle performance. 

In September 2023, NBC Bearings introduced specialized low-noise bearings and initiated deliveries to EV manufacturers in India, focusing on applications such as motor and wheel hubs in electric two- and three-wheel vehicles. The Jaipur-based NBC Bearings, a part of the CK Birla Group, expanded its product range to meet the specific needs of the growing EV sector, securing contracts with major clients including Mahindra Last Mile Mobility, Altigreen, and Ather Energy. These bearings are designed to provide durable performance at high speeds typical of EV drivetrains, serving critical roles in wheel hubs, steering systems, and motors, underscoring NBC Bearings' collaborative approach with its customers.

Growing Emphasis on Fuel Efficiency

Increasing regulatory pressures and consumer awareness regarding environmental concerns have led to a growing emphasis on fuel efficiency in the automotive industry. Automotive bearings, being integral components of engines and drivetrain systems, play a crucial role in achieving fuel efficiency goals. Manufacturers are increasingly adopting lightweight and low-friction bearing technologies to reduce energy losses and improve overall fuel efficiency. This trend is expected to gain further traction as automotive companies strive to meet stringent emission standards and cater to consumer preferences for eco-friendly vehicles.

Rising Demand for Electric Vehicles (EVs)

The global shift towards sustainable transportation has led to a surge in the demand for electric vehicles (EVs). Unlike traditional internal combustion engine vehicles, electric vehicles rely heavily on various bearing types for smooth operation. This includes bearings in electric motors, transmissions, and other critical components. As the adoption of electric vehicles continues to rise, the automotive bearings market benefits from a growing customer base. The unique requirements of EVs, such as higher rotational speeds and different load patterns, also drive the need for specialized bearing solutions, creating new opportunities for market growth.

Increasing Vehicle Lifespan

The prolonged lifespan of vehicles, aided by advancements in manufacturing and maintenance practices, contributes significantly to the demand for automotive bearings. As consumers expect their vehicles to remain operational for longer periods, the need for reliable and durable bearing systems becomes paramount. Automotive bearings play a crucial role in ensuring the longevity of various vehicle components, from wheel hubs to gearbox assemblies. This factor is particularly relevant in mature automotive markets where consumers are inclined to retain their vehicles for extended durations, driving aftermarket demand for replacement bearings.

Growing Focus on R&D Activities

The automotive bearings market benefits from continuous research and development (R&D) activities aimed at enhancing bearing performance, durability, and cost-effectiveness. Manufacturers are investing in R&D to develop advanced materials, lubrication technologies, and manufacturing processes, contributing to the overall improvement of bearing solutions. This emphasis on innovation not only helps companies stay competitive but also addresses evolving industry challenges such as the need for compact, lightweight bearings with improved load-carrying capacities. R&D-driven advancements are pivotal in sustaining the market's growth and addressing the dynamic needs of the automotive sector.

Expansion of Aftermarket Services

The aftermarket segment is a crucial driver for the automotive bearings market. As vehicles age and undergo wear and tear, the need for replacement bearings becomes evident. The expansion of aftermarket services, including maintenance and repair, contributes significantly to the sustained demand for automotive bearings. The aftermarket provides opportunities for manufacturers to supply replacement bearings, catering to the diverse requirements of vehicle owners. This aspect is especially relevant in regions where the vehicle parc is aging, and consumers seek cost-effective solutions to keep their vehicles operational.

Globalization of Automotive Supply Chains

The globalization of automotive supply chains has a direct impact on the automotive bearings market. As automotive manufacturers expand their operations globally, the demand for bearings follows suit. The establishment of production facilities in diverse geographical locations ensures a consistent need for bearings across different markets. This driver is closely tied to the overall growth of the automotive industry on a global scale. The strategic placement of manufacturing facilities, coupled with efficient supply chain management, enables automotive bearing manufacturers to cater to the demands of both local and international markets, fostering sustained market expansion.


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Key Market Challenges

Intense Competition and Market Saturation

The global automotive bearings market faces a significant challenge due to intense competition and market saturation. The industry is characterized by numerous players, ranging from large multinational corporations to regional manufacturers. This fierce competition often leads to price wars, squeezing profit margins for companies. Additionally, the market saturation poses a challenge for companies to differentiate their products and gain a competitive edge. Innovation and the ability to offer unique value propositions become crucial in such a crowded landscape.

Fluctuating Raw Material Prices

Another challenge for the automotive bearings market is the volatility in raw material prices. Bearings are typically made from materials such as steel, and any fluctuations in the prices of these raw materials can impact production costs. Manufacturers are constantly striving to maintain profitability while dealing with the unpredictability of raw material prices. Developing strategic partnerships with suppliers and adopting cost-effective technologies are essential to mitigate the impact of these fluctuations.

Stringent Environmental Regulations

The automotive industry is subject to increasingly stringent environmental regulations aimed at reducing emissions and promoting sustainability. Compliance with these regulations poses a challenge for automotive bearing manufacturers, as they need to invest in research and development to produce environmentally friendly and energy-efficient solutions. Meeting these standards while maintaining cost-effectiveness requires a careful balance and can be a significant challenge for industry players.

Technological Disruptions and Innovations

The automotive bearings market is undergoing rapid technological advancements, including the adoption of electric vehicles (EVs) and autonomous driving technologies. These changes present both opportunities and challenges. Manufacturers need to invest in research and development to stay ahead in terms of technological innovation. Adapting to the evolving needs of the automotive industry and integrating smart technologies into bearings can be challenging, especially for traditional manufacturers.

Global Economic Uncertainties

The automotive bearings market is highly influenced by global economic conditions. Economic uncertainties, such as recessions or geopolitical tensions, can impact consumer spending on automobiles, thereby affecting the demand for automotive bearings. Companies operating in this market must develop flexible strategies to navigate economic uncertainties and mitigate risks associated with fluctuations in demand.

Counterfeit Products and Intellectual Property Concerns

Counterfeit automotive bearings pose a significant challenge to the industry. The proliferation of counterfeit products not only affects the revenues of legitimate manufacturers but also raises concerns about product safety and performance. Protecting intellectual property becomes crucial, and companies need to invest in robust anti-counterfeiting measures to safeguard their brand reputation and customer trust.

Supply Chain Disruptions

The automotive bearings market is susceptible to supply chain disruptions, as components are often sourced globally. Natural disasters, geopolitical events, and the ongoing impact of the COVID-19 pandemic highlight the vulnerability of global supply chains. Developing resilient supply chain strategies, including diversification of suppliers and strategic inventory management, is essential for mitigating the risks associated with disruptions.

Rapid Technological Obsolescence

The automotive industry is witnessing rapid technological advancements, leading to the potential obsolescence of existing technologies. This poses a challenge for automotive bearing manufacturers, as they need to continuously invest in research and development to keep pace with evolving industry trends. Anticipating future technological shifts and proactively adapting to them are crucial for long-term success in the market.

Key Market Trends

Technological Advancements Driving Innovation in Automotive Bearings

In recent years, the global automotive bearings market has witnessed a significant surge in technological advancements, reshaping the industry landscape. Manufacturers are increasingly focusing on incorporating advanced materials and manufacturing processes to enhance the performance and durability of automotive bearings. The adoption of technologies such as additive manufacturing and smart sensors has become pivotal in meeting the evolving demands of the automotive sector. These innovations not only improve the efficiency of automotive bearings but also contribute to the overall advancement of vehicle systems. 

In 2022, Schaeffler unveiled new bearings designed specifically for electric vehicles, including the TriFinity triple-row wheel bearing and a high-efficiency ball bearing with a centrifugal disc. These products are intended to improve efficiency and increase longevity across different types of electric vehicle powertrains, demonstrating Schaeffler's commitment to advancing automotive and industrial solutions for e-mobility.

Growing Emphasis on Sustainability and Eco-friendly Bearings

As environmental concerns continue to gain prominence, the automotive industry is placing a greater emphasis on sustainability. This trend is reflected in the increasing demand for eco-friendly and energy-efficient automotive bearings. Manufacturers are developing bearings with improved lubrication and reduced friction, contributing to lower energy consumption and emissions. Additionally, the use of recycled materials and environmentally conscious manufacturing processes is becoming more prevalent in response to the automotive industry's commitment to sustainability. 

Rise of Electric and Hybrid Vehicles Impacting Bearing Design

The global shift towards electric and hybrid vehicles has a profound impact on the automotive bearings market. These alternative propulsion systems require bearings with different specifications compared to traditional internal combustion engine vehicles. As a result, there is a growing focus on developing bearings that can withstand the unique challenges posed by electric and hybrid vehicles, including higher torque loads, increased operating temperatures, and reduced maintenance requirements. This trend is reshaping the design and manufacturing processes of automotive bearings.

Integration of IoT and Industry 4.0 in Bearing Monitoring and Maintenance

The incorporation of Internet of Things (IoT) and Industry 4.0 technologies is transforming the way automotive bearings are monitored and maintained. Smart bearings equipped with sensors and connectivity features enable real-time monitoring of performance parameters. This facilitates predictive maintenance, reducing downtime and enhancing the overall reliability of automotive systems. The data collected from smart bearings also contributes to continuous improvements in design and manufacturing processes. 

In July 2023, BCA released a new tool for automotive professionals to access torque specifications required for installing wheel bearings and hub assemblies. Initially launched in a limited capacity in March, the BCA Bearings Axle Nut Torque Specification Lookup Application is now universally available for all relevant BCA products. Users can conveniently search for torque specs using a familiar year, make, and model format, and also utilize the app to access BCA tech tips, instructional videos, and detailed product information.

Focus on Lightweight Materials for Improved Fuel Efficiency

In pursuit of enhanced fuel efficiency, automakers are increasingly prioritizing lightweight materials in vehicle components, including bearings. The use of advanced materials such as composites, ceramics, and high-strength alloys is gaining traction in the automotive bearings market. Lightweight bearings contribute to reduced vehicle weight, resulting in improved fuel efficiency and lower emissions. This trend aligns with the automotive industry's commitment to meeting stringent regulatory standards for environmental sustainability.

Globalization and Market Expansion Strategies

The automotive bearings market is witnessing increased globalization and market expansion strategies by key players. Manufacturers are establishing strategic partnerships, collaborations, and mergers to strengthen their global presence and tap into emerging markets. This trend is driven by the growing demand for vehicles in developing regions and the need for a diverse product portfolio to cater to different automotive segments. Market expansion strategies also involve the establishment of production facilities in key geographical locations to ensure efficient supply chain management.

Stringent Regulatory Standards Shaping Bearing Development

Stringent regulatory standards regarding emissions, safety, and fuel efficiency are influencing the development of automotive bearings. Manufacturers are compelled to design bearings that meet or exceed these standards, driving continuous innovation in the industry. Compliance with regulations such as Euro 6 emissions standards and Corporate Average Fuel Economy (CAFE) standards in various regions is a critical factor shaping the design, materials, and lubrication technologies used in automotive bearings.

Increasing Demand for Autonomous Vehicles and Their Bearing Requirements

The advent of autonomous vehicles is opening new avenues of growth and innovation in the automotive bearings market. Autonomous vehicles demand bearings with exceptional precision, reliability, and durability to ensure safe and efficient operation. The increased complexity and sophistication of autonomous systems require bearings that can withstand high levels of stress and provide consistent performance over extended periods. As the development and deployment of autonomous vehicles progress, the demand for specialized automotive bearings tailored to these Bearing Types is expected to rise significantly.

Segmental Insights

Bearing Type

Ball bearings constitute a fundamental segment of the automotive bearing market, renowned for their ability to facilitate smooth rotational motion and handle both radial and axial loads simultaneously. These bearings find extensive use in various critical automotive components, including wheel hubs, transmission systems, and steering mechanisms. The versatility of ball bearings is particularly advantageous in optimizing vehicle performance and fuel efficiency. The demand for ball bearings is notably high in applications such as wheel hubs, where their efficiency plays a crucial role in ensuring a smooth and responsive driving experience. As automotive manufacturers strive to meet stringent fuel efficiency standards, the adoption of advanced ball bearing designs becomes imperative to achieve the desired objectives.

Roller bearings represent another significant segment within the global automotive bearing market. These bearings are characterized by their capacity to handle heavier loads and provide increased radial and axial support compared to ball bearings. As a result, roller bearings find widespread applications in critical automotive systems, including engine components, gearbox assemblies, and differential units. The growth of roller bearings is further fueled by advancements in manufacturing processes and materials. High-performance alloys and specialized coatings contribute to increased bearing life and improved performance, addressing the evolving needs of the automotive industry. Roller bearings continue to be integral components in ensuring the overall robustness and efficiency of vehicles.

Plain bearings, also known as bushings, constitute a distinct segment in the automotive bearing market, offering a sliding surface between two components. These bearings are valued for their simplicity and cost-effectiveness, making them suitable for applications where friction and wear need to be minimized. Commonly used in suspension systems, connecting rods, and various pivot points within vehicles, plain bearings play a crucial role in ensuring smooth and noise-free operation. Despite their simplicity, plain bearings are essential in specific automotive systems, particularly those requiring low-friction operation. The cost-effectiveness of plain bearings makes them attractive for manufacturers seeking efficient solutions for particular applications within the automotive sector.


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Regional Insights

North America is a key region in the automotive bearings market, characterized by technological advancements, stringent regulations, and a focus on sustainability. In recent years, there has been a growing demand for electric and hybrid vehicles, influencing the automotive bearings market. The region is home to major automotive manufacturers, contributing to the increased need for high-quality bearings. The United States, in particular, plays a pivotal role in shaping the automotive bearings market. The country's strong emphasis on innovation and research and development has led to the adoption of advanced bearing technologies. Additionally, the region's focus on fuel efficiency and reduced emissions has driven the demand for specialized bearings.

Europe & CIS is a prominent player in the global automotive bearings market, boasting a robust automotive industry with a strong presence of key market players. The European market is characterized by a high degree of technological sophistication, stringent quality standards, and a shift towards electric mobility. Countries in the Commonwealth of Independent States (CIS) are also contributing to the market growth, albeit to a lesser extent. The automotive sector in these nations is undergoing modernization, and as a result, there is an increasing demand for reliable and durable automotive bearings.

Asia-Pacific is the largest market in the global automotive bearings industry, driven by the rapid growth of the automotive sector in countries like China and India. As a key manufacturing hub for automotive components, including bearings, the region benefits from cost advantages and a skilled labor force. China, in particular, stands out as the largest automotive market globally, with its focus on electric vehicles and its position as the world's largest automobile producer significantly influencing the demand for automotive bearings. Additionally, countries like Japan and South Korea play vital roles in shaping market dynamics, reinforcing Asia-Pacific's dominant position in the industry.

South America has a growing automotive industry, although it is not as mature as some other regions. Brazil, in particular, has a substantial automotive market and is a key player in the South American automotive bearings landscape. The region's market is influenced by factors such as economic conditions, consumer preferences, and government policies. Challenges such as economic instability and fluctuating demand can impact the growth of the automotive bearings market in South America. However, as the automotive sector continues to evolve, opportunities for market expansion and technological advancements are expected.

The Middle East & Africa region is characterized by a mix of developing and emerging automotive markets. While the automotive industry is not as dominant as in some other regions, there is a gradual increase in vehicle production and sales. The Middle East, with its affluent consumer base, exhibits potential for luxury and high-performance vehicles, influencing the demand for premium automotive bearings. Africa, on the other hand, is witnessing infrastructural developments, leading to an upswing in the automotive sector and subsequently, the automotive bearings market.

Recent Development

In January 2024, SKF India introduced a CO2 calculator tailored for automotive bearings, helping OEM customers comprehend carbon emissions from ICE vehicles and energy losses in EVs, aiming to boost their competitive advantage. The Maharashtra-headquartered Tier-1 bearings leader launched the Auto CO2 calculator to transform the bearing selection process, offering valuable insights aligned with SKF's commitment to sustainability and environmentally-responsible engineering.

In 2023, SKF India, a bearings manufacturer in the country, has introduced an Open Innovation initiative aimed at catalyzing innovation and fostering the development of sustainable, customer-centric solutions aligned with their intelligent and clean strategy. In partnership with IncubateHub, this initiative seeks engagement from startups, scale-ups, academic institutions, and industry experts. The goal is to facilitate the exchange of ideas, technologies, and expertise to collaboratively innovate solutions tailored for the industrial and automotive sectors across Southeast Asia. This initiative underscores SKF India's commitment to driving forward-thinking approaches and leveraging external partnerships to address market challenges and enhance their product offerings in alignment with evolving customer needs and environmental sustainability goals.

In 2023, NBC Bearings has introduced specialized low-noise bearings designed to minimize NVH (Noise, Vibration, and Harshness) levels specifically for electric vehicle (EV) applications such as motor and wheel hubs in two- and three-wheelers. Their clientele includes prominent names like Mahindra Last Mile Mobility, Altigreen, and Ather Energy. According to NBC Bearings, these advanced bearings offer robust performance at high RPMs, which are typical for EV drivetrains, and are well-suited for use in electric vehicle applications such as wheel hubs, steering systems, and motors. 

Key Market Players

  • JTEKT Corporation
  • AB SKF
  • Schaeffler AG
  • NSK Ltd.
  • NTN Corporation
  • The Timken Company
  • Nippon Thompson Co., Ltd.
  • RBC Bearings Incorporated
  • MinebeaMitsumi Inc.
  • CW Bearing GmbH

 

By Bearing Type

By Application Type

By Vehicle Type

By Region
  • Ball
  • Roller
  • Plain
  • Engine
  • Transmission
  • Wheel
  • Steering
  • Others
  • Two Wheelers
  • Passenger Cars
  • Light Commercial Vehicles
  • Medium & Heavy Commercial Vehicles
  • North America
  • Europe & CIS
  • Asia-Pacific
  • South America
  • Middle East & Africa

 Report Scope:

In this report, the Global Automotive Bearings Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

  • Automotive Bearings Market, By Bearing Type:

o   Ball

o   Roller

o   Plain  

  • Automotive Bearings Market, By Application Type:

o   Engine

o   Transmission

o   Wheel

o   Steering

o   Others

  • Automotive Bearings Market, By Vehicle Type:

o   Two Wheelers

o   Passenger Cars

o   Light Commercial Vehicles

o   Medium & Heavy Commercial Vehicles

  • Automotive Bearings Market, By Region:

o   North America

§  United States

§  Canada

§  Mexico

o   Europe & CIS

§  Germany

§  Spain

§  France

§  Russia

§  Italy

§  United Kingdom

§  Belgium

o   Asia-Pacific

§  China

§  India

§  Japan

§  Indonesia

§  Thailand

§  Australia

§  South Korea

o   South America

§  Brazil

§  Argentina

§  Colombia

o   Middle East & Africa

§  Turkey

§  Iran

§  Saudi Arabia

§  UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies presents in the Global Automotive Bearings Market.

Available Customizations:

Global Automotive Bearings Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Global Automotive Bearings Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Introduction

1.1.  Product Overview

1.2.  Key Highlights of the Report

1.3.  Market Coverage

1.4.  Market Segments Covered

1.5.  Research Tenure Considered

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Sources

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validation

2.7.  Assumptions and Limitations

3.    Executive Summary

3.1.  Market Overview

3.2.  Market Forecast

3.3.  Key Regions

3.4.  Key Segments

4.    Impact of COVID-19 on Global Automotive Bearings Market

5.    Global Automotive Bearings Market Outlook

5.1.  Market Size & Forecast

5.1.1.    By Value

5.2.  Market Share & Forecast

5.2.1.    By Bearing Type Market Share Analysis (Ball, Roller, Plain)

5.2.2.    By Application Type Market Share Analysis (Engine, Transmission, Wheel, Steering, Others)

5.2.3.    By Vehicle Type Market Share Analysis (Two Wheelers, Passenger Cars, Light Commercial Vehicles, Medium & Heavy Commercial Vehicles)

5.2.4.    By Regional Market Share Analysis

5.2.4.1.        Asia-Pacific Market Share Analysis

5.2.4.2.        Europe & CIS Market Share Analysis

5.2.4.3.        North America Market Share Analysis

5.2.4.4.        South America Market Share Analysis

5.2.4.5.        Middle East & Africa Market Share Analysis

5.2.5.    By Company Market Share Analysis (Top 5 Companies, Others - By Value, 2023)

5.3.  Global Automotive Bearings Market Mapping & Opportunity Assessment

5.3.1.    By Bearing Type Market Mapping & Opportunity Assessment

5.3.2.    By Application Type Market Mapping & Opportunity Assessment

5.3.3.    By Vehicle Type Market Mapping & Opportunity Assessment

5.3.4.    By Regional Market Mapping & Opportunity Assessment

6.    Asia-Pacific Automotive Bearings Market Outlook

6.1.  Market Size & Forecast

6.1.1.    By Value

6.2.  Market Share & Forecast

6.2.1.    By Bearing Type Market Share Analysis

6.2.2.    By Application Type Market Share Analysis

6.2.3.    By Vehicle Type Market Share Analysis

6.2.4.    By Country Market Share Analysis

6.2.4.1.        China Market Share Analysis

6.2.4.2.        India Market Share Analysis

6.2.4.3.        Japan Market Share Analysis

6.2.4.4.        Indonesia Market Share Analysis

6.2.4.5.        Thailand Market Share Analysis

6.2.4.6.        South Korea Market Share Analysis

6.2.4.7.        Australia Market Share Analysis

6.2.4.8.        Rest of Asia-Pacific Market Share Analysis

6.3.  Asia-Pacific: Country Analysis

6.3.1.    China Automotive Bearings Market Outlook

6.3.1.1.        Market Size & Forecast

6.3.1.1.1.           By Value

6.3.1.2.        Market Share & Forecast

6.3.1.2.1.           By Bearing Type Market Share Analysis

6.3.1.2.2.           By Application Type Market Share Analysis

6.3.1.2.3.           By Vehicle Type Market Share Analysis

6.3.2.    India Automotive Bearings Market Outlook

6.3.2.1.        Market Size & Forecast

6.3.2.1.1.           By Value

6.3.2.2.        Market Share & Forecast

6.3.2.2.1.           By Bearing Type Market Share Analysis

6.3.2.2.2.           By Application Type Market Share Analysis

6.3.2.2.3.           By Vehicle Type Market Share Analysis

6.3.3.    Japan Automotive Bearings Market Outlook

6.3.3.1.        Market Size & Forecast

6.3.3.1.1.           By Value

6.3.3.2.        Market Share & Forecast

6.3.3.2.1.           By Bearing Type Market Share Analysis

6.3.3.2.2.           By Application Type Market Share Analysis

6.3.3.2.3.           By Vehicle Type Market Share Analysis

6.3.4.    Indonesia Automotive Bearings Market Outlook

6.3.4.1.        Market Size & Forecast

6.3.4.1.1.           By Value

6.3.4.2.        Market Share & Forecast

6.3.4.2.1.           By Bearing Type Market Share Analysis

6.3.4.2.2.           By Application Type Market Share Analysis

6.3.4.2.3.           By Vehicle Type Market Share Analysis

6.3.5.    Thailand Automotive Bearings Market Outlook

6.3.5.1.        Market Size & Forecast

6.3.5.1.1.           By Value

6.3.5.2.        Market Share & Forecast

6.3.5.2.1.           By Bearing Type Market Share Analysis

6.3.5.2.2.           By Application Type Market Share Analysis

6.3.5.2.3.           By Vehicle Type Market Share Analysis

6.3.6.    South Korea Automotive Bearings Market Outlook

6.3.6.1.        Market Size & Forecast

6.3.6.1.1.           By Value

6.3.6.2.        Market Share & Forecast

6.3.6.2.1.           By Bearing Type Market Share Analysis

6.3.6.2.2.           By Application Type Market Share Analysis

6.3.6.2.3.           By Vehicle Type Market Share Analysis

6.3.7.    Australia Automotive Bearings Market Outlook

6.3.7.1.        Market Size & Forecast

6.3.7.1.1.           By Value

6.3.7.2.        Market Share & Forecast

6.3.7.2.1.           By Bearing Type Market Share Analysis

6.3.7.2.2.           By Application Type Market Share Analysis

6.3.7.2.3.           By Vehicle Type Market Share Analysis

7.    Europe & CIS Automotive Bearings Market Outlook

7.1.  Market Size & Forecast

7.1.1.    By Value

7.2.  Market Share & Forecast

7.2.1.    By Bearing Type Market Share Analysis

7.2.2.    By Application Type Market Share Analysis

7.2.3.    By Vehicle Type Market Share Analysis

7.2.4.    By Country Market Share Analysis

7.2.4.1.        Germany Market Share Analysis

7.2.4.2.        Spain Market Share Analysis

7.2.4.3.        France Market Share Analysis

7.2.4.4.        Russia Market Share Analysis

7.2.4.5.        Italy Market Share Analysis

7.2.4.6.        United Kingdom Market Share Analysis

7.2.4.7.        Belgium Market Share Analysis

7.2.4.8.        Rest of Europe & CIS Market Share Analysis

7.3.  Europe & CIS: Country Analysis

7.3.1.    Germany Automotive Bearings Market Outlook

7.3.1.1.        Market Size & Forecast

7.3.1.1.1.           By Value

7.3.1.2.        Market Share & Forecast

7.3.1.2.1.           By Bearing Type Market Share Analysis

7.3.1.2.2.           By Application Type Market Share Analysis

7.3.1.2.3.           By Vehicle Type Market Share Analysis

7.3.2.    Spain Automotive Bearings Market Outlook

7.3.2.1.        Market Size & Forecast

7.3.2.1.1.           By Value

7.3.2.2.        Market Share & Forecast

7.3.2.2.1.           By Bearing Type Market Share Analysis

7.3.2.2.2.           By Application Type Market Share Analysis

7.3.2.2.3.           By Vehicle Type Market Share Analysis

7.3.3.    France Automotive Bearings Market Outlook

7.3.3.1.        Market Size & Forecast

7.3.3.1.1.           By Value

7.3.3.2.        Market Share & Forecast

7.3.3.2.1.           By Bearing Type Market Share Analysis

7.3.3.2.2.           By Application Type Market Share Analysis

7.3.3.2.3.           By Vehicle Type Market Share Analysis

7.3.4.    Russia Automotive Bearings Market Outlook

7.3.4.1.        Market Size & Forecast

7.3.4.1.1.           By Value

7.3.4.2.        Market Share & Forecast

7.3.4.2.1.           By Bearing Type Market Share Analysis

7.3.4.2.2.           By Application Type Market Share Analysis

7.3.4.2.3.           By Vehicle Type Market Share Analysis

7.3.5.    Italy Automotive Bearings Market Outlook

7.3.5.1.        Market Size & Forecast

7.3.5.1.1.           By Value

7.3.5.2.        Market Share & Forecast

7.3.5.2.1.           By Bearing Type Market Share Analysis

7.3.5.2.2.           By Application Type Market Share Analysis

7.3.5.2.3.           By Vehicle Type Market Share Analysis

7.3.6.    United Kingdom Automotive Bearings Market Outlook

7.3.6.1.        Market Size & Forecast

7.3.6.1.1.           By Value

7.3.6.2.        Market Share & Forecast

7.3.6.2.1.           By Bearing Type Market Share Analysis

7.3.6.2.2.           By Application Type Market Share Analysis

7.3.6.2.3.           By Vehicle Type Market Share Analysis

7.3.7.    Belgium Automotive Bearings Market Outlook

7.3.7.1.        Market Size & Forecast

7.3.7.1.1.           By Value

7.3.7.2.        Market Share & Forecast

7.3.7.2.1.           By Bearing Type Market Share Analysis

7.3.7.2.2.           By Application Type Market Share Analysis

7.3.7.2.3.           By Vehicle Type Market Share Analysis

8.    North America Automotive Bearings Market Outlook

8.1.  Market Size & Forecast

8.1.1.    By Value

8.2.  Market Share & Forecast

8.2.1.    By Bearing Type Market Share Analysis

8.2.2.    By Application Type Market Share Analysis

8.2.3.    By Vehicle Type Market Share Analysis

8.2.4.    By Country Market Share Analysis

8.2.4.1.        United States Market Share Analysis

8.2.4.2.        Mexico Market Share Analysis

8.2.4.3.        Canada Market Share Analysis

8.3.  North America: Country Analysis

8.3.1.    United States Automotive Bearings Market Outlook

8.3.1.1.        Market Size & Forecast

8.3.1.1.1.           By Value

8.3.1.2.        Market Share & Forecast

8.3.1.2.1.           By Bearing Type Market Share Analysis

8.3.1.2.2.           By Application Type Market Share Analysis

8.3.1.2.3.           By Vehicle Type Market Share Analysis

8.3.2.    Mexico Automotive Bearings Market Outlook

8.3.2.1.        Market Size & Forecast

8.3.2.1.1.           By Value

8.3.2.2.        Market Share & Forecast

8.3.2.2.1.           By Bearing Type Market Share Analysis

8.3.2.2.2.           By Application Type Market Share Analysis

8.3.2.2.3.           By Vehicle Type Market Share Analysis

8.3.3.    Canada Automotive Bearings Market Outlook

8.3.3.1.        Market Size & Forecast

8.3.3.1.1.           By Value

8.3.3.2.        Market Share & Forecast

8.3.3.2.1.           By Bearing Type Market Share Analysis

8.3.3.2.2.           By Application Type Market Share Analysis

8.3.3.2.3.           By Vehicle Type Market Share Analysis

9.    South America Automotive Bearings Market Outlook

9.1.  Market Size & Forecast

9.1.1.    By Value

9.2.  Market Share & Forecast

9.2.1.    By Bearing Type Market Share Analysis

9.2.2.    By Application Type Market Share Analysis

9.2.3.    By Vehicle Type Market Share Analysis

9.2.4.    By Country Market Share Analysis

9.2.4.1.        Brazil Market Share Analysis

9.2.4.2.        Argentina Market Share Analysis

9.2.4.3.        Colombia Market Share Analysis

9.2.4.4.        Rest of South America Market Share Analysis

9.3.  South America: Country Analysis

9.3.1.    Brazil Automotive Bearings Market Outlook

9.3.1.1.        Market Size & Forecast

9.3.1.1.1.           By Value

9.3.1.2.        Market Share & Forecast

9.3.1.2.1.           By Bearing Type Market Share Analysis

9.3.1.2.2.           By Application Type Market Share Analysis

9.3.1.2.3.           By Vehicle Type Market Share Analysis

9.3.2.    Colombia Automotive Bearings Market Outlook

9.3.2.1.        Market Size & Forecast

9.3.2.1.1.           By Value

9.3.2.2.        Market Share & Forecast

9.3.2.2.1.           By Bearing Type Market Share Analysis

9.3.2.2.2.           By Application Type Market Share Analysis

9.3.2.2.3.           By Vehicle Type Market Share Analysis

9.3.3.    Argentina Automotive Bearings Market Outlook

9.3.3.1.        Market Size & Forecast

9.3.3.1.1.           By Value

9.3.3.2.        Market Share & Forecast

9.3.3.2.1.           By Bearing Type Market Share Analysis

9.3.3.2.2.           By Application Type Market Share Analysis

9.3.3.2.3.           By Vehicle Type Market Share Analysis

10. Middle East & Africa Automotive Bearings Market Outlook

10.1.           Market Size & Forecast

10.1.1. By Value

10.2.           Market Share & Forecast

10.2.1. By Bearing Type Market Share Analysis

10.2.2. By Application Type Market Share Analysis

10.2.3. By Vehicle Type Market Share Analysis

10.2.4. By Country Market Share Analysis

10.2.4.1.     Turkey Market Share Analysis

10.2.4.2.     Iran Market Share Analysis

10.2.4.3.     Saudi Arabia Market Share Analysis

10.2.4.4.     UAE Market Share Analysis

10.2.4.5.     Rest of Middle East & Africa Market Share Analysis

10.3.           Middle East & Africa: Country Analysis

10.3.1. Turkey Automotive Bearings Market Outlook

10.3.1.1.     Market Size & Forecast

10.3.1.1.1.         By Value

10.3.1.2.     Market Share & Forecast

10.3.1.2.1.         By Bearing Type Market Share Analysis

10.3.1.2.2.         By Application Type Market Share Analysis

10.3.1.2.3.         By Vehicle Type Market Share Analysis

10.3.2. Iran Automotive Bearings Market Outlook

10.3.2.1.     Market Size & Forecast

10.3.2.1.1.         By Value

10.3.2.2.     Market Share & Forecast

10.3.2.2.1.         By Bearing Type Market Share Analysis

10.3.2.2.2.         By Application Type Market Share Analysis

10.3.2.2.3.         By Vehicle Type Market Share Analysis

10.3.3. Saudi Arabia Automotive Bearings Market Outlook

10.3.3.1.     Market Size & Forecast

10.3.3.1.1.         By Value

10.3.3.2.     Market Share & Forecast

10.3.3.2.1.         By Bearing Type Market Share Analysis

10.3.3.2.2.         By Application Type Market Share Analysis

10.3.3.2.3.         By Vehicle Type Market Share Analysis

10.3.4. UAE Automotive Bearings Market Outlook

10.3.4.1.     Market Size & Forecast

10.3.4.1.1.         By Value

10.3.4.2.     Market Share & Forecast

10.3.4.2.1.         By Bearing Type Market Share Analysis

10.3.4.2.2.         By Application Type Market Share Analysis

10.3.4.2.3.         By Vehicle Type Market Share Analysis

11. SWOT Analysis

11.1.           Strength

11.2.           Weakness

11.3.           Opportunities

11.4.           Threats

12. Market Dynamics

12.1.           Market Drivers

12.2.           Market Challenges

13. Market Trends and Developments

14. Competitive Landscape

14.1.           Company Profiles (Up to 10 Major Companies)

14.1.1. JTEKT Corporation

14.1.1.1.     Company Details

14.1.1.2.     Key Product Offered

14.1.1.3.     Financials (As Per Availability)

14.1.1.4.     Recent Developments

14.1.1.5.     Key Management Personnel

14.1.2. AB SKF

14.1.2.1.     Company Details

14.1.2.2.     Key Product Offered

14.1.2.3.     Financials (As Per Availability)

14.1.2.4.     Recent Developments

14.1.2.5.     Key Management Personnel

14.1.3. Schaeffler AG

14.1.3.1.     Company Details

14.1.3.2.     Key Product Offered

14.1.3.3.     Financials (As Per Availability)

14.1.3.4.     Recent Developments

14.1.3.5.     Key Management Personnel

14.1.4. NSK Ltd.

14.1.4.1.     Company Details

14.1.4.2.     Key Product Offered

14.1.4.3.     Financials (As Per Availability)

14.1.4.4.     Recent Developments

14.1.4.5.     Key Management Personnel

14.1.5. NTN Corporation

14.1.5.1.     Company Details

14.1.5.2.     Key Product Offered

14.1.5.3.     Financials (As Per Availability)

14.1.5.4.     Recent Developments

14.1.5.5.     Key Management Personnel

14.1.6. The Timken Company

14.1.6.1.     Company Details

14.1.6.2.     Key Product Offered

14.1.6.3.     Financials (As Per Availability)

14.1.6.4.     Recent Developments

14.1.6.5.     Key Management Personnel

14.1.7. Nippon Thompson Co., Ltd.

14.1.7.1.     Company Details

14.1.7.2.     Key Product Offered

14.1.7.3.     Financials (As Per Availability)

14.1.7.4.     Recent Developments

14.1.7.5.     Key Management Personnel

14.1.8. RBC Bearings Incorporated

14.1.8.1.     Company Details

14.1.8.2.     Key Product Offered

14.1.8.3.     Financials (As Per Availability)

14.1.8.4.     Recent Developments

14.1.8.5.     Key Management Personnel

14.1.9. MinebeaMitsumi Inc.

14.1.9.1.     Company Details

14.1.9.2.     Key Product Offered

14.1.9.3.     Financials (As Per Availability)

14.1.9.4.     Recent Developments

14.1.9.5.     Key Management Personnel

14.1.10.  CW Bearing GmbH

14.1.10.1.  Company Details

14.1.10.2.  Key Product Offered

14.1.10.3.  Financials (As Per Availability)

14.1.10.4.  Recent Developments

14.1.10.5.  Key Management Personnel

15. Strategic Recommendations

15.1.           Key Focus Areas

15.1.1. Target Region

15.1.2. Target Bearing Type

15.1.3. Target Application Type

16. About Us & Disclaimer

Figures and Tables

Frequently asked questions

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The Global Automotive Bearings Market size reached USD 49.77 Billion in 2023.

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In 2023, Passenger Cars emerged as the fastest-growing segment in the global automotive bearings market due to increasing vehicle sales and technological advancements, rising consumer demand for fuel-efficient and durable vehicles.

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Asia-Pacific is the dominating region in the global automotive bearings market due to robust automotive manufacturing activities, increasing vehicle production and demand for efficient automotive components, contributing significantly to market growth.

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The Global Automotive Bearings market is propelled by several major drivers, including the continuous expansion of the automotive industry, rising vehicle production, and increasing demand for fuel-efficient and technologically advanced vehicles.

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Srishti Verma

Business Consultant
Press Release

Automotive Bearings Market to Grow at 7.18% CAGR through 2029

Jul, 2024

Technological advancements, rising demand for electric and hybrid vehicles, and global automotive production growth are the factors driving the market in the forecast period.

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