Market Overview:
The global automobile hub bearing market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for automobiles, especially passenger vehicles and commercial vehicles, across the globe. In addition, technological advancements in hub bearings are also contributing to the growth of this market. The global automobile hub bearing market is segmented on the basis of type, application and region. On the basis of type, it is divided into 1st generation automotive hub bearings, 2nd generation automotive hub bearings and 3rd generation automotive hub bearings. By application, it is classified into commercial vehicles and passenger vehicles segments. Region-wise, it covers North America (U.S., Canada), Latin America (Mexico), Europe (Germany), Asia Pacific (China) and Middle East & Africa (South Africa).
Product Definition:
A hub bearing is a type of bearing that is used to support the weight of an automobile wheel. Hub bearings are typically located in the center of a car's wheel and are responsible for rotating the wheel as the car moves.
1st Generation Automobile Hub Bearing:
1st generation automobile hub bearing is a kind of rolling element, which is used in automobiles to support the weight of the vehicle and facilitate smooth functioning of vehicle components. It has applications in both front as well as rear axles. The 1st generation automobile hub bearing was firstly designed for use in French cars; it was later adopted by other countries across the globe including Germany, U.S., Japan, etc.
2nd Generation Automobile Hub Bearing:
2nd generation automobile hub bearing is a kind of internal combustion engine component that supports the rotating motion of crankshaft and also bearly allows the reciprocating movement of connecting rod. The main function performed by these bearings is to keep the car engine assembly stationary while making sure that there are no vibrations or shocks to any part coming from transmission, road, and drive train.
Application Insights:
Passenger vehicles segment held the largest share of over 70.0% in 2017. The growth can be attributed to increasing production of passenger vehicles in emerging economies including China, India and Brazil owing to growing middle-class population with a preference for higher vehicle ownership. Moreover, stringent government regulations regarding reduction in fatalities and injuries caused due to accidents are boosting sales of passenger cars across the globe.
The commercial vehicles segment is expected register the fastest CAGR exceeding 8% from 2018 to 2030 on account of rising demand for trucks and buses from developing countries including China, India, Thailand.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region accounted for a share of more than 60% of total volume in 2017 owing to high demand from developing countries such as India, China, and Japan. Moreover, increasing automobile production coupled with rising per capita income will drive regional growth further.
The Asia Pacific hub bearing market is also anticipated to witness significant growth due to growing automotive industry across emerging economies such as South Korea and Indonesia. Increasing investments by foreign players are likely to boost automobile production leading to an increase in demand for hub bearings over the forecast period.
Growth Factors:
- Increasing demand for automobiles
- Growing automotive industry
- Rising disposable income of consumers
- Technological advancements in hub bearings
- Growing exports of automobiles
Scope Of The Report
Report Attributes
Report Details
Report Title
Automobile Hub Bearing Market Research Report
By Type
1st Generation Automobile Hub Bearing, 2nd Generation Automobile Hub Bearing, 3rd Generation Automobile Hub Bearing
By Application
Commercial Vehicles, Passenger Vehicles
By Companies
TIMKEN, NSK, JTEKT, FAG, NTN, Svenska Kullagerfabriken, Zhejiang Zhaofeng Mechanical and Electronic, Wanxiang Qianchao, Shuanglin, Wafangdian Bearing Group, TIMKEN
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
174
Number of Tables & Figures
122
Customization Available
Yes, the report can be customized as per your need.
Global Automobile Hub Bearing Market Report Segments:
The global Automobile Hub Bearing market is segmented on the basis of:
Types
1st Generation Automobile Hub Bearing, 2nd Generation Automobile Hub Bearing, 3rd Generation Automobile Hub Bearing
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Commercial Vehicles, Passenger Vehicles
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- TIMKEN
- NSK
- JTEKT
- FAG
- NTN
- Svenska Kullagerfabriken
- Zhejiang Zhaofeng Mechanical and Electronic
- Wanxiang Qianchao
- Shuanglin
- Wafangdian Bearing Group
- TIMKEN
Highlights of The Automobile Hub Bearing Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- 1st Generation Automobile Hub Bearing
- 2nd Generation Automobile Hub Bearing
- 3rd Generation Automobile Hub Bearing
- By Application:
- Commercial Vehicles
- Passenger Vehicles
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Automobile Hub Bearing Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Automobile Hub Bearing is a type of bearing that is used in automobiles. It helps to keep the car moving forward and allows the wheels to rotate.
Some of the key players operating in the automobile hub bearing market are TIMKEN, NSK, JTEKT, FAG, NTN, Svenska Kullagerfabriken, Zhejiang Zhaofeng Mechanical and Electronic, Wanxiang Qianchao, Shuanglin, Wafangdian Bearing Group, TIMKEN.
The automobile hub bearing market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Automobile Hub Bearing Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Automobile Hub Bearing Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Automobile Hub Bearing Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Automobile Hub Bearing Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Automobile Hub Bearing Market Size & Forecast, 2020-2028
4.5.1 Automobile Hub Bearing Market Size and Y-o-Y Growth
4.5.2 Automobile Hub Bearing Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 1st Generation Automobile Hub Bearing
5.2.2 2nd Generation Automobile Hub Bearing
5.2.3 3rd Generation Automobile Hub Bearing
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Commercial Vehicles
6.2.2 Passenger Vehicles
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Automobile Hub Bearing Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Automobile Hub Bearing Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 1st Generation Automobile Hub Bearing
9.6.2 2nd Generation Automobile Hub Bearing
9.6.3 3rd Generation Automobile Hub Bearing
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Commercial Vehicles
9.10.2 Passenger Vehicles
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 1st Generation Automobile Hub Bearing
10.6.2 2nd Generation Automobile Hub Bearing
10.6.3 3rd Generation Automobile Hub Bearing
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Commercial Vehicles
10.10.2 Passenger Vehicles
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 1st Generation Automobile Hub Bearing
11.6.2 2nd Generation Automobile Hub Bearing
11.6.3 3rd Generation Automobile Hub Bearing
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Commercial Vehicles
11.10.2 Passenger Vehicles
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 1st Generation Automobile Hub Bearing
12.6.2 2nd Generation Automobile Hub Bearing
12.6.3 3rd Generation Automobile Hub Bearing
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Commercial Vehicles
12.10.2 Passenger Vehicles
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 1st Generation Automobile Hub Bearing
13.6.2 2nd Generation Automobile Hub Bearing
13.6.3 3rd Generation Automobile Hub Bearing
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Commercial Vehicles
13.10.2 Passenger Vehicles
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Automobile Hub Bearing Market: Competitive Dashboard
14.2 Global Automobile Hub Bearing Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 TIMKEN
14.3.2 NSK
14.3.3 JTEKT
14.3.4 FAG
14.3.5 NTN
14.3.6 Svenska Kullagerfabriken
14.3.7 Zhejiang Zhaofeng Mechanical and Electronic
14.3.8 Wanxiang Qianchao
14.3.9 Shuanglin
14.3.10 Wafangdian Bearing Group
14.3.11 TIMKEN
