Market Overview:
The global automotive bearing market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for passenger cars, light commercial vehicles (LCVs), and heavy commercial vehicles (HCVs) across the globe. In addition, the growing awareness about vehicle safety and fuel efficiency is also propelling the demand for automotive bearings. The ball bearing segment is expected to dominate the global automotive bearing market during the forecast period owing to its high performance and durability as compared to other types of bearings. The roller bearing segment is projected to grow at a higher CAGR than other types of bearings during 2018-2030 due its ability handle radial and thrust loads simultaneously without failure. Asia Pacific accounted for majority share in terms of revenue in 2017, followed by Europe and North America respectively.
Product Definition:
A bearing is a device that supports or guides the motion of a rotating shaft or axle. Automotive bearings are typically made from steel and are designed to withstand the high loads and speeds encountered in automotive applications. They come in many shapes and sizes, but all share one common feature: they allow a rotating shaft or axle to move freely while minimizing friction.
Ball Bearing:
Bearing is a cylindrical part that rotates on an axis and supports the weight of the machinery or equipment. The bearings are used in various applications such as cranes, automobiles, wind turbines, construction equipment and others. Automotive bearing is one of the important application segments where ball bearings play a vital role owing to their properties such as low friction coefficient between races (the pair of surfaces joined together), high tolerance for radial and axial loads along with minimum speed variation.
Roller Bearing:
Roller bearings are cylindrical, conical or spherical metal elements that are used to support the rotating shaft in various machinery. The roller bearing supports the weight of the equipment and allows free movement of its parts thus making it suitable for high-speed applications. It can be distinguished from other bearing types by its size, shape and load carrying capacity.
Application Insights:
The passenger car application segment led the global automotive bearing market in 2017 and is projected to maintain its dominance over the forecast period. The increasing production of passenger cars, especially in China, India and Japan is expected to drive demand for bearings from 2018 to 2030.
The light commercial vehicle (LCV) segment accounted for a significant share of the global revenue in 2017 owing to increased production of LCVs in Asia Pacific countries such as China, India and Thailand. In addition, growth of the LCV industry across Middle East countries including Saudi Arabia, UAE and Iran is likely to propel product demand over the next eight years.
Heavy Commercial Vehicle (HCV) segment also accounted for a significant share due to increased HCVs manufacturing across European countries such as Germany., UK., France., Spain. Italy.; Belgium; Sweden; Finland; Portugal.; Czech Republic.; Poland.; Russia; Slovakia.; Ukraine etc.
Regional Analysis:
Asia Pacific is expected to witness significant growth over the forecast period owing to increasing automobile production in countries such as China, India, and Japan. The region accounted for a share of 36.0% of the overall revenue in 2017 and is projected to expand at a CAGR of XX% from 2018 to 2030. This can be attributed to increasing vehicle production by manufacturers such as Toyota Motor Corporation; Honda Motor Co., Ltd.
North America was estimated as one of the largest markets for automotive bearing with a market share of 12.2%, followed by Europe which accounted for 11%. The U.S.
Growth Factors:
- Increasing demand for automobiles due to rising population and income levels in developing countries
- Growing trend of vehicle electrification and hybridization
- Proliferation of advanced technologies such as autonomous driving, electric vehicles, and connected cars
- Stringent emission norms by regulatory authorities across the globe
- Rising OEM investments in R&D to develop innovative products
Scope Of The Report
Report Attributes
Report Details
Report Title
Automotive Bearing Market Research Report
By Type
Ball Bearing, Roller Bearing, Others
By Application
Passenger Car, LCV, HCV
By Companies
Timken, Svenska Kullagerfabriken, Schaeffler, RKB Bearings, RBC Bearings, ORS Bearings, NTN, NSK, Nachi Fujikoshi, Minebea, Jtekt, CW Bearing, C&U Bearing, Iljin Bearing, Wafangdian Bearing, SNL Bearings Ltd.
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
232
Number of Tables & Figures
163
Customization Available
Yes, the report can be customized as per your need.
Global Automotive Bearing Market Report Segments:
The global Automotive Bearing market is segmented on the basis of:
Types
Ball Bearing, Roller Bearing, Others
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
Passenger Car, LCV, HCV
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
- Svenska Kullagerfabriken
- Schaeffler
- RKB Bearings
- RBC Bearings
- ORS Bearings
- NTN
- NSK
- Nachi Fujikoshi
- Minebea
- Jtekt
- CW Bearing
- C&U Bearing
- Iljin Bearing
- Wafangdian Bearing
- SNL Bearings Ltd.
Highlights of The Automotive 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:
- Ball Bearing
- Roller Bearing
- Others
- By Application:
- Passenger Car
- LCV
- HCV
- 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 Automotive 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
- Identifying Appropriate Advertising Appeals
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?
Automotive bearings are used in vehicles to help keep the engine running smoothly. They are made of different materials, including steel, bronze, and ceramic. Automotive bearings can also be oiled or lubricated to help them function properly.
Some of the key players operating in the automotive bearing market are Timken, Svenska Kullagerfabriken, Schaeffler, RKB Bearings, RBC Bearings, ORS Bearings, NTN, NSK, Nachi Fujikoshi, Minebea, Jtekt, CW Bearing, C&U Bearing, Iljin Bearing, Wafangdian Bearing, SNL Bearings Ltd..
The automotive 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 Automotive 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 Automotive Bearing Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Automotive 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 Automotive 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 Automotive Bearing Market Size & Forecast, 2018-2028
4.5.1 Automotive Bearing Market Size and Y-o-Y Growth
4.5.2 Automotive Bearing Market Absolute $ Opportunity
Chapter 5 Global Automotive Bearing 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 Automotive Bearing Market Size Forecast by Type
5.2.1 Ball Bearing
5.2.2 Roller Bearing
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Automotive Bearing 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 Automotive Bearing Market Size Forecast by Applications
6.2.1 Passenger Car
6.2.2 LCV
6.2.3 HCV
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Automotive 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 Automotive 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 Automotive Bearing Analysis and Forecast
9.1 Introduction
9.2 North America Automotive Bearing 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 Automotive Bearing Market Size Forecast by Type
9.6.1 Ball Bearing
9.6.2 Roller Bearing
9.6.3 Others
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 Automotive Bearing Market Size Forecast by Applications
9.10.1 Passenger Car
9.10.2 LCV
9.10.3 HCV
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 Automotive Bearing Analysis and Forecast
10.1 Introduction
10.2 Europe Automotive Bearing 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 Automotive Bearing Market Size Forecast by Type
10.6.1 Ball Bearing
10.6.2 Roller Bearing
10.6.3 Others
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 Automotive Bearing Market Size Forecast by Applications
10.10.1 Passenger Car
10.10.2 LCV
10.10.3 HCV
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 Automotive Bearing Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Automotive Bearing 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 Automotive Bearing Market Size Forecast by Type
11.6.1 Ball Bearing
11.6.2 Roller Bearing
11.6.3 Others
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 Automotive Bearing Market Size Forecast by Applications
11.10.1 Passenger Car
11.10.2 LCV
11.10.3 HCV
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 Automotive Bearing Analysis and Forecast
12.1 Introduction
12.2 Latin America Automotive Bearing 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 Automotive Bearing Market Size Forecast by Type
12.6.1 Ball Bearing
12.6.2 Roller Bearing
12.6.3 Others
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 Automotive Bearing Market Size Forecast by Applications
12.10.1 Passenger Car
12.10.2 LCV
12.10.3 HCV
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) Automotive Bearing Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Automotive Bearing 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) Automotive Bearing Market Size Forecast by Type
13.6.1 Ball Bearing
13.6.2 Roller Bearing
13.6.3 Others
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) Automotive Bearing Market Size Forecast by Applications
13.10.1 Passenger Car
13.10.2 LCV
13.10.3 HCV
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 Automotive Bearing Market: Competitive Dashboard
14.2 Global Automotive Bearing Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Timken
14.3.2 Svenska Kullagerfabriken
14.3.3 Schaeffler
14.3.4 RKB Bearings
14.3.5 RBC Bearings
14.3.6 ORS Bearings
14.3.7 NTN
14.3.8 NSK
14.3.9 Nachi Fujikoshi
14.3.10 Minebea
14.3.11 Jtekt
14.3.12 CW Bearing
14.3.13 C&U Bearing
14.3.14 Iljin Bearing
14.3.15 Wafangdian Bearing
14.3.16 SNL Bearings Ltd.
