Market Overview:
The global car hub 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 vehicles and commercial vehicles across the globe. Additionally, the growing automotive industry is also fueling the growth of this market. The global car hub bearing market can be segmented on the basis of type, application, and region. On the basis of type, it can be divided into general 1 bearings, general 2 bearings, and general 3 bearings. General 1 bearings are most commonly used in passenger cars while general 3 bearings are used in heavy-duty trucks and buses. By application, it can be classified into passenger vehicles and commercial vehicles segments respectively.
Product Definition:
A car hub bearing is a type of wheel bearing that helps the wheels rotate. It is located in the center of the wheel and sits between the brake disc and axle. The purpose of a car hub bearing is to support the weight of the vehicle, allow for rotation, and keep water and dirt out.
Gen. 1 Bearing:
Gen. 1 bearing, sometimes called as ceramic or silicon ball bearings is a type of rolling element used in bearings with relatively low loadings and limited requirements for maintenance. They are manufactured using either ceramics or silicon and are designed to work effectively under conditions of high speed, minimal lubrication, and extreme temperature variations.
Gen. 2 Bearing:
Gen. 2 bearing is a type of rolling element, which is used in the car hub bearing market. It has two metal balls, which are pressed together by a race and held in place by an inner ring. The outer ring rides on the raceway and rolls between the two metal balls to move them forward or backward along their axis.
Application Insights:
Passenger vehicle application segment accounted for the largest share of more than 60.0% in 2017. Rising demand for passenger vehicles is expected to be a key factor driving the global car hub bearing market over the forecast period. Increasing purchasing power and luxury lifestyle among consumers are anticipated to further propel demand in passenger vehicles, thereby propelling market growth over the coming years.
Commercial vehicle application segment is projected to witness significant growth during the forecast period owing to rising use of commercial vehicles such as trucks, tractors and buses in various industries including mining, construction and transportation & logistics across all regions globally. The growing need for replacement bearings due to high usage rates coupled with extensive distribution networks across major economies worldwide will further fuel product demand during estimated timeframes.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has been witnessing strong economic growth on account of increasing foreign investments coupled with rising disposable income of consumers, especially in China and India. Growing automotive production across key countries such as Japan, South Korea, India, Thailand and Indonesia is also anticipated to drive the hub bearing demand over the next eight years.
The growing manufacturing sector along with increasing automobile sales has led to an increase in traffic congestion problems across major cities of Asia Pacific which are expected to boost demand for efficient vehicles that do not consume excessive fuel. This will result in increased sales of hybrid vehicles that use bearings as a part-load compensating or secondary transmission component which will further propel hub bearing consumption over the coming years.
Europe was estimated at USD X billion in 2017 owing to high automotive production volumes attained by Germany (vehicle unit value), France (engine unit value) and Italy (transmission unit value).
Growth Factors:
- Increasing demand for automobiles
- Growing automotive industry
- Rising disposable income of consumers
- Technological advancements in the automotive sector
- Growing awareness about the benefits of car hub bearings
Scope Of The Report
Report Attributes
Report Details
Report Title
Car Hub Bearing Market Research Report
By Type
Gen. 1 Bearing, Gen. 2 Bearing, Gen. 3 Bearing
By Application
Passenger Vehicle, Commercial Vehicle
By Companies
NTN, NSK, Schaeffler, SKF, ILJIN, Wanxiang, JTEKT, Shuanglin NTP, TIMKEN, ZheJiang ZhaoFeng, NTN, C&U, Changjiang Bearing, Harbin Bearing, Wafangdian Bearing, Radical, Nachi-Fujikoshi, FKG Bearing, Changzhou Guangyang, Xiangyang Auto Bearing
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
138
Number of Tables & Figures
97
Customization Available
Yes, the report can be customized as per your need.
Global Car Hub Bearing Market Report Segments:
The global Car Hub Bearing market is segmented on the basis of:
Types
Gen. 1 Bearing, Gen. 2 Bearing, Gen. 3 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
Passenger Vehicle, Commercial Vehicle
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:
- NTN
- NSK
- Schaeffler
- SKF
- ILJIN
- Wanxiang
- JTEKT
- Shuanglin NTP
- TIMKEN
- ZheJiang ZhaoFeng
- NTN
- C&U
- Changjiang Bearing
- Harbin Bearing
- Wafangdian Bearing
- Radical
- Nachi-Fujikoshi
- FKG Bearing
- Changzhou Guangyang
- Xiangyang Auto Bearing
Highlights of The Car 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:
- Gen. 1 Bearing
- Gen. 2 Bearing
- Gen. 3 Bearing
- By Application:
- Passenger Vehicle
- Commercial Vehicle
- 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 Car 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
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- Product & Brand 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?
A car hub bearing is a type of bearing that is used in automobiles. It is a cylindrical or spherical component that sits inside the wheel hub, and it helps to support the weight of the car. Car hubs are often made from metal, and they can also be made from plastic.
Some of the key players operating in the car hub bearing market are NTN, NSK, Schaeffler, SKF, ILJIN, Wanxiang, JTEKT, Shuanglin NTP, TIMKEN, ZheJiang ZhaoFeng, NTN, C&U, Changjiang Bearing, Harbin Bearing, Wafangdian Bearing, Radical, Nachi-Fujikoshi, FKG Bearing, Changzhou Guangyang, Xiangyang Auto Bearing.
The car hub bearing market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Car 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 Car Hub Bearing Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Car 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 Car 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 Car Hub Bearing Market Size & Forecast, 2018-2028
4.5.1 Car Hub Bearing Market Size and Y-o-Y Growth
4.5.2 Car Hub Bearing Market Absolute $ Opportunity
Chapter 5 Global Car Hub 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 Car Hub Bearing Market Size Forecast by Type
5.2.1 Gen. 1 Bearing
5.2.2 Gen. 2 Bearing
5.2.3 Gen. 3 Bearing
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Car Hub 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 Car Hub Bearing Market Size Forecast by Applications
6.2.1 Passenger Vehicle
6.2.2 Commercial Vehicle
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Car 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 Car 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 Car Hub Bearing Analysis and Forecast
9.1 Introduction
9.2 North America Car Hub 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 Car Hub Bearing Market Size Forecast by Type
9.6.1 Gen. 1 Bearing
9.6.2 Gen. 2 Bearing
9.6.3 Gen. 3 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 Car Hub Bearing Market Size Forecast by Applications
9.10.1 Passenger Vehicle
9.10.2 Commercial Vehicle
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 Car Hub Bearing Analysis and Forecast
10.1 Introduction
10.2 Europe Car Hub 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 Car Hub Bearing Market Size Forecast by Type
10.6.1 Gen. 1 Bearing
10.6.2 Gen. 2 Bearing
10.6.3 Gen. 3 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 Car Hub Bearing Market Size Forecast by Applications
10.10.1 Passenger Vehicle
10.10.2 Commercial Vehicle
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 Car Hub Bearing Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Car Hub 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 Car Hub Bearing Market Size Forecast by Type
11.6.1 Gen. 1 Bearing
11.6.2 Gen. 2 Bearing
11.6.3 Gen. 3 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 Car Hub Bearing Market Size Forecast by Applications
11.10.1 Passenger Vehicle
11.10.2 Commercial Vehicle
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 Car Hub Bearing Analysis and Forecast
12.1 Introduction
12.2 Latin America Car Hub 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 Car Hub Bearing Market Size Forecast by Type
12.6.1 Gen. 1 Bearing
12.6.2 Gen. 2 Bearing
12.6.3 Gen. 3 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 Car Hub Bearing Market Size Forecast by Applications
12.10.1 Passenger Vehicle
12.10.2 Commercial Vehicle
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) Car Hub Bearing Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Car Hub 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) Car Hub Bearing Market Size Forecast by Type
13.6.1 Gen. 1 Bearing
13.6.2 Gen. 2 Bearing
13.6.3 Gen. 3 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) Car Hub Bearing Market Size Forecast by Applications
13.10.1 Passenger Vehicle
13.10.2 Commercial Vehicle
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 Car Hub Bearing Market: Competitive Dashboard
14.2 Global Car Hub Bearing Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 NTN
14.3.2 NSK
14.3.3 Schaeffler
14.3.4 SKF
14.3.5 ILJIN
14.3.6 Wanxiang
14.3.7 JTEKT
14.3.8 Shuanglin NTP
14.3.9 TIMKEN
14.3.10 ZheJiang ZhaoFeng
14.3.11 NTN
14.3.12 C&U
14.3.13 Changjiang Bearing
14.3.14 Harbin Bearing
14.3.15 Wafangdian Bearing
14.3.16 Radical
14.3.17 Nachi-Fujikoshi
14.3.18 FKG Bearing
14.3.19 Changzhou Guangyang
14.3.20 Xiangyang Auto Bearing
