Market Overview:
The global Hub Unit Bearings (HUB) 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 passenger vehicles and commercial vehicles across the globe. Additionally, factors such as rising disposable income, technological advancements, and growing urbanization are also contributing to the growth of this market. The Hub Unit Bearings (HUB) market is segmented on the basis of type into conventional type, HUB I, HUB II, and HUB III. The conventional type segment is expected to hold a major share of the global Hub Unit Bearings (HUB) market during the forecast period owing to its low cost and easy installation process.
 Industry Outlook.svg)
Product Definition:
A Hub Unit Bearing is a type of automotive bearing that connects the wheel to the axle. It is typically a large, heavy duty bearing that can handle the stress and torque of moving a large object like a car or truck.
Conventional Type:
Conventional type is the most widely used bearing in the global hub unit bearings market. It accounted for more than 50% of total revenue share in 2015 and is expected to witness significant growth over the forecast period owing to its low cost, wide application range and easy availability. The conventional type has a cylindrical inner race, which is filled with grease or oil; it has an external seal that prevents water or other contaminants from getting into the mechanism.
HUB I:
The hub unit bearings are the internal and external rolling elements that are mounted on the axle of vehicles. They help in maintaining stability of vehicle when driven at high speeds. Hub bearings also aid in reducing friction, which further helps to increase vehicle performance by reducing energy consumption due to resistance.
Application Insights:
The passenger vehicle application segment held the largest share of over 60.0% in 2017. The growth is attributed to increasing demand for passenger vehicles from developing countries such as China, India and Brazil. In addition, technological advancements and manufacturing processes have improved the quality of HUBs which has increased their penetration rate in various automotive components including steering wheels and hubs.
Commercial Vehicle application segment is expected to witness significant growth over the forecast period owing to rising demand for trucks, buses and coaches from developing countries such as Vietnam, Indonesia, Malaysia and Thailand among others due to increasing disposable income levels coupled with rapid urbanization trends across these regions.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The growth can be attributed to increasing industrialization and rising investments in infrastructure development. In addition, rapid expansion of manufacturing facilities by various companies in this region is anticipated to drive demand for hub units bearings over the forecast period.
The Asia Pacific dominated global hub unit bearings market with a share of more than 60% in 2017 owing to high production volume and exports from Japan, South Korea, China, India among other countries. North America was estimated as the second-largest regional market followed by Europe due mainly to growing automotive industry coupled with increased spending on infrastructure development especially railways across these regions which are likely increase requirement for HUBs products over next eight years (2018 - 2030).
Growth Factors:
- Increasing demand from the automotive and industrial sectors
- Growing urbanization and industrialization in developing countries
- Rising disposable income of consumers in developing countries
- Technological advancements in bearing manufacturing processes
- Expansion of global trading partnerships
Scope Of The Report
Report Attributes
Report Details
Report Title
Hub Unit Bearings (HUB) Market Research Report
By Type
Conventional Type, HUB I, HUB II, HUB III
By Application
Passenger Vehicle, Commercial Vehicle
By Companies
NSK, NTN, C&U, EBI Bearings, BCA Bearings, Square Parts, IMB Bearing, IVECO, Supra, Tata Bearings, SCANIA, Hangzhou Motion Auto Parts
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
239
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Hub Unit Bearings (HUB) Market Report Segments:
The global Hub Unit Bearings (HUB) market is segmented on the basis of:
Types
Conventional Type, HUB I, HUB II, HUB III
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:
- NSK
- NTN
- C&U
- EBI Bearings
- BCA Bearings
- Square Parts
- IMB Bearing
- IVECO
- Supra
- Tata Bearings
- SCANIA
- Hangzhou Motion Auto Parts
 Market Overview.svg)
Highlights of The Hub Unit Bearings (HUB) 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:
- Conventional Type
- HUB I
- HUB II
- HUB III
- 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 Hub Unit Bearings (HUB) 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
 Market Statistics.svg)
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?
Hub unit bearings are a type of bearing that is used in many different types of machinery. Hub unit bearings are often used in machines that move large objects, such as trucks and construction equipment. Hub unit bearings allow the machine to move smoothly and without any noise.
Some of the major players in the hub unit bearings (hub) market are NSK, NTN, C&U, EBI Bearings, BCA Bearings, Square Parts, IMB Bearing, IVECO, Supra, Tata Bearings, SCANIA, Hangzhou Motion Auto Parts.
The hub unit bearings (hub) market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Hub Unit Bearings (HUB) Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Hub Unit Bearings (HUB) Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Hub Unit Bearings (HUB) Market - Supply Chain
4.5. Global Hub Unit Bearings (HUB) Market Forecast
4.5.1. Hub Unit Bearings (HUB) Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Hub Unit Bearings (HUB) Market Size (000 Units) and Y-o-Y Growth
4.5.3. Hub Unit Bearings (HUB) Market Absolute $ Opportunity
5. Global Hub Unit Bearings (HUB) Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Hub Unit Bearings (HUB) Market Size and Volume Forecast by Type
5.3.1. Conventional Type
5.3.2. HUB I
5.3.3. HUB II
5.3.4. HUB III
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Hub Unit Bearings (HUB) Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Hub Unit Bearings (HUB) Market Size and Volume Forecast by Application
6.3.1. Passenger Vehicle
6.3.2. Commercial Vehicle
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Hub Unit Bearings (HUB) Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Hub Unit Bearings (HUB) Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Hub Unit Bearings (HUB) Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Hub Unit Bearings (HUB) Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Hub Unit Bearings (HUB) Demand Share Forecast, 2019-2026
9. North America Hub Unit Bearings (HUB) Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Hub Unit Bearings (HUB) Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Hub Unit Bearings (HUB) Market Size and Volume Forecast by Application
9.4.1. Passenger Vehicle
9.4.2. Commercial Vehicle
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Hub Unit Bearings (HUB) Market Size and Volume Forecast by Type
9.7.1. Conventional Type
9.7.2. HUB I
9.7.3. HUB II
9.7.4. HUB III
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Hub Unit Bearings (HUB) Demand Share Forecast, 2019-2026
10. Latin America Hub Unit Bearings (HUB) Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Hub Unit Bearings (HUB) Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Hub Unit Bearings (HUB) Market Size and Volume Forecast by Application
10.4.1. Passenger Vehicle
10.4.2. Commercial Vehicle
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Hub Unit Bearings (HUB) Market Size and Volume Forecast by Type
10.7.1. Conventional Type
10.7.2. HUB I
10.7.3. HUB II
10.7.4. HUB III
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Hub Unit Bearings (HUB) Demand Share Forecast, 2019-2026
11. Europe Hub Unit Bearings (HUB) Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Hub Unit Bearings (HUB) Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Hub Unit Bearings (HUB) Market Size and Volume Forecast by Application
11.4.1. Passenger Vehicle
11.4.2. Commercial Vehicle
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Hub Unit Bearings (HUB) Market Size and Volume Forecast by Type
11.7.1. Conventional Type
11.7.2. HUB I
11.7.3. HUB II
11.7.4. HUB III
11.8. Basis Point Share (BPS) Analysis b Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Hub Unit Bearings (HUB) Demand Share, 2019-2026
12. Asia Pacific Hub Unit Bearings (HUB) Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Hub Unit Bearings (HUB) Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Hub Unit Bearings (HUB) Market Size and Volume Forecast by Application
12.4.1. Passenger Vehicle
12.4.2. Commercial Vehicle
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Hub Unit Bearings (HUB) Market Size and Volume Forecast by Type
12.7.1. Conventional Type
12.7.2. HUB I
12.7.3. HUB II
12.7.4. HUB III
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Hub Unit Bearings (HUB) Demand Share, 2019-2026
13. Middle East & Africa Hub Unit Bearings (HUB) Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Hub Unit Bearings (HUB) Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Hub Unit Bearings (HUB) Market Size and Volume Forecast by Application
13.4.1. Passenger Vehicle
13.4.2. Commercial Vehicle
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Hub Unit Bearings (HUB) Market Size and Volume Forecast by Type
13.7.1. Conventional Type
13.7.2. HUB I
13.7.3. HUB II
13.7.4. HUB III
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Hub Unit Bearings (HUB) Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Hub Unit Bearings (HUB) Market: Market Share Analysis
14.2. Hub Unit Bearings (HUB) Distributors and Customers
14.3. Hub Unit Bearings (HUB) Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. NSK
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. NTN
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. C&U
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. EBI Bearings
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. BCA Bearings
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Square Parts
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. IMB Bearing
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. IVECO
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Supra
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Tata Bearings
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. SCANIA
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Hangzhou Motion Auto Parts
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
