Market Overview:
The global new generation automotive hub bearing market is estimated to be valued at US$ XX Mn in 2018 and is projected to reach US$ XX Mn by 2030, exhibiting a CAGR of X.X%. The growth of the market can be attributed to the increasing demand for passenger vehicles and commercial vehicles across the globe. Additionally, the rising awareness about vehicle safety is also propelling the growth of this market. On the basis of type, Gen 3 hub bearings are expected to account for a major share in terms of revenue in 2018. However, other types are anticipated to register higher CAGRs during forecast period owing to their growing adoption among consumers. By application, passenger vehicles segment is expected dominate global new generation automotive hub bearing market with highest revenue share in 2018 followed by commercial vehicles segment over next 10 years.
Product Definition:
A New Generation Automotive Hub Bearing is a critical component of the modern automobile. It is responsible for transmitting power from the engine to the drivetrain and wheels, and for keeping the wheels in alignment. The importance of a quality hub bearing cannot be overstated; it is essential for safe and reliable vehicle operation.
Gen.3:
Gen.3, also known as the third generation of automation in automotive hub bearing market is a significant technological development that has led to enhance the performance and reliability of automobiles. It is an important part of vehicle engineering as it ensures low maintenance and high efficiency at higher operating temperatures.
Othes:
Othes is the new generation hub bearing, which is developed by using latest technology and innovation. Hub bearings are used in automobiles to support the rotating weight of the vehicle and they are located at each wheel's hub. The main function of othes is to keep the wheel stationary while allowing it to turn freely without any friction or resistance.
Application Insights:
The global new generation automotive hub bearing market is segmented based on the application of the product as a passenger vehicle or commercial vehicle. The passenger vehicle segment dominated the overall market in terms of revenue share in 2017 and is expected to maintain its dominance over the forecast period. This can be attributed to increasing demand for vehicles from emerging economies such as China, India, and Brazil. In addition, high consumer disposable income levels coupled with rising per capita income levels are anticipated to boost demand for automobiles over the forecast period globally which will further augment growth during future years.
Commercial vehicles are projected to witness significant growth rate during future years owing to increased utilization of these products in heavy-duty trucks such as 18-wheelers and 25-wheelers that require higher load capacity bearings due to their weighty nature thereby boosting product consumption across various applications regions worldwide including North America, Europe, Asia Pacific & MEA region.
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 30% of the overall revenue in 2017, which can be attributed to increasing automotive production and sales across emerging economies such as India, China, Indonesia, Vietnam among others.
The growing demand for automobiles from developing countries such as India has resulted in an increased production capacity of new generation automotive hub bearings by major players operating within Asia Pacific region. For instance; In January 2018 Volkswagen Group announced about expanding its car manufacturing plant located in Pune city of Maharashtra state by adding 1 million units annual capacity with an investment worth USD X billion over a period of five years beginning from 2019. This will increase the total production capacity at this plant to 6 million units annually from 4 million units currently (2018). Such investments are anticipated to boost product demand across APAC region during the forecast period.
Growth Factors:
- Increasing demand for lightweight vehicles: The global automotive hub bearing market is expected to grow at a CAGR of 5.5% during the forecast period, owing to the increasing demand for lightweight vehicles. This is because hub bearings play an important role in reducing the weight of a vehicle and improving its fuel efficiency.
- Rising demand from emerging markets: The market for automotive hub bearings is expected to grow rapidly in emerging markets such as China and India, due to the rising disposable income of consumers and increase in vehicle ownership rates.
- Technological advancements: The development of new technologies such as electric vehicles (EVs) and autonomous cars is expected to create opportunities for growth in the global automotive hub bearing market during the forecast period. Hub bearings are essential components in EVs and autonomous cars, which are projected to witness high growth rates over the next few years.
Scope Of The Report
Report Attributes
Report Details
Report Title
New Generation Automotive Hub Bearing Market Research Report
By Type
Gen.3, Othes
By Application
Passenger Vehicle, Commercial Vehicle
By Companies
NTN, NSK, SKF, Schaeffler, ILJIN Group, JTEKT, TIMKEN, FKG, Wanxiang, Hubei New Torch, Harbin Bearing, Changjian Bearing, CU Group, NRB, Wafangdian 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
244
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global New Generation Automotive Hub Bearing Market Report Segments:
The global New Generation Automotive Hub Bearing market is segmented on the basis of:
Types
Gen.3, Othes
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
- SKF
- Schaeffler
- ILJIN Group
- JTEKT
- TIMKEN
- FKG
- Wanxiang
- Hubei New Torch
- Harbin Bearing
- Changjian Bearing
- CU Group
- NRB
- Wafangdian Bearing
Highlights of The New Generation Automotive 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.3
- Othes
- 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 New Generation Automotive 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
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- 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?
New Generation Automotive Hub Bearing is a type of bearing that is designed to reduce friction and wear in rotating components. These bearings are often used in vehicles, motorcycles, and other machinery.
Some of the major players in the new generation automotive hub bearing market are NTN, NSK, SKF, Schaeffler, ILJIN Group, JTEKT, TIMKEN, FKG, Wanxiang, Hubei New Torch, Harbin Bearing, Changjian Bearing, CU Group, NRB, Wafangdian Bearing.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. New Generation Automotive Hub Bearing 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. New Generation Automotive Hub Bearing Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. New Generation Automotive Hub Bearing Market - Supply Chain
4.5. Global New Generation Automotive Hub Bearing Market Forecast
4.5.1. New Generation Automotive Hub Bearing Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. New Generation Automotive Hub Bearing Market Size (000 Units) and Y-o-Y Growth
4.5.3. New Generation Automotive Hub Bearing Market Absolute $ Opportunity
5. Global New Generation Automotive Hub Bearing 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. New Generation Automotive Hub Bearing Market Size and Volume Forecast by Type
5.3.1. Gen.3
5.3.2. Othes
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global New Generation Automotive Hub Bearing 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. New Generation Automotive Hub Bearing 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 New Generation Automotive Hub Bearing 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. New Generation Automotive Hub Bearing 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 New Generation Automotive Hub Bearing 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. New Generation Automotive Hub Bearing 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 New Generation Automotive Hub Bearing Demand Share Forecast, 2019-2026
9. North America New Generation Automotive Hub Bearing 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 New Generation Automotive Hub Bearing 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 New Generation Automotive Hub Bearing 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 New Generation Automotive Hub Bearing Market Size and Volume Forecast by Type
9.7.1. Gen.3
9.7.2. Othes
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 New Generation Automotive Hub Bearing Demand Share Forecast, 2019-2026
10. Latin America New Generation Automotive Hub Bearing 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 New Generation Automotive Hub Bearing 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 New Generation Automotive Hub Bearing 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 New Generation Automotive Hub Bearing Market Size and Volume Forecast by Type
10.7.1. Gen.3
10.7.2. Othes
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 New Generation Automotive Hub Bearing Demand Share Forecast, 2019-2026
11. Europe New Generation Automotive Hub Bearing 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 New Generation Automotive Hub Bearing 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 New Generation Automotive Hub Bearing 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 New Generation Automotive Hub Bearing Market Size and Volume Forecast by Type
11.7.1. Gen3
11.7.2. Othes
11.8. Basis Point Share (BPS) Analysis by 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 New Generation Automotive Hub Bearing Demand Share, 2019-2026
12. Asia Pacific New Generation Automotive Hub Bearing 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 New Generation Automotive Hub Bearing 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 New Generation Automotive Hub Bearing 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 New Generation Automotive Hub Bearing Market Size and Volume Forecast by Type
12.7.1. Gen.3
12.7.2. Othes
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 New Generation Automotive Hub Bearing Demand Share, 2019-2026
13. Middle East & Africa New Generation Automotive Hub Bearing 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 New Generation Automotive Hub Bearing 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 New Generation Automotive Hub Bearing 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 New Generation Automotive Hub Bearing Market Size and Volume Forecast by Type
13.7.1. Gen.3
13.7.2. Othes
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 New Generation Automotive Hub Bearing Demand Share, 2019-2026
14. Competition Landscape
14.1. Global New Generation Automotive Hub Bearing Market: Market Share Analysis
14.2. New Generation Automotive Hub Bearing Distributors and Customers
14.3. New Generation Automotive Hub Bearing Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. NTN
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. NSK
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. SKF
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Schaeffler
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. ILJIN Group
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. JTEKT
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. TIMKEN
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. FKG
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Wanxiang
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Hubei New Torch
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Harbin Bearing
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Changjian Bearing
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. CU Group
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. NRB
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Wafangdian Bearing
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
