Market Overview:
The global wheel hub assembly 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% during the forecast period. The growth of the global wheel hub assembly market can be attributed to the increasing demand for passenger vehicles and commercial vehicles across the globe. Additionally, rising awareness about safety features in automobiles is also expected to fuel the growth of the global wheel hub assembly market over the forecast period. On basis of type, Gen 1 bearing segment is anticipated to account for a major share of revenue in 2018 and is projected register highest CAGR over next 10 years owing high adoption rate across all regions. Gen 2 bearing segment will follow closely with second highest CAGR due its advantages such as low noise emission levels and extended life cycle as compared with Gen 1 bearings.
Product Definition:
A wheel hub assembly is the component of a vehicle's wheel that attaches to the axle and allows the wheel to rotate. The assembly includes the hub, bearings, and a seal. Wheel hubs are important components because they allow wheels to rotate freely, which improves steering and braking.
Gen. 1 Bearing:
Gen. 1 bearing is a type of rolling element, which is generally used in the outer race of the hub assembly. It has a cylindrical surface with an axial center and two ends, which are journaled into the housing by means of thrust washers or races. The other end of this bearing can be either radially mounted (as in case of radial bearings) oraxially mounted (in case of axial bearings).
Gen. 2 Bearing:
Gen. 2 bearing is a type of rolling element, which is used in wheel hub assembly. It’s the second generation of ball bearings and are mostly used in vehicles that have rear or four-wheel drive. These bearings are specially designed to work efficiently in high load applications with minimal noise and maximum speed.
The gen 2 bearing has an improved design over the original one as it features wider cages that can hold more seals, along with being shorter.
Application Insights:
The passenger vehicle application segment accounted for the largest share of over 60.0% in 2017. The demand is expected to be driven by an increase in the sales of passenger vehicles, such as trucks, vans and cars among other vehicles, especially in developing countries like India and China. In addition, stringent government regulations regarding road safety are anticipated to boost product demand over the forecast period.
Commercial vehicle application segment is projected to witness significant growth at a CAGR of XX% from 2018 to 2030 owing to increasing utilization of commercial vehicles for transporting goods across various industries including mining & quarrying, food & beverage.
Regional Analysis:
Asia Pacific dominated the global market in terms of revenue with a share of over 40% in 2017. The region is expected to witness significant growth over the forecast period owing to increasing demand for commercial vehicles and passenger cars. This can be attributed to rising disposable income, changing lifestyle, and growing population along with rapid urbanization and industrialization.
The Asia Pacific regional market includes developing economies such as India, China, Indonesia among others which are witnessing strong economic growth due to various factors such as low manufacturing cost coupled with cheap labor availability thus making it an attractive place for manufacturers from developed countries including U.S., Germany etc.
Growth Factors:
- Increasing demand for automobiles
- Growing urbanization and industrialization
- Technological advancements in wheel hub assembly manufacturing process
- Rising disposable income of consumers in developing countries
- Stringent government regulations for vehicle safety
Scope Of The Report
Report Attributes
Report Details
Report Title
Wheel Hub Assembly Market Research Report
By Type
Gen. 1 Bearing, Gen. 2 Bearing, Gen. 3 Bearing, Other Bearing
By Application
Passenger Vehicle, Commercial Vehicle
By Companies
NSK, NTN, Schaeffler, SKF, ILJIN, JTEKT, Shuanglin NTP, Wanxiang, TIMKEN, GMB Corporation, Nachi-Fujikoshi, C&U, Harbin Bearing, Changjiang Bearing, GKN, FKG Bearing, Wafangdian Bearing, PFI, Xiangyang Auto Bearing, Changzhou Guangyang, Xiangyang Xinghuo, Shaoguan Southeast
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 Wheel Hub Assembly Market Report Segments:
The global Wheel Hub Assembly market is segmented on the basis of:
Types
Gen. 1 Bearing, Gen. 2 Bearing, Gen. 3 Bearing, Other 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:
- NSK
- NTN
- Schaeffler
- SKF
- ILJIN
- JTEKT
- Shuanglin NTP
- Wanxiang
- TIMKEN
- GMB Corporation
- Nachi-Fujikoshi
- C&U
- Harbin Bearing
- Changjiang Bearing
- GKN
- FKG Bearing
- Wafangdian Bearing
- PFI
- Xiangyang Auto Bearing
- Changzhou Guangyang
- Xiangyang Xinghuo
- Shaoguan Southeast
Highlights of The Wheel Hub Assembly 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
- Other 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 Wheel Hub Assembly 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.
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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?
Wheel hub assembly is the part of a wheel that attaches to the axle. It includes the hub, bearings, and wheel cover.
Some of the key players operating in the wheel hub assembly market are NSK, NTN, Schaeffler, SKF, ILJIN, JTEKT, Shuanglin NTP, Wanxiang, TIMKEN, GMB Corporation, Nachi-Fujikoshi, C&U, Harbin Bearing, Changjiang Bearing, GKN, FKG Bearing, Wafangdian Bearing, PFI, Xiangyang Auto Bearing, Changzhou Guangyang, Xiangyang Xinghuo, Shaoguan Southeast.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Wheel Hub Assembly 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. Wheel Hub Assembly Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Wheel Hub Assembly Market - Supply Chain
4.5. Global Wheel Hub Assembly Market Forecast
4.5.1. Wheel Hub Assembly Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Wheel Hub Assembly Market Size (000 Units) and Y-o-Y Growth
4.5.3. Wheel Hub Assembly Market Absolute $ Opportunity
5. Global Wheel Hub Assembly 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. Wheel Hub Assembly Market Size and Volume Forecast by Type
5.3.1. Gen. 1 Bearing
5.3.2. Gen. 2 Bearing
5.3.3. Gen. 3 Bearing
5.3.4. Other Bearing
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Wheel Hub Assembly 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. Wheel Hub Assembly 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 Wheel Hub Assembly 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. Wheel Hub Assembly 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 Wheel Hub Assembly 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. Wheel Hub Assembly 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 Wheel Hub Assembly Demand Share Forecast, 2019-2026
9. North America Wheel Hub Assembly 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 Wheel Hub Assembly 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 Wheel Hub Assembly 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 Wheel Hub Assembly Market Size and Volume Forecast by Type
9.7.1. Gen. 1 Bearing
9.7.2. Gen. 2 Bearing
9.7.3. Gen. 3 Bearing
9.7.4. Other Bearing
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 Wheel Hub Assembly Demand Share Forecast, 2019-2026
10. Latin America Wheel Hub Assembly 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 Wheel Hub Assembly 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 Wheel Hub Assembly 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 Wheel Hub Assembly Market Size and Volume Forecast by Type
10.7.1. Gen. 1 Bearing
10.7.2. Gen. 2 Bearing
10.7.3. Gen. 3 Bearing
10.7.4. Other Bearing
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 Wheel Hub Assembly Demand Share Forecast, 2019-2026
11. Europe Wheel Hub Assembly 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 Wheel Hub Assembly 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 Wheel Hub Assembly 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 Wheel Hub Assembly Market Size and Volume Forecast by Type
11.7.1. Gen. 1 Bearing
11.7.2. Gen. 2 Bearing
11.7.3. Gen. 3 Bearing
11.7.4. Other Bearing
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Gowth 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 Wheel Hub Assembly Demand Share, 2019-2026
12. Asia Pacific Wheel Hub Assembly 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 Wheel Hub Assembly 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 Wheel Hub Assembly 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 Wheel Hub Assembly Market Size and Volume Forecast by Type
12.7.1. Gen. 1 Bearing
12.7.2. Gen. 2 Bearing
12.7.3. Gen. 3 Bearing
12.7.4. Other Bearing
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 Wheel Hub Assembly Demand Share, 2019-2026
13. Middle East & Africa Wheel Hub Assembly 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 Wheel Hub Assembly 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 Wheel Hub Assembly 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 Wheel Hub Assembly Market Size and Volume Forecast by Type
13.7.1. Gen. 1 Bearing
13.7.2. Gen. 2 Bearing
13.7.3. Gen. 3 Bearing
13.7.4. Other Bearing
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 Wheel Hub Assembly Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Wheel Hub Assembly Market: Market Share Analysis
14.2. Wheel Hub Assembly Distributors and Customers
14.3. Wheel Hub Assembly 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. Schaeffler
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. SKF
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
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. Shuanglin NTP
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Wanxiang
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. TIMKEN
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. GMB Corporation
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Nachi-Fujikoshi
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. C&U
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Harbin Bearing
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Changjiang Bearing
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. GKN
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. FKG Bearing
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Wafangdian Bearing
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. PFI
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Xiangyang Auto Bearing
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. Changzhou Guangyang
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
