Global Automotive Bearing
Market Report
2024
Automotive Bearing Market size is USD 14.5 Billion in 2024 and will expand at a compound annual growth rate (CAGR) of 4.20% from 2024 to 2031.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, the global automotive bearing market size will be USD 14.5 billion in 2024. It will spread at a compound annual growth rate (CAGR) of 4.2% from 2024 to 2031.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Automotive Bearing Market Sales Revenue 2024 | $ 14.5 Billion |
Global Automotive Bearing Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 4.2% |
Market Split by Type |
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Market Split by Application |
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Market Split by Vehicle |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Report scope is customizable as we have a huge database of Automotive Bearing industry. We can deliver an exclusive report Edition/Consultation as per your data requirements. Request for your Free Sample Pages.
Automotive Bearing Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Automotive bearings are components used in vehicles to facilitate smooth movement between rotating or moving parts. They reduce friction and enable efficient operation of wheels, axles, and other mechanical systems. These types include ball bearings and roller bearings, which are crucial for ensuring performance, durability, and safety in automotive applications. One of the key drivers bolstering the growth of the automotive bearing market is the rising demand in the automotive industry. The increase in vehicle production creates a rise in the need for reliable and efficient bearings to ensure optimal performance and durability of automotive components. Moreover, advancements in automotive technology and the trend toward lightweight vehicles to improve fuel efficiency necessitate innovative bearing solutions. These factors contribute to the demand for automotive bearings in the industry.
New Technological Advancements — One key driver in the automotive bearing market is new technological advancements. Innovations such as ceramic bearings offering lower friction and smart bearings embedded with sensors are enhancing and improving vehicle reliability. Additionally, advancements in bearing materials and manufacturing techniques are enabling bearings to withstand higher speeds, temperatures, and loads, thus meeting the evolving demands of modern automotive applications. Increase in vehicle sales and production.
The high cost of manufacturing serves as a significant restraint in the automotive bearing market. Fluctuations in raw material prices constrain the market growth.
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January 2023: TIMKEN propounded that its packaged wheel bearings are being provided to the Ford Motor Company's F-150 Lightning, an electric light-duty pickup truck.
Top Companies Market Share in Automotive Bearing Industry: (In no particular order of Rank)
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Global Automotive Bearing Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Automotive Bearing Industry growth. Automotive Bearing market has been segmented with the help of its Type, Application Vehicle, and others. Automotive Bearing market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
According to Cognitive Market Research, the ball segment is the dominating category in automotive bearings. These crucial components are designed to facilitate smooth motion and reduce friction between moving parts. They are widely used in automotive applications such as wheel hubs, transmissions, engines, and steering systems due to their compact design, high load capacity, and ability to operate at high speeds with low friction, enhancing vehicle performance and efficiency.
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Automotive Bearing Industry. Request a Free Sample PDF!
This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends and opportunities for each application of Automotive Bearing from 2019 to 2031. This will also help to analyze the demand for Automotive Bearing across different end-use industries. Our research team will also help acquire additional data such as Value Chain, Patent analysis, Company Evaluation Quadrant (Matrix), and much more confidential analysis and data insights.
Some of the key Application of Automotive Bearing are:
The above Graph is for representation purposes only. This chart does not depict actual Market share. Please purchase the Automotive Bearing market report 2024 Edition by contacting our team.
According to Cognitive Market Research, North America dominated the market in 2024 and accounted for around 40% of the global revenue. North America emerges as the dominant region in the automotive bearing market due to the robust automotive industry, coupled with increasing vehicle production and sales, technological advancements such as lightweight and durable bearing materials, growing consumer preference for electric and hybrid vehicles, and stringent regulations on emissions and fuel efficiency promote the adoption of advanced bearing technologies. These factors collectively stimulate the expansion of the automotive bearing market in North America.
Asia-Pacific stands out as the fastest-growing region in the automotive bearing market due to the expanding automotive industry, fueled by rising vehicle production and sales, technological advancements in bearing materials and designs, and stringent regulations focusing on fuel efficiency and emission reduction. These factors contribute to the market's growth in the region?.
The current report Scope analyzes Automotive Bearing Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only. To learn more about geographical trends request the free sample pages. Contact US!
Senior Research Analyst at Cognitive Market Research
An optimistic Senior Research Analyst with years of experience in competitive assessment and business consulting. A seasoned professional and subject-matter expert (SME) in the Automobile & Transportation vertical.
With a work experience of over 10+ years in the market research and strategy development. I have worked with diverse industries, including FMCG, IT, Telecom, Automotive, Electronics and many others. I also work closely with other departments such as sales, product development, and marketing to understand customer needs and preferences, and develop strategies to meet those needs.
I am committed to staying ahead in the rapidly evolving field of research and analysis. This involves regularly attending conferences, participating in webinars, and pursuing additional certifications to enhance my skill set. I played a crucial role in conducting market research and competitive analysis. I have a proven track record of distilling complex datasets into clear, concise reports that have guided key business initiatives. Collaborating closely with multidisciplinary teams, I contributed to the development of innovative solutions grounded in thorough research and analysis.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Automotive Bearing Market is witnessing significant growth in the near future.
In 2023, the Ball segment accounted for noticeable share of global Automotive Bearing Market and is projected to experience significant growth in the near future.
The Powertrain segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies JTEKT Corporation (Japan) , Schaeffler AG (Germany) and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Table of Content differs accordign to the user License selction. Current Displayed TOC is for the Corporate User License Report Edition. TOC Customization options: Add or Remove section's Or chapter's from the report. Specific section's of report can be ordered at a discounted price. If applicable; On Request Volume Data will also be provided (at an Additional Cost).
Type | Ball, Roller, Others |
Application | Powertrain, Chassis, Others |
Vehicle | Passenger Vehicle, Light Commercial Vehicle, Heavy Commercial Vehicle |
List of Competitors | JTEKT Corporation (Japan), SKF (Sweden), Schaeffler AG (Germany), NSK Ltd (Japan), NTN Corporation (Japan), TIMKEN (U.S.), Nippon Thompson (Japan), RBC Incorporation (U.S.), Iljin Co., Ltd. (South Korea), CW Bearing (Germany) |
This chapter will help you gain GLOBAL Market Analysis of Automotive Bearing. Further deep in this chapter, you will be able to review Global Automotive Bearing Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
Chapter 2 North America Market Analysis
Executive Summary North America Market (2019 vs 2024 vs 2031)
Purchase Add-Ons to Customize the Report Edition and get further granular data level data about the North America market. Add-On Cost: Request before placing the order, Respective Pricing will be informed after sending the inquiry
Qualitative Analysis for the North America Market: North America Automotive Bearing Market Trends North America Automotive Bearing Technological Road Map North America Automotive Bearing Market Drivers North America Automotive Bearing Market Restraints North America Automotive Bearing Market Opportunity Market Attractiveness Analysis COVID – 19 Impact Analysis PESTEL Analysis Porter’s Five Forces Analysis Product Life Cycle Industrial Chain Analysis
Chapter 3 Europe Market Analysis
Chapter 4 Asia-Pacific Market Analysis
Chapter 5 South America Market Analysis
Chapter 6 Middle East and Africa Market Analysis
Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Type Analysis 2019 -2031, will provide market size split by Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Type Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by Application Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 12 Market Split by Vehicle Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Automotive Bearing market
Chapter 13 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Ball have a significant impact on Automotive Bearing market? |
What are the key factors affecting the Ball and Roller of Automotive Bearing Market? |
What is the CAGR/Growth Rate of Powertrain during the forecast period? |
By type, which segment accounted for largest share of the global Automotive Bearing Market? |
Which region is expected to dominate the global Automotive Bearing Market within the forecast period? |
Segmentation Level Customization |
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Global level Data Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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Report Format Alteration |
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