Global Automotive Bearing Market- Industry Analysis and forecast 2027: By Vehicle Type, Bearing Type and Region.


Global Automotive Bearing Market is expected to grow at a CAGR of 4% throughout the forecast period, to reach US$ 27 Bn by 2026.

Global Automotive Bearing Market

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Global Automotive Bearing Market Overview:

The global market for automotive bearings is expected to raise at a promising rate of about 4.87% due to the growing production of vehicles through the globe. The preference towards technically advanced solution in vehicles market is motivating the demand for the bearings market.

The Booming automotive industry worldwide, it has been witnessed that growing average vehicular age will highly fuel the demand for revamping, maintenance, & replacement of automotive components in turn raising the sales of automotive bearings. Rising & falling fleet is swiftly putting forth the aftermarket demand for automotive bearings, which is recognized to be another important driver to market development.

Despite the total decline in the number of bearings in the new electric vehicles, product innovations are anticipated to endure generating demand for bearings during the forecast period. Moreover, the market is presently facing polarization towards the most leading companies in the competitive landscape, which is also expected to increase the market growth over the forecast period.
China Set to Outpace the European Market:

As per the geographical analysis in the MMR report on the automotive bearing market, Europe is presently the global leader, followed by China. Europe, the largest geographical segment with approximately 23.83 percent share by value, is expected to face a slight drop by 2027 end, losing its market share to China.

China, which is presently the 2nd largest market in terms of value, is expected to witness strong development during the forecast period, gaining a major market value share to become the leading regional market for automotive bearing by 2027 end. China is also recognized to be the fastest rising market at a projected CAGR of 5.35 percent over 2019-2027, capturing a value share of over 24 percent. Led by the United States, North America currently holds more than 18.64 percent share of the global market revenue & will reportedly see steady growth through the forecast period, keeping a market value share of around 19 percent by 2027 end. United States accounts for more than 82 percent share of North America's total revenues, attributed to continued demand for applications in automotive transmission system.

Europe & North America are expected to witness moderate growth at CAGRs of above 4.45 percent. While Brazil is expected to create a significantly important market in Latin America, the complete SEAP region is supposed to be the most adaptable market for automotive bearings during the forecast period, in terms of demand. South East Asia & Pacific is slated for encouraging growth during the forecast period at a CAGR of 4.8 percent & market value share of above 15 percent. Development of SEAP is attributed to the possibility of multiple attractive prospects which the region is likely to present to established as well as developing players in coming years. The global market for automotive bearings unusually has occurrence of a limited number of significant industry players based in Europe & Japan.

Global Automotive Bearing Market Improved Investments in R&D:

Growing average lifespan of vehicles is anticipated to increase substantial demand for vehicular component repairing, replacement, & maintenance, eventually pushing the bearing market up during the forecast period. Rapidly increasing fleet is generating decent aftermarket demand for automotive bearings, which is additional key factor responsible for market development. Companies are increasingly investing in the growth of production capacity of automotive bearings; also, a majority companies are focusing more on Research &Development in order to bring in innovation to the marketplace.

Technical Advances Composed to Bring in Innovation:

With arrival of technology including IoT & emergence of cyber-physical systems, companies are inclining more towards sensitized automotive components & mechatronic products, which enable digital service incorporation. This strategy is expected to help them make for the future manufacturing, i.e. Industry 4.0. MMR identifies this as an important development in shaping the future of automotive bearings market. The global market for automotive bearings is presently trending with the rising use of ceramic ball bearings in a bid to open up new doors to some innovative application areas, like in electric vehicles. The market for automotive bearings is witnessed to be polarized towards a limited number of establishments operating globally, which is expected to fuel the market growth during the forecast period.

The report covers Passenger Car, Light Commercial Vehicle, and Heavy Commercial Vehicle type with detailed analysis Global Automotive Bearing Market industry with the classifications of the market on the Vehicle Type, Bearing type, & region. Analysis of past market dynamics from 2016 to 2019 is given in the report, which will help readers to benchmark the past trends with current market scenarios with the key players' contribution in it. The report has profiled twelve key players in the market from different regions. However, the report has considered all market leaders, followers, and new entrants with investors while analyzing the market and estimation the size of the same. The manufacturing environment in each region is different and focus is given on the regional impact on the cost of manufacturing, supply chain, availability of raw materials, labor cost, availability of advanced technology, trusted vendors are analyzed and the report has come up with recommendations for a future hot spot in five regions. The major country’s policies about manufacturing & Covid 19 impact on demand side are covered in the report.

Scope of the Global Automotive Bearing Market: Inquire before buying

Global Automotive Bearing Market1

Global Automotive Bearing Market, By Region

• North America:
o US
o Canada
• Europe
o UK
o Germany
o France
o Spain
o Italy
o Sweden
o CIS countries
o Rest of Europe
• APAC
o China
o India
o South Korea
o Japan
o Australia
o Rest of APAC
o ASEAN
 Indonesia
 Malaysia
 Singapore
 Thailand
 Vietnam
• Middle East & Africa
o GCC Countries
o South Africa
o Rest of MEA
• Latin America
o Mexico
o Brazil
o Rest of Latin America

Global Automotive Bearing Market Key Players

• chaeffler AG
• SvenskaKullagerfabriken AB
• NTN Corporation
• Jtekt Corporation
• Iljin Bearing Co., Ltd.
• Timken Company
• MinebeaMitsumi Inc
• RKB Bearings.
• THB Bearings
• SKF
• Koyo. 




Global Automotive Bearing Market

1. Preface
1.1. Report Scope and Market Segmentation
1.2. Research Highlights
1.3. Research Objectives

2. Assumptions and Research Methodology
2.1. Report Assumptions
2.2. Abbreviations
2.3. Research Methodology
2.3.1. Secondary Research
2.3.1.1. Secondary data
2.3.1.2. Secondary Sources
2.3.2. Primary Research
2.3.2.1. Data from Primary Sources
2.3.2.2. Breakdown of Primary Sources

3. Executive Summary: Global Automotive Bearing Market Size, by Market Value (US$ Mn)

4. Market Overview
4.1. Introduction
4.2. Market Indicator
4.2.1. Drivers
4.2.2. Restraints
4.2.3. Opportunities
4.2.4. Challenges
4.3. Porter’s Analysis
4.4. Value Chain Analysis
4.5. Market Risk Analysis
4.6. SWOT Analysis
4.7. Industry Trends and Emerging Technologies

5. Supply Side and Demand Side Indicators

6. Global Automotive Bearing Market Analysis and Forecast
6.1. Global Automotive Bearing Market Size & Y-o-Y Growth Analysis
6.1.1. North America
6.1.2. Europe
6.1.3. Asia Pacific
6.1.4. Middle East & Africa
6.1.5. South America

7. Global Automotive Bearing Market Analysis and Forecast, by Vehicle Type
7.1. Introduction and Definition
7.2. Key Findings
7.3. Global Automotive Bearing Market Value Share Analysis, by Vehicle Type
7.4. Global Automotive Bearing Market Size (US$ Mn) Forecast, by Vehicle Type
7.5. Global Automotive Bearing Market Analysis, by Vehicle Type
7.6. Global Automotive Bearing Market Attractiveness Analysis, by Vehicle Type

8. Global Automotive Bearing Market Analysis and Forecast, by Bearing Types
8.1. Introduction and Definition
8.2. Key Findings
8.3. Global Automotive Bearing Market Value Share Analysis, by Bearing Types
8.4. Global Automotive Bearing Market Size (US$ Mn) Forecast, by Bearing Types
8.5. Global Automotive Bearing Market Analysis, by Bearing Types
8.6. Global Automotive Bearing Market Attractiveness Analysis, by Bearing Types

9. Global Automotive Bearing Market Analysis, by Region
9.1. Global Automotive Bearing Market Value Share Analysis, by Region
9.2. Global Automotive Bearing Market Size (US$ Mn) Forecast, by Region
9.3. Global Automotive Bearing Market Attractiveness Analysis, by Region

10. North America Automotive Bearing Market Analysis
10.1. Key Findings
10.2. North America Automotive Bearing Market Overview
10.3. North America Automotive Bearing Market Value Share Analysis, by Vehicle Type
10.4. North America Automotive Bearing Market Forecast, by Vehicle Type
10.4.1. Passenger Car
10.4.2. Light Commercial Vehicle
10.4.3. Heavy Commercial Vehicle
10.5. North America Automotive Bearing Market Forecast, by Bearing Types
10.5.1. Ball Bearings
10.5.2. Roller Bearing
10.5.3. Others
10.6. North America Automotive Bearing Market Value Share Analysis, by Country
10.7. North America Automotive Bearing Market Forecast, by Country
10.7.1. U.S.
10.7.2. Canada
10.8. North America Automotive Bearing Market Analysis, by Country
10.9. US Automotive Bearing Market Forecast, by Vehicle Type
10.9.1. Passenger Car
10.9.2. Light Commercial Vehicle
10.9.3. Heavy Commercial Vehicle
10.10. US Automotive Bearing Market Forecast, by Bearing Types
10.10.1. Ball Bearings
10.10.2. Roller Bearing
10.10.3. Others
10.11. Canada Automotive Bearing Market Forecast, by Vehicle Type
10.11.1. Passenger Car
10.11.2. Light Commercial Vehicle
10.11.3. Heavy Commercial Vehicle
10.12. Canada Automotive Bearing Market Forecast, by Bearing Types
10.12.1. Ball Bearings
10.12.2. Roller Bearing
10.12.3. Others
10.13. PEST Analysis
10.14. Key Trends
10.15. Key Developments

11. Europe Automotive Bearing Market Analysis
11.1. Key Findings
11.2. Europe Automotive Bearing Market Overview
11.3. Europe Automotive Bearing Market Forecast, by Vehicle Type
11.3.1. Passenger Car
11.3.2. Light Commercial Vehicle
11.3.3. Heavy Commercial Vehicle
11.4. Europe Automotive Bearing Market Forecast, by Bearing Types
11.4.1. Ball Bearings
11.4.2. Roller Bearing
11.4.3. Others
11.5. Europe Automotive Bearing Market Value Share Analysis, by Country
11.6. Europe Automotive Bearing Market Forecast, by Country
11.6.1. Germany
11.6.2. U.K.
11.6.3. France
11.6.4. Italy
11.6.5. Spain
11.6.6. Rest of Europe
11.7. Europe Automotive Bearing Market Analysis, by Country
11.8. UK Automotive Bearing Market Forecast, by Vehicle Type
11.8.1. Passenger Car
11.8.2. Light Commercial Vehicle
11.8.3. Heavy Commercial Vehicle
11.9. UK Automotive Bearing Market Forecast, by Bearing Types
11.9.1. Ball Bearings
11.9.2. Roller Bearing
11.9.3. Others
11.10. France Automotive Bearing Market Forecast, by Vehicle Type
11.10.1. Passenger Car
11.10.2. Light Commercial Vehicle
11.10.3. Heavy Commercial Vehicle
11.11. France Automotive Bearing Market Forecast, by Bearing Types
11.11.1. Ball Bearings
11.11.2. Roller Bearing
11.11.3. Others
11.12. Germany Automotive Bearing Market Forecast, by Vehicle Type
11.12.1. Passenger Car
11.12.2. Light Commercial Vehicle
11.12.3. Heavy Commercial Vehicle
11.13. Germany Automotive Bearing Market Forecast, by Bearing Types
11.13.1. Ball Bearings
11.13.2. Roller Bearing
11.13.3. Others
11.14. Russia Automotive Bearing Market Forecast, by Vehicle Type
11.14.1. Passenger Car
11.14.2. Light Commercial Vehicle
11.14.3. Heavy Commercial Vehicle
11.15. Russia Automotive Bearing Market Forecast, by Bearing Types
11.15.1. Ball Bearings
11.15.2. Roller Bearing
11.15.3. Others
11.16. Rest of Europe Automotive Bearing Market Forecast, by Vehicle Type
11.16.1. Passenger Car
11.16.2. Light Commercial Vehicle
11.16.3. Heavy Commercial Vehicle
11.17. Rest of Europe Automotive Bearing Market Forecast, by Bearing Types
11.17.1. Ball Bearings
11.17.2. Roller Bearing
11.17.3. Others
11.18. PEST Analysis
11.19. Key Trends
11.20. Key Developments

12. Asia Pacific Automotive Bearing Market Analysis
12.1. Key Findings
12.2. Asia Pacific Automotive Bearing Market Overview
12.3. Asia Pacific Automotive Bearing Market Value Share Analysis, by Type
12.4. Asia Pacific Automotive Bearing Market Forecast, by Vehicle Type
12.4.1. Passenger Car
12.4.2. Light Commercial Vehicle
12.4.3. Heavy Commercial Vehicle
12.5. Asia Pacific Automotive Bearing Market Forecast, by Bearing Types
12.5.1. Ball Bearings
12.5.2. Roller Bearing
12.5.3. Others
12.6. Asia Pacific Automotive Bearing Market Value Share Analysis, by Country
12.7. Asia Pacific Automotive Bearing Market Forecast, by Country
12.7.1. China
12.7.2. India
12.7.3. Japan
12.7.4. ASEAN
12.7.5. Rest of Asia Pacific
12.8. Asia Pacific Automotive Bearing Market Analysis, by Country
12.9. China Automotive Bearing Market Forecast, by Vehicle Type
12.9.1. Passenger Car
12.9.2. Light Commercial Vehicle
12.9.3. Heavy Commercial Vehicle
12.10. China Automotive Bearing Market Forecast, by Bearing Types
12.10.1. Ball Bearings
12.10.2. Roller Bearing
12.10.3. Others
12.11. India Automotive Bearing Market Forecast, by Vehicle Type
12.11.1. Passenger Car
12.11.2. Light Commercial Vehicle
12.11.3. Heavy Commercial Vehicle
12.12. India Automotive Bearing Market Forecast, by Bearing Types
12.12.1. Ball Bearings
12.12.2. Roller Bearing
12.12.3. Others
12.13. Japan Automotive Bearing Market Forecast, by Vehicle Type
12.13.1. Passenger Car
12.13.2. Light Commercial Vehicle
12.13.3. Heavy Commercial Vehicle
12.14. Japan Automotive Bearing Market Forecast, by Bearing Types
12.14.1. Ball Bearings
12.14.2. Roller Bearing
12.14.3. Others
12.15. ASEAN Automotive Bearing Market Forecast, by Vehicle Type
12.15.1. Passenger Car
12.15.2. Light Commercial Vehicle
12.15.3. Heavy Commercial Vehicle
12.16. ASEAN Automotive Bearing Market Forecast, by Bearing Types
12.16.1. Ball Bearings
12.16.2. Roller Bearing
12.16.3. Others
12.17. Rest of APAC Automotive Bearing Market Forecast, by Vehicle Type
12.17.1. Passenger Car
12.17.2. Light Commercial Vehicle
12.17.3. Heavy Commercial Vehicle
12.18. Rest of APAC Automotive Bearing Market Forecast, by Bearing Types
12.18.1. Ball Bearings
12.18.2. Roller Bearing
12.18.3. Others
12.19. PEST Analysis
12.20. Key Trends
12.21. Key Developments

13. Middle East & Africa Automotive Bearing Market Analysis
13.1. Key Findings
13.2. Middle East & Africa Automotive Bearing Market Overview
13.3. Middle East & Africa Automotive Bearing Market Forecast, by Vehicle Type
13.3.1. Passenger Car
13.3.2. Light Commercial Vehicle
13.3.3. Heavy Commercial Vehicle
13.4. Middle East & Africa Automotive Bearing Market Forecast, by Bearing Types
13.4.1. Ball Bearings
13.4.2. Roller Bearing
13.4.3. Others
13.5. Middle East & Africa Automotive Bearing Market Value Share Analysis, by Country
13.6. Middle East & Africa Automotive Bearing Market Forecast, by Country
13.6.1. GCC
13.6.2. South Africa
13.6.3. Rest of Middle East & Africa
13.7. Middle East & Africa Automotive Bearing Market Analysis, by Country
13.8. GCC Automotive Bearing Market Forecast, by Vehicle Type
13.8.1. Passenger Car
13.8.2. Light Commercial Vehicle
13.8.3. Heavy Commercial Vehicle
13.9. GCC Automotive Bearing Market Forecast, by Bearing Types
13.9.1. Ball Bearings
13.9.2. Roller Bearing
13.9.3. Others
13.10. South Africa Automotive Bearing Market Forecast, by Vehicle Type
13.10.1. Passenger Car
13.10.2. Light Commercial Vehicle
13.10.3. Heavy Commercial Vehicle
13.11. South Africa Automotive Bearing Market Forecast, by Bearing Types
13.11.1. Ball Bearings
13.11.2. Roller Bearing
13.11.3. Others
13.12. Rest of MEA &Africa Automotive Bearing Market Forecast, by Vehicle Type
13.12.1. Passenger Car
13.12.2. Light Commercial Vehicle
13.12.3. Heavy Commercial Vehicle
13.13. Rest of MEA &Africa Automotive Bearing Market Forecast, by Bearing Types
13.13.1. Ball Bearings
13.13.2. Roller Bearing
13.13.3. Others
13.14. PEST Analysis
13.15. Key Trends
13.16. Key Developments

14. Latin America Automotive Bearing Market Analysis
14.1. Key Findings
14.2. Latin America Automotive Bearing Market Overview
14.3. Latin America Automotive Bearing Market Forecast, by Vehicle Type
14.3.1. Passenger Car
14.3.2. Light Commercial Vehicle
14.3.3. Heavy Commercial Vehicle
14.4. Latin America Automotive Bearing Market Forecast, by Bearing Types
14.4.1. Ball Bearings
14.4.2. Roller Bearing
14.4.3. Others
14.5. Latin America Automotive Bearing Market Value Share Analysis, by Country
14.6. Latin America Automotive Bearing Market Forecast, by Country
14.6.1. Brazil
14.6.2. Mexico
14.6.3. Rest of South America
14.7. Latin America Automotive Bearing Market Analysis, by Country
14.8. Mexico Automotive Bearing Market Forecast, by Vehicle Type
14.8.1. Passenger Car
14.8.2. Light Commercial Vehicle
14.8.3. Heavy Commercial Vehicle
14.9. Mexico Automotive Bearing Market Forecast, by Bearing Types
14.9.1. Ball Bearings
14.9.2. Roller Bearing
14.9.3. Others
14.10. Brazil Automotive Bearing Market Forecast, by Vehicle Type
14.10.1. Passenger Car
14.10.2. Light Commercial Vehicle
14.10.3. Heavy Commercial Vehicle
14.11. Brazil Automotive Bearing Market Forecast, by Bearing Types
14.11.1. Ball Bearings
14.11.2. Roller Bearing
14.11.3. Others
14.12. Rest of LA Automotive Bearing Market Forecast, by Vehicle Type
14.12.1. Passenger Car
14.12.2. Light Commercial Vehicle
14.12.3. Heavy Commercial Vehicle
14.13. Rest of LA Automotive Bearing Market Forecast, by Bearing Types
14.13.1. Ball Bearings
14.13.2. Roller Bearing
14.13.3. Others
14.14. PEST Analysis
14.15. Key Trends
14.16. Key Developments

15. Company Profiles
15.1. Market Share Analysis, by Company
15.2. Competition Matrix

15.2.1. Competitive Benchmarking of key players by price, presence, market share, Deployment Type and R&D investment
15.2.2. New Product Launches and Product Enhancements
15.2.3. Market Consolidation
15.2.3.1. M&A by Regions, Investment and Deployment Types
15.2.3.2. M&A Key Players, Forward Integration and Backward
Integration

15.3. Company Profiles: Key Players
15.3.1. chaeffler AG
15.3.1.1. Company Overview
15.3.1.2. Financial Overview
15.3.1.3. Product Portfolio
15.3.1.4. Business Strategy
15.3.1.5. Recent Developments
15.3.1.6. Company Footprint
15.3.2. SvenskaKullagerfabriken AB
15.3.3. NTN Corporation
15.3.4. Jtekt Corporation
15.3.5. Iljin Bearing Co., Ltd.
15.3.6. Timken Company
15.3.7. MinebeaMitsumi Inc
15.3.8. RKB Bearings.
15.3.9. THB Bearings
15.3.10. SKF
15.3.11. Koyo

16. Primary Key Insights.
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