HOME Top Market Reports Automotive Bearing Market by Bearing type (Ball bearing, Roller bearing and others), Application, Vehicle type (PC, LCV, HCV and Two-wheelers), Region, and by Aftermarket (Region, Vehicle type and Application) - Trends & Forecasts to 2020

Automotive Bearing Market by Bearing type (Ball bearing, Roller bearing and others), Application, Vehicle type (PC, LCV, HCV and Two-wheelers), Region, and by Aftermarket (Region, Vehicle type and Application) - Trends & Forecasts to 2020

By: marketsandmarkets.com
Publishing Date: July 2015
Report Code: AT 3572

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This report classifies and defines the global automotive bearing market in terms of volume & value. This report provides comprehensive analysis and insights on the global automotive bearing market for both - qualitative and quantitative. It highlights the potential growth opportunities in the coming years as well as it covers review of the - market drivers, restraints, growth indicators, challenges, legislation trends, market dynamics, competitive landscape, and other key aspects related to the global automotive bearing market. This report also has a section on off-highway vehicle bearing market outlook and what steps are taken by the bearing manufacturers and associations to counter their counterfeit market.

Bearings are used in vehicle types; passenger cars, light commercial vehicles, heavy commercial vehicles, and two-wheelers. Bearings are used for a variety of automotive applications that include wheel hub, interior, engine, and transmission system. The major factors driving the market are increasing production of vehicles, increasing demand from the developing countries, and increasing demand for technologically advanced solutions.

In the coming years, the demands for automotive bearings are estimated to rise in the countries of Asia-Pacific, mainly in China, India, and Japan. Moreover with 1/3rd of the world population in countries of China and India, the demand for vehicles especially passenger cars and two-wheelers are also on the rise, which in turn increases the demand for automotive bearings in these countries. In matured markets like Europe and North America, it is estimated to have a steady growth for automotive bearings. Developing countries like Brazil and South Africa are projected to have a high growth rate.

Scope of the Report

The report covers the automotive bearing market in terms of volume & value. The market size in terms of volume is provided from 2013 to 2020 in units, whereas the value of the market is provided in $million. The global automotive bearing market is broadly classified by geography (Asia-Pacific, Europe, North America, and RoW), by vehicle type (PC, LCV, HCV & Two-Wheelers), by bearing type (Roller bearing, Ball bearing and others), by Aftermarket (by region, by vehicle type and by application).

Global Bearing Market, by Region, 2015 vs. 2020 ($Billion)

Automotive Bearing Market

Global Bearing Market, by Vehicle Type, 2015 vs. 2020 ($Billion)

Automotive Bearing Market

Source: MarketsandMarkets Analysis

Table of Contents

1 Introduction (Page No. - 17)
    1.1 Objectives of the Study
    1.2 Markets Covered
    1.3 Market Definition
    1.4 Market Scope
           1.4.1 Years Considered in the Report
    1.5 Currency
    1.6 Package Size
    1.7 Stakeholders
    1.8 Limitations

2 Research Methodology (Page No. - 21)
    2.1 Research Data
    2.2 Secondary Data
           2.2.1 Key Secondary Sources
           2.2.2 Key Data From Secondary Sources
    2.3 Primary Data
           2.3.1 Sampling Techniques & Data Collection Methods
    2.4 Factor Analysis
           2.4.1 Introduction
           2.4.2 Demand Side Analysis
                    2.4.2.1 Easy Availability
                    2.4.2.2 Options Available in Terms of Brands & Price
                    2.4.2.3 Increasing Awareness Regarding Vehicle Maintenance
                    2.4.2.4 Increasing Miles Driven
           2.4.3 Supply Side Analysis
                    2.4.3.1 Technological Advancements
                    2.4.3.2 Rise in Raw Material Prices
    2.5 Market Size Estimation
    2.6 Assumptions

3 Executive Summary (Page No. - 31)

4 Premium Insights (Page No. - 34)
    4.1 Introduction
    4.2 Global Automotive Bearing OEM Market
    4.3 Global Automotive Bearing OEM Market Growth (2015–2020), By Country
    4.4 Global Automotive Bearing OEM Market Growth (2015–2020), By Application
    4.5 Global Automotive Bearings Aftermarket Growth (2015–2020), By Region
    4.6 Global Automotive Bearing OEM Market Growth (2015–2020), By Bearing Type
    4.7 Global Two-Wheeler Bearing OEM Market Growth (2015–2020), By Bearing Type

5 Market Overview (Page No. - 40)
    5.1 Introduction
    5.2 Market Segmentation
    5.3 Market Dynamics
           5.3.1 Drivers
                    5.3.1.1 Increasing Average Age of Vehicles
                    5.3.1.2 Increasing Vehicle Production
                    5.3.1.3 Growing Demand for Off-Highway and Two-Wheeler Vehicles
                    5.3.1.4 E-Tailing
           5.3.2 Restraints
                    5.3.2.1 Counterfeit Automotive Products
                    5.3.2.2 Increasing Raw Material Prices
                    5.3.2.3 Longer Lifespan of Bearings Due to Improved Technology
           5.3.3 Opportunities
                    5.3.3.1 Right to Repair Act
                    5.3.3.2 Private Labelling
                    5.3.3.3 Advent of More Efficient Materials
           5.3.4 Challenge
                    5.3.4.1 Increasing Participation of OEMs in the Aftermarket
    5.4 Porter’s Five Forces Analysis
           5.4.1 Threat of New Entrants
           5.4.2 Threat of Substitutes
           5.4.3 Bargaining Power of Buyers
           5.4.4 Bargaining Power of Suppliers
           5.4.5 Intensity of Competitive Rivalry
    5.5 Value Chain Analysis

6 Global Automotive Bearing OEM Market, By Region (Page No. - 52)
    6.1 Pest Analysis
           6.1.1 Political Factors
                    6.1.1.1 Europe
                    6.1.1.2 Asia-Pacific
                    6.1.1.3 North America
                    6.1.1.4 Rest of World
           6.1.2 Economic Factors
                    6.1.2.1 Europe
                    6.1.2.2 Asia-Pacific
                    6.1.2.3 North America
                    6.1.2.4 Rest of the World
           6.1.3 Social Factors
                    6.1.3.1 Europe
                    6.1.3.2 Asia-Pacific
                    6.1.3.3 North America
                    6.1.3.4 Rest of the World
           6.1.4 Technological Factors
                    6.1.4.1 Europe
                    6.1.4.2 Asia-Pacific
                    6.1.4.3 North America
                    6.1.4.4 Rest of the World
    6.2 Introduction
    6.3 Asia-Pacific
           6.3.1 China
           6.3.2 Japan
           6.3.3 India
    6.4 Europe
           6.4.1 Germany
           6.4.2 France
    6.5 North America
           6.5.1 U.S.
           6.5.2 Canada
           6.5.3 Mexico
    6.6 RoW
           6.6.1 Brazil
           6.6.2 Russia

7 Global Automotive Bearing OEM Market By Vehicle Type (Page No. - 81)
    7.1 Introduction
    7.2 Passenger Car
    7.3 LCV
    7.4 HCV
    7.5 Two-Wheeler

8 Global Automotive Bearing OEM Market By Type (Page No. - 89)
    8.1 Introduction
    8.2 Automotive Bearings, By Type
           8.2.1 Ball Bearings
           8.2.2 Roller Bearing
    8.3 Two-Wheeler Bearing, By Type

9 Global Automotive Bearing Market, By Application (Page No. - 97)
    9.1 Introduction
    9.2 Automotive Bearing Application
           9.2.1 Wheel Hub
           9.2.2 Transmission System
           9.2.3 Engine
           9.2.4 Interior
    9.3 Two-Wheeler Bearing Application

10 Global Automotive Bearing Aftermarket, By Region (Page No. - 106)
     10.1 Introduction
     10.2 Asia-Pacific
     10.3 Europe
     10.4 North America
     10.5 RoW

11 Global Automotive Bearing After-Market, Vehicle Type (Page No. - 113)
     11.1 Introduction

12 Global Automotive Bearing Aftermarket, By Application (Page No. - 116)
     12.1 Introduction

13 Off-Highway Vehicles, Global Automotive Bearing Market Outlook (Page No. - 119)

14 The Counterfeit Market (Page No. - 123)

15 Competitive Landscape (Page No. - 125)
     15.1 Overview
     15.2 Market Share Analysis, Global Automotive Bearing Market
     15.3 Competitive Situation and Trends
     15.4 Battle for Market Share: New Product Launch Was the Key Strategy
     15.5 New Product Launches and Developments
     15.6 Expansions
     15.7 Agreements, Partnerships, Collaborations, Investments, and Joint Ventures
     15.8 Mergers and Acquisitions

16 Company Profiles (Page No. - 133)
     16.1 Introduction
     16.2 Timken Company
     16.3 Svenska Kullagerfabriken AB
     16.4 Schaeffler AG.
     16.5 Jtekt Corporation
     16.6 NTN Corporation
     16.7 Iljin Bearing Co., Ltd.
     16.8 ORS Bearings
     16.9 CW Bearing
     16.10 C&U Bearing
     16.11 RKB Bearings
     16.12 RBC Bearings
     16.13 Nachi Fujikoshi Corp.
     16.14 NSK Ltd.
     16.15 Wafangdian Bearing Group Corp
     16.16 Minebea Co., Ltd.
     16.17 SNL Bearings Ltd.

17 Appendix (Page No. - 177)
     17.1 Insights of Industry Experts
     17.2 Discussion Guide
     17.3 Available Customization
     17.4 Introducing RT: Real Time Market Intelligence
     17.5 Related Reports


List of Tables (88 Tables)

Table 1 Global: Automotive Bearing OEM Market Size , By Region, 2013–2020 (Million Units)
Table 2 Global: Automotive Bearing Market Size , By Region, 2013–2020 ($Billion)
Table 3 Asia-Pacific: Automotive Bearing OEM Market Size, By Country, 2013–2020 (Million Units)
Table 4 Asia-Pacific: Automotive Bearing OEM Market Size, By Country, 2013–2020 ($Billion)
Table 5 Asia-Pacific: Automotive Bearing OEM Market Size, By Vehicle Type, 2013–2020 (Million Units)
Table 6 Asia-Pacific: Automotive Bearing OEM Market Size, By Vehicle Type, 2013–2020 ($Billion)
Table 7 China: Automotive Bearing OEM Market Size, By Vehicle Type, 2013–2020 (Million Units)
Table 8 China: Automotive Bearing OEM Market Size, By Vehicle Type, 2013–2020 ($Billion)
Table 9 Japan: Automotive Bearing OEM Market Size, By Vehicle Type, 2013–2020 (Million Units)
Table 10 Japan: Automotive Bearing OEM Market Size, By Vehicle Type, 2013–2020 ($Billion)
Table 11 India: Automotive Bearing OEM Market Size, By Vehicle Type, 2013–2020 (Million Units)
Table 12 India: Automotive Bearing OEM Market Size, By Vehicle Type, 2013–2020 ($Billion)
Table 13 Europe: Automotive Bearing OEM Market Size, By Country, 2013–2020 (Million Units)
Table 14 Europe: Automotive Bearing Market Size, By Country, 2013–2020 ($Billion)
Table 15 Europe: Automotive Bearing OEM Market Size, By Vehicle Type, 2013–2020 (Million Units)
Table 16 Europe: Automotive Bearing Market Size, By Vehicle Type, 2013–2020 ($Billion)
Table 17 Germany: Automotive Bearing Market Size, By Vehicle Type, 2013–2020 (Million Units)
Table 18 Germany: Automotive Bearing Market Size, By Vehicle Type, 2013–2020 ($Billion)
Table 19 France: Automotive Bearing Market Size, By Vehicle Type, 2013–2020 (Million Units)
Table 20 France: Automotive Bearing Market Size, By Vehicle Type, 2013–2020 ($Billion)
Table 21 North America: Automotive Bearing Market Size, By Country, 2013–2020 (Million Units)
Table 22 North America: Automotive Bearing Market Size, By Country, 2013–2020 ($Billion)
Table 23 North America: Automotive Bearing Market Size, By Vehicle Type, 2013–2020 (Million Units)
Table 24 North America: Automotive Bearing Market Size, By Vehicle Type, 2013–2020 ($Billion)
Table 25 U.S.: Automotive Bearing Market Size, By Vehicle Type, 2013–2020 (Million Units)
Table 26 U.S.: Automotive Bearing Market Size, By Vehicle Type, 2013–2020 ($Billion)
Table 27 Canada: Automotive Bearing Market Size, By Vehicle Type, 2013–2020 (Million Units)
Table 28 Canada: Automotive Bearing Market Size, By Vehicle Type, 2013–2020 ($Billion)
Table 29 Mexico: Automotive Bearing Market Size, By Vehicle Type, 2013–2020 (Million Units)
Table 30 Mexico: Automotive Bearing Market Size, By Vehicle Type, 2013–2020 ($Billion)
Table 31 RoW: Automotive Bearing Market Size, By Country, 2013–2020 (Million Units)
Table 32 RoW: Automotive Bearing Market Size, By Country, 2013–2020 ($Billion)
Table 33 RoW: Automotive Bearing Market Size, By Vehicle Type, 2013–2020 (Million Units)
Table 34 RoW: Automotive Bearing Market Size, By Vehicle Type, 2013–2020 ($Billion)
Table 35 Brazil: Automotive Bearing Market Size, By Vehicle Type, 2013–2020 (Million Units)
Table 36 Brazil: Automotive Bearing Market Size, By Vehicle Type, 2013–2020 ($Billion)
Table 37 Russia: Automotive Bearing Market Size, By Vehicle Type, 2013–2020 (Million Units)
Table 38 Russia: Automotive Bearing Market Size, By Vehicle Type, 2013–2020 ($Billion)
Table 39 Global: Automotive Bearing OEM Market Size, By Vehicle Type, 2013-2020 (Million Units)
Table 40 Global: Automotive Bearing OEM Market Size, By Vehicle Type, 2013-2020 ($Billion)
Table 41 Passenger Car Automotive Bearing OEM Market Size, By Region, 2013-2020 (Million Units)
Table 42 Passenger Car: Automotive Bearing OEM Market Size, By Region, 2013-2020 ($Billion)
Table 43 LCV: Automotive Bearing OEM Market Size, By Region, 2013-2020 (Million Units)
Table 44 LCV: Automotive Bearing OEM Market Size, By Region, 2013-2020 ($Billion)
Table 45 HCV: Automotive Bearing OEM Market Size, By Region, 2013-2020 (Million Units)
Table 46 HCV: Automotive Bearing OEM Market Size, By Region, 2013-2020 ($Billion)
Table 47 Two-Wheeler: Automotive Bearing OEM Market Size, By Region, 2013-2020 (Million Units)
Table 48 Two-Wheeler: Automotive Bearing OEM Market Size, By Region, 2013-2020 ($Billion)
Table 49 Automotive Bearings OEM Market Size, By Type, 2013-2020 (Million Units)
Table 50 Automotive Bearings OEM Market Size, By Type, 2013-2020 ($Billion)
Table 51 Automotive Ball Bearing OEM Market Size, By Region, 2013-2020 (Million Units)
Table 52 Automotive Ball Bearing OEM Market Size, By Region, 2013-2020 ($Billion)
Table 53 Automotive Roller Bearing OEM Market Size, By Region, 2013-2020 (Million Units)
Table 54 Automotive Roller Bearing OEM Market Size, By Region, 2013-2020 ($Billion)
Table 55 Two-Wheeler Bearings OEM Market Size, By Type, 2013–2020 (Million Units)
Table 56 Two-Wheeler Bearings OEM Market Size, By Type, 2013–2020, ($Billion)
Table 57 Automotive Bearing OEM Market Size, By Application, 2013–2020 (Million Units)
Table 58 Automotive Bearing OEM Market Size, By Application, 2013–2020 ($Billion)
Table 59 Automotive Bearings OEM Market in Wheel Hub, By Vehicle Type, 2013–2020 (Million Units)
Table 60 Automotive Bearings in Wheel Hub, By Vehicle Type, 2013–2020 ($Billion)
Table 61 Automotive OEM Bearing Market in Transmission System, By Vehicle Type, 2013–2020 (Million Units)
Table 62 Automotive Bearings in Transmission System, By Vehicle Type, 2013–2020 ($Billion)
Table 63 Automotive Bearings in Engine, By Vehicle Type, 2013–2020 (Million Units)
Table 64 Automotive Bearings in Engine, By Vehicle Type, 2013–2020 ($Billion)
Table 65 Automotive Bearings in Interior, By Vehicle Type, 2013–2020 (Million Units)
Table 66 Automotive Bearings in Interior, By Vehicle Type, 2013–2020 ($Billion)
Table 67 Two-Wheeler Bearing OEM Market Size, By Application, 2013–2020 (Million Units)
Table 68 Two-Wheeler Bearing OEM Market Size, By Application, 2013–2020 ($Billion)
Table 69 Automotive Bearings Aftermarket Size, By Region, 2013–2020 (‘000 Units)
Table 70 Automotive Bearings Aftermarket Size, By Region, 2013–2020 ($Billion)
Table 71 Asia-Pacific: Automotive Bearings Aftermarket Size, By Country, (‘ 000 Units)
Table 72 Asia-Pacific: Automotive Bearings Aftermarket Size, By Country, ($Billion)
Table 73 Europe: Automotive Bearings Aftermarket Size, By Country, (‘ Ooo Units)
Table 74 Europe: Automotive Bearings Aftermarket Size, By Country ($Billion)
Table 75 North America: Automotive Bearings Aftermarket Size, By Country, (‘ 000 Units)
Table 76 North America Automotive Bearings Aftermarket Size, By Country, ($Billion)
Table 77 RoW: Automotive Bearings Aftermarket Size, By Country, (‘000 Units)
Table 78 RoW: Automotive Bearings Aftermarket Size, By Country, ($Billion)
Table 79 Global: Automotive Bearing Aftermarket, By Vehicle Type, 2013–2020 (‘000 Units)
Table 80 Global: Automotive Bearing Aftermarket, By Vehicle Type, 2013–2020 ($Billion)
Table 81 Global: Automotive Bearing Aftermarket, By Application, 2013–2020 (‘000 Units)
Table 82 Global: Automotive Bearing Aftermarket, By Application, 2013–2020 ($Billion)
Table 83 Global: Tractor Bearings Market Size , By Region, 2013–2020 (Million Units)
Table 84 Global: Tractor Bearings Market Size Split , By Application, 2013–2020 (Million Units)
Table 85 New Product Launches and Developments, 2015
Table 86 Expansions, 2013–2015
Table 87 Agreements, Partnerships, Collaborations, Investments & Joint Ventures, 2014–2015
Table 88 Mergers and Acquisitions, 2013-2015


List of Figures (70 Figures)

Figure 1 Research Design
Figure 2 Research Methodology Model
Figure 3 Breakdown of Primary Interviews: By Company Type, By Designation and By Region
Figure 4 Automotive Service Technicians & Motorcycle Mechanics in the U.S.
Figure 5 Fluctuating Steel Prices Over the Years, 2011-2014
Figure 6 Data Triangulation
Figure 7 Market Size Estimation Methodology: Bottom-Up Approach
Figure 8 Automotive Bearing OEM Market (2015): Asia-Pacific Projected to Have the Largest Market Share
Figure 9 Global Automotive Bearing OEM Market, By Application, 2015–2020
Figure 10 Two-Wheelers Bearings Market, By Application, 2015–2020
Figure 11 Global Automotive Bearing Market: Demand for Passenger Car Bearings Segment Estimated to Have the Largest Share in Vehicle Type
Figure 12 Emerging Opportunities in Global Automotive Bearing OEM Market
Figure 13 Regions are Estimated to Witness Stable Growth During the Forecast Period
Figure 14 Global Automotive Bearing OEM Market: Interior Segment has the Fastest Growth Rate
Figure 15 Global Two-Wheeler Bearing OEM Market: Engine Application Segment is Expected to Generate the Highest Revenue
Figure 16 Bearings Aftermarket: North America Region has the Fastest Growth Rate
Figure 17 Ball Bearing Segment Projected to Have the Largest Share in the OEM Market
Figure 18 Ball Bearing Segment is Projected to Have the Largest Share in Two-Wheeler Segment
Figure 19 Global Automotive Bearings OEM Market Segmentation
Figure 20 Increasing Average Age of Vehicles and the Growing Trend of E-Tailing are Expected to Drive the Market
Figure 21 Global Growth in Vehicle Production: Asia-Pacific Region to Hold the Largest Share in 2015
Figure 22 Porter’s Five Forces Analysis
Figure 23 Value Chain: for Bearing Major Value Addition Takes Place in Manufacturing and Assembly Stage
Figure 24 Value Chain Analysis: Automotive Bearings Aftermarket
Figure 25 Regional Snapshot: Rapid Growing Markets (Russia & India) Emerging as New Hotspots
Figure 26 Asia-Pacific Automotive Bearing OEM Market Snapshot: China Estimated to Capture the Largest Share of Automotive Bearing Market in 2015
Figure 27 China: Rapid Economic Growth & Rapid Urbanization to Drive the Market for Automotive Bearing
Figure 28 Germany to Account for the Largest Share in Automotive Bearing OEM Market in 2015
Figure 29 Passenger Car to Account for the Largest Share in Automotive Bearing OEM Market in Germany
Figure 30 North America: Mexico is the Fastest Growing Automotive Bearing Market
Figure 31 Mexico: The Fastest Growing Segment in Automotive Bearing Market is HCV
Figure 32 RoW Automotive Bearing OEM Market, 2015 vs 2020 ($Billion)
Figure 33 Mexico: the Fastest Growing Segment in Automotive Bearing Market is Two-Wheelers
Figure 34 Global Automotive Bearing OEM Market Growth, 2015-2020
Figure 35 LCV: Most Attractive Vehicle Type Segment for Automotive Bearings
Figure 36 Ball Bearings Hold the Largest Share of the Automotive Bearing Oe Market
Figure 37 Automotive Bearing Market, By Type, 2015 vs 2020
Figure 38 Asia-Pacific Accounts for the Largest Market Share
Figure 39 Automotive Bearing OEM Market Size, By Application
Figure 40 Automotive Bearing Wheel Hub Application, By Vehicle Type
Figure 41 Regional Snapshot (2015): Rapid-Growth Markets Emerging as New Hotspots
Figure 42 Global Automotive Bearing Aftermarket: Passenger Car Segment to Have the Highest Share in 2015
Figure 43 Global Bearing Aftermarket, By Application
Figure 44 Construction Equipment Market Size-Sales , By Region 2013–2020 (Units)
Figure 45 Companies Adopted Product Innovation as the Key Growth Strategy From 2010 – 2015
Figure 46 Schaeffler AG Grew at the Fastest Rate From 2009 to 2014
Figure 47 Global Automotive Bearings Market Share, By Key Player, 2014
Figure 48 Region-Wise Revenue Mix of Top Five Market Players
Figure 49 Competitive Benchmarking of Key Market Players: Schaeffler Group Emerged as the Champion Owing to Its Diversified Product Portfolio
Figure 50 Timken Company. : Business Overview
Figure 51 Timken Comapny: SWOT Analysis
Figure 52 Svenska Kullagerfabriken AB: Business Overview
Figure 53 Svenska Kullagerfabriken AB: SWOT Analysis
Figure 54 Schaeffler AG: Business Overview
Figure 55 Schaeffler AG: SWOT Analysis
Figure 56 Jtekt Corporation: Business Overview
Figure 57 Jtekt Corporation: SWOT Analysis
Figure 58 NTN Corporation: Company Snapshot
Figure 59 NTN Corporation.: SWOT Analysis
Figure 60 Iljin Bearing Co., Ltd.: Business Overview
Figure 61 ORS Bearings: Business Overview
Figure 62 CW Bearing: Business Overview
Figure 63 C&U Bearing: Business Overview
Figure 64 RKB Bearings: Company Snapshot
Figure 65 RBC Bearings. : Business Overview
Figure 66 Nachi Fujikoshi: Business Overview
Figure 67 NSK Ltd: Business Overview
Figure 68 Wafangdian Bearing Group Corp.: Business Overview
Figure 69 Minebea Co., Ltd.: Business Overview
Figure 70 SNL Bearings Ltd. : Business Overview

The global automotive bearing market, in terms of value, is projected to grow at 186.4 Billion USD and CAGR of 5.8% from 2015 to 2020

In the coming years, the demands for automotive bearings are estimated to be on rise in the countries of Asia-Pacific, mainly in China, India, and Japan. Moreover, with 1/3rd of the world population in countries of China and India, the demand for vehicles, especially passenger cars and two-wheelers are also on the rise, which in turn increases the demand for automotive bearings in these countries. The Asia- Pacific region is projected to grow, in terms of volume, at a CAGR of 6.4%. In the matured markets like Europe and North America, it is expected to have a steady growth for automotive bearings with a same CAGR of 5.8% (2015-2020). Developing countries like Brazil and South Africa are projected to have a high growth rate.

The global automotive bearing market has been broadly classified by geography (Asia-Pacific, Europe, North America, and RoW), by vehicle type (PC, LCV, HCV & Two-Wheelers), by bearing type (Roller bearing, Ball bearing and others), by Aftermarket (by region, by vehicle type and by application).

Bearings are used for a variety of automotive applications that include wheel hub, interior, engine, and transmission system. The major factors driving the market are increasing production of vehicles, increasing demand from the developing countries, and increasing demand for technologically advanced solutions.

This report classifies and defines the global automotive bearing market in terms of volume & value. This report provides comprehensive analysis and insights on the global automotive bearing market for both - qualitative and quantitative. It highlights potential growth opportunities in the coming years as well as it also covers review of the - market drivers, restraints, growth indicators, challenges, legislation trends, market dynamics, competitive landscape, and other key aspects of the global automotive bearing market. This report also has a section on off-highway vehicle bearing market outlook and what steps are taken by the bearing manufacturers and associations to counter the counterfeit market.

Following are few major companies which are into manufacturing of automotive bearings: Timken Co. (U.S.), SKF (Sweden), Shaeffler AG (Germany), JTEKT Corp. (Japan), and NTN Corp. (Japan).

Global Bearing Market, by Region, 2015 vs. 2020 ($Billion)

Automotive Bearing Market

Source: MarketsandMarkets Analysis

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