Automotive Bearing Market Introduction:
Automotive bearings are components that can carry heavy loads with ease and efficiency. The desired properties of automotive bearings are high precision, reliability, longevity, and the ability to rotate at high speeds with minimal noise and vibration. The bearings reduce the friction between the moving parts of the vehicle. It is forecasted that the global market for motor vehicle bearings will increase in value to $ 186.4 billion and annual growth of 5.8%.
Automotive Bearing Industry Recent developments:
In 2017-2018, major bearing manufacturers such as SKF, NSK, Schaeffer, and JTEKT announced their investment plans to expand their bearings to meet growing demand in the automotive industry, the aforementioned manufacturers have expanded their rolling element production, especially in the Asia-Pacific region, and especially in countries such as Japan, India, Korea, Vietnam, Malaysia, and China. Cone and needle bearings are identified as the main production plans of the above players.
Automotive Bearing Market value and expected growth:
Over the next few years, it is estimated that demand for automotive warehouses in the Asia-Pacific countries, mainly China, India, and Japan, will increase. In addition, with one-third of the world's population in China and India, demand for vehicles, particularly passenger cars and two-wheelers, is increasing, which in turn increases demand for passenger cars. Countries The Asia and Pacific region is expected to have a CAGR of 6.4% will grow. In mature markets, such as Europe and North America, automotive bearings are expected to grow at a CAGR of 5.8% (2019-2024). Developing countries, such as Brazil and South Africa, are expected to show high growth rates.
Market Drivers and Restraints:
It is expected that the rapid growth of the automotive industry worldwide in recent years will stimulate the market for automotive bearings in the forecast period. It is likely that the increase in average vehicle life due to the inclusion of low fuel consumption technologies will further boost the market for automotive storage machinery over the forecast period. Greater efforts are expected to be made in the development of lightweight materials in high-performance bearings to boost the automotive warehouse market in the near future. It is expected that the development and integration of new gasket technologies by OEMs to seal up bearing contaminants to increase the average life of automotive warehouses will further boost the automotive warehouse market in the automotive industry in the next few years.
Detailed Classification of the Market:
Industry Analysis – By Bearing Type:
Ball Bearings
Plain Bearings
Others (Roller Bearings, Journal Bearings, Sleeve Bearings, Composite Bearings, and Rifle Bearings)
Industry Analysis – By Outer Diameter:
Below 5mm
6mm-10mm
10mm-21mm
22mm
23mm-32mm
33mm-40mm
41mm-45mm
Others (>45mm)
Industry Analysis – By Applications:
Automotive
Electrical
Agriculture
Mining & Construction
Railway & Aerospace
Geographical Classification:
Market Regional Growth Analysis:
The market for automobile storage in the Asia-Pacific region is expected to grow significantly during the planned period. This is mainly due to the fact that China, which is the world leader in vehicle production, is making enormous efforts to boost the growth of the automotive industry. The automotive industry in the Asia-Pacific region is growing rapidly, with well-established manufacturing facilities from leading OEMs such as China, Japan, and South Korea in some countries in the Asia-Pacific region.
Top Leading Players mentioned in the Market Report:
Research Report Key Highlights:
1. Introduction
1.1 Market Definition
1.2 Scope of the report
1.3 Study Assumptions
1.4 Base Currency, Base Year and Forecast Periods
2. Research Methodology
2.1 Analysis Design
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Data Modelling
2.2.4 Expert Validation
2.3 Study Timeline
3. Report Overview
3.1 Executive Summary
3.2 Key Inferencees
4. Market Dynamics
4.1 Impact Analysis
4.1.1 Drivers
4.1.2 Restaints
4.1.3 Opportunities
4.2 Regulatory Environment
4.3 Technology Timeline & Recent Trends
5. Competitor Benchmarking Analysis
5.1 Key Player Benchmarking
5.1.1 Market share analysis
5.1.2 Products/Service
5.1.3 Regional Presence
5.2 Mergers & Acquistion Landscape
5.3 Joint Ventures & Collaborations
6. Market Segmentation
6.1 Automotive Bearing Market, By Bearing Type
6.1.1 Ball Bearings
6.1.2 Plain Bearings
6.1.3 Others
6.1.3.1 Roller Bearings
6.1.3.2 Journal Bearings
6.1.3.3 Sleeve Bearings
6.1.3.4 Composite Bearings
6.1.3.5 Rifle Bearings
6.1.4 Market Size Estimations & Forecasts (2019-2024)
6.1.5 Y-o-Y Growth Rate Analysis
6.1.6 Market Attractiveness Index
6.2 Automotive Bearing Market, By Outer Diameter
6.2.1 Below 5mm
6.2.2 6mm-10mm
6.2.3 10mm-21mm
6.2.4 22mm
6.2.5 23mm-32mm
6.2.6 33mm-40mm
6.2.7 41mm-45mm
6.2.8 Others (>45mm)
6.2.9 Market Size Estimations & Forecasts (2019-2024)
6.2.10 Y-o-Y Growth Rate Analysis
6.2.11 Market Attractiveness Index
6.3 Automotive Bearing Market, By Applications
6.3.1 Automotive
6.3.2 Electrical
6.3.3 Agriculture
6.3.4 Mining & Construction
6.3.5 Railway & Aerospace
6.3.6 Market Size Estimations & Forecasts (2019-2024)
6.3.7 Y-o-Y Growth Rate Analysis
6.3.8 Market Attractiveness Index
7. Geographical Landscape
7.1 Global Identity Governance and Administration Market, by Region
7.2 North America - Market Analysis (2018 - 2024)
7.2.1 By Country
7.2.1.1 USA
7.2.1.2 Canada
7.2.2 By Bearing Type
7.2.3 By Outer Diameter
7.2.4 By Applications
7.3 Europe
7.3.1 By Country
7.3.1.1 UK
7.3.1.2 France
7.3.1.3 Germany
7.3.1.4 Spain
7.3.1.5 Italy
7.3.1.6 Rest of Europe
7.3.2 By Bearing Type
7.3.3 By Outer Diameter
7.3.4 By Applications
7.4 Asia Pacific
7.4.1 By Country
7.4.1.1 China
7.4.1.2 India
7.4.1.3 Japan
7.4.1.4 South Korea
7.4.1.5 South East Asia
7.4.1.6 Australia & NZ
7.4.1.7 Rest of Asia-Pacific
7.4.2 By Bearing Type
7.4.3 By Outer Diameter
7.4.4 By Applications
7.5 Latin America
7.5.1 By Country
7.5.1.1 Brazil
7.5.1.2 Argentina
7.5.1.3 Mexico
7.5.1.4 Rest of Latin America
7.5.2 By Bearing Type
7.5.3 By Outer Diameter
7.5.4 By Applications
7.6 Middle East and Africa
7.6.1 By Country
7.6.1.1 Middle East
7.6.1.2 Africa
7.6.2 By Bearing Type
7.6.3 By Outer Diameter
7.6.4 By Applications
8. Key Player Analysis
8.1 Timken Co.
8.1.1 Business Description
8.1.2 Products/Service
8.1.3 Financials
8.1.4 SWOT Analysis
8.1.5 Recent Developments
8.1.6 Analyst Overview
8.2 SKF
8.3 Schaeffler AG
8.4 JTEKT Corp.
8.5 NTN Corp.
9. Market Outlook & Investment Opportunities
Appendix
List of Tables
List of Figures
