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Automotive Bearing Market


Automotive & Transportation
Automotive Components/Materials

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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