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Global Automotive Bearings Market: By Bearing Type: Roller Bearing, Ball Bearing, Others; By Vehicle Type: Two-wheeler, Passenger Car, Commercial Vehicle; By Distribution Channel: After Market, OEM; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics; Competitive Landscape; Industry Events and Developments
Global Automotive Bearings Market Outlook
The global automotive bearings market stood at a value of around USD 38175.7 million in 2021. The market is further expected to grow in the forecast period of 2023-2028 at a CAGR of 6.90% to reach USD 56970.92 million by 2027.
Growing Utilisation of Roller Bearings to Aid the Global Automotive Bearings Industry
Roller bearings in wheels are used to evenly distribute the load of a vehicle during acceleration. In roller bearings, less quantity of lubricant is required due to low friction and wear, which is a major advantage of this type. In addition to this, tapered rolling bearings are used for heavy loads or in a situation where the load can greatly change during cornering, such as in cars and trucks. This is anticipated to propel the product demand in the forecast period.
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The Asia Pacific Accounts for a Significant Share in the Market
The automotive bearings industry in the Asia Pacific is driven by the increasing demand for automobiles owing to the rising disposable incomes, rising population, and rapid urbanisation across the region. The increasing demand for passenger cars in countries such as India, China, and others is likely to boost the demand for automotive bearings in the forecast period. Moreover, the expansion of the key automotive players, including Hyundai, Kia, Mitsubishi, Tata, and Toyota, among others, in various parts of the continent is likely to aid the market.
Automotive Bearings: Market Segmentation
Automotive bearings are defined as antifriction devices which are placed between two moving parts. Grease lubrication is often required for these devices. Further, automotive bearings are found in various automobile systems including transmission, wheel hub, and engine, among others.
Based on bearing type, the market can be segmented into:
- Roller Bearing
- Ball Bearing
- Others
By vehicle type, the market is divided into:
- Two-wheeler
- Passenger Car
- Commercial Vehicle
On the basis of distribution channel, the market is divided into:
- After Market
- OEM
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
Thriving Automotive Industry to Boost the Growth of the Automotive Bearings Industry
The thriving automotive industry is driving the market growth of automotive bearings. The rising demand for passenger and commercial vehicles is also supporting the automotive bearings industry growth. Over the forecast period, the flourishing transportation industry and the rising trading activities are anticipated to propel the demand for heavy commercial vehicles, thereby bolstering the growth of the automotive bearings industry. Moreover, the increasing inclination of passengers towards automobiles with high mechanical performance and heavy load capacity is likely to provide impetus to the market in the forecast period.
Key Industry Players in the Global Automotive Bearings Market
The report gives a detailed analysis of the following key players in the global automotive bearings market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- The Timken Company
- SKF
- THK CO., LTD
- RBC Bearings Incorporated
- Schaeffler AG
- NTN Corporation
- ILJIN co., ltd.
- Nippon Thompson Co., Ltd. (IKO International, Inc.)
- JTEKT Corporation
- NSK Ltd.
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Bearing Type, Vehicle Type, Distribution Channel, Region |
| Breakup by Bearing Type | Roller Bearing, Ball Bearing, Others |
| Breakup by Vehicle Type | Two-wheeler, Passenger Car, Commercial Vehicle |
| Breakup by Distribution Channel | After Market, OEM |
| Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Price Analysis | Historical and Forecast Price Trends- Regional |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | The Timken Company, SKF, THK CO., LTD, RBC Bearings Incorporated, Schaeffler AG, NTN Corporation, LJIN co., ltd., Nippon Thompson Co., Ltd. (IKO International, Inc.), JTEKT Corporation, NSK Ltd., Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Automotive Bearings Market Analysis
8.1 Key Industry Highlights
8.2 Global Automotive Bearings Historical Market (2018-2022)
8.3 Global Automotive Bearings Market Forecast (2023-2028)
8.4 Global Automotive Bearings Market by Bearing Type
8.4.1 Roller Bearing
8.4.1.1 Historical Trend (2018-2022)
8.4.1.2 Forecast Trend (2023-2028)
8.4.2 Ball Bearing
8.4.2.1 Historical Trend (2018-2022)
8.4.2.2 Forecast Trend (2023-2028)
8.4.3 Others
8.5 Global Automotive Bearings Market by Vehicle Type
8.5.1 Two-wheeler
8.5.1.1 Historical Trend (2018-2022)
8.5.1.2 Forecast Trend (2023-2028)
8.5.2 Passenger Car
8.5.2.1 Historical Trend (2018-2022)
8.5.2.2 Forecast Trend (2023-2028)
8.5.3 Commercial Vehicle
8.5.3.1 Historical Trend (2018-2022)
8.5.3.2 Forecast Trend (2023-2028)
8.6 Global Automotive Bearings Market by Distribution Channel
8.6.1 After Market
8.6.1.1 Historical Trend (2018-2022)
8.6.1.2 Forecast Trend (2023-2028)
8.6.2 OEM
8.6.2.1 Historical Trend (2018-2022)
8.6.2.2 Forecast Trend (2023-2028)
8.7 Global Automotive Bearings Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2022)
8.7.1.2 Forecast Trend (2023-2028)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2022)
8.7.2.2 Forecast Trend (2023-2028)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2022)
8.7.3.2 Forecast Trend (2023-2028)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2022)
8.7.4.2 Forecast Trend (2023-2028)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2022)
8.7.5.2 Forecast Trend (2023-2028)
9 North America Automotive Bearings Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
10 Europe Automotive Bearings Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2022)
10.1.2 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Historical Trend (2018-2022)
10.2.2 Forecast Trend (2023-2028)
10.3 France
10.3.1 Historical Trend (2018-2022)
10.3.2 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Historical Trend (2018-2022)
10.4.2 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Automotive Bearings Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2022)
11.1.2 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Historical Trend (2018-2022)
11.2.2 Forecast Trend (2023-2028)
11.3 India
11.3.1 Historical Trend (2018-2022)
11.3.2 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Historical Trend (2018-2022)
11.4.2 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Historical Trend (2018-2022)
11.5.2 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Automotive Bearings Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2022)
12.1.2 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Historical Trend (2018-2022)
12.2.2 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Historical Trend (2018-2022)
12.3.2 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Automotive Bearings Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2022)
13.1.2 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2022)
13.2.2 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Historical Trend (2018-2022)
13.3.2 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Historical Trend (2018-2022)
13.4.2 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Price Analysis
17 Competitive Landscape
17.1 Market Structure
17.2 Company Profiles
17.2.1 The Timken Company
17.2.1.1 Company Overview
17.2.1.2 Product Portfolio
17.2.1.3 Demographic Reach and Achievements
17.2.1.4 Certifications
17.2.2 SKF
17.2.2.1 Company Overview
17.2.2.2 Product Portfolio
17.2.2.3 Demographic Reach and Achievements
17.2.2.4 Certifications
17.2.3 THK CO., LTD
17.2.3.1 Company Overview
17.2.3.2 Product Portfolio
17.2.3.3 Demographic Reach and Achievements
17.2.3.4 Certifications
17.2.4 RBC Bearings Incorporated
17.2.4.1 Company Overview
17.2.4.2 Product Portfolio
17.2.4.3 Demographic Reach and Achievements
17.2.4.4 Certifications
17.2.5 Schaeffler AG
17.2.5.1 Company Overview
17.2.5.2 Product Portfolio
17.2.5.3 Demographic Reach and Achievements
17.2.5.4 Certifications
17.2.6 NTN Corporation
17.2.6.1 Company Overview
17.2.6.2 Product Portfolio
17.2.6.3 Demographic Reach and Achievements
17.2.6.4 Certifications
17.2.7 ILJIN co., ltd.
17.2.7.1 Company Overview
17.2.7.2 Product Portfolio
17.2.7.3 Demographic Reach and Achievements
17.2.7.4 Certifications
17.2.8 Nippon Thompson Co., Ltd. (IKO International, Inc.)
17.2.8.1 Company Overview
17.2.8.2 Product Portfolio
17.2.8.3 Demographic Reach and Achievements
17.2.8.4 Certifications
17.2.9 JTEKT Corporation
17.2.9.1 Company Overview
17.2.9.2 Product Portfolio
17.2.9.3 Demographic Reach and Achievements
17.2.9.4 Certifications
17.2.10 NSK Ltd.
17.2.10.1 Company Overview
17.2.10.2 Product Portfolio
17.2.10.3 Demographic Reach and Achievements
17.2.10.4 Certifications
17.2.11 Others
18 Key Trends and Developments in the Market
Additional Customisations Available
1 Manufacturing Process
1.1 Overview
1.2 Detailed Process Flow
1.3 Operation Involved
2 Project Requirement and Cost Analysis
2.1 Land, Location and Site Development
2.2 Construction
2.3 Plant Machinery
2.4 Cost of Raw Material
2.5 Packaging
2.6 Transportation
2.7 Utilities
2.8 Manpower
2.9 Other Capital Investment
List of Key Figures and Tables
1. Global Automotive Bearings Market: Key Industry Highlights, 2018 and 2028
2. Global Automotive Bearings Historical Market: Breakup by Bearing Type (USD Million), 2018-2022
3. Global Automotive Bearings Market Forecast: Breakup by Bearing Type (USD Million), 2023-2028
4. Global Automotive Bearings Historical Market: Breakup by Vehicle Type (USD Million), 2018-2022
5. Global Automotive Bearings Market Forecast: Breakup by Vehicle Type (USD Million), 2023-2028
6. Global Automotive Bearings Historical Market: Breakup by Distribution Channel (USD Million), 2018-2022
7. Global Automotive Bearings Market Forecast: Breakup by Distribution Channel (USD Million), 2023-2028
8. Global Automotive Bearings Historical Market: Breakup by Region (USD Million), 2018-2022
9. Global Automotive Bearings Market Forecast: Breakup by Region (USD Million), 2023-2028
10. North America Automotive Bearings Historical Market: Breakup by Country (USD Million), 2018-2022
11. North America Automotive Bearings Market Forecast: Breakup by Country (USD Million), 2023-2028
12. Europe Automotive Bearings Historical Market: Breakup by Country (USD Million), 2018-2022
13. Europe Automotive Bearings Market Forecast: Breakup by Country (USD Million), 2023-2028
14. Asia Pacific Automotive Bearings Historical Market: Breakup by Country (USD Million), 2018-2022
15. Asia Pacific Automotive Bearings Market Forecast: Breakup by Country (USD Million), 2023-2028
16. Latin America Automotive Bearings Historical Market: Breakup by Country (USD Million), 2018-2022
17. Latin America Automotive Bearings Market Forecast: Breakup by Country (USD Million), 2023-2028
18. Middle East and Africa Automotive Bearings Historical Market: Breakup by Country (USD Million), 2018-2022
19. Middle East and Africa Automotive Bearings Market Forecast: Breakup by Country (USD Million), 2023-2028
20. Global Automotive Bearings Market Structure
Key Questions Answered in the Report
In 2021, the global automotive bearings market attained a value of nearly USD 38175.7 million.
The market is estimated to grow at a CAGR of 6.90% between 2023 and 2028.
The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach USD 56970.92 million by 2027.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The major drivers of the industry, such as the growing automotive industry, rapid urbanisation, growing innovations, and the expansion of the major automobile companies, are expected to aid the market growth.
The key market trends guiding the growth of the industry include the technological advancements in passenger cars to bolster the driving experience.
Roller bearing, ball bearing, and others are the major bearing types in the market.
Two-wheeler, passenger car, and commercial vehicle are the different vehicle types considered in the market report.
After market and OEM are the significant distribution channels of the product.
The major players in the industry are The Timken Company, SKF, THK CO., LTD, RBC Bearings Incorporated, Schaeffler AG, NTN Corporation, ILJIN co., ltd., Nippon Thompson Co., Ltd. (IKO International, Inc.), JTEKT Corporation, and NSK Ltd., among others.
Analyst Review
The global automotive bearings market attained a value of USD 38175.7 million in 2021, driven by the growing automotive industry. Aided by the rising demand for heavy and light commercial vehicles, the market is expected to witness a further growth in the forecast period of 2023-2028, growing at a CAGR of 6.90%. The market is projected to reach USD 56970.92 million by 2027.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on bearing type, the market is divided into roller bearing, ball bearing, and others. On the basis of vehicle type, the market is divided into two-wheeler, passenger car, and commercial vehicle. By distribution channel, the market has been bifurcated into after market and OEM. The major regional markets for automotive bearings are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include The Timken Company, SKF, THK CO., LTD, RBC Bearings Incorporated, Schaeffler AG, NTN Corporation, ILJIN co., ltd., Nippon Thompson Co., Ltd. (IKO International, Inc.), JTEKT Corporation, and NSK Ltd., among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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