Automotive
| February, 2023

Automotive Bearing Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2027, By Vehicle Type (Two Wheeler, Passenger car, Light Commercial Vehicles, Medium & Heavy Commercial Vehicles), By Application Type (Engine, Transmission, Wheel, Steering, Others), By Bearing Type (Ball, Roller, Plain), By Region

Global Automotive Bearing market was valued over USD 43,748.40 million in 2021 and is estimated to reach USD 64,367.35 million by 2027, registering a CAGR of 6.67% through 2027. The bearing market is growing at a rapid pace because of the increasing demand for vehicle production and the bearing industry is focusing on developing application specific bearing to meet the needs of new improvised automobiles and their components.

The bearing is the essential part of the automobile industry and without the working of bearing it is not possible to drive the vehicle. The bearing main function is to provide smooth function of vehicle such as steering column and seat track rails which ensure smooth and quiet motion. With the introduction of the innovate bearing, they are proving to be cost effective, improving the performance of vehicle and have long service life of bearing. Moreover, manufacturers are making smart bearing that can measure and tell us the operating condition of the vehicle continuously which is leading to better life cycle of bearing.

When the COVID-19 began to cause lockdowns across the globe, there was a substantial slowdown in production of the automobiles. The COVID-19 pandemic adversely impacted the economic condition globally and impacted trade. The lockdown and restrictions affected the production of vehicles which in turn affected the bearing market. Several currency depreciations in some parts of world have led to the disruption in the supply and demand of the bearing.

Rising Demand of Automobiles

With the increase in demand of automobile vehicle rising at an enormous rate, the demand for bearing by the automobile OEMS is also rising. The new type of vehicles entering in the market such as electronic vehicle is leading to an increase in demand for bearing because bearing made for this kind of vehicle are customised bearing. Schaeffler Group has launched two new products, TriFinity triple row ball bearing and high-efficiency ball bearing with centrifugal disc in the year 2022, which is specifically designed for electric vehicles to attain higher efficiency, service life, and greater range.

Technology Advancements

With the technological innovation in the bearing industry, the bearing is made with advance features and materials. Now a days bearing can track the bearing life cycle and its performance, bearing designer are using the bearing simulation software to better match with bearing design with operation condition. The computer and analysis code used for making bearing design are helping in measuring the bearing performance, life, and reliability. Even this simulation software helps in saving time and resources spent on testing phase.

Advancements in Materials & Coatings

Advancement in the materials have extended the operating life of bearings. The bearing industry are using hard coating, ceramics, and specialty steels bearing. With the introduction of new materials such as Chrome steel, which is used in making precision ball bearing which allow the bearing to have great hardness, wear resistance and fatigue life. Also, now tungsten carbide bearing is made which can withstand high stress, high temperature, high impact, wear, and corrosion resistant. These bearing have low lubrication and are log lasting ball bearing in today’s market. Even plastic ball bearing is being made now a days which was not a possible earlier. Plastic bearing are used in low load situation and have high wear resistant.

Decreasing Replacement Demand

The growth in global bearing market is damaging the replacement market. Technologically advanced bearing has long service life, so once they are installed, they are not easily replaced. Thus, it is eliminating the need of replacement because lighter bearing comes with lower friction and noise, have improved reliability, high wear resistant, longer service life and ability to withstand harsh operating conditions. Thus, these factors are damaging the replacement of bearing impossible.

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Market Segmentation

The Global Automotive Bearing Market is segmented based on vehicle type, application type, bearing type, by region, and company. Based on vehicle type, the market is segmented into two wheeler, passenger car, light commercial vehicles and medium &heavy commercial vehicles. Based on application type, the market is further segmented into engine, transmission, wheel, steering, and others. The market is further segmented into the ball, roller and plain bearing based on the bearing type. Based on the demographic region, market is divided into Asia-Pacific, Europe, North America, South America and Middle East and Africa region.

Company Profiles

The key players in the market include AB SKF, Schaeffler (FAG), NSK Ltd., NTN Corporation, NMB Technologies Cooperation, TIMKEN Company, Torrington Company, JTKET corporation, Nachi-Fujikoshi Corp, Wafangdian Bearing Group Co. Ltd. These players are investing in innovation and manufacturing of bearing that will meet the customer requirement and able to beat their competition with the uniqueness of their product. Additionally, advanced strategic moves, such as mergers and collaborations, also benefit key players by raising their customer base and expanding their sales and distribution networks in the Indian two-wheeler market.

Attribute	Details
Market size value in 2021	USD 43,748.40 million
Revenue Forecast in 2027	USD 64,367.35 million
Growth Rate	6.67%
Base Year	2021
Historical Years	2017 – 2020
Estimated Year	2022
Forecast Period	2023 – 2027
Quantitative Units	Revenue in USD Million, Volume in Thousand Units, and CAGR for 2017-2021 and 2022-2027
Report Coverage	Revenue forecast, volume forecast, company share, competitive landscape, growth factors, and trends
Segments Covered	· By Vehicle Type · By Application Type · By Bearing Type · By Region · By Company
Regional Scope	Northern region, Eastern Region, Western Region, Southern Region.
Key Companies Profiled	AB SKF, Schaeffler (FAG), NSK Ltd., NTN Corporation, NMB Technologies Corporation, TIMKEN Company, Torrington Company, JTKET corporation, Nachi-Fujikoshi Corp, Wafangdian Bearing Group Co Ltd.
Customization Scope	10% free report customization with purchase. Addition or alteration to country, regional & segment scope.
Pricing and Purchase Options	Avail customized purchase options to meet your exact research needs. Explore purchase options
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/pdf format on special request)

Report Scope:

In this report, Indian Two-Wheeler market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

Global Automotive Bearing, By Vehicle Type:

Two Wheeler
Passengers Car
Light Commercial Vehicle
Medium and Heavy Commercial Vehicles

Global Automotive Bearing Market, By Application Type:

Engine
Transmission
Wheel
Steering
Other

Global Automotive Bearing Market, By Bearing Type:

Ball
Roller
Plain

Global Automotive Bearing Market, By Region:

Asia-Pacific
Europe
North America
South America
Middle East & Africa

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Global Automotive Bearing market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players (up to five).

In case you don’t find what you are looking for, please get in touch with our custom research team at [email protected]

1. Product Overview

2. Research Methodology

3. Executive Summary

4. Impact of COVID-19 on Global Automotive Bearing Market

5. Voice of Customer

5.1. Factors Influencing Purchase Decision

5.2. Brand Recall

5.3. Challenges/Issues Faced Post Purchase

6. Global Automotive Bearing Market Outlook, 2017-2027F

6.1. Market Size & Forecast

6.1.1. By Value & Volume

6.2. Market Share & Forecast

6.2.1. By Vehicle Type (Two Wheeler, Passenger Car, Light Commercial vehicle, Medium & Heavy Commercial Vehicle)

6.2.2. By Application Type (Engine, Transmission, Wheel, Steering and Others)

6.2.3. By Bearing Type (Ball, Roller, Plain)

6.2.4. By Region

6.2.5. By Company (2021)

6.3. Market Map, (By Vehicle Type, By Application Type, By Bearing Type, By Region)

7. Asia-Pacific Automotive Bearing Market Outlook, 2017-2027F

7.1. Market Size & Forecast

7.1.1. By Value & Volume

7.2. Market Share & Forecast

7.2.1. By Vehicle Type

7.2.2. By Application Type

7.2.3. By Bearing Type

7.2.4. By Country

7.3. Market Map, (By Vehicle Type, By Country)

7.4. China Automotive Bearing Market Outlook, 2017-2027F

7.4.1. Market Size & Forecast

7.4.1.1. By Value & Volume

7.4.2. Market Share & Forecast

11.4.2.1. By Vehicle Type

11.4.2.2. By Application Type

11.4.2.3. By Bearing Type

11.5. India Automotive Bearing Market Outlook, 2017-2027F

11.5.1. Market Size & Forecast

11.5.1.1. By Value & Volume

11.5.2. Market Share & Forecast

11.5.2.1. By Vehicle Type

11.5.2.2. By Application Type

11.5.2.3. By Bearing Type

11.6. Japan Automotive Bearing Market Outlook, 2017-2027F

11.6.1. Market Size & Forecast

11.6.1.1. By Value & Volume

11.6.2. Market Share & Forecast

11.6.2.1. By Vehicle Type

11.6.2.2. By Application Type

11.6.2.3. By Bearing Type

11.7. Indonesia Automotive Bearing Market Outlook, 2017-2027F

11.7.1. Market Size & Forecast

11.7.1.1. By Value & Volume

11.7.2. Market Share & Forecast

11.7.2.1. By Vehicle Type

11.7.2.2. By Application Type

11.7.2.3. By Bearing Type

11.8. Thailand Automotive Bearing Market Outlook, 2017-2027F

11.8.1. Market Size & Forecast

11.8.1.1. By Value & Volume

11.8.2. Market Share & Forecast

11.8.2.1. By Vehicle Type

11.8.2.2. By Application Type

11.8.2.3. By Bearing Type

11.9. South Korea Automotive Bearing Market Outlook, 2017-2027F

11.9.1. Market Size & Forecast

11.9.1.1. By Value & Volume

11.9.2. Market Share & Forecast

11.9.2.1. By Vehicle Type

11.9.2.2. By Application Type

11.9.2.3. By Bearing Type

11.10. Malaysia Automotive Bearing Market Outlook, 2017-2027F

11.10.1. Market Size & Forecast

11.10.1.1. By Value & Volume

11.10.2. Market Share & Forecast

11.10.2.1. By Vehicle Type

11.10.2.2. By Application Type

11.10.2.3. By Bearing Type

12. Europe Automotive Bearing Market Outlook, 2017-2027F

12.5. Market Size & Forecast

12.5.1. By Value & Volume

12.6. Market Share & Forecast

12.6.1. By Vehicle Type

12.6.2. By Application Type

12.6.3. By Bearing Type

12.6.4. By Country

12.7. Market Map, (By Vehicle Type, By Country)

12.8. Germany Automotive Bearing Market Outlook, 2017-2027F

12.8.1. Market Size & Forecast

12.4.1.1. By Value & Volume

12.4.2. Market Share & Forecast

12.4.2.1. By Vehicle Type

12.4.2.2. By Application Type

12.4.2.3. By Bearing Type

12.5. Spain Automotive Bearing Market Outlook, 2017-2027F

12.5.1. Market Size & Forecast

12.5.1.1. By Value & Volume

12.5.2. Market Share & Forecast

12.5.2.1. By Vehicle Type

12.5.2.2. By Application Type

12.5.2.3. By Bearing Type

12.6. France Automotive Bearing Market Outlook, 2017-2027F

12.6.1. Market Size & Forecast

12.6.1.1. By Value & Volume

12.6.2. Market Share & Forecast

12.6.2.1. By Vehicle Type

12.6.2.2. By Application Type

12.6.2.3. By Bearing Type

12.7. Russia Automotive Bearing Market Outlook, 2017-2027F

12.7.1. Market Size & Forecast

12.7.1.1. By Value & Volume

12.7.2. Market Share & Forecast

12.7.2.1. By Vehicle Type

12.7.2.2. By Application Type

12.7.2.3. By Bearing Type

12.8. Italy Automotive Bearing Market Outlook, 2017-2027F

12.8.1. Market Size & Forecast

12.8.1.1. By Value & Volume

12.8.2. Market Share & Forecast

12.8.2.1. By Vehicle Type

12.8.2.2. By Application Type

12.8.2.3. By Bearing Type

12.9. United Kingdom Automotive Bearing Market Outlook, 2017-2027F

12.9.1. Market Size & Forecast

12.9.1.1. By Value & Volume

12.9.2. Market Share & Forecast

12.9.2.1. By Vehicle Type

12.9.2.2. By Application Type

12.9.2.3. By Bearing Type

12.10. Belgium Automotive Bearing Market Outlook, 2017-2027F

12.10.1. Market Size & Forecast

12.10.1.1. By Value & Volume

12.10.2. Market Share & Forecast

12.10.2.1. By Vehicle Type

12.10.2.2. By Application Type

12.10.2.3. By Bearing Type

12.11. Austria Automotive Bearing Market Outlook, 2017-2027F

12.11.1. Market Size & Forecast

12.11.1.1. By Value & Volume

12.11.2. Market Share & Forecast

12.11.2.1. By Vehicle Type

12.11.2.2. By Application Type

12.11.2.3. By Bearing Type

13. North America Automotive Bearing Market Outlook, 2017-2027F

13.4. Market Size & Forecast

13.4.1. By Value & Volume

13.5. Market Share & Forecast

13.5.1. By Vehicle Type

13.5.2. By Application Type

13.5.3. By Bearing Type

13.5.4. By Country

13.6. Market Map, (By Vehicle Type, By Country)

13.7. USA Automotive Bearing Market Outlook, 2017-2027F

13.7.1. Market Size & Forecast

13.7.1.1. By Value & Volume

13.7.2. Market Share & Forecast

13.7.2.1. By Vehicle Type

13.7.2.2. By Application Type

13.7.2.3. By Bearing Type

13.8. Mexico Automotive Bearing Market Outlook, 2017-2027F

13.8.1. Market Size & Forecast

13.8.1.1. By Value & Volume

13.8.2. Market Share & Forecast

13.8.2.1. By Vehicle Type

13.8.2.2. By Application Type

13.8.2.3. By Bearing Type

13.9. Canada Automotive Bearing Market Outlook, 2017-2027F

13.9.1. Market Size & Forecast

13.9.1.1. By Value & Volume

13.9.2. Market Share & Forecast

13.9.2.1. By Vehicle Type

13.9.2.2. By Application Type

13.9.2.3. By Bearing Type

14. South America Automotive Bearing Market Outlook, 2017-2027F

14.4. Market Size & Forecast

14.4.1. By Value & Volume

14.5. Market Share & Forecast

14.5.1. By Vehicle Type

14.5.2. By Application Type

14.5.3. By Bearing Type

14.5.4. By Country

14.6. Market Map, (By Vehicle Type, By Country)

14.7. Brazil Automotive Bearing Market Outlook, 2017-2027F

14.7.1. Market Size & Forecast

14.7.1.1. By Value & Volume

14.7.2. Market Share & Forecast

14.7.2.1. By Vehicle Type

14.7.2.2. By Application Type

14.7.2.3. By Bearing Type

14.8. Colombia Automotive Bearing Market Outlook, 2017-2027F

14.8.1. Market Size & Forecast

14.8.1.1. By Value & Volume

14.8.2. Market Share & Forecast

14.8.2.1. By Vehicle Type

14.8.2.2. By Application Type

14.8.2.3. By Bearing Type

14.9. Argentina Automotive Bearing Market Outlook, 2017-2027F

14.9.1. Market Size & Forecast

14.9.1.1. By Value & Volume

14.9.2. Market Share & Forecast

14.9.2.1. By Vehicle Type

14.9.2.2. By Application Type

14.9.2.3. By Bearing Type

15. Middle East & Africa Automotive Bearing Market Outlook, 2017-2027F

15.4. Market Size & Forecast

15.4.1. By Value & Volume

15.5. Market Share & Forecast

15.5.1. By Vehicle Type

15.5.2. By Application Type

15.5.3. By Bearing Type

15.5.4. By Country

15.6. Market Map, (By Vehicle Type, By Country)

15.7. Turkey Automotive Bearing Market Outlook, 2017-2027F

15.7.1. Market Size & Forecast

15.7.1.1. By Value & Volume

15.7.2. Market Share & Forecast

15.7.2.1. By Vehicle Type

15.7.2.2. By Application Type

15.7.2.3. By Bearing Type

15.8. Iran Automotive Bearing Market Outlook, 2017-2027F

15.8.1. Market Size & Forecast

15.8.1.1. By Value & Volume

Report Description