Commercial Vehicle Bearing Market – Global Industry Size, Share, Trends Opportunity, and Forecast, Segmented By Vehicle Type (LCV, M&HCV), By Application Type (Engine, Transmission, Wheel, Steering, Others), By Bearing Type (Ball, Roller, Plain), By Region and By Competition, 2021-2031F

Forecast Period	2027-2031
Market Size (2025)	USD 21.71 Billion
CAGR (2026-2031)	5.66%
Fastest Growing Segment	LCV
Largest Market	Asia Pacific
Market Size (2031)	USD 30.21 Billion

Market Overview

The Global Commercial Vehicle Bearing Market will grow from USD 21.71 Billion in 2025 to USD 30.21 Billion by 2031 at a 5.66% CAGR. Commercial vehicle bearings are specialized mechanical assemblies designed to reduce friction and support heavy axial and radial loads within the engines, transmissions, and wheel hubs of trucks, buses, and trailers. The market’s growth is fundamentally supported by the expanding global logistics sector and robust infrastructure development, which necessitate reliable heavy-duty transportation fleets for the movement of goods and materials. These core drivers create consistent demand for durable components capable of withstanding high operational stress. According to the 'European Automobile Manufacturers’ Association', in '2024', new van registrations in the European Union increased by 8.3% reaching 1,586,688 units, highlighting the sustained uptake of commercial vehicles that underpins the component market.

However, a significant challenge impeding market expansion is the volatility in raw material prices, particularly for high-grade steel and alloyed metals essential for manufacturing durable bearings. Manufacturers often struggle to maintain competitive pricing structures when input costs fluctuate unpredictably, which can compress profit margins and disrupt production planning. This economic instability frequently forces suppliers to pass increased costs onto fleet operators, potentially slowing down vehicle replacement cycles in price-sensitive regions and restricting the overall volume of new bearing orders.

Key Market Drivers

The expansion of global logistics and e-commerce freight networks is the primary force stimulating demand for durable commercial vehicle bearings. As supply chains densify, fleet operators are intensifying vehicle utilization rates, necessitating robust bearing assemblies that can endure prolonged heavy-duty cycles in wheel hubs and transmissions. This surge in freight activity directly correlates with increased vehicle production and component procurement, particularly in major manufacturing hubs. According to the China Association of Automobile Manufacturers, in September 2024, commercial vehicle exports for the first eight months of the year reached 597,000 units, marking a 22.8% year-on-year increase. This heightened manufacturing activity bolsters the financial performance of major component suppliers, confirming the sector's robust health. According to The Timken Company, in 2024, the manufacturer reported a record full-year revenue of $4.8 billion for 2023, driven significantly by strong demand across its engineered bearing portfolios serving industrial and mobile industries.

Concurrently, the accelerated electrification of commercial vehicle fleets is reshaping bearing technical requirements and market value. Electric trucks impose unique operational stresses, including higher rotational speeds in e-axles and the risk of electrical erosion, which drives the adoption of specialized, higher-value ceramic and insulated bearings. This technological shift is rapidly gaining momentum as fleets transition away from internal combustion engines to meet sustainability targets. According to the International Energy Agency, April 2024, in the 'Global EV Outlook 2024', global sales of electric trucks increased by 35% in 2023 compared to the previous year, surpassing electric bus sales for the first time. This transition forces bearing manufacturers to innovate low-friction, high-speed designs that maximize battery range, thereby creating a lucrative sub-segment within the broader market.

Download Free Sample Report

Key Market Challenges

The volatility of raw material prices, particularly for high-grade steel and alloyed metals, presents a substantial obstacle to the growth of the global commercial vehicle bearing market. Manufacturers depend on these specific materials to ensure components can withstand the extreme stress of heavy-duty operations, but unpredictable fluctuations in metal costs make it difficult to maintain stable pricing strategies. When input expenses rise, suppliers are often compelled to transfer these additional costs to their customers to preserve financial viability, creating friction in the supply chain.

This inflationary pressure directly impacts fleet operators, who frequently operate with restricted budgets and narrow profit margins. Faced with higher capital expenditure requirements for vehicle maintenance or replacement, many operators choose to extend the service life of existing assets rather than investing in new inventory. This trend significantly retards market expansion by dampening the volume of new orders. For instance, according to the 'European Automobile Manufacturers’ Association', in '2025', new EU truck registrations declined by 9.8% during the first three quarters compared to the previous year. Such contraction in vehicle uptake demonstrates how cost instability directly restricts the component market's potential.

Key Market Trends

The integration of IoT-enabled smart sensors into bearing assemblies is emerging as a critical trend, fundamentally altering maintenance strategies for commercial vehicle fleets. Operators are increasingly moving from reactive repair models to predictive maintenance frameworks, utilizing embedded sensors to monitor real-time operational parameters such as rotational speed, temperature, and vibration. This continuous data stream allows fleet managers to detect early signs of component degradation and schedule servicing precisely before failure occurs, thereby minimizing unplanned downtime and optimizing asset utilization. According to SKF, March 2025, in the 'Annual Report 2024', the company launched next-generation smart bearings integrating IoT and AI technology to enable remote monitoring and predictive maintenance, specifically targeting cost reductions and operational efficiency improvements for industrial and automotive customers.

Simultaneously, the market is witnessing a decisive shift toward sustainable manufacturing practices, driven by stringent environmental regulations and the decarbonization mandates of global automotive OEMs. Bearing manufacturers are aggressively re-engineering their production processes to lower Scope 1 and Scope 2 emissions, primarily through the adoption of renewable energy and the procurement of green steel produced via hydrogen-based reduction methods. This transition focuses on reducing the carbon footprint embedded within the components themselves, independent of the vehicle's powertrain technology. According to NSK, January 2025, in the 'ESG Databook 2024', the company reported that its comprehensive initiatives in energy conservation and renewable power adoption resulted in a 52% reduction in Scope 1 and 2 carbon emissions compared to fiscal year 2017 levels.

Segmental Insights

The Light Commercial Vehicle segment is emerging as the fastest-growing category within the global commercial vehicle bearing market. This upward trend is primarily driven by the rapid expansion of the e-commerce sector, which necessitates extensive last-mile delivery networks to serve urban populations. As logistics companies increase fleet sizes to meet tighter delivery schedules, the production of these smaller transport units has risen significantly. Additionally, stringent emission standards enforced by authorities such as the European Commission encourage fleet modernization, further stimulating the demand for new bearings required for these vehicles.

Regional Insights

Asia Pacific dominates the Global Commercial Vehicle Bearing Market, primarily driven by extensive automotive manufacturing activities in China, India, and Japan. The region benefits from rapid urbanization and large-scale infrastructure projects, which sustain robust demand for heavy-duty trucks and construction vehicles. Supportive government measures, such as the "Make in India" initiative, foster domestic production and strengthen local supply chains for critical automotive components. Furthermore, the booming e-commerce sector has accelerated the expansion of logistics networks, creating a continuous requirement for reliable vehicle bearings to support efficient freight transportation across these growing economies.

Recent Developments

• In October 2024, SKF introduced a next-generation Hub Bearing Unit specifically tailored for the evolving requirements of the Global Commercial Vehicle Bearing Market, with a focus on electric pickup trucks and vans. This innovative component features a unique hybrid design that combines ball and tapered roller bearing elements within a single unit, providing superior strength and load-handling capabilities. The design achieves a 10% weight reduction and decreases friction by up to 30% compared to conventional offerings in the same vehicle category. These technical enhancements directly translate into increased vehicle efficiency and extended battery range, addressing critical performance demands in the electrified commercial transport sector.
• In September 2024, Schaeffler Group unveiled an innovative insert-unit bearing designed specifically for heavy-duty commercial vehicles during the IAA Transportation exhibition in Hanover. This advanced bearing unit is installed into the cast iron wheel hub and locked onto the drive shaft, a design that delivers substantial efficiency gains. The product offers a weight reduction of up to 15 kilograms per wheel compared to standard tapered roller bearings, directly contributing to improved payload capacity. Furthermore, the unit incorporates low-friction seals that reduce friction by up to 70%, a breakthrough that extends the driving range of electric commercial vehicles and supports the industry's push toward sustainability.
• In September 2024, NBC Bearings (National Engineering Industries) showcased its specialized bearing solutions for the European tractor and trailer markets at the IAA Transportation event, reinforcing its commitment to the Global Commercial Vehicle Bearing Market. The company highlighted its progress in developing high-quality, low-torque bearings that meet rigorous European standards for materials and surface finish. During the exhibition, the firm emphasized its strategic focus on sustainability and research-driven innovation to address the demanding operating conditions of heavy-duty applications. This initiative was aimed at strengthening partnerships with international original equipment manufacturers and expanding the company's export footprint through advanced manufacturing practices.
• In March 2024, NTN Corporation expanded its presence in the Global Commercial Vehicle Bearing Market by launching a new range of wheel hubs with integral bearings in Europe. This strategic product introduction included 32 initial references designed to cover approximately 85% of the European truck fleet, ensuring widespread compatibility for heavy goods vehicles. The new hub units were engineered to meet Original Equipment standards, offering a practical solution that facilitates rapid workshop fitting and significantly reduces vehicle downtime. By integrating the bearing directly into the hub, the company aimed to provide high-performance maintenance solutions that address the specific durability and efficiency needs of the commercial trucking sector.

Key Market Players

• Federal-Mogul Holdings LLC
• SKF
• NSK Ltd
• JTEKT Corp.
• Minebea Co. Ltd
• Nachi Fujikoski
• NTN Corp
• Rheinmetall Automotive
• Schaeffler AG
• SNL Bearings Ltd

By Vehicle Type	By Application Type	By Bearing Type	By Region
LCV M&HCV	Engine Transmission Wheel Steering Others	Ball Roller Plain	North America Europe Asia Pacific South America Middle East & Africa

Report Scope:

In this report, the Global Commercial Vehicle Bearing Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

• Commercial Vehicle Bearing Market, By Vehicle Type:

• LCV
• M&HCV

• Commercial Vehicle Bearing Market, By Application Type:

• Engine
• Transmission
• Wheel
• Steering
• Others

• Commercial Vehicle Bearing Market, By Bearing Type:

• Ball
• Roller
• Plain

• Commercial Vehicle Bearing Market, By Region:

• North America
• United States
• Canada
• Mexico
• Europe
• France
• United Kingdom
• Italy
• Germany
• Spain
• Asia Pacific
• China
• India
• Japan
• Australia
• South Korea
• South America
• Brazil
• Argentina
• Colombia
• Middle East & Africa
• South Africa
• Saudi Arabia
• UAE