In 2021, the global Automotive Bearing Market is valued at USD 171 Billion. The market is likely to grow at a y-o-y of 4.94% y-o-y in 2022 to reach USD 180 Billion.
| Attribute | Details |
|---|---|
| Estimated Market Size of automotive bearing market in 2021 | USD 171 Billion |
| Projected Market Size of automotive bearing market in 2022 | USD 180 Billion |
| y-o-y in 2022 | 4.94% |
APEJ (Asia Pacific excluding Japan) is the largest market for automotive bearing market and is set to grow at CAGR 5.2% through 2022.
Ball bearing continues to be the biggest segment in the automotive bearing market.
They ensure efficiency and speed enhancement of the vehicle at the same time maintaining balance. Automotive bearings involve a ball with an external and internal frictionless metal surface that support the smooth movement of the bearings.
The ball inside the bearing typically handles the load which in turn causes rotation of the bearing.
Future Market Insights has put forth a complete analysis of the global automotive bearing market by carrying out research on the emerging automotive sector and the bearing industry across key regions in the globe.
The analytical research report on global automotive bearing market studies various facets associated with automotive bearings such as bearing types, material used and sales channels across key regions across the entire globe.
With the help of a weighted market segmentation future projections are carried out for five years starting from 2017 to 2022.
These forecast insights can assist in slating important decisions with a view to achieve strategic advantage. The research also focuses on drivers, developments, economic aspects, restraints and trends influencing the growth of the global automotive bearing market.
According to the comprehensive research report on automotive bearing market, the global market is expected to grow at a significant rate during the period of forecast.
The global automotive bearing market is estimated to reach a value of about USD 180.9 Billion by the 2022 end from a valuation of around USD 142.4 Billion in 2017. It is projected to grow at a steady CAGR throughout the forecast period 2017 to 2022.
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By bearing type, the ball bearings segment is expected to be the largest segment with respect to market value. In 2017, this segment lead the global market by bearing type and by the end of 2022, this segment is estimated to reach a valuation of about USD 35.4 Billion growing at a steady CAGR during the period of forecast.
Ball bearings are the used on a large scale in numerous applications owing to their load bearing capacity, strength, wear resistance and overall performance.
Bearings are used in different vehicle types. In the vehicle type category, compact passenger cars segment is expected to show high usage of automotive bearings owing to which they portray high market share as of 2017.
This trend is expected to continue over the forecast period, thus reflecting dominance over other vehicle type segments in the global market. The compact passenger cars segment is projected to grow at 5% CAGR during the period of forecast.
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The APEJ region is expected to be the most lucrative region presenting high opportunities to upcoming players and established giants in the automotive bearing sector in the years to come.
The APEJ automotive bearing market is expected to grow at the highest rate by registering a high 5.2% CAGR during 2017 to 2022. The automotive bearing market in this region is also expected to represent a high market valuation by 2022 end.
The research study on automotive bearing market has covered several key player profiles that includes their SWOT analysis, company overview, key financials, product portfolios and key developments.
Companies such as ILJIN Bearing Co., Ltd., JTEKT Corporation, MinebeaMitsumi Inc., NRB Bearings Ltd., NTN Corporation, RKB Bearing Industries, Schaeffler AG and The Timken Company are profiled in this research study.
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The automotive bearing market is valued at USD 171 Billion and is expected to be 4.94% y-o-y in 2022.
The leading automotive bearing companies are ILJIN Bearing Co., Ltd., JTEKT Corporation, MinebeaMitsumi Inc, NRB Bearings Ltd., NTN Corporation and RKB Bearing Industries.
1. Global Automotive Bearing Market - Executive Summary 2. Global Automotive Bearing Market Overview 3. Global Automotive Bearing Market Analysis and Forecast By Bearing Type 3.1. Ball Bearing Market Size and Forecast, 2012 to 2022 3.2. Roller Bearings Market Size and Forecast, 2012 to 2022 3.3. Ball Thrust Bearings Market Size and Forecast, 2012 to 2022 3.4. Roller Thrust Bearings Market Size and Forecast, 2012 to 2022 3.5. Tapered Roller Bearings Market Size and Forecast, 2012 to 2022 3.6. Specialized Bearings Market Size and Forecast, 2012 to 2022 3.7. Others Market Size and Forecast, 2012 to 2022 4. Global Automotive Bearing Market Analysis and Forecast By Material Type 4.1. Metal-Polymer Market Size and Forecast, 2012 to 2022 4.2. Fiber Reinforced Composite Market Size and Forecast, 2012 to 2022 4.3. Metal and Bimetal Market Size and Forecast, 2012 to 2022 5. Global Automotive Bearing Market Analysis and Forecast By Sales Channel 5.1. OEM Market Size and Forecast, 2012 to 2022 5.2. Aftermarket Market Size and Forecast, 2012 to 2022 6. Global Automotive Bearing Market Analysis and Forecast By Vehicle Type 6.1. Compact Passenger Cars Market Size and Forecast, 2012 to 2022 6.2. Mid-sized Passenger Cars Market Size and Forecast, 2012 to 2022 6.3. Premium Passenger Cars Market Size and Forecast, 2012 to 2022 6.4. Luxury Passenger Cars Market Size and Forecast, 2012 to 2022 6.5. Light Commercial Vehicles Market Size and Forecast, 2012 to 2022 6.6. Heavy Commercial Vehicles Market Size and Forecast, 2012 to 2022 7. Global Automotive Bearing Market Analysis and Forecast By Region 7.1. North America Automotive Bearing Market Size and Forecast, 2012 to 2022 7.2. Latin America Automotive Bearing Market Size and Forecast, 2012 to 2022 7.3. Europe Automotive Bearing Market Size and Forecast, 2012 to 2022 7.4. Japan Automotive Bearing Market Size and Forecast, 2012 to 2022 7.5. APEJ Automotive Bearing Market Size and Forecast, 2012 to 2022 7.6. MEA Automotive Bearing Market Size and Forecast, 2012 to 2022 8. North America Automotive Bearing Market Analysis and Forecast, By Country, 2012 to 2022 9. Latin America Automotive Bearing Market Analysis and Forecast, By Country, 2012 to 2022 10. Europe Automotive Bearing Market Analysis and Forecast, By Country, 2012 to 2022 11. Japan Automotive Bearing Market Analysis and Forecast, By Country, 2012 to 2022 12. MEA Automotive Bearing Market Analysis and Forecast, By Country, 2012 to 2022 13. Global Automotive Bearing Market Company Share, Competition Landscape and Company Profiles 13.1. Schaeffler AG. 13.2. Jtekt Corporation 13.3. NTN Corporation 13.4. Iljin Bearing Co., Ltd 13.5. Timken Company 13.6. Svenska Kullagerfabriken AB 13.7. RKB Bearings 13.8. C & U Bearings 13.9. CW Bearings 13.10. Mineba Co. Ltd. 13.11. SNL Bearings 14. Research Methodology 15. Secondary and Primary Sources 16. Assumptions and Acronyms 17. Disclaimer
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Asia-Pacific Excluding Japan (APEJ) to Lead Automotive Bearing Market
