Skip to main content

Automotive Bearing Market Size 2022-2028 | to Reach USD 47.60 Billion, at a CAGR of 6.28%

Written by Customer Service on . Posted in Mergers And Acquisitions.

The global automotive bearing market size is projected to grow from USD 31.08 billion in 2021 to USD 47.60 billion by 2028 at a CAGR of 6.28% in the 2021-2028 period

Pune, India, Feb. 14, 2022 (GLOBE NEWSWIRE) — The global automotive bearing market size was USD 30.03 billion in 2020. The market is projected to grow from USD 31.08 billion in 2021 to USD 47.60 billion by 2028 at a CAGR of 6.28% in the 2021-2028 period. This information is published by Fortune Business Insights, in its report, titled, “Automotive Bearing Market, 2021-2028.”

Industry Developments:

June 2021: NTN Corporation developed a needle roller and cage assembly for planetary gear. The product offers highspeed rotation performance, noise reduction, and prolonged life in automatic automotive automatic transmission systems.


Get Sample PDF Brochure: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/automotive-bearings-market-102229


Market Growth Factors:

  • Bearings are necessary for the all moving parts of automotive to function. A few prime sub-systems where bearings are utilized are gearboxes, steering, engines, transmissions, wheels, electrical motors as well as pumps. Increase in focus toward reduction of vehicle weight, rise in automobile production along with sales.
  • Additionally, wipers, door, rear view mirrors, and bonnet hinges necessitate bearings for smooth functioning. Furthermore, with amplification in the amount of models and new types of vehicles making an entrance in the market, the demand for automotive bearings is anticipated to elevate substantially. This, in turn, is expected to bolster the automotive bearing market growth during the forecast period.
  • The enactment of the stringent Environment Protection Agency regulations and Corporate Average Fuel Economy standards, a focus on lightweight vehicles, the increase in the commercial vehicle demand and sales in the European region.
  • The emergence of sensor bearing units and development of additive manufacturing technologies & materials to manufacture bearings are anticipated to provide lucrative growth opportunities.


To get to know more about the short-term and long-term impact of COVID-19 on this market,

Please Visit: https://www.fortunebusinessinsights.com/automotive-bearings-market-102229


Market Segments:

On the basis of type, the market is classified into ball bearing, roller bearing, and others. The ball bearing holds the largest share globally and the same segment is expected to lead throughout the forecast period.

In terms of application, the market is categorized into powertrain, chassis, and others. By vehicle type, the market is divided into passenger vehicle, light commercial vehicle, heavy commercial vehicle. In terms of region, the Automotive Bearing Market is studied across North America, Europe, Asia Pacific, and the rest of the world.

Regional Analysis:

The market in Asia Pacific was worth USD 12.60 billion in 2020 and is estimated to reach USD 20.79 billion by 2028 at 6.8% CAGR during the forecast period. Europe holds the second-largest automotive bearing market share, owing to the existence of vital companies operating in this area.


Speak To Our Analyst: https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/automotive-bearings-market-102229


Competitive Analysis:

Companies Embrace Tactical Procurements to Refine Automotive Bearing Market Position

Prime corporations are emphasizing on co-operating with other players to extend their product portfolio in window coverings, spurring the global market. For instance, in November 2019, SKF acquired Form Automation Solution(FAS), which is a software development start-up company. This procurement will reinforce the inspection ability and task management of customers and also will transform the labor-intensive procedure of knowledge collection into ready information for the worker.


List of Key Players Mentioned in the Automotive Bearing Market Report:

  • JTEKT Corporation (Japan)
  • SKF (Sweden)
  • Schaeffler AG (Germany)
  • NSK Ltd (Japan)
  • NTN Corporation (Japan)
  • TIMKEN (U.S.)
  • Rheinmetall AG (Germany)
  • Nippon Thompson (Japan)
  • RBC Bearings Incorporated (U.S.)


Ask for Customization of this Report: https://www.fortunebusinessinsights.com/enquiry/customization/automotive-bearings-market-102229


About Us:

Fortune Business Insights™ delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Our aim is to empower them with holistic market intelligence, providing a granular overview of the market they are operating in.

Contact Us:

US :+1 424 253 0390

UK : +44 2071 939123

APAC : +91 744 740 1245

Email: sales@fortunebusinessinsights.com

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.