Press release
Global Automotive Bearing Market; PMR Expects Global Revenues to Cross US$ 27 Bn by 2026 End
Amplified Investments in R&D to Support Market Growth
Increasing average lifespan of vehicles is expected to raise substantial demand for vehicular component repairing, replacement, and maintenance, eventually pushing the bearing market up in near future. Rapidly expanding fleet is generating decent aftermarket demand for automotive bearings, which is another key factor responsible for market growth. Manufacturers are increasingly investing in the expansion of production capacity of automotive bearings; moreover, a majority players are focusing more on R&D in order to bring in innovation to the marketplace.
Request Report Sample@ https://www.persistencemarketresearch.com/samples/22561
Technological Advances Poised to Bring in Innovation
With advent of technology including IoT and emergence of cyber-physical systems, manufacturers are inclining more towards sensorised automotive components and mechatronic products, which enable digital service integration. This strategy is anticipated to help them prepare for the future manufacturing, i.e. Industry 4.0. Persistence Market Research identifies this as a significant development in shaping the future of automotive bearings market. The global market for automotive bearings is currently trending with the growing use of ceramic ball bearings in a bid to open up new doors to several innovative application areas, such as in electric vehicles. The market for automotive bearings is observed to be polarized towards a limited number of companies operating globally, which is estimated to fuel the market growth in next few years.
By Product Type
Ball Bearings
Deep groove ball bearings
Angular contact ball bearings
Thrust ball bearings
Self-alignment ball bearings
Roller Bearings
Tapered roller bearings
Cylindrical roller bearings
Spherical roller bearings
Needle roller bearings
Thrust roller bearings
Plain Bearings
Roller bearings are likely to maintain a major market value share over ball bearings and plain bearings throughout the forecast period.
By Vehicle Type
Two Wheeler
Passenger Car (PC)
Commercial Vehicle (CV)
Passenger cars will continue to generate the maximum demand for bearings compared to commercial vehicles and two wheelers. However, two wheelers segment is expected to witness robust growth in coming years, exhibiting a promising CAGR over the assessment period.
By Application
Engine
Transmission System
Wheel Hub
Steering System
Suspension & Others (interior & exterior)
Highest applications are apprehended to exist in the transmission system segment, followed by wheel hub and steering system. Engine is also identified to be a steadily growing application segment.
By Sales Channel
Original equipment manufacturer (OEM)
Original equipment supplier (OES)
Independent Aftermarket (IAM)
While OEMs are expected to continue their dominance through to 2026, IAM segment will reportedly witness the highest growth at a CAGR of over 5%.
By Region
North America
Latin America
Europe
South East Asia & Pacific (SEAP)
China
Japan
Middle East and Africa (MEA)
Visit For TOC@ https://www.persistencemarketresearch.com/methodology/22561
Currently, Europe is the leading market for automotive bearings but China is most likely to surpass European market in terms of growth rate, value, and value share. By 2026 end, China is presumed to be the largest market for automotive bearings. SEAP is expected to represent a highly lucrative market in near future.
About Us
Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance.
To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.
Contact Us
Persistence Market Research
305 Broadway
7th Floor, New York City,
NY 10007, United States,
Telephone - +1-646-568-7751
USA – Canada Toll Free: 800-961-0353
Email: sales@persistencemarketresearch.com
Web: http://www.persistencemarketresearch.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Global Automotive Bearing Market; PMR Expects Global Revenues to Cross US$ 27 Bn by 2026 End here
News-ID: 1083975 • Views: …
More Releases from Persistence Market Research
Computer Numerical Control (CNC) Machines Market Forecast, Technological Advance …
Market Overview
The global Computer Numerical Control (CNC) machines market is witnessing robust growth as industries increasingly adopt advanced manufacturing technologies to boost precision, speed, and productivity. In 2023, the market was valued at US$6.2 billion and is forecast to expand at a CAGR of 9.5%, reaching US$11.7 billion by 2030. CNC machines, which automate control of machining tools through computer programming, have become an indispensable part of sectors such as…
Millimeter Wave Body Scanner Market to Witness Strong Demand Across Airports & P …
Market Overview
The millimeter wave body scanner market has emerged as a critical segment within global security technologies, particularly in high-risk environments such as airports, government buildings, and public event venues. These scanners utilize non-ionizing millimeter wave technology to detect concealed objects on a person's body without physical contact, delivering both enhanced accuracy and safety compared to older technologies like X-ray scanners. The increasing need for advanced threat detection systems, coupled…
Industrial Cooling System Market, Driving Efficiency and Reliability in Next-Gen …
Market Overview
The global industrial cooling system market is witnessing steady growth, driven by rising demand for energy-efficient solutions and expanding applications across industries such as manufacturing, oil & gas, chemicals, power generation, and data centers. Cooling systems are indispensable for maintaining operational efficiency, protecting sensitive machinery, and ensuring workforce safety in environments with extreme heat generation. According to recent projections, the market is expected to expand at a CAGR of…
Industrial Automation and Control System Market Insights, Innovations, Segments, …
Market Overview
The global industrial automation and control system market is experiencing rapid transformation as industries embrace digital technologies to boost productivity, reduce costs, and enhance operational efficiency. Valued at US$165.1 Bn in 2023, the market is projected to reach US$307.7 Bn by 2030, expanding at a strong CAGR of 9.3% during the forecast period. The increasing integration of advanced technologies such as artificial intelligence (AI), Internet of Things (IoT), robotics,…
More Releases for PMR
Starch Derivatives Market Outlook by 2021 : PMR
Starch derivatives, also known as modified starch, are prepared by enzymatically, physically or chemically treating native starch to alter its properties. Starch derivatives are used in a number of industries for various functions. They are used as thickeners and stabilizers in the food and beverage industry, as a tablet binder in the pharmaceutical industry, as an emulsifier in cosmetics, and fiber additive in the animal feed. Some of the other…
Yeast Ingredients Market Outlook by 2021 : PMR
Yeasts are chemoorganotrophs, as they use organic compounds to source energy and do not require sunlight for growth or survival. Yeasts are usually unicellular; although some species may be multi-cellular. The size of yeast depends on the species. Yeasts usually measure 3 to 4 µm in diameter. However, certain yeasts reach up to 40 µm in diameter. Yeasts reproduce asexually through mitosis (a process, in which, the chromosomes in a…
Confectionery Market Outlook by 2021 : PMR
The confectionery market is one of the growing sectors globally . Usually, confections are low in nutrients and high in calorie. Sugar-free confections are gaining popularity in the recent years due to factors such as increasing obesity rate, increasing number of diabetic patients, increasing nutritional and health concerns, and changing lifestyle. The confectionery market can be primarily divided into two broad categories: sugar confectionery and bakers’ confectionery . Sugar confectionery…
Cereal Bars Market Outlook by 2021 : PMR
A cereal bar is made up of nuts, oats, sugar, dry fruits, flour, honey, wheat, corn, and puffed rice. Cereal bars have always been perceived as on-the-go breakfast snack items that are healthier alternatives of chocolate and other snacks. Cereal bars are high in fiber and protein and low in carbohydrates, vitamins, minerals, sodium, and antioxidants. They come in various flavors such as chocolate, peanut butter, banana, caramel, banana, honey,…
Functional Flours Market Share by 2026 : PMR
The natural flours used for specialty applications in the food industry and undergoes different treatment process to improve their properties are called functional flours. The various properties of functional flours include cold binding capacity, thermal binding capacity, machinability, dough hydration etc. The functional flours are classified as waxy, multi-benefit, instant and granulated type depending on its features. They undergo different physical and nutritional treatment to enhance its features. In dietary…
Global Ceilings Market Snapshot by 2020 : PMR
Ceiling is overhead interior portion within the room which covers the upper portion of the room. Main purpose of ceiling is to achieve the desired height of the roof in the room. Ceilings are frequently decorated with attractive paintings, mosaic tiles and other different designs. Major advantage of decorated ceiling is that it gets protected from damage by fingers and dust. There are certain ceilings which are fire resistance; dropping…
