Automotive Engine Bearings Market to Rear Excessive Growth During 2017- 2027
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The automobile engine parts and components have high wear and tear rate owing to its continuous operation to power the vehicle. The robust operation of the engine bearings is achieved if the material of construction possesses the properties such as high strength (wear resistance, cavitation resistance and load capacity) and softness (conformability, compatibility and embeddability).
Global Automotive Engine Bearings Market: Dynamics
The market for automotive engine bearings exhibits a huge potential to grow, owing to the development and growth in the overall automotive sector. Moreover, in developed nations, high standard of living and rising disposable incomes have enabled consumers to use vehicles, which have all the aftermarket products fitted for the effective use of automobiles. Furthermore, growth in production of automobiles, is in turn, expected to fuel the growth of the automotive engine bearings market over the forecast period. The development in technology and research & development to produce more strong materials, which can sustain more load is also estimated to bolster the automotive engine bearings market growth. The replacement rate of the automotive engine bearings is high and thus automotive aftermarket holds a significant share in the automotive engine bearings market.
Global Automotive Engine Bearings Market: Segmentation
The automotive engine bearings market can be segmented on the basis of product type, sales channel and vehicle type.
By product type, the global automotive engine bearings market can be segmented as:
By sales channel,the global automotive engine bearings market can be segmented as:
Original Equipment Manufacturers
By vehicle type, the global automotive engine bearings market can be segmented as:
Light Commercial Vehicles
Heavy Commercial Vehicles
Global Automotive Engine Bearings Market: Regional Outlook
Asia Pacific and North America hold major shares in global automotive engine bearings market owing to the large number of automobiles present in these regions. Consumers tend to equip their vehicles with durable and robust parts so that their vehicle is in good condition and also to avoid breakdown of engines. These conditions are expected to act as catalysts for the growth of the overall automotive engine bearings market over the forecast period. The BRICS (Brazil, Russia, India, China and South Africa) nations, which are the target markets of the automobile manufacturers will contribute significantly to the growth of the overall automotive engine bearings market over the forecast period. The automotive engine bearings market is projected to grow with a noteworthy CAGR owing to the increasing adoption of these systems in motorcycles and bikes globally.
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Global Automotive Engine Bearings Market: Market Participants
Examples of some of the market participants in the global Automotive Engine Bearingsmarket identified across the value chain include:
Nachi Fujikoshi Corp.
MAHLE Aftermarket Inc.
Minebea Co., Ltd.
SNL Bearings Ltd.
NSK Ltd. King Engine Bearings, Inc.
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