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Automotive Bearing Market 2018-2026 on the basis of product type, vehicle type, application, and sales distribution channel | AB SKF,JTEKT Corp.,Schaeffler AG,Federal-Mogul Corp.,NSK Ltd.,NTN Bearing Corporation,Rheinmetall AG,Wafangdian Bearing Group

Automotive Bearing Market 2018-2026 on the basis of product

Abstract:

Over an eight-year forecast period 2018-2026, the global automotive bearing market is projected to witness moderate growth at a 4.4% CAGR. According to a recently published research report by Persistence Market Research, the global market for automotive bearing registered a value worth US$ 18.47 Bn in 2017, which is poised to reach around US$ 27.02 Bn by the end of 2026. While exploding growth of the automotive industry is considered to be the key factor driving the demand for automotive bearings, Persistence Market Research has discovered a heap of other important factors and recently observed trends, which are foreseen to positively impact the performance of global automotive bearing market.

China Set to Outpace the European Market

As per the regional analysis in the report on the global automotive bearing market, Europe is currently the global leader, followed by China. Europe, the largest regional segment with nearly 24% share by value, is likely to face a slight decline by 2026 end, losing its market share to China. China, which is currently the second largest market in terms of revenue, is foreseen to witness strong growth over the next few years, gaining a significant market value share to become the largest regional market for automotive bearing by 2026 end. China is also identified to be the fastest growing market at an estimated CAGR of 5.2% over 2018-2026, capturing a value share of over 24%.

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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.

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.

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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)

Key Highlights of the Report

*A complete backdrop analysis, which includes an assessment of the parent market
*Important changes in market dynamics
*Market segmentation up to the second or third level
*Historical, current, and projected size of the market from the standpoint of both value and volume
*Reporting and evaluation of recent industry developments
*Market shares and strategies of key players
*Emerging niche segments and regional markets
*An objective assessment of the trajectory of the market
*Recommendations to companies for strengthening their foothold in the market

Table of Content

1. Executive Summary
1.1. Market Overview
1.2. Market Analysis
1.3. FMI Analysis and Recommendations
1.4. Wheel of Fortune

2. Market Introduction
2.1. Market Definition
2.2. Market Taxonomy
2.3. Parent Market Overview
2.4. Analyst Credentials
2.5. About PMR

3. Automotive Bearings Market Background
3.1. Macro-Economic Factors
3.1.1. Automotive Production Outlook By Region
3.1.2. Automotive Production Outlook By Manufacturers
3.1.3. Automotive Vehicle Parc Outlook By Region

4. Global Automotive Bearings Market Analysis 2013–2017 and Forecast 2018–2028
4.1. Market Volume Projections
4.2. Pricing Analysis
4.3. Market Size Projections
4.3.1. Y-o-Y Projections
4.3.2. Absolute $ Opportunity Analysis

5. Global Automotive Bearings Market Analysis 2013–2017 and Forecast 2018–2028, by Vehicle Type
5.1. Introduction
5.1.1. Market Value Share Analysis By Vehicle Type
5.1.2. Y-o-Y Growth Analysis By Vehicle Type
5.2. Historical Market Size (US$ Mn) and Volume By Vehicle Type, 2013–2017
5.3. Market Size (US$ Mn) and Volume Forecast By Vehicle Type, 2018-2028

6. Global Automotive Bearings Market Analysis 2013–2017 and Forecast 2018–2028, By Product Type
6.1. Introduction
6.1.1. Market Value Share Analysis By Product Type
6.1.2. Y-o-Y Growth Analysis By Product Type
6.2. Historical Market Size (US$ Mn) and Volume By Sales Channel, 2013–2017
6.3. Market Size (US$ Mn) and Volume Forecast By Sales Channel, 2018-2028

7. Global Automotive Bearings Market Analysis 2013–2017 and Forecast 2018–2028, By Application
7.1. Introduction
7.1.1. Market Value Share Analysis By Application
7.1.2. Y-o-Y Growth Analysis By Application
7.2. Historical Market Size (US$ Mn) and Volume By Sales Channel, 2013–2017
7.3. Market Size (US$ Mn) and Volume Forecast By Sales Channel, 2018-2028

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,
USA – Canada Toll Free: 800-961-0353
Email: sales@persistencemarketresearch.com
Web: http://www.persistencemarketresearch.com

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