Press release
The Automotive Bearing Market all set to welcome shared, yearly updated and connected automotives
To remain 'ahead' of your competitors, request for a Sample@ https://www.persistencemarketresearch.com/samples/22561
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.
For critical insights on this market, request for customization here @ https://www.persistencemarketresearch.com/request-customization/22561
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)
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.
For in-depth competitive analysis, buy now@ https://www.persistencemarketresearch.com/checkout/22561
Related Reports:
Aerospace Bearings Market
https://www.persistencemarketresearch.com/market-research/aerospace-bearings-market.asp
The estimated value of the aerospace bearing market in 2018 is US$ 5,979.3 Mn. The market is expected to expand at a CAGR of 7.2% and reach US$ 10,396.6 Mn by the end of 2026.
Automotive Filters Market
https://www.persistencemarketresearch.com/market-research/automotive-filters-market.asp
Global Automotive Filters Market study report offers comprehensive data and information about the important market dynamics and associated growth parameters.
Contact Us:
Address - 305 Broadway, 7th Floor, New York City, NY 10007 United States
U.S. Ph. - +1-646-568-7751
USA-Canada Toll-free - +1 800-961-0353
Sales - sales@persistencemarketresearch.com
Website - https://www.persistencemarketresearch.com
About us:
Persistence Market Research is here to provide companies a one-stop solution with regards to bettering customer experience. It does engage in gathering appropriate feedback after getting through personalized customer interactions for adding value to customers' experience by acting as the "missing" link between "customer relationships" and "business outcomes'. The best possible returns are assured therein.
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 The Automotive Bearing Market all set to welcome shared, yearly updated and connected automotives here
News-ID: 2591413 • Views: …
More Releases from Persistence Market Research
Soft Drinks Packaging Market to Reach US$120.0 Billion by 2033 - Persistence Mar …
The soft drinks packaging market plays a central role in the global beverage industry, serving carbonated drinks, juices, flavored water, energy drinks, and ready to drink teas and coffees. Packaging is no longer limited to containment and transportation; it has evolved into a critical component of branding, sustainability strategy, consumer convenience, and supply chain efficiency. Manufacturers are increasingly focusing on lightweight materials, recyclable packaging formats, and innovative designs that improve…
Christmas Tree Valves Market Size to Reach US$8.1 Billion by 2033 - Persistence …
The Christmas Tree Valves Market plays a critical role in the upstream oil and gas industry, serving as a central component in wellhead equipment systems. Christmas tree valves are installed on oil and gas wells to control pressure, regulate flow, and ensure safe extraction of hydrocarbons. These assemblies, commonly referred to as "Christmas trees," consist of multiple valves, spools, and fittings arranged in a structure that resembles a decorated tree.…
Asia Pacific De-aromatic Solvents Market to Reach US$1,120.2 Million by 2033 - P …
The Asia Pacific De-aromatic Solvents Market is gaining steady momentum as industries across the region increasingly shift toward low aromatic, high purity solvent formulations. De-aromatic solvents are hydrocarbon solvents that have significantly reduced aromatic content, making them suitable for applications requiring low odor, lower toxicity, and improved environmental performance. These solvents are widely used in paints and coatings, adhesives, inks, metalworking fluids, agrochemicals, and cleaning formulations. As regulatory scrutiny around…
Off-Highway Radiators Market to Reach US$ 7.2 Bn by 2033 as Leading Players Like …
The off-highway radiators market plays a vital role in ensuring efficient thermal management in heavy-duty equipment used across construction, agriculture, mining, and forestry sectors. These radiators regulate engine temperatures, prevent overheating, and support consistent equipment performance under extreme operating conditions. Growing mechanization and the expansion of infrastructure projects worldwide are increasing reliance on durable cooling systems. Equipment manufacturers are prioritizing high-performance radiators that offer reliability, longer service life, and resistance…
More Releases for Automotive
Automotive Grommet Market set for explosive growth: Cooper Standard Automotive, …
According to HTF MI, "Global Automotive Grommet Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2030". The Global Automotive Grommet Market is anticipated to grow at a compound annual growth rate (CAGR) of 5.96% from 2024 to 2030, reaching USD 100 Billion in 2024 and USD 150 Billion by 2030.
Automotive grommets are protective rings or eyelets made from rubber or plastic, used to protect or cover holes in metal…
KSA Automotive Market | KSA Automotive Industry | KSA Automotive Industry Resear …
Saudi Arabia’s automotive market faced a decline in new car sales due to tripling of value-added tax (VAT) rates. Effective in July 1, 2020, Saudi Arabia hiked its VAT from 5% to 15%.
Vision 2030 trying to attract foreign investment to kick start Dammam manufacturing city to aid re-exports & fulfill domestic demand
Surge in Domestic Manufacturing to gain independence of Imports: With Vision 2030, KSA is trying to gain impendence of…
Automotive Fuel Injectors Market: Growing Automotive Sales Fueling Automotive Fu …
Automotive fuel injectors market is likely to grow at a steady pace in the long run, according to a new report by Fact.MR. The demand for automotive fuel injectors continues to remain influenced with a multitude of industry-specific and macroeconomic factors. Significant growth in the automotive sector, coupled with increasing vehicle fleet remain instrumental in driving the demand for automotive fuel injectors worldwide. Fact.MR estimates that the sales of automotive fuel injectors are expected…
Global Automotive Safety Market 2019 Worldwide Outlook By Autoliv, Delphi Automo …
Automotive safety systems are designed to comply with the standards and regulations prescribed by government agencies and transport authorities worldwide. Passive safety systems are designed to protect passengers, drivers, and pedestrians during an accident.
In terms of region, the global Automotive Passive Safety Systems market can be segmented into North America, Europe, Asia Pacific, and Middle East & Africa. Asia Pacific is likely to hold a prominent share of the global…
Global Oil Pump for Automotive Market 2018 Analysis -Bosch,Denso,Aisin Seiki,Del …
According to this study, over the next five years the Oil Pump for Automotive market will register a xx% CAGR in terms of revenue, the global market size will reach US$ xx million by 2023, from US$ xx million in 2017. In particular, this report presents the global market share (sales and revenue) of key companies in Oil Pump for Automotive business.
Get Sample Copy of this Report for more Information…
Global Automotive Body Welded Assembly Market 2018 - Daesan, Baylis Automotive, …
Accord Market, recently published a detailed market research study focused on the “Automotive Body Welded Assembly Market” across the global, regional and country level. The report provides 360° analysis of “Automotive Body Welded Assembly Market” from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global PP Pipe industry, and estimates the future trend of…
