Press release
Automotive Bearing Market 2022 Global Major Suppliers Analysis, Income, Trends and Forecast to 2026
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.Request For Free Sample Report@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.
Request For Report Customization@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%.
For in-depth competitive analysis, buy now@https://www.persistencemarketresearch.com/checkout/22561
By Region
North America
Latin America
Europe
South East Asia & Pacific (SEAP)
China
Japan
Middle East and Africa (MEA)
Contact us:
Persistence Market Research
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
About us:
Persistence Market Research, as a 3rd-party research organization, does operate through an exclusive amalgamation of market research and data analytics for helping businesses ride high, irrespective of the turbulence faced on the account of financial/natural crunches.
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 Automotive Bearing Market 2022 Global Major Suppliers Analysis, Income, Trends and Forecast to 2026 here
News-ID: 2699596 • Views: …
More Releases from Persistence Market Research
U.S. Dishwasher Market to Reach US$ 12.8 Billion by 2032 - Persistence Market Re …
The U.S. dishwasher market is entering a strong growth phase supported by evolving consumer lifestyles, technological upgrades, and rising adoption of convenience-driven home appliances. As per recent industry estimates, the market is valued at US$ 8.2 billion in 2025 and is forecasted to reach US$ 12.8 billion by 2032, advancing at a CAGR of 6.6% between 2025 and 2032. This robust trajectory underscores how households and commercial establishments are increasingly…
U.S. & Canada Residential Ceiling Fan Market Set for Strong Growth Through 2032
The U.S. & Canada residential ceiling fan market is gearing up for a period of steady and promising expansion. Valued at US$5.6 billion in 2025, the market is projected to reach US$8.5 billion by 2032, driven by a healthy CAGR of 6.1% during the forecast period. With rising emphasis on energy efficiency, modern home aesthetics, and smart-home integration, ceiling fans are becoming indispensable components of residential comfort systems across North…
Europe Used Car Market to Hit US$503.1 Billion by 2031 as Key Players Like Auto1 …
The Europe used car market is undergoing a transformational shift driven by evolving consumer preferences, rising digitalization in automotive retail, and higher demand for cost-effective mobility solutions. According to Persistence Market Research, the market is projected to reach US$503.1 billion by 2031, rising from US$341.3 billion in 2024, with a steady CAGR of 5.7% from 2024 to 2031. This growth demonstrates how significantly the market is being shaped by factors…
Bike and Scooter Rental Market to Hit US$16.9 Billion by 2032 as Key Players Lik …
The global bike and scooter rental market is undergoing rapid transformation as urban mobility shifts toward shared, sustainable, and cost-efficient transportation solutions. According to Persistence Market Research, the market was valued at US$ 5.4 Bn in 2024 and is expected to expand from US$ 6.2 Bn in 2025 to US$ 16.9 Bn by 2032, reflecting an impressive CAGR of 15.5% between 2025 and 2032. This accelerated growth is being shaped…
More Releases for CAGR
[CAGR of 6.7%] Nanocoatings Market Size, Industry Share, CAGR, Regional Forecast …
The global Nanocoatings Market generated $10.7 billion in 2020, and is projected to reach $20.1 billion by 2030, growing at a CAGR of 6.7% from 2021 to 2030. The report provides an in-depth analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive scenario, and wavering market trends.
Download sample PDF @ https://www.alliedmarketresearch.com/request-sample/2064
According to the report published by Allied Market Research,…
[CAGR of 5.3%] Pigments Market Size, Industry Share, CAGR, Regional Forecast, 20 …
A recent report by Allied Market Research provides a detailed analysis of the pigments market, highlighting its robust growth. The industry was valued at $27.2 billion in 2022 and is projected to surge to $45.4 billion by 2032, exhibiting an impressive CAGR of 5.3% from 2023 to 2032.
This research report identifies the growth drivers behind the market's expansion and delves into the market dynamics using advanced analytical frameworks…
Enzymes Market Expansion CAGR of 4.9% CAGR Anticipated 2025-2034
The Enzymes Market report is an in-depth examination of the global Enzymes Market's general consumption structure, development trends, sales techniques, and top nations' sales. The research looks at well-known providers in the global Enzymes Market industry, as well as market segmentation, competition, and the macroeconomic climate. A complete Enzymes Market analysis takes into account a number of aspects, including a country's population and business cycles, as well as market-specific microeconomic…
Waterproofing Membranes Market is Projected Grow at CAGR of 8% CAGR by 2033
The waterproofing membranes market is anticipated to witness a Compound Annual Growth Rate (CAGR) of 8.0% over the forecast period. By 2023, the estimated market value for waterproofing membranes is substantial, reaching US$ 31.5 billion.
These waterproofing materials comprise thin, impermeable membranes designed to collaborate with asphalt, providing a protective shield for the structural integrity of buildings. The asphalt component in these membranes acts as a safeguard, preserving the underlying membrane…
Electric Bed Market CAGR, Size, Share Grow USD 2,063 Million by 2030 CAGR 13.70%
Global electric bed market size is expected to be worth roughly USD 2,063 million by 2030, growing at a CAGR of more than 13.7% during the projected timeframe of 2022-2030, according to Ameco Research
A significant portion of the population over the age of 60, who often have reduced immunity levels and are more susceptible to neurological disorders, cardiac issues, tumors, and spinal cord compression, is anticipated to have a substantial…
Pediatric Radiology Market Size will Grow at CAGR 7.7% CAGR during 2017-2026
Pediatric Radiology Market:Overview
The pediatric radiology market is likely to register robust growth in the near future. Chronic illnesses among children including neurological disorders such as ADHD are on the rise. According to the US labor bureau, the demand for pediatrician is expected to grow by 24% on average by 2020. This is the highest average growth among all professionals in the United States.
Despite challenges such as training for new…
