openPR Logo
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: 246

More Releases from Persistence Market Research

Global Orthopedic Veterinary Implants Market 2022 to 2031 Available in New Resea …
The Orthopedic Veterinary Implants Market ought to witness an explicit In Upcoming Years. With geographical barriers out of sight, track-and-trace programs are on the verge to reach their zenith in the timespan mentioned above. This could be credited to OEMs trying to reach out to the end-users remotely through virtual setups. Plus, people are getting a broader choice regarding choosing the experts. This holds for preventive as well as curative
PET MRI Market to witness a CAGR of 9.8% from 2022 to 2029
According to Persistence Market Research (PMR), the Global PET MRI Market size will surpass US$ 338.9 Million in terms of market value by 2029, witnessing a CAGR of 9.8% from 2022 to 2029. PET (Positron Emission Tomography) is mostly used in neurological applications because it allows for high-resolution and three-dimensional imaging of physiological, functional, and molecular targets. PET MRI demand is expected to increase by 2029, with a rising preference
Sarcopenia Treatment Market Revenue to close to US$ 3.30 Bn with CAGR of 4.2% by …
Sarcopenia Treatment Market 2022 Global Sarcopenia Treatment Market to Witness High Revenue Growth in North America Followed by Europe: Persistence Market Research. According to the latest market report published by the company titled 'Sarcopenia Treatment Market: Global Industry Analysis 2013 - 2017 and Forecast, 2018 - 2026,' the global sarcopenia treatment market is projected to reach US$ 3,302.0 Mn by the end of 2026 and grow at a CAGR of 4.2% during the forecast period. Get Free Sample Copy
Global Cutting Equipment Market - Overview On Demanding Applications 2025
Persistence Market Research delivers key insights on the global cutting equipment and consumable/accessory market in its latest report titled 'Cutting Equipment Market: Global Industry Analysis (2012-2016) and Forecast (2017 - 2025)'. In this report, Persistence Market Research throws light on drivers and restraints likely to impact the market during the forecast period. In the latest report by PMR on global cutting equipment market, the forecast has been revised until 2025. In

All 5 Releases


More Releases for CAGR

Catalase Market : Research Observes Strong CAGR Development
The "Global Catalase Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2016 - 2024", report intends to offer a resourceful means to assess the Catalase Market and entails the all-inclusive analysis and upfront statistics with regards to the market. This new report is committed fulfilling the requirements of the clients by giving them thorough insights into the market. The Catalase Market report, titled Catalase Market, is expansive research
Citicoline Market | CAGR of 14.4%
The global Citicoline Market 2020 Report provides fine intelligence that helps market players to compete well against the tough competition on the basis of growth, sales and other various important factors. The research report lays stress on key growth opportunities and market trends apart from important market dynamics including market drivers and challenges. With the help of this report, involved parties can equip themselves to adapt along with the changes
Footwear Market : Research Observes Strong CAGR Development
The "Global Footwear Market Set for Rapid Growth, to Reach Around USD 320.44 Billion by 2023", report intends to offer a resourceful means to assess the Footwear Market and entails the all-inclusive analysis and upfront statistics with regards to the market. This new report is committed fulfilling the requirements of the clients by giving them thorough insights into the market. The Footwear Market report, titled Footwear Market, is expansive research
Xanthates Market CAGR to Grow at 4.7%
Persistence Market Research in its latest report projects that the global xanthates market will grow at a CAGR of 6.1% over the forecast period (2017-2025). Owing to Xanthates’ excellent mineral ore processing capabilities, its global sales have witnessed a significant rise in recent years. Mining complexity and declining ore quality have led to a major increase in demand for specialty chemicals to process ores. Towards the end of 2025, around
Global Serious Games Market Show 19.2% CAGR
A new report added by Allied Market Research, forecast that the global serious games market was valued at $2,731 million in 2016, and is projected to reach $9,167 million by 2023, growing at a CAGR of 19.2% from 2017 to 2023. The consumers segment is anticipated to grow at the highest rate during the forecast period. Asia-Pacific generated the highest revenue in the global serious games market in 2016 due to
Bioinsecticides market expecting CAGR 5.4%
Reports And Markets Publish a New Market Research Report On –"Bioinsecticides market- Growth, Trends, Forecast for the period (2017 - 2022)" Access Full Report With Table Of Contents @ https://www.reportsandmarkets.com/reports/1071910-global-bioinsecticides-market-growth-trends-forecast-for-the-period-2017-2022 Pesticides constitute the largest category within the market for crop protection chemicals, with biopesticides accounting for a comparatively minute share. Global consumption of synthetic insecticides is projected to reach 833.32 thousand tons by volume and USD 19.6 billion by value by 2020