Press release
Automotive Wheel Hub Bearing Aftermarket on Track to Surpass US$ 1.81 Billion by 2033
Global aftermarket automotive wheel hub bearing sales are set to total over US$ 1,114.2 million in 2023, as per Future Market Insights (FMI). The Automotive Wheel Hub Bearing Aftermarket is expected to expand at a value CAGR of 5.0% from 2023 to 2033, reaching a valuation of US$ 1,810.7 million by 2033.Rising demand for vehicles is a prominent factor driving growth in the automotive wheel hub bearing aftermarket.
Growing economies and improved access to financing options have contributed to higher vehicle ownership rates in several regions. This in turn is creating a conducive environment for the development of the target market.
Explore the Rising Demand for Aftermarket Wheel Hub Bearings due to Wear and Tear. Get Insights from Our Comprehensive Sample Report on Automotive Aftermarket Trends:
https://www.futuremarketinsights.com/reports/sample/rep-gb-17337
Over time, wear and tear, environmental factors, and general usage can lead to the deterioration of wheel hub bearings, necessitating replacements. As the global vehicle fleet continues to age, demand for aftermarket wheel hub bearings is likely to rise rapidly.
Development of new automotive wheel hub bearings integrated with novel technologies is another key factor boosting the market.
In terms of the sales channel, Original Equipment Manufacturers (OEMs) play a significant role in the aftermarket for automotive wheel hub bearings.
Wheel hub bearings must comply with strict quality standards to be manufactured and supplied by original equipment manufacturers. By creating high-quality bearings, OEMs increase consumer confidence and ensure that replacement components are dependable and perform at their peak levels.
Wheel hub bearing warranties are typically provided by original equipment manufacturers. Customers are more confident thanks to this warranty coverage because they are protected against manufacturing flaws or premature failures. These aspects are likely to foster a positive environment to drive the market throughout the projection period.
Key Takeaways:
The worldwide demand for aftermarket automotive wheel hub bearings is forecast to thrive at0% CAGR through 2033.
By product type, ball bearing segment holds a dominant share of around 0% in 2023.
Based on sales channel, the independent aftermarket segment is expected to progress at 0% CAGR through 2033.
By vehicle type, IC engine segment is estimated to have a dominant share of around 2% in 2023.
The United States automotive wheel hub bearing aftermarket value is expected to reach US$ 215 million by 2033.
Demand in China for automotive wheel hub bearings in the aftermarket is likely to rise at 8% CAGR.
Israel aftermarket is anticipated to exhibit a CAGR of 7% from 2023 to 2033.
"Demand for automotive wheel hub bearings in the aftermarket is growing, primarily motivated by the requirements of an aging global vehicular fleet. Regulatory standards are also undergoing constant updates to provide better safety to consumers. Offering protection through warranties and other schemes are likely to benefit suppliers of aftermarket automotive wheel hub bearings by increasing consumer confidence," - says a lead analyst at Future Market Insights (FMI).
Didn't get the data you are looking for? Our experts provide you customized reports:
https://www.futuremarketinsights.com/customization-available/rep-gb-17337
Who is Winning?
The automotive wheel hub bearing aftermarket is moderately consolidated with few top companies holding around 40% to 45% of the market shares. These players are likely to invest in new technology developments and expansion of their distribution networks to maintain their market presence.
Few of the key players in this industry include Continental AG, Tenneco Inc., Schaeffler AG, Mahle GmbH, The Timken Company, NSK Ltd., JTEKT Corp, Rheinmetall AG, NTN Corporation, NRB bearings Ltd., Nachi-Fujikoshi Corp., and others.
Recent developments:
In 2019, a next-generation durable bearing was introduced by JTEKT Corporation that is intended for use in harsh conditions.
Find More Valuable Insights:
The research report analyzes the demand for automotive wheel hub bearings in the aftermarket. The global automotive wheel hub bearing aftermarket has been analyzed with the COVID-19 impact, various macroeconomic factors, market trends, and market background.
As per Future Market Insights (FMI), the aftermarket has been analyzed based on product type, vehicle type, inner diameter, sales channel, and Region. The report provides qualitative and quantitative information on various players in this market. This report also tracks the market by both supply-side and demand factors.
Ask our expert Analyst:
https://www.futuremarketinsights.com/ask-question/rep-gb-17337
Key Segmentations:
By Vehicle Type:
EV
Passenger Car
LCV
HCV
IC Engine
Passenger Car
LCV
HCV
Two Wheelers
EV
IC Engine
By Inner Diameter:
12 mm to 25 mm
26 mm to 50 mm
51 mm to 100 mm
Above 100 mm
By Product Type:
Ball Bearing
Tapered Roller Bearing
Cylindrical Roller Bearing
Angular Contact Ball Bearings
Needle Roller Bearings
By Sales Channel:
Original Equipment Manufacturer (OEM)
Independent Aftermarket
By Region:
North America
Latin America
Western Europe
Eastern Europe
Central Asia
Russia & Belarus
Balkan & Baltics Countries
East Asia
South Asia & Pacific
Middle East & Africa
Explore FMI's Comprehensive Coverage of the Automotive Landscape
Automotive ECU Market:
https://www.futuremarketinsights.com/reports/automotive-ecu-market
EV Charging Cables Market:
https://www.futuremarketinsights.com/reports/ev-charging-cables-market
Micro-mobility Charging Infrastructure Market:
https://www.futuremarketinsights.com/reports/micro-mobility-charging-infrastructure-market
Contact Us:
Future Market Insights, Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware - 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
About Future Market Insights (FMI):
Future Market Insights, Inc. (ESOMAR certified, Stevie Award - recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10 years.
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 Wheel Hub Bearing Aftermarket on Track to Surpass US$ 1.81 Billion by 2033 here
News-ID: 3171543 • Views: …
More Releases from Future Market Insights Inc.
Global Inherited Orphan Blood Disorders Therapeutics Market to Grow at 9.0% CAGR …
The global market for Inherited Orphan Blood Disorders Therapeutics is poised for substantial growth over the next decade, with projections estimating the market to expand from USD 1.8 billion in 2025 to USD 4.2 billion by 2035. This represents a compound annual growth rate (CAGR) of 9.0%, reflecting the increasing need for targeted therapeutic solutions for rare genetic blood disorders.
Inherited orphan blood disorders, such as sickle cell anemia, thalassemia, and…
The Cardiovascular Surgical Devices Market: A Key Focus on Growth and Innovation …
The cardiovascular surgical devices market is undergoing a dynamic transformation, offering significant opportunities for healthcare providers, medical device manufacturers, and patients alike. With an estimated market value of USD 57.9 billion in 2025, the sector is projected to experience robust growth, reaching USD 122.7 billion by 2035. This impressive expansion, at a compound annual growth rate (CAGR) of 7.8%, is propelled by a convergence of factors including the rising incidence…
Surgical Heart Valves Market Poised for Unprecedented Growth, Projected to Reach …
The surgical heart valves market is entering a new era of expansion, projected to grow from USD 8,897.2 million in 2025 to a staggering USD 36,625.0 million by 2035. With a remarkable compound annual growth rate (CAGR) of 15.2% during the forecast period, the sector is set to be one of the fastest-growing segments within the global cardiovascular medical devices industry. As the world grapples with rising cardiovascular disease rates…
Paediatric Oncology Therapeutics Market Set for Robust Growth, Projected to Reac …
The global paediatric oncology therapeutics market is poised for significant growth, with a projected compound annual growth rate (CAGR) of 8.0%, reaching a market value of USD 6.3 billion by 2035, up from USD 2.9 billion in 2025. This surge is driven by the increasing prevalence of childhood cancers and the escalating demand for advanced, age-specific treatment options.
As the global incidence of paediatric cancers rises, the need for effective, safe,…
More Releases for Bearing
Motor Rolling Bearing Market | Aurora Bearing, CCTY Bearing, Emerson Bearing, FK …
The global motor rolling bearing market report is a comprehensive report that provides a detailed analysis of the current status and future trends of the motor rolling bearing market worldwide. This report provides valuable information to industry stakeholders by offering an in-depth perspective on market dynamics, competitive landscape, growth opportunities, and key challenges faced by industry participants.
From the perspective of market dynamics, this report explores the factors driving the growth…
Motor Joint Bearing Market | Aurora Bearing, CCTY Bearing, Emerson Bearing, FK B …
The global motor joint bearing market report is a comprehensive report that provides a detailed analysis of the current status and future trends of the motor joint bearing market worldwide. This report provides valuable information to industry stakeholders by offering an in-depth perspective on market dynamics, competitive landscape, growth opportunities, and key challenges faced by industry participants.
From the perspective of market dynamics, this report explores the factors driving the growth…
Wind Turbine Bearing Market Outlook to 2025 - NTN Bearing, Timken Company, AB SK …
The Wind Turbine Bearing Market research report analyzes factors affecting market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive Poter's five forces analysis.
Increasing number of wind farms around the world, day by day developing technologies in the field of wind energy, and growing advancement in wind turbine equipment's…
Global Machine Tool Bearing Market 2019 Top Key Players: Timken, Schaeffler, Luo …
Summary
WiseGuyReports.com adds “Machine Tool Bearing Market 2019 Global Analysis, Growth, Trends and Opportunities Research Report Forecasting to 2024” reports to its database.
This report provides in depth study of “Machine Tool Bearing Market” using SWOT analysis i.e. Strength, Weakness, Opportunities and Threat to the organization. The Machine Tool Bearing Market report also provides an in-depth survey of key players in the market which is based on the various objectives of an…
Global Automotive Generation 3 Hub Bearing Market 2017 : Harbin Bearing, ILJIN, …
A market study based on the "Automotive Generation 3 Hub Bearing Market" across the globe, recently added to the repository of Market Research, is titled ‘Global Automotive Generation 3 Hub Bearing Market 2017’. The research report analyses the historical as well as present performance of the worldwide Automotive Generation 3 Hub Bearing industry, and makes predictions on the future status of Automotive Generation 3 Hub Bearing market on the basis…
Global Groove Ball Bearing Market 2017 : Aoyama, Harbin bearing, Lily Bearing, E …
The Groove Ball Bearing market report covers forecast and analysis for the Groove Ball Bearing market on a global and regional level. The Groove Ball Bearing industry report provides historic data of 2015 along with a Groove Ball Bearing market forecast from 2015 to 2021 based on Groove Ball Bearing industry volume and Groove Ball Bearing revenue (USD Million). The Groove Ball Bearing includes Growth Drivers, Competitive Landscape for the…
