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A Deep Dive into Automotive Bearing and Clutch Component Aftermarket Market 2025: Key Drivers, Growth Factors, and Projections 2025-2034
Automotive Bearing and Clutch Component After Market Size Market Size
Over the past years, there has been a substantial growth in the size of the aftermarket market for automotive bearings and clutch components. Its expansion rate is expected to go from $5.24 billion in 2024 up to $5.55 billion in 2025, securing a compound annual growth rate (CAGR) of 5.9%. The surge during the historical period is said to be due to factors such as the improved accessibility and diversity of aftermarket parts, the blooming of the worldwide automotive industry, affordable production costs, preservation of older vehicles as a cost-saving measure, and the escalating necessity to substitute worn or damaged parts.
The market for automotive bearing and clutch component aftermarket is predicted to experience substantial growth in the coming years, reaching a size of $6.91 billion by 2029 with a 5.6% compound annual growth rate (CAGR). This growth is due to factors such as regular replacement of worn parts, changes in safety standards and emission regulations, commercial vehicle surge, efficient aftermarket distribution networks, and alterations in vehicle maintenance schedules or procedures. The forecast period is driven by several trends including the rising preference for electric cars, advancements in technology, a move towards online sales stores, heightened focus on performance and efficiency, and the emergence of hybrid cars.
What Is Stimulating Growth in the Automotive Bearing and Clutch Component Aftermarket Market?
The anticipated acceleration of the automotive bearing and clutch component aftermarket is largely attributed to the rising rates of vehicle ownership. The term 'vehicle ownership' pertains to the legal rights and control of a vehicle by a person or organization. Factors contributing to the surge in vehicle ownership include heightened urbanization, favorable economic circumstances, and advances in automotive technology. Automotive bearing and clutch components from the aftermarket are extensively utilized by vehicles for part replacement, performance enhancement, and lifespan extension, offering a cost-efficient solution for maintenance for both vehicle owners and mechanics. For example, Statistics Canada reported that in 2022, the total number of registered motor vehicles on Canadian roads escalated to 26.3 million, marking a slight 0.3% increase compared to the previous year. In the same year, the registration of electric vehicles comprised 3.0% of all light-duty vehicle registrations, showing a rise from 2.3% in 2021. Consequently, the upswing in vehicle ownership rates is fuelling the expansion of the automotive bearing and clutch component aftermarket.
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Which Key Market Leaders Are Driving Automotive Bearing and Clutch Component Aftermarket Industry Growth?
Major companies operating in the automotive bearing and clutch component afterMarket are ZF Friedrichshafen AG, Aisin Seiki Co. Ltd., Eaton Corporation plc, Valeo Clutch Private Limited, Schaeffler AG, Marelli Holdings SpA, BorgWarner Inc., JTEKT Corporation, Svenska Kullagerfabriken group, Nippon Seiko Kabushiki-gaisha (NSK) Ltd., Federal-Mogul Motorparts Ltd., New Technology Network (NTN) Corporation, Timken India Limited, RBC Bearings Inc., ILJIN Holdings Co. Ltd., Mahle GmbH, Nachi America Inc., Luoyang LYC Bearing Co. Ltd., Fábricas Europeo de Rodamientos SA (FERSA), ACDelco, C&U Americas Group
What Are the Emerging Trends in the Automotive Bearing and Clutch Component Aftermarket Industry?
Prominent businesses in the automotive bearing and clutch component aftermarket sector are concentrating their efforts on creating cutting-edge products like performance grease that provide superior lubrication and diminish friction. This special type of lubricant is intended for high-stress applications, limiting friction, degradation, and rust, while also enhancing the longevity of mechanical components. Take for example Apec Automotive, a US firm with expertise in brake systems and components, which introduced a fresh lineup of wheel bearing kits in March 2022. These kits aim to deliver complete solutions for wheel bearings and are permanently sealed with high-quality performance grease to ensure durability and peak performance. Each kit is complete with all necessary items, such as nuts, bolts, and circlips, making it a comprehensive and user-friendly package.
What Are the Main Segments in the Automotive Bearing and Clutch Component Aftermarket Market?
The automotive bearing and clutch component aftermarket market covered in this report is segmented -
1) By Product Type: Wheel Bearing, Clutch Actuators, Clutch Kit Components, Transmission Bearings, Differential Bearings
2) By Vehicle Type: Vans, Minivans, Pickup Trucks, Trucks, Busses, Three-Wheelers, Other Vehicle Types
3) By Sales Channel: Authorized Dealerships, Automotive Parts Retailers, Online Retail, Auto Repair Shops, Distributors And Wholesalers
Subsegments:
1) By Wheel Bearing: Front Wheel Bearings, Rear Wheel Bearings, Hub Assemblies
2) By Clutch Actuators: Hydraulic Clutch Actuators, Electric Clutch Actuators
3) By Clutch Kit Components: Clutch Discs, Clutch Pressure Plates, Clutch Release Bearings, Flywheels
4) By Transmission Bearings: Input Shaft Bearings, Output Shaft Bearings, Bearing Kits
5) By Differential Bearings: Pinion Bearings, Carrier Bearings, Side Bearings
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Which Geographic Area Leads the Automotive Bearing and Clutch Component Aftermarket Market?
North America was the largest region in the automotive bearing and clutch component afterMarket in 2024. The regions covered in the automotive bearing and clutch component afterMarket report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Automotive Bearing and Clutch Component Aftermarket Global Market Report?
- Market Size Analysis: Analyze the Automotive Bearing and Clutch Component Aftermarket Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Automotive Bearing and Clutch Component Aftermarket Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Automotive Bearing and Clutch Component Aftermarket Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Automotive Bearing and Clutch Component Aftermarket Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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