Press release
Leading Element Driving Change in the Automotive Bearing and Clutch Component Aftermarket Market in 2025: Vehicle Ownership Rates Propel Growth Of The Automotive Bearing And Clutch Component AfterMarket Driver
Leading Element Driving Change in the Automotive Bearing and Clutch Component
The anticipated expansion of the automotive bearing and clutch component aftermarket is largely attributed to rising vehicle ownership. Essentially, vehicle ownership is defined as the legal ownership and control over a vehicle by an individual or an organization. Accelerated urbanization, enhanced economic conditions, and breakthroughs in automotive engineering are all contributing factors to increased vehicle adoption. Aftermarket automotive bearing and clutch components are used in vehicles to replace deteriorated parts, boost performance, and prolong their functionality, providing cost-efficient maintenance alternatives for both drivers and mechanics. For instance, Statistics Canada, a government agency in Canada, reported in November 2023 that the cumulative number of registered road motor vehicles in 2022 stood at 26.3 million, marking a marginal 0.3% increase from 2021. Furthermore, electric vehicles saw an increase in registrations in 2022, accounting for 3.0% of all light-duty vehicle registrations, up from 2.3% in 2021. Thus, the growth of the automotive bearing and clutch component aftermarket can be associated with the mounting rates of vehicle ownership.
Get Your Automotive Bearing and Clutch Component Aftermarket Market Report Here:
https://www.thebusinessresearchcompany.com/report/automotive-bearing-and-clutch-component-aftermarket-global-market-report
How will the growth rate of the automotive bearing and clutch component aftermarket market shape industry trends by 2034?
In recent times, the aftermarket sector for automotive bearing and clutch components has experienced significant growth. The market value, which was $5.24 billion in 2024, is projected to rise to $5.55 billion in 2025, marking a compound annual growth rate (CAGR) of 5.9%. The historic growth of this market is primarily due to factors such as the increased access to and diversity of aftermarket components, the expansion of the global vehicle industry, affordable manufacturing processes, the trend of preserving older vehicles as a cost-saving measure, and the continuous need for replacing deteriorated or damaged parts.
The market size of the automotive bearing and clutch component aftermarket is forecasted to witness robust expansion in the forthcoming years. It is projected to reach a valuation of $6.91 billion in 2029 with a compound annual growth rate (CAGR) of 5.6%. The predicted growth in the forecast period can be accredited to several factors such as regular replacement of worn out parts, modifications in emissions standards or safety regulations, surge in commercial vehicles, the effectiveness and reach of aftermarket distribution networks, and alterations in vehicle maintenance timelines or methodologies. The key trends foreseen within the forecast period are the escalating demand for electric autos, advancements in technology, a transition towards digital sales avenues, a concentration on efficiency and performance, and the emergence of hybrid vehicles.
Get Your Free Sample Now - Explore Exclusive Market Insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=17070&type=smp
What trends are poised to drive the future success of the automotive bearing and clutch component aftermarket market?
Major automotive bearing and clutch component aftermarket players are emphasizing on innovation, creating products like performance grease that enhances lubrication and cuts down friction. Performance grease, a special lubricant, can manage high-stress scenarios, decrease friction, and slow down wear and corrosion, thereby prolonging the life of mechanical parts. For example, Apec Automotive, an American manufacturer known for its braking systems and components, introduced a new series of wheel bearing kits in March 2022. These kits provide a comprehensive solution for wheel bearings and are pre-lubricated with high-performance grease to ensure resilience and optimal functioning. Furthermore, each kit is presented as a complete package including all necessary accessories like nuts, bolts, and circlips for convenience.
Which primary segments of the automotive bearing and clutch component aftermarket market are driving growth and industry transformations?
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
Unlock Exclusive Market Insights - Purchase Your Research Report Now!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=17070
Which geographical regions are pioneering growth in 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.
Who are the influential players reshaping the automotive bearing and clutch component aftermarket market landscape?
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 Seikō 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
Customize Your Report - Get Tailored Market Insights!
https://www.thebusinessresearchcompany.com/customise?id=17070&type=smp
What Is Covered In The Automotive Bearing and Clutch Component Aftermarket Global Market Report?
•Market Size Forecast: Examine the automotive bearing and clutch component aftermarket market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the automotive bearing and clutch component aftermarket market for a structured understanding.
•Key Players Overview: Analyze major players in the automotive bearing and clutch component aftermarket market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the automotive bearing and clutch component aftermarket market.
•Segment Contributions: Evaluate how different segments drive overall growth in the automotive bearing and clutch component aftermarket market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the automotive bearing and clutch component aftermarket market.
•Industry Challenges: Identify potential risks and obstacles affecting the automotive bearing and clutch component aftermarket market.
•Competitive Landscape: Review strategic developments in the automotive bearing and clutch component aftermarket market, including expansions, agreements, and new product launches.
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Learn More About The Business Research Company
With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead.
Our flagship product, the Global Market Model (GMM), is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making.
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 Leading Element Driving Change in the Automotive Bearing and Clutch Component Aftermarket Market in 2025: Vehicle Ownership Rates Propel Growth Of The Automotive Bearing And Clutch Component AfterMarket Driver here
News-ID: 3921139 • Views: …
More Releases from The Business research company
Segment Evaluation and Major Growth Areas in the Personalized Testing and Supple …
The personalized testing and supplements sector is gaining remarkable traction, driven by advancements in technology and a rising consumer focus on tailored health solutions. As more individuals seek customized wellness options, this market is set to experience substantial expansion in the coming years. Here's an in-depth look at its current valuation, key players, significant trends, and the main market segments shaping its future.
Market Valuation and Expansion Forecast for Personalized Testing…
Top Players and Market Competition in the Skin Microbiome Industry
The skin microbiome market is emerging as a significant area of interest due to growing awareness about the critical role of skin health and innovative skincare technologies. As research advances and consumer preferences shift towards more natural and science-backed products, this market is set to undergo substantial growth. Let's explore the current market size, key players, driving factors, and upcoming trends shaping the skin microbiome industry.
Projected Expansion in the Skin…
Key Strategic Developments and Emerging Changes Shaping the Upadacitinib Market …
The upadacitinib market is poised for significant expansion over the coming years, driven by advances in treatment options and increasing awareness of autoimmune diseases. This report delves into the market's current size, key drivers, major players, and the emerging trends shaping its future trajectory.
Steady Growth Expected in Upadacitinib Market Size Through 2029
The market for upadacitinib is projected to reach $2.54 billion by 2029, growing at a robust compound annual…
Analysis of Key Market Segments Driving the Alzheimer's Disease Diagnostic Marke …
The Alzheimer's disease diagnostic sector is rapidly evolving as advancements in technology and healthcare infrastructure open new possibilities for early detection and personalized treatment. With rising awareness and innovative approaches, this market is poised for significant growth in the coming years. Let's explore the current market size, key drivers, leading companies, and emerging trends that are shaping this critical healthcare field.
Projected Market Size and Growth Trends in Alzheimer's Disease Diagnostics…
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…
