Automotive Wheel Bearing Aftermarket Gears Up for Growth with Rising Vehicle Maintenance Demand

Demand for automotive wheel bearings in the aftermarket is expected to grow steadily from 2025 to 2035, driven by growing global vehicle fleet coupled with rising awareness towards maintaining vehicle performance and demand for cost-effective replacement parts. Regular maintenance and replacement of these wheel components are vital for the performance and safety of passenger cars, commercial vehicles, and heavy-duty vehicles are expected to profit the most from this trend.

In 2025, the market is valued at USD 1,564.2 million, and it is expected to reach USD 2,271.2 million by 2035, growing at a compound annual growth rate (CAGR) of 3.8% during the forecast period. The rising number of vehicles, especially in developing countries, is expected to be a major driver of growth for the aftermarket wheel bearings market.

The global Automotive Wheel Bearing Aftermarket is witnessing robust growth, fueled by increasing vehicle age, rising demand for replacement parts, and advancements in bearing technology. As the automotive industry continues to evolve, the aftermarket sector is expanding to meet consumer needs for high-performance and durable wheel bearings.

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Key Takeaways:

• Growing vehicle parc and aging vehicle population driving demand for wheel bearing replacements.
• Increased preference for high-quality, corrosion-resistant, and long-lasting bearings.
• Advancements in bearing technology, including low-friction and self-lubricating designs.
• Asia-Pacific dominates the market, with strong demand in North America and Europe.
• Rising penetration of e-commerce platforms in the automotive aftermarket sector.

Key Drivers:

• Increased Vehicle Longevity- Extended vehicle lifespans boost demand for replacement parts.
• Growth in DIY and DIFM Segments- Rising consumer interest in do-it-yourself (DIY) repairs and do-it-for-me (DIFM) services.
• Technological Advancements- Enhanced materials and design innovations improving bearing performance.
• Expanding E-Commerce Channels- Online marketplaces driving accessibility and affordability of wheel bearings.
• Rise in Electric Vehicles (EVs)- EV-specific bearings gaining traction with increased adoption.

Growth Opportunities:

• Development of hybrid and electric vehicle-compatible wheel bearings.
• Expansion of digital sales platforms and direct-to-consumer models.
• Introduction of eco-friendly and sustainable bearing solutions.
• Increasing focus on predictive maintenance and smart sensor integration.
• Partnerships between OEMs and aftermarket suppliers for enhanced product availability.

Application Areas:

• Passenger Vehicles- Sedans, SUVs, and compact cars requiring frequent wheel bearing replacements.
• Commercial Vehicles- Heavy-duty trucks and buses demanding high-durability bearings.
• Electric & Hybrid Vehicles- Specialized wheel bearings optimized for EV performance.
• Off-Road and Performance Vehicles- Bearings designed for extreme conditions and high-speed applications.

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Key Players:

• SKF Group
• NTN Corporation
• Timken Company
• NSK Ltd.
• Schaeffler AG
• JTEKT Corporation
• ILJIN Co., Ltd.
• Nachi-Fujikoshi Corp.
• Mevotech LP
• Wuxi FSK Transmission Bearing Co., Ltd.

Market Segmentation:

• By Bearing Type:Ball Bearings, Roller Bearings, Others
• By Vehicle Type:Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles
• By Distribution Channel:OEM, Aftermarket, Online Retail
• By Region:North America, Europe, Asia-Pacific, Latin America, Middle East & Africa

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This release was published on openPR.