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Global Automotive Bearing and Clutch Component Aftermarket Market Outlook 2025-2034: Trends, Innovations, And Future Outlook
Automotive Bearing and Clutch Component Aftermarket
What Is the Automotive Bearing and Clutch Component Aftermarket Market Size and Projected Growth Rate?
The automotive bearing and clutch component aftermarket market has grown steadily, expected to rise from $5.24 billion in 2024 to $5.55 billion in 2025 at a CAGR of 5.9%. Past growth was driven by broader availability of aftermarket parts, global auto sector growth, affordable manufacturing, cost-conscious maintenance of older cars, and demand for replacements.
The automotive bearing and clutch component aftermarket market is anticipated to grow to $6.91 billion in 2029 at a CAGR of 5.6%, driven by part replacements, regulation changes, commercial vehicle demand, aftermarket distribution, and evolving maintenance practices. Trends include EV growth, online sales shift, performance focus, and hybrid adoption.
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What Are the Major 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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What Are The Driving Automotive Bearing and Clutch Component Aftermarket Market Evolution?
Increasing vehicle ownership rates are expected to propel the growth of the automotive bearing and clutch component aftermarket. Vehicle ownership is on the rise due to urbanization, economic growth, and advancements in automotive technology. Aftermarket automotive bearing and clutch components help replace worn-out parts, enhancing performance and extending the vehicle's lifespan. Statistics Canada reported in November 2023 that the number of registered vehicles in Canada reached 26.3 million in 2022, up 0.3% from 2021.
Which Firms Dominate The Automotive Bearing and Clutch Component Aftermarket Market Segments?
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 Seik? 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 Trends Are Driving Growth in The Automotive Bearing and Clutch Component Aftermarket Market?
Leading companies in the automotive bearing and clutch component aftermarket are concentrating on creating innovative products like performance grease to provide better lubrication and reduce friction. Performance grease is a specialized lubricant designed for high-stress situations, helping to minimize wear, corrosion, and friction, while also prolonging the lifespan of mechanical parts. For example, in March 2022, Apec Automotive, based in the U.S. and known for its braking systems and components, introduced a new line of wheel bearing kits offering a complete wheel bearing solution. These kits come sealed with high-performance grease for durability and optimal performance, along with all necessary accessories, such as nuts, bolts, and circlips, making them a convenient package.
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Which Is The Largest Region 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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Automotive Bearing and Clutch Component Aftermarket Market?
2. What is the CAGR expected in the Automotive Bearing and Clutch Component Aftermarket Market?
3. What Are the Key Innovations Transforming the Automotive Bearing and Clutch Component Aftermarket Industry?
4. Which Region Is Leading the Automotive Bearing and Clutch Component Aftermarket Market?
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