Passenger Car Bearing & Clutch Component Aftermarket to Reach US$13.3 Bn by 2031 Driven by Growing Vehicle Age and Maintenance Demand

✅Rising Demand for Replacement Components Drives Steady 5.2% CAGR Growth Through 2031

According to the latest study by Persistence Market Research, the global passenger car bearing & clutch component aftermarket is projected to grow from US$9.3 Bn in 2024 to US$13.3 Bn by the end of 2031, expanding at a CAGR of 5.2%. This robust growth is attributed to the rising average age of passenger vehicles, increasing global vehicle fleet size, and growing consumer awareness about regular vehicle maintenance. The aftermarket industry for essential powertrain components like bearings and clutch systems plays a critical role in enhancing vehicle longevity and driving efficiency.

The passenger car bearing & clutch component aftermarket forms a vital segment of the global automotive aftermarket industry. Bearings and clutch components are critical for vehicle performance, ensuring smooth power transmission, reduced friction, and reliable engine-to-wheel connectivity. As vehicles age and accumulate mileage, these components require periodic replacement to maintain optimal performance and fuel efficiency. The growing population of used cars, especially in developing countries, is directly fueling the demand for cost-effective, high-performance replacement parts.

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Market statistics highlight that clutch components, particularly clutch plates and clutch release bearings, constitute the leading product segment due to their frequent wear and tear under normal driving conditions. Asia Pacific is the dominant region in the global market, driven by a massive and aging vehicle fleet in countries like India and China, rising disposable incomes, and expanding aftermarket networks. Additionally, the availability of low-cost parts and labor in the region makes maintenance and repairs more accessible, thereby increasing component replacement cycles.

✅Key Market Insights

➤ The market is driven by the growing vehicle parc and increasing average vehicle age, particularly in emerging markets.
➤ Clutch components are replaced more frequently than bearings, making them the highest revenue-contributing segment.
➤ Asia Pacific holds the largest market share due to cost-effective aftermarket ecosystems and high vehicle ownership rates.
➤ E-commerce platforms and digital supply chains are reshaping part distribution and accessibility.
➤ Manufacturers are increasingly investing in high-durability materials and advanced design technologies to meet aftermarket demand.

✅What are the key factors fueling growth in the passenger car bearing & clutch component aftermarket?

The passenger car bearing & clutch component aftermarket is experiencing growth due to several converging trends. One major factor is the increasing average age of vehicles on the road, which leads to a higher demand for replacement components. Additionally, the expanding middle class in emerging economies and growing vehicle ownership rates are pushing up aftermarket sales. Consumers are also becoming more proactive about preventive maintenance to enhance vehicle life and fuel economy. The affordability and wide availability of aftermarket components, especially through online platforms, are further accelerating market expansion globally.

✅Market Dynamics

Drivers: The primary driver of this market is the aging global vehicle fleet, particularly in developing economies where passenger cars remain in use for extended periods. With increased awareness around preventive maintenance and cost-efficient repairs, vehicle owners are replacing components like bearings and clutch systems at regular intervals. Another strong driver is the shift towards e-commerce platforms and digital supply chains, which offer greater accessibility to aftermarket parts, better pricing, and broader choices.

Market Restraining Factor: A key restraint is the rising penetration of electric vehicles (EVs), which typically use fewer or different types of drivetrain components, including fewer clutch-related parts. As the global automotive industry transitions to EVs, the demand for traditional clutch and bearing systems may slow down in the long term. Additionally, counterfeit or low-quality aftermarket parts pose a risk to consumer trust and brand reputation.

Key Market Opportunity: One of the most promising opportunities lies in technological innovation in aftermarket components. Manufacturers investing in durable, precision-engineered, and eco-friendly materials stand to gain competitive advantage. Moreover, increasing digitization and partnerships between OEMs and independent service providers are creating streamlined supply chains and value-added service offerings in the aftermarket space.

✅Market Segmentation

The passenger car bearing & clutch component aftermarket is segmented by component type, vehicle type, and sales channel. Based on component type, the market is divided into bearings (wheel bearings, engine bearings, transmission bearings) and clutch components (clutch plates, clutch release bearings, pressure plates, others). Among these, clutch plates and release bearings dominate due to their higher replacement frequency and critical role in gear transitions. Bearings, while essential, generally have a longer lifecycle and are often replaced less frequently unless exposed to rough driving conditions or poor maintenance.

By vehicle type, the market includes hatchbacks, sedans, SUVs, and luxury passenger cars. SUVs and sedans contribute the most to aftermarket sales, particularly in urban and semi-urban regions where commuting distances and vehicle usage are high. In terms of sales channels, the aftermarket is segmented into authorized repair shops, independent garages, and online platforms. Independent garages lead the market owing to cost competitiveness and widespread availability. However, online platforms are emerging rapidly as a preferred choice, especially among tech-savvy consumers seeking convenience and pricing transparency.

✅Regional Insights

Asia Pacific dominates the global aftermarket for passenger car bearings and clutch components, accounting for the largest share due to its sheer volume of vehicles, affordability of replacement services, and rapidly expanding automotive infrastructure. Countries such as India, China, and Indonesia are witnessing increased vehicle ownership and usage, leading to higher demand for maintenance and component replacement. Europe and North America follow closely, driven by a strong presence of aftermarket players, vehicle longevity trends, and mature service networks. Latin America and the Middle East & Africa are emerging markets, gradually growing due to increasing passenger car ownership and infrastructure development.

✅Competitive Landscape

The global market is moderately fragmented, with a mix of global manufacturers and regional aftermarket suppliers. Leading companies are focusing on product durability, performance efficiency, and online distribution models to gain an edge over competitors.

✅Company Insights

✦ Schaeffler Technologies AG & Co. KG
✦ NSK Ltd.
✦ SKF Group
✦ Valeo SA
✦ EXEDY Corporation
✦ NTN Corporation
✦ ZF Friedrichshafen AG
✦ FCC Co., Ltd.
✦ LuK GmbH & Co. KG
✦ Clutch Auto Limited
✦ National Engineering Industries Ltd. (NEI)

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✅Key Industry Developments

In recent years, several manufacturers have expanded their aftermarket offerings through regional partnerships and digital transformation. For example, ZF Aftermarket announced the integration of telematics and predictive maintenance tools to optimize clutch component replacement intervals. Similarly, Schaeffler has invested in training programs for independent garages in Asia and South America to promote the use of genuine aftermarket parts.

Additionally, companies are entering into collaborations with e-commerce giants and logistics providers to enhance last-mile delivery of replacement parts. NSK, for instance, has expanded its product catalog on digital platforms to reach rural and remote markets where access to physical repair shops is limited. These strategic moves are reinforcing the market's growth trajectory while improving customer experience.

✅Innovation and Future Trends

Future trends in the passenger car bearing and clutch component aftermarket will be shaped by technological upgrades and sustainability goals. The use of lightweight materials, improved friction resistance, and enhanced heat dissipation capabilities are key focus areas for product innovation. Additionally, smart diagnostics are being embedded in clutch systems to alert drivers of wear-and-tear, allowing timely replacements and preventing system failure.

Another growing trend is the rise of remanufactured components to support circular economy initiatives. These eco-friendly alternatives are gaining acceptance due to their affordability and lower environmental impact. Further, the integration of AI and predictive analytics in supply chain management will revolutionize inventory forecasting, ensuring component availability and reducing downtime. As the industry evolves, customer-centric, data-driven solutions will become the cornerstone of the aftermarket ecosystem.

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