Passenger Car Bearing & Clutch Component Aftermarket to Surpass US$13.3 Bn by 2031 Amid Rising Vehicle Age and DIY Maintenance Trends

✅Overview of the Market

According to the latest study by Persistence Market Research, the passenger car bearing & clutch component aftermarket is poised to grow from US$9.3 Bn in 2024 to US$13.3 Bn by 2031, registering a steady CAGR of 5.2% over the forecast period. This market encompasses a wide array of aftermarket components, including clutch plates, pressure plates, release bearings, and various types of wheel and transmission bearings, which are critical for the smooth functioning of a vehicle's drivetrain and handling systems. As global passenger vehicle fleets continue to age and vehicle ownership rises in emerging markets, demand for replacement parts like bearings and clutch components is surging.

Growth is further fueled by the rising popularity of do-it-yourself (DIY) vehicle maintenance, increasing vehicle longevity, and growing awareness among vehicle owners regarding performance and fuel efficiency. The clutch component segment is expected to dominate in value terms due to its relatively higher replacement frequency and cost. Asia Pacific emerges as the leading regional market, driven by the substantial car parc in China and India, where high usage intensity and rapid urbanization contribute to frequent wear and tear of these components. The availability of cost-effective aftermarket solutions and increasing penetration of independent repair shops also strengthen the regional growth trajectory.

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✅Key Market Insights

➤ The aftermarket demand is driven by the growing global average age of passenger vehicles, now surpassing 11 years in key regions.
➤ Clutch components outpace bearings in terms of market value, owing to more frequent replacement cycles.
➤ Asia Pacific holds the largest share, backed by the large volume of older vehicles and cost-conscious consumers.
➤ Rising consumer preference for independent garages over authorized service centers is boosting aftermarket sales.
➤ Digital platforms and e-commerce are enabling easier access to quality aftermarket components globally.

✅What is driving demand in the passenger car bearing & clutch component aftermarket?

Demand in the aftermarket is largely driven by the aging global vehicle fleet and increasing cost-consciousness among vehicle owners. As vehicles are kept in operation for longer durations, the need for periodic replacement of critical components such as bearings and clutches increases. These components endure considerable mechanical stress and wear over time, prompting their replacement to maintain optimal vehicle performance. In addition, DIY maintenance trends and the proliferation of independent repair workshops provide affordable servicing alternatives, further boosting aftermarket part sales. Moreover, the expansion of online auto parts marketplaces is making it easier for consumers to access these components conveniently.

✅Market Dynamics

Drivers:
One of the primary market drivers is the global increase in average vehicle lifespan, supported by technological advancements and improved manufacturing standards. The rise in vehicle kilometers traveled annually directly correlates with faster wear and tear, driving the demand for replacement clutch and bearing parts. Additionally, consumers seeking cost-effective repair options outside dealership networks increasingly turn to the aftermarket. Rapid urbanization in developing regions, coupled with growing vehicle ownership, also supports aftermarket growth.

Market Restraining Factor:
The availability of counterfeit or substandard components in the unorganized aftermarket poses a key challenge. These products not only affect consumer trust but also lead to early failures, which can tarnish the perception of aftermarket parts. Moreover, increased adoption of electric vehicles (EVs), which typically have fewer mechanical components like traditional clutches, may slightly dampen long-term growth in this segment.

Key Market Opportunity:
The digitalization of the aftermarket supply chain presents a significant opportunity. Online retailing of auto parts is witnessing exponential growth, enabling suppliers to directly reach a broader consumer base. Integrating real-time inventory systems, customer education tools, and interactive guides could allow companies to provide enhanced buying experiences and differentiate in a competitive landscape.

✅Market Segmentation

The passenger car bearing & clutch component aftermarket is segmented based on product type and vehicle type, catering to a wide range of consumer needs and maintenance requirements. Under the product type segmentation, the market includes clutch components such as clutch plates, pressure plates, and release bearings, and bearing components like wheel bearings, transmission bearings, and engine bearings. Clutch components lead the market in terms of value due to higher wear rates and comparatively complex replacement procedures, which make them essential maintenance parts. Bearings, though longer-lasting, also command a significant share due to their widespread use in both mechanical and drive systems.

By vehicle type, the segmentation includes hatchbacks, sedans, and SUVs. Sedans represent a considerable share due to their wide presence in urban commuting fleets and company-owned cars, where regular servicing is mandatory. However, SUVs are catching up quickly, particularly in North America and Asia, where consumer preference for larger vehicles is rising. This trend, combined with the rugged use of SUVs, necessitates more frequent component replacements. As such, segmentation allows manufacturers and distributors to tailor inventory, pricing strategies, and service packages that align with specific consumer preferences and driving behavior patterns.

✅Regional Insights

Geographically, Asia Pacific dominates the global market, with China and India contributing significantly due to their massive car parc and high road usage conditions that lead to component wear. The widespread presence of unorganized repair shops and the availability of low-cost components cater to a broad consumer base, propelling market volume. Additionally, regional manufacturers are investing in affordable, high-performance aftermarket components to enhance their market share.

Europe and North America follow closely, with mature automotive sectors and a strong DIY maintenance culture. The presence of organized distribution channels and consumer emphasis on quality and durability supports aftermarket growth in these regions. Latin America and the Middle East & Africa are gradually emerging markets with increasing vehicle sales and aging car fleets that offer long-term growth potential.

✅Competitive Landscape

The passenger car bearing & clutch component aftermarket is moderately fragmented, with global and regional players competing on price, quality, and distribution reach. Key players are focused on expanding their product lines, enhancing logistics capabilities, and tapping into online marketplaces.

✅Company Insights

✦ Schaeffler Group
✦ NSK Ltd.
✦ NTN Corporation
✦ SKF Group
✦ EXEDY Corporation
✦ Valeo SA
✦ Aisin Seiki Co., Ltd.
✦ ZF Friedrichshafen AG
✦ FCC Co., Ltd.
✦ LuK (part of Schaeffler)
✦ Daikin Clutch Corporation

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✅Key Industry Developments

Over the past few years, industry participants have intensified efforts to enhance supply chain efficiency and penetrate underserved regions. For instance, Schaeffler has expanded its global aftermarket reach by investing in digitally enabled warehouses and regional hubs, improving part availability and delivery timelines. Valeo, on the other hand, has been strengthening its partnerships with e-commerce platforms to provide customers with enhanced accessibility and better technical support through online portals.

Additionally, manufacturers are collaborating with training institutions and garages to improve the quality of installation and servicing of clutch and bearing components. These efforts aim to minimize warranty claims and improve component longevity. ZF Friedrichshafen AG has also invested in smart packaging and labeling to fight counterfeiting, enhancing consumer trust in branded aftermarket parts.

✅Innovation and Future Trends

Innovation in materials and component design is set to transform the aftermarket for bearings and clutch components. Leading manufacturers are investing in ceramic bearings and high-friction, lightweight clutch plates that offer better durability, heat resistance, and energy efficiency. These advancements are in response to stricter fuel efficiency standards and performance expectations from modern car owners. Additionally, automation and AI-powered diagnostics in workshops are aiding better identification of faulty components, leading to more accurate aftermarket part replacements.

Another key trend is the rising integration of data-driven maintenance scheduling through onboard vehicle sensors and telematics. These systems predict wear and recommend replacements before failure occurs, driving timely purchases of aftermarket parts. As electric vehicles become more common, companies are also exploring new product lines tailored for EV-specific drivetrains, like bearings for electric motors and regenerative braking systems. While the clutch segment may shrink, new opportunities in EV-compatible bearing systems will continue to shape the market's future.

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