Automotive Bearing and Clutch Component Aftermarket to Reach US$7.2 Bn by 2031, Driven by Rising Vehicle Maintenance Demand

✅Consistent 4.5% CAGR Reflects Rising Global Demand for Replacement Parts and Extended Vehicle Lifespans

According to the latest study by Persistence Market Research, the global automotive bearing and clutch component aftermarket is projected to increase from US$5.3 billion in 2024 to US$7.2 billion by 2031, expanding at a compound annual growth rate (CAGR) of 4.5%. The aftermarket's growth is primarily fueled by rising vehicle parc, longer vehicle life cycles, and increasing demand for timely maintenance and replacement of critical drivetrain components like bearings and clutches.

The automotive bearing and clutch component aftermarket plays a vital role in sustaining the operational efficiency and performance of vehicles across the globe. Bearings ensure smooth wheel and engine movement, while clutch components are crucial for effective power transmission between the engine and gearbox. As vehicles age, these parts are subjected to wear and require replacement to maintain vehicle safety, performance, and drivability. Growth in this market is closely aligned with the rising demand for cost-effective vehicle maintenance solutions, especially in developing economies where vehicle ownership is high but purchasing new vehicles is relatively less frequent.

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In terms of market leadership, the passenger vehicle segment dominates the aftermarket for bearings and clutches. This is primarily due to the higher number of passenger vehicles on the road compared to commercial ones, along with their frequent usage for daily commuting. Asia Pacific leads the global market, with China and India contributing significantly. These countries have vast vehicle fleets, growing middle-class populations, and a thriving independent aftermarket. The region also benefits from a strong base of automotive component manufacturers and suppliers, ensuring product availability and affordability.

✅Key Market Insights

➤ The global market is driven by increasing average vehicle age and growth in vehicle parc.
➤ Passenger vehicles hold the largest share, owing to higher usage and frequent need for clutch and bearing replacements.
➤ Independent repair shops dominate distribution, especially in cost-sensitive markets.
➤ The rise of e-commerce in automotive parts distribution is transforming how components are sourced and sold.
➤ Asia Pacific remains the largest and fastest-growing regional market, driven by economic growth and expanding vehicle fleets.

✅Why is the automotive aftermarket for bearings and clutches growing?

The automotive aftermarket for bearings and clutches is growing due to increasing global vehicle ownership, longer vehicle life spans, and the growing need for regular maintenance. As vehicles age, critical components such as wheel bearings and clutch assemblies wear out and need replacement. Additionally, vehicle owners are opting to repair and maintain their vehicles rather than purchase new ones, especially in developing countries. The rise of online part sales and the availability of cost-effective aftermarket solutions further contribute to market expansion by making products more accessible and affordable to consumers.

✅Market Dynamics

Market Drivers:
One of the primary drivers of this market is the aging global vehicle fleet. With more cars staying on the road longer, the need for maintenance and replacement of key components like bearings and clutches has grown significantly. Additionally, a growing preference for DIY repairs and the expansion of online auto parts platforms are increasing aftermarket part accessibility. The consistent increase in commercial and personal vehicle use also contributes to rising wear and tear, thereby boosting aftermarket demand.

Market Restraining Factor:
A key restraint is the rise in electric vehicle (EV) adoption. EVs typically use fewer moving mechanical parts, and many do not require traditional clutches. As EV penetration increases, it could limit the long-term growth of clutch-specific aftermarket segments. Additionally, counterfeit and low-quality parts flooding the aftermarket pose safety risks and reduce customer trust.

Key Market Opportunity:
Emerging markets offer massive opportunities for aftermarket expansion. As countries in Asia, Africa, and Latin America continue to urbanize and increase vehicle ownership, demand for affordable, reliable replacement parts will soar. Strengthening distribution networks and partnering with local service providers in these regions can unlock substantial value for global players.

✅Market Segmentation

The automotive bearing and clutch component aftermarket is segmented based on vehicle type, component type, and distribution channel. By vehicle type, the market is divided into passenger vehicles and commercial vehicles. Passenger vehicles account for the largest share due to their sheer numbers and more frequent usage patterns. The demand for regular maintenance in urban commuting and personal transportation drives the need for frequent replacement of clutch assemblies and wheel bearings.

By component type, the market includes wheel bearings, release bearings, pilot bearings, clutch discs, clutch pressure plates, and clutch master and slave cylinders. Wheel bearings and clutch discs are among the most commonly replaced components, primarily due to their direct involvement in vehicle operation and exposure to mechanical stress. In terms of distribution channel, independent aftermarket (IAM) dominates over authorized dealers, particularly in emerging regions. IAM offers cost-effective, easily accessible alternatives and caters to a large network of local garages and workshops, which are often preferred by cost-conscious consumers.

✅Regional Insights

Geographically, Asia Pacific is the largest and most rapidly growing region in the automotive bearing and clutch component aftermarket. Countries such as China, India, Indonesia, and Thailand exhibit high vehicle ownership rates, increasing middle-class income, and growing awareness of preventive vehicle maintenance. These factors, combined with a well-established supply chain and numerous local manufacturers, contribute to strong market performance.

North America and Europe follow Asia Pacific, largely due to mature vehicle markets and stringent regulations mandating component quality and periodic maintenance. However, aftermarket players in these regions also face challenges such as slower vehicle parc growth and higher EV penetration. Latin America and the Middle East & Africa are poised for future growth, supported by rising urbanization and vehicle ownership, though infrastructure limitations and import dependency may pose hurdles in the short term.

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✅Competitive Landscape

The automotive bearing and clutch component aftermarket is moderately fragmented, with a mix of global players and regional suppliers. Key companies are focused on expanding their distribution networks, offering durable and cost-effective products, and building brand loyalty through service reliability.

✅Company Insights

✦ Schaeffler AG
✦ NSK Ltd.
✦ NTN Corporation
✦ SKF Group
✦ Valeo SA
✦ EXEDY Corporation
✦ ZF Friedrichshafen AG
✦ LuK GmbH & Co. KG
✦ GMB Corporation
✦ FCC Co., Ltd.
✦ National Auto Parts
✦ Aisin Seiki Co., Ltd.

✅Key Industry Developments

In recent years, several players in the automotive aftermarket have announced strategic partnerships and product launches to capitalize on the growing demand for quality replacements. For instance, Schaeffler launched advanced bearing solutions designed to increase vehicle efficiency and reduce CO2 emissions, aligning with sustainability goals. Similarly, Valeo introduced next-generation clutch kits with enhanced friction materials for greater durability and performance.

On the distribution front, companies are investing in digital platforms and mobile applications to enhance customer reach. Brands such as NTN and SKF have established direct-to-consumer online portals to ensure authenticity and speed up delivery. Meanwhile, some players are expanding geographically by setting up local warehouses in emerging markets to reduce logistics costs and improve availability.

✅Innovation and Future Trends

As the automotive aftermarket evolves, smart bearing technologies are emerging, enabling real-time condition monitoring and predictive maintenance. These innovations are particularly relevant for commercial fleets where downtime has a direct impact on operations. Sensors embedded in bearings can relay data to vehicle management systems, improving maintenance planning and extending component life.

Another future trend is the development of clutch components compatible with hybrid and plug-in hybrid vehicles. While fully electric vehicles may eliminate the need for clutches, hybrid models still require robust transmission components that can handle torque fluctuations. Manufacturers are also focusing on developing eco-friendly materials in friction components to reduce environmental impact while maintaining performance. As sustainability and digitalization gain ground, the aftermarket is poised for a more connected, efficient, and environmentally responsible future.

✅Contact Us:

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✅About Persistence Market Research:

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This release was published on openPR.