Automotive Bearing Market Expected to Post a Growth Rate of about 6% CAGR between 2016 and 2022

Market Highlights

Market Research Future published a Half-Cooked Research Report on Automotive Bearing Market that contains information from 2016 to 2022. The Global Automotive Bearing Market is expected to grow at a CAGR of about 6% during the forecast period, 2016 to 2022.

Automotive bearing system is used to enable the rotational and linear motion and also reduces the friction in the vehicles. The specialty of the bearing differs as per the vehicle it is used in such as, heavy vehicles demands bearings to be rigid enough to carry heavy weight and give trouble free and smooth operations. As per trend, ceramic and white metal alloy ball bearings are expected to capture the market for automotive bearing as these are lightweight and will enhance the product quality by reducing the friction and energy consumption during the operations. Moreover, increasing demand for the vehicles and technological advancement are driving the automotive bearing market. The global automotive bearing market is expected to show a growth at CAGR of about 6% from 2016 to 2022.

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Key Players

The key players of global Automotive Bearing market report include

• Schaeffler AG.
• Jtekt Corporation
• NTN Corporation
• Iljin Bearing Co., Ltd.
• Timken Company
• Svenska Kullagerfabriken AB
• RKB Bearings
• Timken Company
• ORS Bearings
• CW Bearing

Taste the market data and market information presented through more than 85 market data tables and figures spread in more than hundred pages of the project report. Avail the in-depth table of content TOC & market synopsis on “Global Automotive Bearing Market Research Report- Forecast to 2022"

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Asia-Pacific Region to Dominate the Automotive Bearing Market

Asia-Pacific is the major regions for the automotive bearing market. Asia-Pacific is expected to show significant growth in automotive bearing market. Emerging economies like China, India, are expected to drive the market due to increasing demand for vehicles, increasing individual’s disposable income & purchasing power is expected to drive the market for automotive bearing. Developed regions such as North America and Europe will show the static growth for the automotive bearing market.
Scope of the Report

This study provides an overview of the global automotive Bearing industry, tracking market segments across the categorized four geographic regions. The report provides a five-year forecast for the market size in terms of value for North America, Europe, Asia-Pacific, and Rest of the world. The scope of the study segments the global automotive bearing market based on type, and vehicle type.

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