Automotive Bearings Market Size, Share, Trend, Forecast, & Competitive Analysis

1. Presents a Research Report on Automotive Bearings Market Automotive Bearings Market is Segmented by Vehicle Type (Passenger Vehicle, Light Commercial Vehicle (LCV), and Medium & Heavy Commercial Vehicle (MHCV)), by Bearing Type (Ball Bearing, Roller Bearing, and Plain Bearing), by Material Type (Metallic, Non-Metallic, and Hybrid), by Application Type (Engine & Transmission System, Steering System, Wheels, and Others), by End-User Type (OE and Aftermarket), and by Region (North America, Europe, Asia-Pacific, and Rest of the World). sales@stratviewresearch.com +1-313-307-4176 www.stratviewresearch.com Market Reports Advisory & Consulting Sourcing Intelligence

2. Automotive Bearings Market: Growth and Forecast Highlights & Drivers The market for bearings in the automotive industry is subjected to mark a healthy rebound in the coming years to reach an estimated value of US$ 18.31 billion in 2026. In the automotive industry, bearings are used to enable rotational or linear movement while reducing friction and handling stress. Bearings are usually designed to bear axial, radial, or a combination of both loads. The structure of bearing consists of rolling elements and inner and outer races. This assembly allows one part to bear another in automobiles. When selecting a bearing for a particular application, factors like bearing friction, temperature, and lubrication along with the design and construction of the bearing need consideration. The catastrophe of the COVID-19 pandemic shook the automotive industry to the core in 2020. The short-term impact on the market remains apparent - mass employee layoffs across regions and industry verticals, leading to the reduced purchasing power of consumers, and ultimately resulting in decreased demand for new vehicles. This, paired with cash-burnouts of several players, production halts and reductions, and shrinking economies across the globe collectively contributed towards the massive decline in the automotive industry, imprinting a decline of over 15% in the demand for bearings in the automotive industry in 2020. • • • • • • • • • www.stratviewresearch.com 2

3. Market Insights By Vehicle Type • The market is segmented as passenger vehicle, LCV, and MHCV. Passenger vehicle is expected to maintain its indubitable lead till 2026, driven by a sustained increase in urban demand, rising consumer disposable income, increasing motorization rate, and reasonably higher production of passenger cars than commercial vehicles. • Among all vehicles, passenger vehicle was least affected in 2020 and is expected to register the fastest recovery followed by LCV. • In passenger car, electric vehicle is estimated to record a brilliant growth trajectory in the coming years. By Bearing Type • The market is segmented as ball bearing, roller bearing, and plain bearing. • Ball bearing is likely to remain the dominant bearing type in the market till 2026, given its characteristics of efficient functioning at higher speed as compared to roller bearings and ability to bear both radial and axial load in moderate amounts. www.stratviewresearch.com 3

4. Market Insights By Material Type • The market is segmented as metallic, non-metallic, and hybrid. • Metallic bearing is projected to maintain its invincible lead in the market till 2026, propelled by its ability to sustain in applications involving extremely high loads and fast rotations per minute (rpm). • Stainless steel is the most widely used bearing material type, its excellent corrosion- and temperature-resistant properties make it superior to other competing materials. • The non-metallic bearing type is anticipated to make the fastest recovery in the post-pandemic market developments, closely followed by hybrid bearing. By Region • All regions registered massive downfalls in 2020 in the wake of the pandemic. • Asia-Pacific registered the minimum loss in 2020 and is projected to maintain its lead in the global market during the study. • China, India, and Japan, with a majority of the world’s population, are creating a massive demand for vehicles, which, in turn, is causing a stir in the region’s automotive bearings market. • The Chinese automotive industry is witnessing an advanced recovery after the strategic and efficient control of the COVID-19 outbreak. • North America and Europe are also likely to bounce back, creating a healthy demand in the years to come. www.stratviewresearch.com 4

5. Competitive Insights Automotive Bearings Market, regional expansion, and execution of mergers & acquisitions are the key strategies adopted by the major players to gain a competitive edge in the market. Key Companies Analysed Schaeffler Group AB SKF NSK Ltd. NTN Corporation JTEKT Corporation The Timken Company • • • • • • www.stratviewresearch.com 5

6. Research Methodology Stratview Research follows a rigorous methodology with high emphasis on primary research and multiple ways of data triangulation. We conduct primary research across the value chain to provide 360 degree view of the market. Stratview Research Internal Knowledgebase Secondary Research Primary Research • Annual Reports / Fact Book • Company Websites • Magazines / Publications • Press Releases & Journals • Industry News • Association Articles • Government Documents • Social Media • Others • Robust database across value chain • In-house industry veterans as advisors • Project based subject matter experts • Industry Players • Industry Experts • Suppliers • Customers • Associations • Government Institutions • Others Data Analysis Top Down and Bottom Up Approach) Data Triangulation Data Evaluation and Multiple Data Triangulation) Final Deliverables Final Report with All Findings) www.stratviewresearch.com 6

7. Report Features This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights on the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report: Market structure: Overview, industry life cycle analysis, supply chain analysis. • • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis. Market trend and forecast analysis. • Market segment trend and forecast. • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc. • Attractive market segments and associated growth opportunities. • Emerging trends. • Strategic growth opportunities for the existing and new players. • Key success factors. • www.stratviewresearch.com 7

8. Market Segmentation The automotive bearings market is segmented into the following categories. Automotive Bearings Market Size, Share & Forecast, by Vehicle Type • Passenger Vehicle (Regional Analysis: North America, Europe, Asia-Pacific, and RoW) • LCV (Regional Analysis: North America, Europe, Asia-Pacific, and RoW) • MHCV (Regional Analysis: North America, Europe, Asia-Pacific, and RoW) Automotive Bearings Market Size, Share & Forecast, by Bearing Type • Ball Bearing (Regional Analysis: North America, Europe, Asia-Pacific, and RoW) • Roller Bearing (Regional Analysis: North America, Europe, Asia-Pacific, and RoW) • Plain Bearing (Regional Analysis: North America, Europe, Asia-Pacific, and RoW) Automotive Bearings Market Size, Share & Forecast, by Material Type • Metallic Bearings (Regional Analysis: North America, Europe, Asia-Pacific, and RoW) • Non-Metallic Bearings (Regional Analysis: North America, Europe, Asia-Pacific, and RoW) • Hybrid Bearings (Regional Analysis: North America, Europe, Asia-Pacific, and RoW) www.stratviewresearch.com 8

9. Market Segmentation Automotive Bearings Market Size, Share & Forecast, by Application Type • Engine & Transmission System (Regional Analysis: North America, Europe, Asia-Pacific, and RoW) • Steering System (Regional Analysis: North America, Europe, Asia-Pacific, and RoW) • Wheels (Regional Analysis: North America, Europe, Asia-Pacific, and RoW) • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW) Automotive Bearings Market Size, Share & Forecast, by End-User Type • OE (Regional Analysis: North America, Europe, Asia-Pacific, and RoW) • Aftermarket (Regional Analysis: North America, Europe, Asia-Pacific, and RoW) Automotive Bearings Market Size, Share & Forecast, by Region • North America (Country Analysis: The USA, Canada, and Mexico) • Europe (Country Analysis: Germany, France, the UK, Russia, and Rest of Europe) • Asia-Pacific (Country Analysis: Japan, China, India, and Rest of Asia-Pacific) • Rest of the World (Country Analysis: Brazil, Argentina, and Others) www.stratviewresearch.com 9

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