Automotive Bearings Market Size, Share, Trend, Forecast, & Competitive Analysis: 2021-2026

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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).


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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.

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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.

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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
  worlds population, are creating a massive demand
  for vehicles, which, in turn, is causing a stir
  in the regions 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.

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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

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Research Methodology
Data Analysis Top Down and Bottom Up Approach)
Data Triangulation Data Evaluation and Multiple
Data Triangulation)
Final Deliverables Final Report with All Findings)
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.
Secondary Research
Stratview Research Internal Knowledgebase
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

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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, Porters 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.

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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)

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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)

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