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

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

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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. – PowerPoint PPT presentation

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


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).


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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.

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.

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
    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.

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

6
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

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, 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.

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)

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)

10
About Stratview Research
Stratview Research is a global market
intelligence firm providing high quality
syndicated reports, custom research and
consulting services.
Our Services
Why Us?
High Customer Delight
Rich Industry Experience
Robust Methodology
Effective Business Decisions
11
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esearch.com/Request-Sample/1490/automotive-bearing
-market.htmlform
12
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