Bearings are the components used between two parts which allow linear or rotational movement, thereby reducing friction and enhancing performance to save energy. The bearings are categorized broadly by the motions allowed, type of operation, or to the directions of loads (forces) applied to the parts. There are various types of bearings such as, roller and ball bearings, linear bearings, and also, mounted versions that may use either plain bearings or rolling element bearings. These different types of bearing are designed for handling radial & thrust loads and are generally found in applications where the load is comparatively small.
The major drivers contributing to the growth of the automotive bearings market include the growing automotive industry and a significant increase in vehicle production and sales across the globe. Additionally, it has been witnessed that the increase in average vehicular age is anticipated to fuel the demand for maintenance, repairing, and replacement of auto components, which in turn facilitate an increase in the sales of automotive bearings.
The "Global Automotive Bearings Market Analysis to 2027" is a specialized and in-depth study of the automotive bearings industry with a special focus on the global market trend analysis. The report aims to provide an overview of automotive bearings market with detailed market segmentation by type, material type, vehicle type, and geography. The global automotive bearings market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading automotive bearings market players and offers key trends and opportunities in the market.
The global automotive bearings market is segmented on the basis of type, material type, and vehicle type. Based on type, the market is segmented as ball bearings and roller bearings. Further, based on material type, the automotive bearings market is divided into metal-polymer, engineered plastics, fiber reinforced composite, and metal and bimetal. Furthermore, on basis of vehicle type, automotive bearings market is segmented as passenger cars, LCV, and HCV.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global automotive bearings market based on various segments. it also provides market size and forecast estimates from the year 2017 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The automotive bearings market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting automotive bearings market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for the automotive bearings market for each region.
The reports cover key developments in the automotive bearings market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market players from automotive bearings market are anticipated to lucrative growth opportunities in the future with the rising demand for automotive bearings in the global market. Below mentioned is the list of few companies engaged in the automotive bearings market.
The report also includes the profiles of key automotive bearings companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last three years, key development in the past five years.
- AB SKF
- ILJIN Bearing Co., Ltd.
- JTEKT Corporation
- MinebeaMitsumi, Inc.
- Nachi-Fujikoshi Corp.
- NSK Ltd.
- NTN Corporation
- Schaeffler Technologies AG & Co. KG
- SNL Bearings Limited
- Timken Company
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.