Automotive bearings are accountable for smooth, economical and frictionless running of automobiles. They are present in almost every part of the automobile to ensure movement safety, load handling as well as balance. Several types of bearings are used in automobiles. To name a few, thrust bearings, ball bearings, roller bearings, housed units, needle roller bearings, plummer blocks, plain bearings, spherical roller bearings, slim section bearings, ball thrust bearings, tapered roller bearings and specialized bearings are used. These bearings are made up of different material such as metal-polymers, engineered plastics, metals and bimetals and fibre reinforced composite. The growth of the automotive bearing market is driven by various aspects such as rising technological developments, increasing production of vehicles across the globe, increasing demand for advanced bearings from emerging economies, increasing use of bearings in luxury cars etc. However, high pricing and counterfeiting are main challenges faced by the global market for automotive bearings.
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The extensive research report on “Automotive Bearing
Market: Global Industry Analysis (2012-2016) and Opportunity
Assessment (2017-2022)”, presented by Future Market Insights uncovers
various facets of automotive bearings, analysis on their applications in
different vehicle types, sales channel analysis, etc. According to the in-depth
research analysis delivered in this research report, the global automotive
bearing market is poised to grow at a CAGR of 4.9% throughout the
period of assessment 2017-2022.
5 Key Highlights on Global Automotive Bearing Market
- Ball
thrust bearings segment by bearing type category to represent significant
share in the coming years. This segment is also expected to gain a high
BPS by the end of the assessment period and is poised to register a CAGR
of 5.3% throughout the 2017-2022 period
- Fibre
reinforced composite segment by material type is expected to be the
fastest growing segment during the assessment period. This segment is
projected to reflect a high CAGR of 5.2% with a significant market share.
It holds high potential in the coming years
- Asia-Pacific
excluding Japan (APEJ) region is the most lucrative region for the growth
of the automotive bearing market. This region is ahead of other regions
with respect to growth rate as well as market valuation during the period
of assessment. This region is poised to register CAGR of 5.2% through
2017-2022
- OEM
segment by sales channel is expected to grow at a high pace during the assessment
period. However, the aftermarket segment in this category, as of 2017,
holds a high market share of 63.4%
- Light
commercial vehicles segment by vehicle type is a potential segment with
respect to the use of automotive bearings and is expected to register the
highest CAGR of 5.3% throughout the period of assessment
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Market segmentation
Region
- North
America
- Latin
America
- Europe
- Japan
- APEJ
- MEA
Bearing Type
- Ball
Bearing
- Roller
Bearings
- Ball
Thrust Bearings
- Roller
Thrust Bearings
- Tapered
Roller Bearings
- Specialized
Bearings
- Others
Material Type
- Metal-Polymer
- Engineered
Plastics
- Fiber
Reinforced Composite
- Metal
and Bimetal
Sales Channel
- OEM
- Aftermarket
Vehicle Type
- Compact
Passenger Cars
- Mid-sized
Passenger Cars
- Premium
Passenger Cars
- Luxury
Passenger Cars
- Light
Commercial Vehicles
- Heavy
Commercial Vehicles
- Two-Wheeler
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Key Player Profiles in the Global Automotive Bearing
Market
The research report on global market for automotive bearings
has included profiles of key players such as The Timken Company, Schaeffler AG,
RKB Bearing Industries, NTN Corporation, NRB Bearings Ltd., Minebea Mitsumi
Inc., JTEKT Corporation and ILJIN Bearing Co., Ltd.
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