Automotive Bearing Market 
                      
Summary 
Global Automotive Bearing Market Information by Type (Ball Bearings, Roller Bearings, Plain 
Bearings, Thrust Bearings, and Others), by Vehicle Type (2-Wheeler, Passenger, and Commercial), 
and by Region - Forecast to 2022  
Automotive Bearing Market Dynamics  
The global Automotive Bearing Market 2020 has the potential to garner a strong growth rate of close 
to 6% from 2016 to 2022, which is considered to be the forecast period in the new report furnished 
by Market Research Future (MRFR). 
Top Drivers and Key Restraints  
Surging focus on vehicle weight reduction, combined with the increasing emphasis on vehicular 
emission reduction are the chief factors backing the growth of the global Automotive Bearing Market. 
Over the years, the automotive industry has expanded vigorously and shows signs of mushrooming 
further in the coming years. the industry growth has led to a massive expansion of the Automotive 
Bearing Market since automotive bearings play a major role in ensuring the safety of the vehicle. 
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Furthermore, high average lifespan of vehicles on account of the use of fuel-efficient technologies can 
help the Automotive Bearing Market expand during the appraisal period. Intense efforts being taken 
by manufacturers to come up with lightweight automotive bearings can induce strong market growth 
in the following years. 
Development, as well as incorporation of novel sealing technologies by original equipment 
manufacturers (OEMs) to seal the bearings from contamination, has also benefited the Automotive 
Bearing Market to a great extent. 
Significant Players  
RKB Bearings, NTN Corporation, Iljin Bearing Co., Ltd., Jtekt Corporation, Schaeffler AG., Timken 
Company, Svenska Kullagerfabriken AB, ORS Bearings, CW Bearing and Timken Company, are some 
of the most significant companies listed in MRFR Analysis and are leading the competition in the 
global Automotive Bearing Market. 
Market Segmentation  
The Automotive Bearing Market has been segmented with respect to type and vehicle. 
The market segments, in terms of type, are roller bearings, Automotive Bearings, vehicle ball 
bearings, thrust bearings, motor vehicle bearings, plain bearings, vehicle wheel bearings, and others. 
Vehicle wheel bearings are an important component of the drivetrain in any vehicle since they offer 
the first connection between the static and moving areas of the vehicle. On the other hand, vehicle 
ball bearings refer to the rolling elements, which help reduce the rotational friction between the 
surface like cemented roads and the vehicle. Due to these factors, both the segments are expected to 
achieve a high growth rate in the years to come, given their surging demand in the automotive 
industry. 
Vehicle types covered in the report are 2-Wheeler, Passenger, and Commercial. The passenger 
vehicles segment possesses the maximum potential to attain the top position in the market, because 
of the rising production volumes of passenger vehicles across the world.  
Regional Insight  
Europe, Asia Pacific (APAC), North America, along with the Rest of the World (RoW) are the primary 
markets for automotive bearing. 
The APAC market for automotive bearing reigns over other regions across the globe, thanks to the 
presence of emerging nations like India and China that boast of an illustrious automotive industry. 
China is known for the highest vehicle production in the world and is making remarkable efforts to 
enhance the growth of the automotive sector, which works in favor of the Automotive Bearing 
Market. Automotive industry in the region is believed to be making fantastic progress, on account of 
the high concentration of manufacturing facilities belonging to renowned OEMs, which in turn, 
benefits the Automotive Bearing Market. 
North America is a highly matured market for automotive bearings, with more and more original 
equipment manufacturers putting efforts to enhance the production quality of the product. A number 
of original equipment manufacturers have set up or are expected to set up manufacturing plants in 
Canada as well as Mexico, which can boost the demand for automotive bearings in the near future. 
Also, the fast adoption of the latest technologies paired with the mounting demand for advanced 
automobile products can usher in a host of growth opportunities for market expansion in the region.  
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