Global Automotive Hub Bearing Market 2023 by Manufacturers, Regions, Type and Application, Forecast to 2029

Global Automotive Hub Bearing Market 2023 by Manufacturers, Regions, Type and Application, Forecast to 2029

According to our (Global Info Research) latest study, the global Automotive Hub Bearing market size was valued at USD 6727.9 million in 2022 and is forecast to a readjusted size of USD 9882.3 million by 2029 with a CAGR of 5.6% during review period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.

The global key manufacturers of automotive hub bearing are NTN, NSK, Schaeffler, SKF, ILJIN, Wanxiang, JTEKT, Shuanglin NTP and so on. The top five manufacturers have a total market share of 60%, with the largest manufacturer being NTN with a 25% market share. Global origins are mainly located in North America, Europe, Japan, China, Southeast Asia, India and other regions, of which China is the largest production region with a market share of 40%. In terms of product categories, third-generation wheel bearings have the largest market share with 42%, followed by second-generation wheel bearings with 41%. In terms of applications, passenger cars have a larger market share with 60%, while commercial vehicles have a lower share.

Automotive Hub Bearing perform two very important jobs in a vehicle’s suspension. The hub bearing allows the wheels to rotate with minimal function, and they also support the vehicle’s weight. To be able to do both of these jobs, the bearings must be in near perfect condition. The seals must also be leak free to keep the lubricant inside the bearings and contaminants out. In an average sedan that weighs around 3,400 lb, each pair of front Hub Bearing, as well as the rear wheel or axle bearings, each support 850 pounds. This all depends on the front to rear weight distribution of the vehicle. It’s a lot of weight that needs to be supported over tens of thousands of miles.

This report is a detailed and comprehensive analysis for global Automotive Hub Bearing market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2023, are provided.

Key Features:

Global Automotive Hub Bearing market size and forecasts, in consumption value ($ Million), sales quantity (M Units), and average selling prices (USD/Unit), 2018-2029

Global Automotive Hub Bearing market size and forecasts by region and country, in consumption value ($ Million), sales quantity (M Units), and average selling prices (USD/Unit), 2018-2029

Global Automotive Hub Bearing market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (M Units), and average selling prices (USD/Unit), 2018-2029

Global Automotive Hub Bearing market shares of main players, shipments in revenue ($ Million), sales quantity (M Units), and ASP (USD/Unit), 2018-2023

The Primary Objectives in This Report Are:

To determine the size of the total market opportunity of global and key countries

To assess the growth potential for Automotive Hub Bearing

To forecast future growth in each product and end-use market

To assess competitive factors affecting the marketplace

This report profiles key players in the global Automotive Hub Bearing market based on the following parameters - company overview, production, value, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include NTN, NSK, Schaeffler, SKF and ILJIN, etc.

This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, COVID-19 and Russia-Ukraine War Influence.

Market Segmentation

Automotive Hub Bearing market is split by Type and by Application. For the period 2018-2029, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.

Market segment by Type
Gen. 1 Bearing
Gen. 2 Bearing
Gen. 3 Bearing
Other Bearing

Market segment by Application
Passenger Car
Commercial Vehicle

Major players covered
NTN
NSK
Schaeffler
SKF
ILJIN
Wanxiang
JTEKT
Shuanglin NTP
TIMKEN
ZheJiang ZhaoFeng
GMB Corporation
Hirschvogel
Changjiang Bearing
Radical
C&U
Nachi-Fujikoshi
Harbin Bearing
Wafangdian Bearing
FKG Bearing
Xiangyang Auto Bearing
Changzhou Guangyang

Market segment by region, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

The content of the study subjects, includes a total of 15 chapters:

Chapter 1, to describe Automotive Hub Bearing product scope, market overview, market estimation caveats and base year.

Chapter 2, to profile the top manufacturers of Automotive Hub Bearing, with price, sales, revenue and global market share of Automotive Hub Bearing from 2018 to 2023.

Chapter 3, the Automotive Hub Bearing competitive situation, sales quantity, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.

Chapter 4, the Automotive Hub Bearing breakdown data are shown at the regional level, to show the sales quantity, consumption value and growth by regions, from 2018 to 2029.

Chapter 5 and 6, to segment the sales by Type and application, with sales market share and growth rate by type, application, from 2018 to 2029.

Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value and market share for key countries in the world, from 2017 to 2022.and Automotive Hub Bearing market forecast, by regions, type and application, with sales and revenue, from 2024 to 2029.

Chapter 12, market dynamics, drivers, restraints, trends, Porters Five Forces analysis, and Influence of COVID-19 and Russia-Ukraine War.

Chapter 13, the key raw materials and key suppliers, and industry chain of Automotive Hub Bearing.

Chapter 14 and 15, to describe Automotive Hub Bearing sales channel, distributors, customers, research findings and conclusion.