Global Automotive Wheel Bearing Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030

Global Automotive Wheel Bearing Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030

Automotive Hub Bearing perform two very important jobs in a vehicle’s suspension. The wheel 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.

According to our (Global Info Research) latest study, the global Automotive Wheel Bearing market size was valued at US$ 7260 million in 2023 and is forecast to a readjusted size of USD 8136 million by 2030 with a CAGR of 1.7% during review period.

Global Automotive Wheel Bearing main players include NTN, NSK, Schaeffler, SKF, ILJIN, JTEKT, Wanxiang, etc., totally accounting for about 30% of market. Europe is the largest market, with a share over 30%. As for the types of products, it can be divided into Gen. 1 Bearing, Gen. 2 Bearing, Gen. 3 Bearing and Other Bearing. The most common product is Gen. 2 Bearing, with a share over 46%. In terms of applications, it is widely used in Passenger Vehicle and Commercial Vehicle. The most application is in Passenger Vehicle, with a share over 79%.

This report is a detailed and comprehensive analysis for global Automotive Wheel 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 2024, are provided.

Key Features:

Global Automotive Wheel Bearing market size and forecasts, in consumption value ($ Million), sales quantity (K Units), and average selling prices (USD/Unit), 2019-2030

Global Automotive Wheel Bearing market size and forecasts by region and country, in consumption value ($ Million), sales quantity (K Units), and average selling prices (USD/Unit), 2019-2030

Global Automotive Wheel Bearing market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (K Units), and average selling prices (USD/Unit), 2019-2030

Global Automotive Wheel Bearing market shares of main players, shipments in revenue ($ Million), sales quantity (K Units), and ASP (USD/Unit), 2019-2024

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 Wheel 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 Wheel Bearing market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include NSK, NTN, Schaeffler, SKF, ILJIN, JTEKT, Shuanglin NTP, Wanxiang, TIMKEN, GMB Corporation, etc.

This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.

Market Segmentation

Automotive Wheel Bearing market is split by Type and by Application. For the period 2019-2030, 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 Vehicle
Commercial Vehicle

Major players covered
NSK
NTN
Schaeffler
SKF
ILJIN
JTEKT
Shuanglin NTP
Wanxiang
TIMKEN
GMB Corporation
Nachi-Fujikoshi
C&U
Harbin Bearing
Changjiang Bearing
GKN
FKG Bearing
Wafangdian Bearing
PFI
Xiangyang Auto Bearing
Changzhou Guangyang
Xiangyang Xinghuo
Shaoguan Southeast
Hubei New torch Science

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 Wheel Bearing product scope, market overview, market estimation caveats and base year.

Chapter 2, to profile the top manufacturers of Automotive Wheel Bearing, with price, sales quantity, revenue, and global market share of Automotive Wheel Bearing from 2019 to 2024.

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

Chapter 4, the Automotive Wheel Bearing breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2019 to 2030.

Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2019 to 2030.

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 2019 to 2024.and Automotive Wheel Bearing market forecast, by regions, by Type, and by Application, with sales and revenue, from 2025 to 2030.

Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.

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

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