Automotive Needle Roller Bearing Market 2024-2028
The automotive needle roller bearing market is forecasted to grow by USD 966.3 mn during 2023-2028, accelerating at a CAGR of 6.6% during the forecast period. The report on the automotive needle roller bearing market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by surging demand for internal combustion engine vehicles, development of electric vehicles, and rising stringency of automotive noise, vibration, and harshness standards.
Technavio's automotive needle roller bearing market is segmented as below:
- By Application
- Passenger cars
- Commercial vehicles
- By Geographical Landscape
- APAC
- North America
- Europe
- South America
- Middle East and Africa
This study identifies the development of low noise thrust needle roller bearings as one of the prime reasons driving the automotive needle roller bearing market growth during the next few years. Also, development of active magnetic bearings and rising average operational life of vehicles will lead to sizable demand in the market.
The report on the automotive needle roller bearing market covers the following areas:
- Automotive Needle Roller Bearing Market sizing
- Automotive Needle Roller Bearing Market forecast
- Automotive Needle Roller Bearing Market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading automotive needle roller bearing market vendors that include AB SKF, AST Bearings, Bearing Manufacturing India, C and U Americas, Genuine Parts Co., Grupo NBI, INF Bearing Inc., JTEKT Corp., KG BEARIING INDIA LLP, LELI Srl, MinebeaMitsumi Inc., NOSE SEIKO CO. LTD, NSK Ltd., NTN Corp., RBC Bearings Inc., Regal Rexnord Corp., San Yun Industrial Co. Ltd., Schaeffler AG, Suzhou Bearing Factory Co. Ltd., and Wuxi Xizhu Cage Co. Ltd.. Also, the automotive needle roller bearing market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.