North America Automotive Bearings Market Size, Share & Industry Trends Analysis Report By Bearing Type (Ball Bearing, Roller Bearing, and Others), By Distribution Channel (OEM, and Aftermarket), By Vehicle Type, By Country and Growth Forecast, 2023 - 203

North America Automotive Bearings Market Size, Share & Industry Trends Analysis Report By Bearing Type (Ball Bearing, Roller Bearing, and Others), By Distribution Channel (OEM, and Aftermarket), By Vehicle Type, By Country and Growth Forecast, 2023 - 2030


The North America Automotive Bearings Market would witness market growth of 6.2% CAGR during the forecast period (2023-2030).

Lightweight bearings contribute substantially to reducing the overall vehicle weight. In order to remain competitive and comply with evolving standards, manufacturers of bearings are emphasizing the use of low tolerance and improved forging techniques in their production processes. In addition, SKF, a manufacturer of bearings and seals, is creating compact and lightweight bearings designed to operate at extremely high velocities, with enhanced rigidity, superior load-carrying capacity, and extended operating life.

Moreover, modern automobiles and sport utility vehicles (SUVs) are highly demanded for lightweight bearings due to their superior durability, rigidity, and weightlessness. As a result, the increasing focus on vehicle weight reduction contributes to the expansion of the automotive bearing market. Bearings are required for all automobile movable elements to function. Bearings improve vehicle performance, support large loads, and reduce friction.

Bearings are utilized in engines, gearboxes, wheels, transmissions, steering, electrical motors, and pumps, to name a few main subsystems. Additionally, even windshield wipers, rearview reflectors, and door and hood hinges require bearings for seamless operation. In addition, as the number of vehicle models and variants on the market increases, the demand for bearings is anticipated to increase considerably. In addition, with an expanding middle class and rising disposable income, automobile sales are anticipated to grow in the coming years.

North America has witnessed an increase in demand for commercial automobiles. This is due to the increasing demand for long-distance operations from fleet management. In addition, local governments are enacting a variety of carbon emissions-related laws. In order to reduce carbon emissions, regional manufacturers are incorporating the same technology into buses and commercial vehicles. For instance, long-distance transport vehicles have endured intensive duty cycle or fuel efficiency enhancement. As the region's automobile demand increases, so does the demand for driving safety equipment. This has increased the demand for automotive bearings, causing the market to expand.

The US market dominated the North America Automotive Bearings Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $9.8 billion by 2030. The Canada market is estimated to witness a CAGR of 8.6% during (2023 - 2030). Additionally, The Mexico market would showcase a CAGR of 7.6% during (2023 - 2030).

Based on Bearing Type, the market is segmented into Ball Bearing, Roller Bearing, and Others. Based on Distribution Channel, the market is segmented into OEM, and Aftermarket. Based on Vehicle Type, the market is segmented into Passenger car, Commercial Vehicle, and Two-wheeler. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include JTEKT Corporation, AB SKF, Schaeffler AG, NSK Ltd., NTN Corporation, The Timken Company, Nippon Thompson Co., Ltd., RBC Bearings, Inc., Iljin Group, and Cixing Group Co., Ltd.

Scope of the Study

Market Segments covered in the Report:

By Bearing Type
  • Ball Bearing
  • Roller Bearing
  • Others
By Distribution Channel
  • OEM
  • Aftermarket
By Vehicle Type
  • Passenger car
  • Commercial Vehicle
  • Two-wheeler
By Country
  • US
  • Canada
  • Mexico
  • Rest of North America
Companies Profiled
  • JTEKT Corporation
  • AB SKF
  • Schaeffler AG
  • NSK Ltd.
  • NTN Corporation
  • The Timken Company
  • Nippon Thompson Co., Ltd.
  • RBC Bearings, Inc.
  • Iljin Group
  • Cixing Group Co., Ltd.
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Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Automotive Bearings Market, by Bearing Type
1.4.2 North America Automotive Bearings Market, by Distribution Channel
1.4.3 North America Automotive Bearings Market, by Vehicle Type
1.4.4 North America Automotive Bearings Market, by Country
1.5 Methodology for the research
Chapter 2. Market At a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
Chapter 4. Competition Analysis - Global
4.1 KBV Cardinal Matrix
4.2 Recent Industry Wide Strategic Developments
4.2.1 Partnerships, Collaborations and Agreements
4.2.2 Product Launches and Product Expansions
4.2.3 Acquisition and Mergers
4.2.4 Geographical Expansions
4.3 Top Winning Strategies
4.3.1 Key Leading Strategies: Percentage Distribution (2019-2023)
4.4 Porter’s Five Force Analysis
Chapter 5. North America Automotive Bearings Market by Bearing Type
5.1 North America Ball Bearing Market by Country
5.2 North America Roller Bearing Market by Country
5.3 North America Others Market by Country
Chapter 6. North America Automotive Bearings Market by Distribution Channel
6.1 North America OEM Market by Country
6.2 North America Aftermarket Market by Country
Chapter 7. North America Automotive Bearings Market by Vehicle Type
7.1 North America Passenger car Market by Country
7.2 North America Commercial Vehicle Market by Country
7.3 North America Two-wheeler Market by Country
Chapter 8. North America Automotive Bearings Market by Country
8.1 US Automotive Bearings Market
8.1.1 US Automotive Bearings Market by Bearing Type
8.1.2 US Automotive Bearings Market by Distribution Channel
8.1.3 US Automotive Bearings Market by Vehicle Type
8.2 Canada Automotive Bearings Market
8.2.1 Canada Automotive Bearings Market by Bearing Type
8.2.2 Canada Automotive Bearings Market by Distribution Channel
8.2.3 Canada Automotive Bearings Market by Vehicle Type
8.3 Mexico Automotive Bearings Market
8.3.1 Mexico Automotive Bearings Market by Bearing Type
8.3.2 Mexico Automotive Bearings Market by Distribution Channel
8.3.3 Mexico Automotive Bearings Market by Vehicle Type
8.4 Rest of North America Automotive Bearings Market
8.4.1 Rest of North America Automotive Bearings Market by Bearing Type
8.4.2 Rest of North America Automotive Bearings Market by Distribution Channel
8.4.3 Rest of North America Automotive Bearings Market by Vehicle Type
Chapter 9. Company Profiles
9.1 JTEKT Corporation
9.1.1 Company Overview
9.1.2 Financial Analysis
9.1.3 Segmental Analysis
9.1.4 Research & Development Expenses
9.1.5 Recent strategies and developments:
9.1.5.1 Product Launches and Product Expansions:
9.1.6 SWOT Analysis
9.2 AB SKF
9.2.1 Company Overview
9.2.2 Financial Analysis
9.2.3 Segmental and Regional Analysis
9.2.4 Research & Development Expenses
9.2.5 Recent strategies and developments:
9.2.5.1 Partnerships, Collaborations, and Agreements:
9.2.5.2 Product Launches and Product Expansions:
9.2.5.3 Acquisition and Mergers:
9.2.6 SWOT Analysis
9.3 Schaeffler AG
9.3.1 Company Overview
9.3.2 Financial Analysis
9.3.3 Segmental and Regional Analysis
9.3.4 Research & Development Expenses
9.3.5 Recent strategies and developments:
9.3.5.1 Acquisition and Mergers:
9.3.5.2 Geographical Expansions:
9.3.6 SWOT Analysis
9.4 NSK Ltd.
9.4.1 Company Overview
9.4.2 Financial Analysis
9.4.3 Segmental and Regional Analysis
9.4.4 Research & Development Expenses
9.4.5 Recent strategies and developments:
9.4.5.1 Product Launches and Product Expansions:
9.4.5.2 Acquisition and Mergers:
9.4.6 SWOT Analysis
9.5 NTN Corporation
9.5.1 Company Overview
9.5.2 Financial Analysis
9.5.3 Segmental Analysis
9.5.4 Research & Development Expenses
9.5.5 Recent strategies and developments:
9.5.5.1 Product Launches and Product Expansions:
9.5.6 SWOT Analysis
9.6 The Timken Company
9.6.1 Company Overview
9.6.2 Financial Analysis
9.6.3 Segmental and Regional Analysis
9.6.4 Research & Development Expenses
9.6.5 Recent strategies and developments:
9.6.5.1 Acquisition and Mergers:
9.6.6 SWOT Analysis
9.7 Nippon Thompson Co., Ltd.
9.7.1 Company Overview
9.7.2 Financial Analysis
9.7.3 Segmental Analysis
9.7.4 Research & Development Expenses
9.7.5 SWOT Analysis
9.8 RBC Bearings, Inc.
9.8.1 Company Overview
9.8.2 Financial Analysis
9.8.3 Segmental Analysis
9.8.4 Recent strategies and developments:
9.8.4.1 Acquisition and Mergers:
9.8.5 SWOT Analysis
9.9 Iljin Group
9.9.1 Company Overview
9.10. Cixing Group Co., Ltd.
9.10.1 Company Overview

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