Global Automotive Bearings Market Growth 2023-2029

Global Automotive Bearings Market Growth 2023-2029

There is a lot of demand for bearings in automobiles, and the total use of bearings is the key of automobile transmission, engine and axle.From the number of supporting bearings, to deep groove ball bearings, tapered roller bearings and needle bearings, from the size of the size, to medium and large bearings.
LPI (LP Information)' newest research report, the “Automotive Bearings Industry Forecast” looks at past sales and reviews total world Automotive Bearings sales in 2022, providing a comprehensive analysis by region and market sector of projected Automotive Bearings sales for 2023 through 2029. With Automotive Bearings sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Automotive Bearings industry.
This Insight Report provides a comprehensive analysis of the global Automotive Bearings landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Automotive Bearings portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Automotive Bearings market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Automotive Bearings and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Automotive Bearings.
The global Automotive Bearings market size is projected to grow from US$ 5444.5 million in 2022 to US$ 6747.2 million in 2029; it is expected to grow at a CAGR of 6747.2 from 2023 to 2029.
In China, Automotive Bearings key players include Wanxiang, NTN, NSK, etc. Global top three manufacturers hold a share over 10%.
East China is the largest market, with a share over 35%, followed by Northeast, and South Central China, both have a share over 35 percent.
In terms of product, Tapered Roller Bearing is the largest segment, with a share over 30%. And in terms of application, the largest application is Passenger Vehicle, followed by Commercial Vehicle.
This report presents a comprehensive overview, market shares, and growth opportunities of Automotive Bearings market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
Tapered Roller Bearing
Deep Groove Ball Bearing
Needle Roller Bearing
Others
Segmentation by application
Passenger Vehicle
Commercial Vehicle
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
NTN
NSK
SKF
Schaeffler
ILJIN
JTEKT
Timken
FKG
Wanxiang
NTP
ZXY
Harbin Bearing
NRB
HZF
CU
ZWZ
CJB
LS
Key Questions Addressed in this Report
What is the 10-year outlook for the global Automotive Bearings market?
What factors are driving Automotive Bearings market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Automotive Bearings market opportunities vary by end market size?
How does Automotive Bearings break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.