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Automotive Wheel Bearing - Global Market Outlook (2020-2028)

June 2021 | 150 pages | ID: A4EC01CEBD1EN
Stratistics Market Research Consulting

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According to Stratistics MRC, the Global Automotive Wheel Bearing Market is accounted for $32.23 billion in 2020 and is expected to reach $52.54 billion by 2028 growing at a CAGR of 6.3% during the forecast period. Some of the key factors propelling the market growth include high demand for thrust bearings and demand for automated driving system (ADS), rise in automotive production creating new markets, rise in vehicle sales across the globe supplemented with a rise in demand for cars, and rise in vehicle production across the globe. However, reduction in weight of wheel bearings may hinder the market growth.

A wheel bearing refers to a set of steel balls held together by a metal ring called a race, which makes wheel spin fast with as little friction as possible. They are generally used on various vehicles, from bicycles to aircraft and cars. On a car, wheel bearing work with the tire, hub, and wheel to make a smooth ride while driving down the road. There are mainly two types of wheel bearing used in the wheel hub assembly of automobiles, ball bearing and roller bearing. They provide low friction between moving parts and high load-carrying capacity.

By bearing type, the ball bearing segment is expected to grow at the significant rate during the forecast period, owing to its high performance. Ball bearings are rolling element metal balls that are placed between the moving parts of bearings to make them move smoothly. These are used to reduce rotational friction and support radial and axial loads. Also, used to minimize friction and power loss. Latest trend is incorporation of sensor units in ball bearings. Sensor units assist in the digital monitoring of rotation speed, axial movement, deceleration, acceleration and load carrying capacity.

Based on the geography, Asia Pacific is anticipated to be the fastest-growing regional market over the forecast period, owing to rising demand for passenger cars and commercial vehicles in the region. China, being a hub for production processes for many industries along with growing demand for automotive and industrial related developments, persisting in the country led it to contribute extensively to the innovations in utilization and determination of physical properties of wheel bearings. In 2019, Xin Guobin, vice-minister of industry and information technology of China had informed that car sales contribute for the lion's share of overall retail market of China and play a key role in the industrial economy.

Some of the key players in Automotive Wheel Bearing Market include ORS Bearings, Jtekt Corporation, NTN Corporation, NSK Ltd., NEI, Mahle GmbH, SKF, Schaeffler AG., Wafangdian Bearing Group Co., Ltd., Iljin Bearing Co., Ltd., Timken Company, Cixing Group Co., Ltd., ABC Bearings, Tata Bearings., and CW Bearing.

Bearing Types Covered:
  • Roller Bearing
  • Ball Bearing
  • Thrust Bearing
  • Plain Bearing
  • Precision Ball Bearings
  • Double Row Angular Contact Bearings
  • Angular Contact Ball Bearings
Integrations Covered:
  • Rear Wheel
  • Front Wheel
Vehicle Types Covered:
  • Three Wheelers
  • Four Wheelers
  • Two-Wheelers
Engine Types Covered:
  • Diesel
  • Electric
  • Petrol
  • Hybrid
  • Liquefied Natural Gas (LNG)
Types Covered:
  • Gen. 1 Bearing
  • Gen. 2 Bearing
  • Gen. 3 Bearing
Sales Channels Covered:
  • Aftermarket
  • Original Equipment Manufacturer (OEM)
Applications Covered:
  • Transmission System
  • Wheel Hub
  • Engine
  • Steering System
  • Suspension
Regions Covered:
  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • Italy
    • UK
    • Spain
    • Rest of Europe
  • Asia Pacific
    • Japan
    • China
    • India
    • Australia
    • New Zealand
    • South Korea
    • Rest of Asia Pacific
  • South America
    • Argentina
    • Brazil
    • Chile
    • Rest of South America
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • Qatar
    • South Africa
    • Rest of Middle East & Africa
What our report offers:
  • Market share assessments for the regional and country-level segments
  • Strategic recommendations for the new entrants
  • Covers Market data for the years 2019, 2020, 2021, 2025 and 2028
  • Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
  • Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter’s five forces analysis, SWOT analysis, etc.
  • Strategic recommendations in key business segments based on the market estimations
  • Competitive landscaping mapping the key common trends
  • Company profiling with detailed strategies, financials, and recent developments
  • Supply chain trends mapping the latest technological advancements
Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:
  • Company Profiling
        • Comprehensive profiling of additional market players (up to 3)
        • SWOT Analysis of key players (up to 3)
  • Regional Segmentation
    • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
  • Competitive Benchmarking
    • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
1 EXECUTIVE SUMMARY

2 PREFACE

2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
  2.4.1 Data Mining
  2.4.2 Data Analysis
  2.4.3 Data Validation
  2.4.4 Research Approach
2.5 Research Sources
  2.5.1 Primary Research Sources
  2.5.2 Secondary Research Sources
  2.5.3 Assumptions

3 MARKET TREND ANALYSIS

3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19

4 PORTERS FIVE FORCE ANALYSIS

4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry

5 GLOBAL AUTOMOTIVE WHEEL BEARING MARKET, BY BEARING TYPE

5.1 Introduction
5.2 Roller Bearing
  5.2.1 Tapered Roller Bearing
  5.2.2 Cylinder Roller Bearing
  5.2.3 Barrel Roller Bearing
5.3 Ball Bearing
  5.3.1 Self-Aligning
  5.3.2 Miniature Precision
  5.3.3 Radial Ball Bearing
  5.3.4 Insert
5.4 Thrust Bearing
  5.4.1 Cylindrical Bearings
  5.4.2 Tapered Roller Thrust Bearing
  5.4.3 Spherical Bearings
5.5 Plain Bearing
5.6 Precision Ball Bearings
5.7 Double Row Angular Contact Bearings
5.8 Angular Contact Ball Bearings

6 GLOBAL AUTOMOTIVE WHEEL BEARING MARKET, BY INTEGRATION

6.1 Introduction
6.2 Rear Wheel
6.3 Front Wheel

7 GLOBAL AUTOMOTIVE WHEEL BEARING MARKET, BY VEHICLE TYPE

7.1 Introduction
7.2 Three Wheelers
7.3 Four Wheelers
  7.3.1 Commercial Vehicle
    7.3.1.1 Heavy Commercial Vehicle
      7.3.1.1.1 Heavy
        7.3.1.1.1.1 Cranes
        7.3.1.1.1.2 Mobile Truck
        7.3.1.1.1.3 Log Carriers
        7.3.1.1.1.4 Van
      7.3.1.1.2 Medium
        7.3.1.1.2.1 Motor Homes
        7.3.1.1.2.2 Fire Truck
        7.3.1.1.2.3 Bus/Shuttle
      7.3.1.1.3 Small
        7.3.1.1.3.1 Tow Trucks
        7.3.1.1.3.2 Pickups
    7.3.1.2 Light Commercial Vehicle
      7.3.1.2.1 Utility Vehicle
      7.3.1.2.2 Small Carrier Trucks
  7.3.2 Passenger Cars
    7.3.2.1 Sedan
    7.3.2.2 Small Car
7.4 Two-Wheelers

8 GLOBAL AUTOMOTIVE WHEEL BEARING MARKET, BY ENGINE TYPE

8.1 Introduction
8.2 Diesel
8.3 Electric
8.4 Petrol
8.5 Hybrid
8.6 Liquefied Natural Gas (LNG)

9 GLOBAL AUTOMOTIVE WHEEL BEARING MARKET, BY TYPE

9.1 Introduction
9.2 Gen. 1 Bearing
9.3 Gen. 2 Bearing
9.4 Gen. 3 Bearing

10 GLOBAL AUTOMOTIVE WHEEL BEARING MARKET, BY SALES CHANNEL

10.1 Introduction
10.2 Aftermarket
10.3 Original Equipment Manufacturer (OEM)

11 GLOBAL AUTOMOTIVE WHEEL BEARING MARKET, BY APPLICATION

11.1 Introduction
11.2 Transmission System
11.3 Wheel Hub
11.4 Engine
11.5 Steering System
11.6 Suspension

12 GLOBAL AUTOMOTIVE WHEEL BEARING MARKET, BY GEOGRAPHY

12.1 Introduction
12.2 North America
  12.2.1 US
  12.2.2 Canada
  12.2.3 Mexico
12.3 Europe
  12.3.1 Germany
  12.3.2 UK
  12.3.3 Italy
  12.3.4 France
  12.3.5 Spain
  12.3.6 Rest of Europe
12.4 Asia Pacific
  12.4.1 Japan
  12.4.2 China
  12.4.3 India
  12.4.4 Australia
  12.4.5 New Zealand
  12.4.6 South Korea
  12.4.7 Rest of Asia Pacific
12.5 South America
  12.5.1 Argentina
  12.5.2 Brazil
  12.5.3 Chile
  12.5.4 Rest of South America
12.6 Middle East & Africa
  12.6.1 Saudi Arabia
  12.6.2 UAE
  12.6.3 Qatar
  12.6.4 South Africa
  12.6.5 Rest of Middle East & Africa

13 KEY DEVELOPMENTS

13.1 Agreements, Partnerships, Collaborations and Joint Ventures
13.2 Acquisitions & Mergers
13.3 New Product Launch
13.4 Expansions
13.5 Other Key Strategies

14 COMPANY PROFILING

14.1 ORS Bearings
14.2 Jtekt Corporation
14.3 NTN Corporation
14.4 NSK Ltd.
14.5 NEI
14.6 Mahle GmbH
14.7 SKF
14.8 Schaeffler AG.
14.9 Wafangdian Bearing Group Co., Ltd.
14.10 Iljin Bearing Co., Ltd.
14.11 Timken Company
14.12 Cixing Group Co., Ltd.
14.13 ABC Bearings
14.14 Tata Bearings.
14.15 CW Bearing

LIST OF TABLES

Table 1 Global Automotive Wheel Bearing Market Outlook, By Region (2019-2028) ($MN)
Table 2 Global Automotive Wheel Bearing Market Outlook, By Bearing Type (2019-2028) ($MN)
Table 3 Global Automotive Wheel Bearing Market Outlook, By Roller Bearing (2019-2028) ($MN)
Table 4 Global Automotive Wheel Bearing Market Outlook, By Tapered Roller Bearing (2019-2028) ($MN)
Table 5 Global Automotive Wheel Bearing Market Outlook, By Cylinder Roller Bearing (2019-2028) ($MN)
Table 6 Global Automotive Wheel Bearing Market Outlook, By Barrel Roller Bearing (2019-2028) ($MN)
Table 7 Global Automotive Wheel Bearing Market Outlook, By Ball Bearing (2019-2028) ($MN)
Table 8 Global Automotive Wheel Bearing Market Outlook, By Self-Aligning (2019-2028) ($MN)
Table 9 Global Automotive Wheel Bearing Market Outlook, By Miniature Precision (2019-2028) ($MN)
Table 10 Global Automotive Wheel Bearing Market Outlook, By Radial Ball Bearing (2019-2028) ($MN)
Table 11 Global Automotive Wheel Bearing Market Outlook, By Insert (2019-2028) ($MN)
Table 12 Global Automotive Wheel Bearing Market Outlook, By Thrust Bearing (2019-2028) ($MN)
Table 13 Global Automotive Wheel Bearing Market Outlook, By Cylindrical Bearings (2019-2028) ($MN)
Table 14 Global Automotive Wheel Bearing Market Outlook, By Tapered Roller Thrust Bearing (2019-2028) ($MN)
Table 15 Global Automotive Wheel Bearing Market Outlook, By Spherical Bearings (2019-2028) ($MN)
Table 16 Global Automotive Wheel Bearing Market Outlook, By Plain Bearing (2019-2028) ($MN)
Table 17 Global Automotive Wheel Bearing Market Outlook, By Precision Ball Bearings (2019-2028) ($MN)
Table 18 Global Automotive Wheel Bearing Market Outlook, By Double Row Angular Contact Bearings (2019-2028) ($MN)
Table 19 Global Automotive Wheel Bearing Market Outlook, By Angular Contact Ball Bearings (2019-2028) ($MN)
Table 20 Global Automotive Wheel Bearing Market Outlook, By Integration (2019-2028) ($MN)
Table 21 Global Automotive Wheel Bearing Market Outlook, By Rear Wheel (2019-2028) ($MN)
Table 22 Global Automotive Wheel Bearing Market Outlook, By Front Wheel (2019-2028) ($MN)
Table 23 Global Automotive Wheel Bearing Market Outlook, By Vehicle Type (2019-2028) ($MN)
Table 24 Global Automotive Wheel Bearing Market Outlook, By Three Wheelers (2019-2028) ($MN)
Table 25 Global Automotive Wheel Bearing Market Outlook, By Four Wheelers (2019-2028) ($MN)
Table 26 Global Automotive Wheel Bearing Market Outlook, By Commercial Vehicle (2019-2028) ($MN)
Table 27 Global Automotive Wheel Bearing Market Outlook, By Passenger Cars (2019-2028) ($MN)
Table 28 Global Automotive Wheel Bearing Market Outlook, By Two-Wheelers (2019-2028) ($MN)
Table 29 Global Automotive Wheel Bearing Market Outlook, By Engine Type (2019-2028) ($MN)
Table 30 Global Automotive Wheel Bearing Market Outlook, By Diesel (2019-2028) ($MN)
Table 31 Global Automotive Wheel Bearing Market Outlook, By Electric (2019-2028) ($MN)
Table 32 Global Automotive Wheel Bearing Market Outlook, By Petrol (2019-2028) ($MN)
Table 33 Global Automotive Wheel Bearing Market Outlook, By Hybrid (2019-2028) ($MN)
Table 34 Global Automotive Wheel Bearing Market Outlook, By Liquefied Natural Gas (LNG) (2019-2028) ($MN)
Table 35 Global Automotive Wheel Bearing Market Outlook, By Type (2019-2028) ($MN)
Table 36 Global Automotive Wheel Bearing Market Outlook, By Gen. 1 Bearing (2019-2028) ($MN)
Table 37 Global Automotive Wheel Bearing Market Outlook, By Gen. 2 Bearing (2019-2028) ($MN)
Table 38 Global Automotive Wheel Bearing Market Outlook, By Gen. 3 Bearing (2019-2028) ($MN)
Table 39 Global Automotive Wheel Bearing Market Outlook, By Sales Channel (2019-2028) ($MN)
Table 40 Global Automotive Wheel Bearing Market Outlook, By Aftermarket (2019-2028) ($MN)
Table 41 Global Automotive Wheel Bearing Market Outlook, By Original Equipment Manufacturer (OEM) (2019-2028) ($MN)
Table 42 Global Automotive Wheel Bearing Market Outlook, By Application (2019-2028) ($MN)
Table 43 Global Automotive Wheel Bearing Market Outlook, By Transmission System (2019-2028) ($MN)
Table 44 Global Automotive Wheel Bearing Market Outlook, By Wheel Hub (2019-2028) ($MN)
Table 45 Global Automotive Wheel Bearing Market Outlook, By Engine (2019-2028) ($MN)
Table 46 Global Automotive Wheel Bearing Market Outlook, By Steering System (2019-2028) ($MN)
Table 47 Global Automotive Wheel Bearing Market Outlook, By Suspension (2019-2028) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.


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