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Global Electric Vehicle Bearings Market Size Study, by Propulsion (Battery Electric Vehicle, Hybrid Electric Vehicle, Plug-In Hybrid Electric Vehicle), by Application (Gearbox/Transmission, Motor, E-Axle, Wheel, Others), by Vehicle (Passenger Vehicle, Commercial Vehicle), by Sales Channel (OEM, Aftermarket), by Product (Roller Bearing, Ball Bearing, Composite Bearing), by Material (Steel, Ceramic, Polymer, Others) and Regional Forecasts 2022-2032

July 2024 | 200 pages | ID: G431686038DEEN
Bizwit Research & Consulting LLP

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The global electric vehicle bearings market, valued at approximately USD 2,261.5 million in 2023, is projected to reach an impressive USD 41,127.0 million by 2032, exhibiting a robust CAGR of 34.1% over the forecast period 2023-2032. Electric vehicle bearings are crucial in supporting axial and radial loads while minimizing friction in electric vehicles. The growing trend toward reducing vehicle weight is a key driver of the global electric vehicle bearings market. Increased investment in R&D by manufacturers is also propelling market growth, as is the introduction of innovative new products. The market's growth is predominantly driven by the surging demand for electric vehicles and the need for high-speed electric vehicle bearings. Additionally, the industry's focus on vehicle weight reduction significantly contributes to the market's expansion.
Government policies favouring electric vehicle adoption, advancements in bearing material and lubrication technologies, and heightened competition in the electric vehicle sector present significant growth opportunities for the electric vehicle bearings market. Despite some challenges, such as optimizing bearing size without compromising motor power and addressing issues with cage design, ongoing developments are expected to overcome these obstacles during the forecast period.
As the electric vehicle market evolves rapidly, the bearings used in these vehicles are subject to various performance parameters, including a broader operating temperature range and increased speed range. The optimization and integration of electric vehicle powertrains have led to new bearing requirements. Major manufacturers like NSK Ltd., AB SKF, and NTN Corporation are developing products to meet current and future needs of electric vehicle powertrain producers. Electric vehicle bearing producers are exploring lightweight bearing materials and new lubricant and grease formulations, which can significantly enhance electric vehicle motor efficiency and contribute to overall vehicle efficiency improvements.
The key regions considered for the Global Electric Vehicle Bearings Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is a dominating region in the Electric Vehicle Bearings Market in terms of revenue. The growth of the electric vehicle (EV) bearings market in North America is driven by increased EV adoption, advancements in bearing technology, stringent emissions regulations, and government incentives. Enhanced focus on sustainable transportation, investments in EV infrastructure, and rising consumer demand for high-performance, energy-efficient vehicles also contribute significantly to market expansion. Whereas, the market in Asia Pacific is anticipated to grow at the fastest rate over the forecast period.
Major market players included in this report are:
NSK Ltd.
AB SKF
NTN Corporation
JTEKT Corporation
The Timken Company
Schaeffler Technologies AG & Co. KG
NBC Bearings (NEI Ltd.)
NRB Bearings Limited
ILJIN Co., Ltd.
Fersa Bearings S.A.
Wafangdian Bearing Group Corp., Ltd. (ZWZ)
C&U GROUP CO., LTD.
Zhejiang XCC Group Co., Ltd.
Nachi-Fujikoshi Corp.
NMB Technologies Corporation
The detailed segments and sub-segment of the market are explained below:
By Propulsion:
• Battery Electric Vehicle (BEV)
• Hybrid Electric Vehicle (HEV)
• Plug-In Hybrid Electric Vehicle (PHEV)
By Application:
• Gearbox/Transmission
• Motor
• E-Axle
• Wheel
• Others
By Vehicle:
• Passenger Vehicle
• Commercial Vehicle
By Sales Channel:
• OEM
• Aftermarket
By Product:
• Roller Bearing
• Ball Bearing
• Composite Bearing
By Material:
• Steel
• Ceramic
• Polymer
• Others
Common content for Report Description
By Region:
North America
• U.S.
• Canada
Europe
• UK
• Germany
• France
• Spain
• Italy
• ROE
Asia Pacific
• China
• India
• Japan
• Australia
• South Korea
• RoAPAC
Latin America
• Brazil
• Mexico
Middle East & Africa
• Saudi Arabia
• South Africa
• RoMEA
Years considered for the study are as follows:
• Historical year – 2021
• Base year – 2022
• Forecast period – 2023 to 2031
Key Takeaways:
• Market Estimates & Forecast for 10 years from 2022 to 2031.
• Annualized revenues and regional level analysis for each market segment.
• Detailed analysis of geographical landscape with country level analysis of major regions.
• Competitive landscape with information on major players in the market.
• Analysis of key business strategies and recommendations on future market approach.
• Analysis of competitive structure of the market.
• Demand side and supply side analysis of the market
CHAPTER 1. GLOBAL ELECTRIC VEHICLE BEARINGS MARKET EXECUTIVE SUMMARY

1.1. Global Electric Vehicle Bearings Market Size & Forecast (2022-2031)
1.2. Regional Summary
1.3. Segmental Summary
  1.3.1. By Propulsion
  1.3.2. By Application
  1.3.3. By Vehicle
  1.3.4. By Sales Channel
  1.3.5. By Product
  1.3.6. By Material
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

CHAPTER 2. GLOBAL ELECTRIC VEHICLE BEARINGS MARKET DEFINITION AND RESEARCH ASSUMPTIONS

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
  2.3.1. Inclusion & Exclusion
  2.3.2. Limitations
  2.3.3. Supply Side Analysis
    2.3.3.1. Availability
    2.3.3.2. Infrastructure
    2.3.3.3. Regulatory Environment
    2.3.3.4. Market Competition
    2.3.3.5. Economic Viability (Consumer’s Perspective)
  2.3.4. Demand Side Analysis
    2.3.4.1. Regulatory frameworks
    2.3.4.2. Technological Advancements
    2.3.4.3. Environmental Considerations
    2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

CHAPTER 3. GLOBAL ELECTRIC VEHICLE BEARINGS MARKET DYNAMICS

3.1. Market Drivers
  3.1.1. Rising Demand for Electric Vehicles
  3.1.2. Increasing Focus on Vehicle Weight Reduction
  3.1.3. Advancements in Bearing Material and Lubrication Technologies
3.2. Market Challenges
  3.2.1. Bearing Size Optimization
  3.2.2. Cage Design Challenges
3.3. Market Opportunities
  3.3.1. Government Policies Supporting Electric Vehicles
  3.3.2. New Product Launches and Innovations
  3.3.3. Increased Investment in R&D

CHAPTER 4. GLOBAL ELECTRIC VEHICLE BEARINGS MARKET INDUSTRY ANALYSIS

4.1. Porter’s 5 Force Model
  4.1.1. Bargaining Power of Suppliers
  4.1.2. Bargaining Power of Buyers
  4.1.3. Threat of New Entrants
  4.1.4. Threat of Substitutes
  4.1.5. Competitive Rivalry
  4.1.6. Futuristic Approach to Porter’s 5 Force Model
  4.1.7. Porter’s 5 Force Impact Analysis
4.2. PESTEL Analysis
  4.2.1. Political
  4.2.2. Economical
  4.2.3. Social
  4.2.4. Technological
  4.2.5. Environmental
  4.2.6. Legal
4.3. Top investment opportunity
4.4. Top winning strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

CHAPTER 5. GLOBAL ELECTRIC VEHICLE BEARINGS MARKET SIZE & FORECASTS BY PROPULSION 2022-2031

5.1. Segment Dashboard
5.2. Global Electric Vehicle Bearings Market: Propulsion Revenue Trend Analysis, 2022 & 2031 (USD Million)
  5.2.1. Battery Electric Vehicle (BEV)
  5.2.2. Hybrid Electric Vehicle (HEV)
  5.2.3. Plug-In Hybrid Electric Vehicle (PHEV)

CHAPTER 6. GLOBAL ELECTRIC VEHICLE BEARINGS MARKET SIZE & FORECASTS BY APPLICATION 2022-2031

6.1. Segment Dashboard
6.2. Global Electric Vehicle Bearings Market: Application Revenue Trend Analysis, 2022 & 2031 (USD Million)
  6.2.1. Gearbox/Transmission
  6.2.2. Motor
  6.2.3. E-Axle
  6.2.4. Wheel
  6.2.5. Others

CHAPTER 7. GLOBAL ELECTRIC VEHICLE BEARINGS MARKET SIZE & FORECASTS BY VEHICLE 2022-2031

7.1. Segment Dashboard
7.2. Global Electric Vehicle Bearings Market: Vehicle Revenue Trend Analysis, 2022 & 2031 (USD Million)
  7.2.1. Passenger Vehicle
  7.2.2. Commercial Vehicle

CHAPTER 8. GLOBAL ELECTRIC VEHICLE BEARINGS MARKET SIZE & FORECASTS BY SALES CHANNEL 2022-2031

8.1. Segment Dashboard
8.2. Global Electric Vehicle Bearings Market: Sales Channel Revenue Trend Analysis, 2022 & 2031 (USD Million)
  8.2.1. OEM
  8.2.2. Aftermarket

CHAPTER 9. GLOBAL ELECTRIC VEHICLE BEARINGS MARKET SIZE & FORECASTS BY PRODUCT 2022-2031

9.1. Segment Dashboard
9.2. Global Electric Vehicle Bearings Market: Product Revenue Trend Analysis, 2022 & 2031 (USD Million)
  9.2.1. Roller Bearing
  9.2.2. Ball Bearing
  9.2.3. Composite Bearing

CHAPTER 10. GLOBAL ELECTRIC VEHICLE BEARINGS MARKET SIZE & FORECASTS BY MATERIAL 2022-2031

10.1. Segment Dashboard
10.2. Global Electric Vehicle Bearings Market: Material Revenue Trend Analysis, 2022 & 2031 (USD Million)
  10.2.1. Steel
  10.2.2. Ceramic
  10.2.3. Polymer
  10.2.4. Others

CHAPTER 11. GLOBAL ELECTRIC VEHICLE BEARINGS MARKET SIZE & FORECASTS BY REGION 2022-2031

11.1. North America Electric Vehicle Bearings Market
  11.1.1. U.S. Electric Vehicle Bearings Market
    11.1.1.1. Propulsion breakdown size & forecasts, 2022-2031
    11.1.1.2. Application breakdown size & forecasts, 2022-2031
    11.1.1.3. Vehicle breakdown size & forecasts, 2022-2031
    11.1.1.4. Sales Channel breakdown size & forecasts, 2022-2031
    11.1.1.5. Product breakdown size & forecasts, 2022-2031
    11.1.1.6. Material breakdown size & forecasts, 2022-2031
  11.1.2. Canada Electric Vehicle Bearings Market
11.2. Europe Electric Vehicle Bearings Market
  11.2.1. UK Electric Vehicle Bearings Market
  11.2.2. Germany Electric Vehicle Bearings Market
  11.2.3. France Electric Vehicle Bearings Market
  11.2.4. Spain Electric Vehicle Bearings Market
  11.2.5. Italy Electric Vehicle Bearings Market
  11.2.6. Rest of Europe Electric Vehicle Bearings Market
11.3. Asia-Pacific Electric Vehicle Bearings Market
  11.3.1. China Electric Vehicle Bearings Market
  11.3.2. India Electric Vehicle Bearings Market
  11.3.3. Japan Electric Vehicle Bearings Market
  11.3.4. Australia Electric Vehicle Bearings Market
  11.3.5. South Korea Electric Vehicle Bearings Market
  11.3.6. Rest of Asia Pacific Electric Vehicle Bearings Market
11.4. Latin America Electric Vehicle Bearings Market
  11.4.1. Brazil Electric Vehicle Bearings Market
  11.4.2. Mexico Electric Vehicle Bearings Market
  11.4.3. Rest of Latin America Electric Vehicle Bearings Market
11.5. Middle East & Africa Electric Vehicle Bearings Market
  11.5.1. Saudi Arabia Electric Vehicle Bearings Market
  11.5.2. South Africa Electric Vehicle Bearings Market
  11.5.3. Rest of Middle East & Africa Electric Vehicle Bearings Market

CHAPTER 12. COMPETITIVE INTELLIGENCE

12.1. Key Company SWOT Analysis
  12.1.1. Company
  12.1.2. Company
  12.1.3. Company
12.2. Top Market Strategies
12.3. Company Profiles
  12.3.1. NSK Ltd.
    12.3.1.1. Key Information
    12.3.1.2. Overview
    12.3.1.3. Financial (Subject to Data Availability)
    12.3.1.4. Product Summary
    12.3.1.5. Market Strategies
  12.3.2. AB SKF
  12.3.3. NTN Corporation
  12.3.4. JTEKT Corporation
  12.3.5. The Timken Company
  12.3.6. Schaeffler Technologies AG & Co. KG
  12.3.7. NBC Bearings (NEI Ltd.)
  12.3.8. NRB Bearings Limited
  12.3.9. ILJIN Co., Ltd.
  12.3.10. Fersa Bearings S.A.
  12.3.11. Wafangdian Bearing Group Corp., Ltd. (ZWZ)
  12.3.12. C&U GROUP CO., LTD.
  12.3.13. Zhejiang XCC Group Co., Ltd.
  12.3.14. Nachi-Fujikoshi Corp.
  12.3.15. NMB Technologies Corporation

CHAPTER 13. RESEARCH PROCESS

13.1. Research Process
  13.1.1. Data Mining
  13.1.2. Analysis
  13.1.3. Market Estimation
  13.1.4. Validation
  13.1.5. Publishing
13.2. Research Attributes

LIST OF TABLES

TABLE 1. Global Electric Vehicle Bearings Market, report scope
TABLE 2. Global Electric Vehicle Bearings Market estimates & forecasts by Region 2022-2031 (USD Million)
TABLE 3. Global Electric Vehicle Bearings Market estimates & forecasts by Propulsion 2022-2031 (USD Million)
TABLE 4. Global Electric Vehicle Bearings Market estimates & forecasts by Application 2022-2031 (USD Million)
TABLE 5. Global Electric Vehicle Bearings Market estimates & forecasts by Vehicle 2022-2031 (USD Million)
TABLE 6. Global Electric Vehicle Bearings Market estimates & forecasts by Sales Channel 2022-2031 (USD Million)
TABLE 7. Global Electric Vehicle Bearings Market estimates & forecasts by Product 2022-2031 (USD Million)
TABLE 8. Global Electric Vehicle Bearings Market estimates & forecasts by Material 2022-2031 (USD Million)
TABLE 9. U.S. Electric Vehicle Bearings Market estimates & forecasts, 2022-2031 (USD Million)
TABLE 10. U.S. Electric Vehicle Bearings Market estimates & forecasts by segment 2022-2031 (USD Million)
TABLE 11. Canada Electric Vehicle Bearings Market estimates & forecasts, 2022-2031 (USD Million)
TABLE 12. Canada Electric Vehicle Bearings Market estimates & forecasts by segment 2022-2031 (USD Million)
TABLE 13. UK Electric Vehicle Bearings Market estimates & forecasts, 2022-2031 (USD Million)
TABLE 14. UK Electric Vehicle Bearings Market estimates & forecasts by segment 2022-2031 (USD Million)
TABLE 15. Germany Electric Vehicle Bearings Market estimates & forecasts, 2022-2031 (USD Million)
TABLE 16. Germany Electric Vehicle Bearings Market estimates & forecasts by segment 2022-2031 (USD Million)
TABLE 17. France Electric Vehicle Bearings Market estimates & forecasts, 2022-2031 (USD Million)
TABLE 18. France Electric Vehicle Bearings Market estimates & forecasts by segment 2022-2031 (USD Million)
TABLE 19. Spain Electric Vehicle Bearings Market estimates & forecasts, 2022-2031 (USD Million)
TABLE 20. Spain Electric Vehicle Bearings Market estimates & forecasts by segment 2022-2031 (USD Million)
TABLE 21. Italy Electric Vehicle Bearings Market estimates & forecasts, 2022-2031 (USD Million)
TABLE 22. Italy Electric Vehicle Bearings Market estimates & forecasts by segment 2022-2031 (USD Million)
TABLE 23. China Electric Vehicle Bearings Market estimates & forecasts, 2022-2031 (USD Million)
TABLE 24. China Electric Vehicle Bearings Market estimates & forecasts by segment 2022-2031 (USD Million)
TABLE 25. India Electric Vehicle Bearings Market estimates & forecasts, 2022-2031 (USD Million)
TABLE 26. India Electric Vehicle Bearings Market estimates & forecasts by segment 2022-2031 (USD Million)
TABLE 27. Japan Electric Vehicle Bearings Market estimates & forecasts, 2022-2031 (USD Million)
TABLE 28. Japan Electric Vehicle Bearings Market estimates & forecasts by segment 2022-2031 (USD Million)
TABLE 29. Australia Electric Vehicle Bearings Market estimates & forecasts, 2022-2031 (USD Million)
TABLE 30. Australia Electric Vehicle Bearings Market estimates & forecasts by segment 2022-2031 (USD Million)
TABLE 31. South Korea Electric Vehicle Bearings Market estimates & forecasts, 2022-2031 (USD Million)
TABLE 32. South Korea Electric Vehicle Bearings Market estimates & forecasts by segment 2022-2031 (USD Million)
TABLE 33. Brazil Electric Vehicle Bearings Market estimates & forecasts, 2022-2031 (USD Million)
TABLE 34. Brazil Electric Vehicle Bearings Market estimates & forecasts by segment 2022-2031 (USD Million)
TABLE 35. Mexico Electric Vehicle Bearings Market estimates & forecasts, 2022-2031 (USD Million)
TABLE 36. Mexico Electric Vehicle Bearings Market estimates & forecasts by segment 2022-2031 (USD Million)
TABLE 37. Saudi Arabia Electric Vehicle Bearings Market estimates & forecasts, 2022-2031 (USD Million)
TABLE 38. Saudi Arabia Electric Vehicle Bearings Market estimates & forecasts by segment 2022-2031 (USD Million)
TABLE 39. South Africa Electric Vehicle Bearings Market estimates & forecasts, 2022-2031 (USD Million)
TABLE 40. South Africa Electric Vehicle Bearings Market estimates & forecasts by segment 2022-2031 (USD Million)
This list is not complete; the final report contains more than 100 tables. The list may be updated in the final deliverable.

LIST OF FIGURES

FIG 1. Global Electric Vehicle Bearings Market, research methodology
FIG 2. Global Electric Vehicle Bearings Market, market estimation techniques
FIG 3. Global market size estimates & forecast methods
FIG 4. Global Electric Vehicle Bearings Market, key trends 2023
FIG 5. Global Electric Vehicle Bearings Market, growth prospects 2022-2031
FIG 6. Global Electric Vehicle Bearings Market, porters 5 force model
FIG 7. Global Electric Vehicle Bearings Market, PESTEL analysis
FIG 8. Global Electric Vehicle Bearings Market, value chain analysis
FIG 9. Global Electric Vehicle Bearings Market by segment, 2022 & 2031 (USD Million)
FIG 10. Global Electric Vehicle Bearings Market by segment, 2022 & 2031 (USD Million)
FIG 11. Global Electric Vehicle Bearings Market by segment, 2022 & 2031 (USD Million)
FIG 12. Global Electric Vehicle Bearings Market by segment, 2022 & 2031 (USD Million)
FIG 13. Global Electric Vehicle Bearings Market by segment, 2022 & 2031 (USD Million)
FIG 14. Global Electric Vehicle Bearings Market, regional snapshot 2022 & 2031
FIG 15. North America Electric Vehicle Bearings Market 2022 & 2031 (USD Million)
FIG 16. Europe Electric Vehicle Bearings Market 2022 & 2031 (USD Million)
FIG 17. Asia Pacific Electric Vehicle Bearings Market 2022 & 2031 (USD Million)
FIG 18. Latin America Electric Vehicle Bearings Market 2022 & 2031 (USD Million)
FIG 19. Middle East & Africa Electric Vehicle Bearings Market 2022 & 2031 (USD Million)
FIG 20. Global Electric Vehicle Bearings Market, company market share analysis (2023)
This list is not complete; the final report contains more than 50 figures. The list may be updated in the final deliverable.


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