Cover Image
Market Research Report
Product code 
1003483

Global Automotive Bearing Market - 2020-2027

Published: | DataM Intelligence | 180 Pages | Delivery time: 2 business days

Price

Back to Top
Global Automotive Bearing Market - 2020-2027
Published: May 4, 2021
DataM Intelligence
Content info: 180 Pages
Delivery time: 2 business days
  • ALL
  • Description
  • Table of Contents
Description

Market Overview

Bearings are engineered precision-made components that allow machinery to move at high speeds and carry extraordinary loads with ease and efficiency. Moreover, it offers high precision, reliability and durability and the ability to rotate at high speeds with minimal noise and vibration. In addition, bearings enhance the performance of the vehicles, bear heavy loads, and reduce friction.

The global Automotive Bearing market is estimated to reach USD XX billion by 2027 from the recorded market size of worth USD XX billion in 2019, growing at a CAGR of XX% during the forecast period (2020-2027).

Market Dynamics

The growing automotive production sales are expected to increase the market size for automotive bearing during the forecast period. Moreover, global sales of automobiles are forecast to fall to just under 63 million units in 2020, down from a peak of almost 79 million units in 2017 due to the impact of Covid-19 and are expected to increase the market size during the forecast period. In addition, the properties such as the ability to resist seizure to the steel shaft during periods when there is metal-to-metal contact, mechanical compressive strength, fatigue strength, good bonding characteristics, conformability, corrosion resistance and embeddability are expected to boost the market growth. According to industry analysis, the global automotive market is expected to reach USD 3,791 billion by 2030, from the recorded value of USD 2,681 billion with a CAGR of 2.84%.

Owing to fuel efficiency advancements and lower carbon dioxide (CO2) emissions, the automotive industry focuses on decreasing vehicles' overall weight. Moreover, the lightweight bearings significantly contribute toward reducing the overall weight of vehicles. Also, modern cars and sports utility vehicles have increased the demand for lightweight bearings for better stiffness, durability and weightlessness. For this persistence, bearings makers focus on enhanced forging techniques and low tolerance in production. In addition, manufacturing companies are developing compact and lightweight bearings, which have been designed to run at extremely high speeds, superior load-carrying capability, enhanced stiffness and prolonged operating life.

Furthermore, the increasing demand for ball bearing is expected to drive market growth during the forecast period. Ball-bearing is a type of roller bearing comprised of inner and outer raceways, with hollow steel or ceramic balls between them. Moreover, the balls allow the transmission of loads, which in turn decreases friction between two surfaces, such as in the case of a road and vehicle because ball bearings can support radial and axial loads, it allows vehicles to keep balance during sudden braking, turning on sharp corners and during speed changes. In addition, ceramic ball bearings are famous in the automotive industry because they are heat resistant, making them perfect for applications such as in turbocharged engines.

However, an increase in vehicle electrification, fluctuation in raw material prices, and high maintenance costs are the key factors to hinder the global market. Moreover, prompted by global initiatives such as the Paris agreement, several countries worldwide establish stricter emissions controls on new vehicle models. As such, the manufacturer is beginning to expand its business into the electric mobility sector. Every third new car sold is expected to be driven or assisted by an electric battery by 2025. In addition, over the next decade, mobility services and autonomous vehicles are set to stir up yet another revolution in the auto sector. China is expected to lead the market by 2040, with projected autonomous vehicle sales of 14.4 million units.

Segment Analysis

By bearing type, the market is segmented into ball bearing, cylindrical & needle roller bearings, spherical roller bearings, tapered roller bearings and others. By vehicle type, the market is segmented into passenger vehicles, commercial vehicles and two-wheelers. By application type, the market is segmented into crankshaft bearings, piston pin joint, balancer shafts, steering systems, transmissions, brake systems, engine management, wipers and others.

Ball Bearings:

  • A ball provides the rolling function
  • Low friction, high speed, light to medium loading
  • Light and general machine applications
  • Commonly found in wheel bearings and underhood applications on cars

Cylindrical & Needle Roller Bearings:

  • Where a cylinder of some kind provides the rolling function. It May also be referred to as needle roller bearings where length is much greater than the diameter
  • Low friction, medium to heavy radial loading
  • Application: transmissions and gearboxes

Tapered Roller Bearings:

  • A tapered roller bearing is used for combined radial and axial loads, such as in-wheel applications on trucks
  • Application: wheels, gearboxes, power generation and manual transmission

Spherical Roller Bearings:

  • Spherical roller bearing that has a barrel-shaped roller.
  • Generally used for extremely high load applications with misaligned shafts to housings
  • Medium to heavy loads, medium friction and misalignment capabilities
  • Application: gearboxes

The increasing demand for smart bearings is expected to drive market growth during the forecast period. Smart bearings are commonly used in automotive wheel applications. Most automaker's unit bearings commonly include speed sensors that send wheel speed data to the ABS and traction control units of light vehicles.

In the industrial markets, housed bearing units are equipped with sensors that monitor bearing vibration, speed, temperature or combination of all three. Moreover, a smart bearing using a speed pickup proximity switch senses the presence of two targets on a unique locknut or collar inside the sensorized bearing installation. Meanwhile, a target comes into range, the proximity switch stops, allowing the supplied voltage to pass through. The period between the two pulses per revolution may be measured to determine the shaft speed.

Geographical Analysis

APAC dominated the automotive bearings market and is expected to witness the highest growth rate during the forecast period. Passenger vehicles and two-wheelers dominated India's automotive market in the FY2020, with over 3.3 million units and over 20 million units were sold, respectively. The south Asian country became the fourth largest automotive industry in 2017. In 2020, over 21.5 million vehicles were sold domestically. Moreover, China dominated the market, followed by India and Japan in this region. The growing economy in China and the increasing disposable income of middle-class consumers are expected to drive market growth. Over the past five years, due to the country's low production costs, the demand for vehicle production has gone up drastically. In addition, in 2020, approx. 5.12 million commercial vehicles have been sold in China. The automobile industry has been a major driving factor in China's economy, and despite slowing growth, the Chinese automobile industry is expected to continue to boost the economy. China in 2019, producing approx. 20 million passenger cars and claiming a 26.4% share of total global vehicle production. However, industry experts predict a decline in vehicle sales in 2019. To overcome the same, the government has unveiled numerous measures to increase cars' sales, which is expected to drive market growth.

Furthermore, Europe and North America are expected to contribute the significant market growth for automotive bearing during the forecast period due to major players' presence in these regions.

Competitive Landscape

The Automotive Bearing market is fragmented with the presence of regional and global players. The competitive contour lies with the increase in the regional company and growing investment in upstream application. NTN Bearing Corporation, JTEKT Corp., Schaeffler AG, Federal-Mogul Corp., Rheinmetall AG (KSPG AG), Wafangdian Bearing Group Corp, NRB Bearings Ltd., Minebea Co., Ltd., Mahle GmbH, RBC Bearings Incorporated are the major player in the sealants market. The major players adopt several growth strategies such as product launches, acquisitions, and collaborations, contributing to growing the Automotive Bearing market globally.

NTN Bearing Corporation

Deep Groove Ball Bearings

Deep groove ball bearings are widely used bearings in all global industries. They utilize a constant raceway that makes them optimal for radial loads. NTN radial ball bearings are typically manufactured with pressed steel cages and offer machined brass or molded nylon material with locating snap rings on the outside diameter.

Pre-lubricated bearings have integral shields or seals and are packed with long-life grease. These bearings can be used without closures, supplementary seals or protective devices in many applications. Moreover, shielded ball bearings are protected on one or both sides by metal shields fastened to the outer ring. Moreover, this close clearance shield retains lubricant and helps prevent the entrance of sizeable foreign matter.

Furthermore, sealed ball bearings include steel-reinforced rubber seals securely attached to a groove on the outer ring. Contact with the inner ring affords positive sealing at all times. The company offers various contact, light-contact, and non-contact seals to help you dial in your protection while balancing torque and speed as per requirements.

Thermal, mechanical ball bearing (TMB) are lighter weight and have a longer life. Moreover, with today's machinery's high performance, bearings are being used at higher speeds and loads. As a result, the industries use this bearing for compact designs at lighter weights, long-lasting and lower costs. Also, when manufacturing these bearings, stringent industry requirements must be met without changing the related parts' configuration.

At NTN, met these challenges by manufacturing the TMB and offers significant features such as:

  • Vacuum-degassed, clean, high-carbon chromium steel that undergoes a proprietary heat treatment to reduce crack sensitivity
  • The high-power density that allows a smaller bearing to support higher loads
  • Available in a wide range of sizes
Table of Contents

Table of Contents

1. Global Automotive Bearing Market Methodology and Scope

  • 1.1. Research Methodology
  • 1.2. Research Objective and Scope of the Report

2. Global Automotive Bearing Market- Market Definition and Overview

3. Global Automotive Bearing Market- Executive Summary

  • 3.1. Market Snippet by Bearing Type
  • 3.2. Market Snippet by Vehicle Type
  • 3.3. Market Snippet by Application
  • 3.4. Market Snippet by Region

4. Global Automotive Bearing Market-Market Dynamics

  • 4.1. Market Impacting Factors
    • 4.1.1. Drivers
    • 4.1.2. Restraints
    • 4.1.3. Opportunity
    • 4.1.4. Impact Analysis

5. Global Automotive Bearing Market- Industry Analysis

  • 5.1. Porter's Five Forces Analysis
  • 5.2. Regulatory Analysis
  • 5.3. Supply Chain Analysis
  • 5.4. Pricing Analysis
  • 5.5. Trade Analysis

6. Global Automotive Bearing Market- By Bearing Type

  • 6.1. Introduction
    • 6.1.1. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Bearing Type
    • 6.1.2. Market Attractiveness Index, By Bearing Type
  • 6.2. Ball Bearing*
    • 6.2.1. Introduction
    • 6.2.2. Market Size Analysis, USD Mn, 2018-2027 and Y-o-Y Growth Analysis (%), 2018-2027
  • 6.3. Cylindrical & Needle Roller Bearings
  • 6.4. Spherical Roller Bearings
  • 6.5. Tapered Roller Bearings
  • 6.6. Others

7. Global Automotive Bearing Market- By Vehicle Type

  • 7.1. Introduction
    • 7.1.1. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Vehicle Type
    • 7.1.2. Market Attractiveness Index, By Vehicle Type
  • 7.2. Passenger Vehicles*
    • 7.2.1. Introduction
    • 7.2.2. Market Size Analysis, USD Mn, 2018-2027 and Y-o-Y Growth Analysis (%), 2018-2027
  • 7.3. Commercial Vehicles
  • 7.4. Two Wheelers

8. Global Automotive Bearing Market- By Application

  • 8.1. Introduction
    • 8.1.1. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application.
    • 8.1.2. Market Attractiveness Index, By Application
  • 8.2. Crankshaft Bearings*
    • 8.2.1. Introduction
    • 8.2.2. Market Size Analysis, USD Mn, 2018-2027 and Y-o-Y Growth Analysis (%), 2018-2027
  • 8.3. Balancer Shafts
  • 8.4. Steering Systems
  • 8.5. Transmissions
  • 8.6. Brake Systems
  • 8.7. Engine Management
  • 8.8. Wipers
  • 8.9. Others

9. Global Automotive Bearing Market- By Region

  • 9.1. Introduction
    • 9.1.1. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Region
    • 9.1.2. Market Attractiveness Index, By Region
  • 9.2. North America
    • 9.2.1. Introduction
    • 9.2.2. Key Region-Specific Dynamics
    • 9.2.3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Bearing Type
    • 9.2.4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Vehicle Type
    • 9.2.5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application
    • 9.2.6. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
      • 9.2.6.1. United States
      • 9.2.6.2. Canada
      • 9.2.6.3. Mexico
  • 9.3. Europe
    • 9.3.1. Introduction
    • 9.3.2. Key Region-Specific Dynamics
    • 9.3.3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Bearing Type
    • 9.3.4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Vehicle Type
    • 9.3.5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application
    • 9.3.6. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
      • 9.3.6.1. Germany
      • 9.3.6.2. United Kingdom
      • 9.3.6.3. France
      • 9.3.6.4. Italy
      • 9.3.6.5. Spain
      • 9.3.6.6. Rest of Europe
  • 9.4. South America
    • 9.4.1. Introduction
    • 9.4.2. Key Region-Specific Dynamics
    • 9.4.3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Bearing Type
    • 9.4.4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Vehicle Type
    • 9.4.5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application
    • 9.4.6. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
      • 9.4.6.1. Brazil
      • 9.4.6.2. Argentina
      • 9.4.6.3. Rest of South America
  • 9.5. Asia Pacific
    • 9.5.1. Introduction
    • 9.5.2. Key Region-Specific Dynamics
    • 9.5.3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Bearing Type
    • 9.5.4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Vehicle Type
    • 9.5.5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application
    • 9.5.6. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
      • 9.5.6.1. China
      • 9.5.6.2. India
      • 9.5.6.3. Japan
      • 9.5.6.4. Australia
      • 9.5.6.5. Rest of Asia Pacific
  • 9.6. Middle East and Africa
    • 9.6.1. Introduction
    • 9.6.2. Key Region-Specific Dynamics
    • 9.6.3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Bearing Type
    • 9.6.4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Vehicle Type
    • 9.6.5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application

10. Global Automotive Bearing Market Competitive Landscape

  • 10.1. Competitive Scenario
  • 10.2. Market Positioning/Share Analysis
  • 10.3. Mergers and Acquisitions Analysis

11. Global Automotive Bearing Market Company Profiles

  • 11.1. NTN Bearing Corporation*
    • 11.1.1. Company Overview
    • 11.1.2. Product Portfolio and Description
    • 11.1.3. Key Highlights
    • 11.1.4. Financial Overview
  • 11.2. JTEKT Corp.
  • 11.3. Schaeffler AG
  • 11.4. Federal-Mogul Corp.
  • 11.5. Rheinmetall AG (KSPG AG)
  • 11.6. Wafangdian Bearing Group Corp
  • 11.7. NRB Bearings Ltd.
  • 11.8. Minebea Co., Ltd.
  • 11.9. Mahle GmbH
  • 11.10. RBC Bearings Incorporated

12. Global Automotive Bearing Market- DataM

  • 12.1. Appendix
  • 12.2. About Us and Services
  • 12.3. Contact Us