PUBLISHER: KBV Research | PRODUCT CODE: 1336010
PUBLISHER: KBV Research | PRODUCT CODE: 1336010
North America Automotive Bearings Market Size, Share & Industry Trends Analysis Report By Bearing Type, By Distribution Channel, 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.
Unique Offerings from KBV Research
- Exhaustive coverage
- Highest number of market tables and figures
- Subscription based model available
- Guaranteed best price
- Assured post sales research support with 10% customization free
Table of Contents
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
- 3.1.1 Overview
- 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
LIST OF TABLES
- TABLE 1 North America Automotive Bearings Market, 2019 - 2022, USD Million
- TABLE 2 North America Automotive Bearings Market, 2023 - 2030, USD Million
- TABLE 3 Partnerships, Collaborations and Agreements- Automotive Bearings Market
- TABLE 4 Product Launches And Product Expansions- Automotive Bearings Market
- TABLE 5 Acquisition and Mergers - Automotive Bearings Market
- TABLE 6 Geographical Expansions - Automotive Bearings Market
- TABLE 7 North America Automotive Bearings Market by Bearing Type, 2019 - 2022, USD Million
- TABLE 8 North America Automotive Bearings Market by Bearing Type, 2023 - 2030, USD Million
- TABLE 9 North America Ball Bearing Market by Country, 2019 - 2022, USD Million
- TABLE 10 North America Ball Bearing Market by Country, 2023 - 2030, USD Million
- TABLE 11 North America Roller Bearing Market by Country, 2019 - 2022, USD Million
- TABLE 12 North America Roller Bearing Market by Country, 2023 - 2030, USD Million
- TABLE 13 North America Others Market by Country, 2019 - 2022, USD Million
- TABLE 14 North America Others Market by Country, 2023 - 2030, USD Million
- TABLE 15 North America Automotive Bearings Market by Distribution Channel, 2019 - 2022, USD Million
- TABLE 16 North America Automotive Bearings Market by Distribution Channel, 2023 - 2030, USD Million
- TABLE 17 North America OEM Market by Country, 2019 - 2022, USD Million
- TABLE 18 North America OEM Market by Country, 2023 - 2030, USD Million
- TABLE 19 North America Aftermarket Market by Country, 2019 - 2022, USD Million
- TABLE 20 North America Aftermarket Market by Country, 2023 - 2030, USD Million
- TABLE 21 North America Automotive Bearings Market by Vehicle Type, 2019 - 2022, USD Million
- TABLE 22 North America Automotive Bearings Market by Vehicle Type, 2023 - 2030, USD Million
- TABLE 23 North America Passenger car Market by Country, 2019 - 2022, USD Million
- TABLE 24 North America Passenger car Market by Country, 2023 - 2030, USD Million
- TABLE 25 North America Commercial Vehicle Market by Country, 2019 - 2022, USD Million
- TABLE 26 North America Commercial Vehicle Market by Country, 2023 - 2030, USD Million
- TABLE 27 North America Two-wheeler Market by Country, 2019 - 2022, USD Million
- TABLE 28 North America Two-wheeler Market by Country, 2023 - 2030, USD Million
- TABLE 29 North America Automotive Bearings Market by Country, 2019 - 2022, USD Million
- TABLE 30 North America Automotive Bearings Market by Country, 2023 - 2030, USD Million
- TABLE 31 US Automotive Bearings Market, 2019 - 2022, USD Million
- TABLE 32 US Automotive Bearings Market, 2023 - 2030, USD Million
- TABLE 33 US Automotive Bearings Market by Bearing Type, 2019 - 2022, USD Million
- TABLE 34 US Automotive Bearings Market by Bearing Type, 2023 - 2030, USD Million
- TABLE 35 US Automotive Bearings Market by Distribution Channel, 2019 - 2022, USD Million
- TABLE 36 US Automotive Bearings Market by Distribution Channel, 2023 - 2030, USD Million
- TABLE 37 US Automotive Bearings Market by Vehicle Type, 2019 - 2022, USD Million
- TABLE 38 US Automotive Bearings Market by Vehicle Type, 2023 - 2030, USD Million
- TABLE 39 Canada Automotive Bearings Market, 2019 - 2022, USD Million
- TABLE 40 Canada Automotive Bearings Market, 2023 - 2030, USD Million
- TABLE 41 Canada Automotive Bearings Market by Bearing Type, 2019 - 2022, USD Million
- TABLE 42 Canada Automotive Bearings Market by Bearing Type, 2023 - 2030, USD Million
- TABLE 43 Canada Automotive Bearings Market by Distribution Channel, 2019 - 2022, USD Million
- TABLE 44 Canada Automotive Bearings Market by Distribution Channel, 2023 - 2030, USD Million
- TABLE 45 Canada Automotive Bearings Market by Vehicle Type, 2019 - 2022, USD Million
- TABLE 46 Canada Automotive Bearings Market by Vehicle Type, 2023 - 2030, USD Million
- TABLE 47 Mexico Automotive Bearings Market, 2019 - 2022, USD Million
- TABLE 48 Mexico Automotive Bearings Market, 2023 - 2030, USD Million
- TABLE 49 Mexico Automotive Bearings Market by Bearing Type, 2019 - 2022, USD Million
- TABLE 50 Mexico Automotive Bearings Market by Bearing Type, 2023 - 2030, USD Million
- TABLE 51 Mexico Automotive Bearings Market by Distribution Channel, 2019 - 2022, USD Million
- TABLE 52 Mexico Automotive Bearings Market by Distribution Channel, 2023 - 2030, USD Million
- TABLE 53 Mexico Automotive Bearings Market by Vehicle Type, 2019 - 2022, USD Million
- TABLE 54 Mexico Automotive Bearings Market by Vehicle Type, 2023 - 2030, USD Million
- TABLE 55 Rest of North America Automotive Bearings Market, 2019 - 2022, USD Million
- TABLE 56 Rest of North America Automotive Bearings Market, 2023 - 2030, USD Million
- TABLE 57 Rest of North America Automotive Bearings Market by Bearing Type, 2019 - 2022, USD Million
- TABLE 58 Rest of North America Automotive Bearings Market by Bearing Type, 2023 - 2030, USD Million
- TABLE 59 Rest of North America Automotive Bearings Market by Distribution Channel, 2019 - 2022, USD Million
- TABLE 60 Rest of North America Automotive Bearings Market by Distribution Channel, 2023 - 2030, USD Million
- TABLE 61 Rest of North America Automotive Bearings Market by Vehicle Type, 2019 - 2022, USD Million
- TABLE 62 Rest of North America Automotive Bearings Market by Vehicle Type, 2023 - 2030, USD Million
- TABLE 63 Key information - JTEKT Corporation
- TABLE 64 Key Information -AB SKF
- TABLE 65 Key Information - Schaeffler AG
- TABLE 66 Key Information - Nsk ltd.
- TABLE 67 Key Information - NTN COrporation
- TABLE 68 Key Information - the timken company
- TABLE 69 Key Information - Nippon Thompson Co., Ltd.
- TABLE 70 Key Information - RBC BEARINGS, inc.
- TABLE 71 Key Information - Iljin Group
- TABLE 72 Key Information - Cixing Group Co., Ltd.
List of Figures
- FIG 1 Methodology for the research
- FIG 2 North America Automotive Bearings Market, 2019 - 2030, USD Million
- FIG 3 Key Factors Impacting the Automotive Bearings Market
- FIG 4 KBV Cardinal Matrix
- FIG 5 Key Leading Strategies: Percentage Distribution (2019-2023)
- FIG 6 Porter's Five Force Analysis: Automotive Bearings Market
- FIG 7 North America Automotive Bearings Market share by Bearing Type, 2022
- FIG 8 North America Automotive Bearings Market share by Bearing Type, 2030
- FIG 9 North America Automotive Bearings Market by Bearing Type, 2019 - 2030, USD Million
- FIG 10 North America Automotive Bearings Market share by Distribution Channel, 2022
- FIG 11 North America Automotive Bearings Market share by Distribution Channel, 2030
- FIG 12 North America Automotive Bearings Market by Distribution Channel, 2019 - 2030, USD Million
- FIG 13 North America Automotive Bearings Market share by Vehicle Type, 2022
- FIG 14 North America Automotive Bearings Market share by Vehicle Type, 2030
- FIG 15 North America Automotive Bearings Market by Vehicle Type, 2019 - 2030, USD Million
- FIG 16 North America Automotive Bearings Market share by Country, 2022
- FIG 17 North America Automotive Bearings Market share by Country, 2030
- FIG 18 North America Automotive Bearings Market by Country, 2019 - 2030, USD Million
- FIG 19 Swot Analysis: JTEKT Corporation
- FIG 20 Recent strategies and developments: AB SKF
- FIG 21 SWOT Analysis: AB SKF
- FIG 22 Recent strategies and developments: Schaeffler AG
- FIG 23 SWOT Analysis: Schaeffler AG
- FIG 24 Recent strategies and developments: NSK Ltd.
- FIG 25 SWOT Analysis: NSK Ltd
- FIG 26 SWOT Analysis: NTN Corporation
- FIG 27 SWOT Analysis: The Timken Company
- FIG 28 SWOT Analysis: Nippon Thompson Co., Ltd
- FIG 29 SWOT Analysis: RBC Bearings, Inc
