PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1807075
PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1807075
The global automotive bearing market for EVs is projected to rise from USD 5.81 billion in 2025 to USD 12.82 billion by 2032, at a CAGR of 11.97%. The global automotive bearing market for ICE is projected to grow from USD 31.02 billion in 2025 to USD 31.72 billion by 2032, reflecting a modest CAGR of 0.32%.
Scope of the Report | |
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Years Considered for the Study | 2021-2032 |
Base Year | 2024 |
Forecast Period | 2025-2032 |
Units Considered | Value (USD Million), Volume (Million Units) |
Segments | Bearing Type, Application, Vehicle Type, EV Type, Aftermarket, and Region |
Regions covered | Asia Pacific, Europe, North America, and the Rest of the World |
Automotive bearings play a vital role in reducing friction, enhancing efficiency, and ensuring the durability of critical vehicle systems, such as engines, transmissions, and drivelines. The rising adoption of turbocharged gasoline direct injection engines, particularly in Asia Pacific region, is significantly boosting the demand for high-performance bearings capable of withstanding high rotational speeds, extreme pressures, and elevated operating temperatures.
At the same time, increasingly stringent global environmental regulations are compelling automakers to prioritize fuel efficiency and lower emissions, which is accelerating the adoption of advanced bearing designs and next-generation materials, such as ceramics, high-performance polymers, and hybrid composites. Together, these trends are not only driving the evolution of the bearing market but also reinforcing its critical role in shaping the future of automotive engineering and sustainable mobility.
"By vehicle type, the passenger cars segment is projected to account for the largest share during the forecast period."
As automakers prioritize fuel efficiency, cabin comfort, and drivetrain durability, the demand for advanced bearing solutions, such as low-torque, noise-reducing, and high-speed designs, has grown steadily. The increasing adoption of electric passenger vehicles further accelerates this trend, as EVs require high-precision, friction-minimized bearings to support battery range and performance. Bearing manufacturers are innovating rapidly and deepening collaboration with OEMs to cater to this demand. For instance, SKF and Schaeffler have partnered to co-develop next-gen hub bearings for EV platforms, while NSK introduced ultrasonic fatigue-resistant bearing tech to enhance product lifespan. Players like NTN are launching smart sensor-embedded bearings for predictive maintenance in premium passenger models. With sustainability in focus, manufacturers are exploring ceramic hybrids, self-lubricating materials, and lightweight composites to meet regulatory and environmental goals. This makes the passenger cars segment the largest and most dynamic within the automotive bearings space.
"Germany is projected to lead the automotive bearing market in Europe during the forecast period."
Strong domestic demand for and rising export of passenger cars, particularly luxury sedans and SUVs, support a steady bearings consumption, especially for ICE vehicles where wheel hub, drivetrain, transmission, and engine applications dominate. Although EV adoption is gradually increasing under EU emission policies, the bulk of production, over 3.7 million vehicles annually, relies on conventional bearings, with OEMs focusing on efficiency, durability, and lightweight designs. Regulatory factors, including EU technical standards and external trade pressures, such as higher US tariffs on German vehicles, shape production strategies and supplier collaborations. Leading bearing manufacturers such as Schaeffler, SKF, NSK, Stieber, Freudenberg, and C&U Europe provide premium and specialized solutions to major OEMs like BMW and Mercedes-Benz, often through co-engineered designs. Key production and innovation hubs in regions like Schweinfurt and Bavaria enable close integration with automotive clusters, supporting just-in-time supply and advanced R&D in high-performance rolling element bearings, including deep groove ball, tapered roller, and cylindrical roller types. The aftermarket remains robust due to Germany's aging vehicle fleet and preventive maintenance culture, though counterfeit products present safety challenges, driving stronger quality verification measures. A strong focus on precision engineering, premium vehicle production, and close supplier partnerships is helping the country remain a key source of demand for high-performance bearings in Europe.
The global automotive bearing market is dominated by established players such as NSK Ltd. (Japan), NTN Corporation (Germany), The Timken Company (USA), JTEKT Corporation (Japan), and Nachi Fujikoshi (Japan). These companies manufacture and supply automotive bearings for vehicles.
Research Coverage
The study covers the automotive bearing market by bearing type (Ball Bearing, Roller Bearing, and Other Bearings), application (Wheel Hub, Transmission System, Drivetrain, Engine, Interior & Exterior, and Other Applications), vehicle type (Passenger Cars, Light Commercial Vehicles, and Heavy Commercial Vehicles), EV type (BEV and PHEV), and Aftermarket (Wheel Hub, Transmission System, Drivetrain, Engine, Interior & Exterior, and Other Applications). It also covers the competitive landscape and company profiles of major automotive bearing market ecosystem players.
Key Benefits of the Report
The study includes an in-depth competitive analysis of the key players in the market, along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.
The report will help the market leaders/new entrants with information on the closest approximations of the revenue numbers for the overall automotive bearing market ecosystem and its subsegments. It will also help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. Additionally, the report will help stakeholders understand the market pulse and provides information on key market drivers, restraints, challenges, and opportunities.