Market Research Report
Automotive Bearing - Global Market Outlook (2017-2023)
|Published by||Stratistics Market Research Consulting||Product code||599936|
|Published||Content info||148 Pages
Delivery time: 2-3 business days
|Automotive Bearing - Global Market Outlook (2017-2023)|
|Published: December 1, 2017||Content info: 148 Pages||
According to Stratistics MRC, the Global Automotive Bearing Market is accounted for $180.81 billion in 2016 and is expected to reach $295.36 billion by 2023 growing at a CAGR of 7.3% during the forecast period. Increasing demand for passenger cars and commercial vehicles, rising vehicle manufacture and growing average period of vehicles are some of the key factors fueling the market growth. However, volatility raw material costs, increasing participation of OEMs in the Aftermarket are hindering the growth of the market. Future demand for individual labelling provides ample of opportunities for market growth.
By bearing type, Ball bearings are the used on a large scale in numerous applications owing to their load bearing capacity, strength, wear resistance and overall performance. Bearings are used in different vehicle types. Other major ball bearing types include angular contact ball bearings, self-aligning ball bearings, thrust ball bearings and automotive wheel hub ball bearing units. Bearings are utilized for a range of automotive applications that contains wheel center point, interior, motor, and transmission system.
By Geography, Asia Pacific is expected to grow at the highest CAGR during the forecast period attributed to the increasing demand for Automotive Bearing. North America accounted for the largest market share in the bearings sector and is expected to maintain its dominance throughout the forecast period.
Some of the key players in Automotive Bearing market include Wafangdian Bearing Group Corp, Timken Company, Svenska Kullagerfabriken AB, SNL Bearings Ltd., Schaeffler AG., RKB Bearings, RBC Bearings, ORS Bearings, NTN Corporation, NSK Ltd., Nachi Fujikoshi Corp., Minebea Co., Ltd., Jtekt Corporation, CW Bearing, C&U Bearing and Iljin Bearing Co., Ltd.
Raw Materials Covered:
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What our report offers:
NOTE: Tables for North America, Europe, South America, South America and Middle East & Africa are represented in the same manner above.