Automotive Bearing Market - By Type: Ball Bearings, Roller Bearings, Tapered Roller Bearings, Needle Bearings, Thrust Bearings. By Vehicle Type: Passenger Vehicles, Commercial Vehicles, Electric Vehicles. By Region: North America, Europe, Asia-Pacific, Latin America, Middle East & Africa. By End-user Industry: Automotive, OEMs. By Application: Engine, Transmission, Steering, Wheel.
The global Automotive Bearing Market was valued at USD 24.5 billion in 2023 and is projected to reach USD 39.8 billion by 2031, growing at a CAGR of 6.2%. Rising vehicle production, EV adoption, and demand for high-performance, lightweight components drive the market.
2024 Market Breakthroughs
Market Drivers
1. EV Revolution
2. Lightweighting Initiatives
3. Predictive Maintenance
Competitive Landscape
|
Company |
Market Share |
Flagship Innovation |
Strategic Edge |
|
SKF |
25% |
Sensorized Smart Bearings |
IoT integration leader |
|
NSK |
20% |
EV Insulated Bearings |
800V system specialization |
|
Schaeffler |
18% |
Active Cage Technology |
Dynamic load optimization |
Emerging Disruptors:
Market Segmentation
Recent Developments (2024)
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