Automotive Bearings Market: In-depth Analysis, Demand Statistics & Competitive Outlook 2021-2026
Stratview Research has published a new report on the Automotive Bearings Market. According to the research, the market is set to witness steady growth during 2021-2026. The report on the market is segmented by Vehicle Type (Passenger Vehicle, Light Commercial Vehicle (LCV), and Medium & Heavy Commercial Vehicle (MHCV)), by Bearing Type (Ball Bearing, Roller Bearing, and Plain Bearing), by Material Type (Metallic, Non-Metallic, and Hybrid), by Application Type (Engine & Transmission System, Steering System, Wheels, and Others), by End-User Type (OE and Aftermarket), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).
This market research report provides thorough knowledge about the upcoming trends, dynamics, revenue opportunities, competitive landscape, and recent developments in the Automotive Bearings Market. The historic years considered for the study are 2016-2019, the base year is 2020, and the forecast period is 2021-2026.
Market Overview:
In the automotive industry, bearings are used to enable rotational or linear movement while reducing friction and handling stress. Bearings are usually designed to bear axial, radial, or a combination of both loads. The structure of the bearing consists of rolling elements and inner and outer races. This assembly allows one part to bear another in automobiles. When selecting a bearing for a particular application, factors like bearing friction, temperature, and lubrication along with the design and construction of the bearing need consideration.
According to the Automotive Bearings Market report, the market for bearings in the automotive industry is subjected to mark a healthy rebound in the coming years to reach an estimated value of US$ 18.31 billion in 2026.
What do we aim to solve with this report?
- By delivering concise and pertinent industry information & outlook, we aim to assist the stakeholders in navigating through the decision-making terrain.
- The report primarily aims at:
- Helping the user recognize innovative trends surrounding the Automotive Bearings Market.
- Finding out factors that assist the user in making practical business decisions.
- Highlighting the positive & negative influencers of the Automotive Bearings Market.
- Forecasting the sales, CAGR, and the dominant segments & sub-segments of the market.
- Analysing the key players/competitors in the market.
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Key players
Key players operating in the global Automotive Bearings Market are-
- Schaeffler Group
- AB SKF
- NSK Ltd.
- NTN Corporation
- JTEKT Corporation
- The Timken Company
COVID-19 Impact on Automotive Bearings Market
The COVID-19 outbreak has impacted the growth of several industries including the Automotive Bearings Market. This is mainly due to soaring coronavirus cases, the implementation of stringent lockdown measures, and limited movement of people to curb the spread of the virus. Stringent government regulations on people gathering and traveling barriers have largely affected the demand for vehicles.
Critical Questions Answered in the Report
- What are the key trends in the Automotive Bearings Market?
- How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
- What is the impact of COVID-19 on the Automotive Bearings Market?
- What are the key strategies adopted by the major vendors to lead in the global Automotive Bearings Market?
- What is the market share of top vendors?
Custom Research:
Stratview research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please connect with our team at +1-313-307-4176.
