Automotive Engine Bearings Market- Global Growth, Trends and Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players: SKF, Schaeffler, NTN, NSK, ILJIN, JTEKT

The global automotive engine bearings market is expected to grow at a CAGR of 5.6% during the forecast period 2022-2027.

Automotive Engine Bearings Market Overview

The high-Power transformer is a type of transformer used primarily to collect low voltage generator electric power and transmit it across distribution stations across the power grid network. It forms a crucial part of the power grid and helps in the transmission of power from one network to the other without transformation in frequency. 

Generation of electric power in low voltage is cost-effective, but it leads to high line current. The transmission of high currents leads to more line losses. But if the voltage of the incoming power is increased then efficient power transmission is permitted. Hence, a High-Power Transformer is mainly used to step up the voltage. Power transformers thus play a vital role in High Power Transmission.

Who are the Major Players in Automotive Engine Bearings Market?

The Global Automotive Engine Bearings Market study report will provide a valuable insight with an emphasis on the global market including some of the major players such as SKF, Schaeffler, NTN, NSK, ILJIN, JTEKT, Wanxiang, Nachi-Fujikoshi, GKN, Hubei New Torch, TIMKEN, GMB Corporation, Harbin Bearing, FKG Bearing, CU Group, Wafangdian Bearing

Industry News and Update

In October 2021, JTEKT Corporation (JTEKT) announced that it would merge three subsidiaries that manufacture and sells bearings Utsunomiya Kiki Co., Ltd. will be the surviving company, and Nippon Needle Roller Manufacturing Co., Ltd. (Nippon Roller) and Tokio Seiko will be merged, and the company name will be changed to "JTEKT FINETECH Co., Ltd.

In April 2021, NSK Ltd. (NSK) announced that it has developed the world's first 100% bioplastic heat-resistant cage for rolling bearings. This product addresses the low heat resistance of previous bioplastics, with the new cage able to withstand high operating temperatures of 120℃. By using NSK’s expertise in material technologies, the company selected and validated DSM N.V.'s EcoPaXX bioplastic as a rolling bearing cage material.

Market Trends, Drivers, Restraints, and Opportunities:

• Changing living standards and growing disposable revenues have improved the demand for and sales of vehicles, which in turn, is estimated to fuel the growth of the market.


• Growth in the number of vehicle fleets is expected to create opportunities in the market.


• Growing automotive manufacturing in the region is fuelling the market expansion.


• An increase in aluminum prices, particularly in the US, is expected to obstruct market growth in the country.


• An increase in the middle-class population is aiding the sales of new vehicles, which is further driving the growth of the market.


• An increase in investments in research for the development of improved vehicle parts and superior materials by companies is creating growth opportunities in the market.

What are the major Applications, Types, and Regions of the Automotive Engine Bearings Market?

The market is segmented based on the type, applications, companies, and regions.

By Type, it is segmented into

• Ball Bearings


• Plain Bearings


• Roller Bearings


• Others

By Application, it is segmented into

• Light Commercial Vehicles


• Heavy Commercial Vehicles


• Two-wheelers


• Passenger Cars


• Others

Automotive Engine Bearings Market Regional Analysis

Region-wise, the global automotive engine bearings market is segregated into North America, Europe, Asia-Pacific, and the Rest of the World. North America and Asia-Pacific dominate the automotive engine bearings market due to the presence of a large number of automobile manufacturers in these regions. Consumers inhabit their vehicles with robust and durable parts so that their vehicles have good performance and the breakdown of the engines is avoided. The nations such as Russia, Brazil, China, India, and South Africa are the global markets for automobiles which in turn will contribute significantly to the expansion of the overall automotive engine bearings market. Europe represents the second largest automotive engine bearings market worldwide and is expected to grow at a significant growth rate over the forecast period. The growing production of automotive vehicles in the region is anticipated to impel the growth of the automotive engine bearings market. Moreover, the presence of major manufacturers in the region is intended to bolster the growth of the European automotive engine bearings market.

• North America
  
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East & Africa
  
  
  • Latin America
  
  
  
  

What is our Automotive Engine Bearings Market report scope?

Key Takeaways from this Automotive Engine Bearings Market Report

• Evaluate Automotive Engine Bearings Market potential through analyzing growth rates (CAGR %), Volume (Units), and Value ($M) data given at country level - for product types, end-use applications, and by different industries verticals.


• Understand the different dynamics influencing the market - growth driving factors, specific challenges, and hidden opportunities.


• Get in-depth insights on your competitor's performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis, and more.


• Analyze the sales and distribution channels across geographies to enhance top-line revenues.


• Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies in your processes.


• Get a quick outlook on the Automotive Engine Bearings Market entropy - M&As, deals, partnerships, product launches of all key players for the past 5 years.


• Evaluate the import-export statistics, supply-demand, and competitive landscape for more than the top 20 countries globally for the market.

Frequently Asked Questions

What is the study period of this market?

• The Automotive Engine Bearings Market is studied from 2017 - to 2027.

What is the growth rate of the Automotive Engine Bearings Market?

• The Automotive Engine Bearings Market is growing at a CAGR of 5.6% over the next 5 years.

Who are the key players in Automotive Engine Bearings Market?

• SKF, Schaeffler, NTN, NSK, ILJIN, JTEKT, Wanxiang, Nachi-Fujikoshi, GKN, Hubei New Torch, TIMKEN, GMB Corporation, Harbin Bearing, FKG Bearing, CU Group, Wafangdian Bearing

What Regions does this Automotive Engine Bearings Market report cover?

• North America (the United States, Canada, and Mexico)


• Europe (Germany, France, UK, Russia, and Italy)


• Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)


• South  America (Brazil, Argentina, Colombia, etc.)


• The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

What are the significant types of Automotive Engine Bearings Market?

• Ball Bearings, Plain Bearings, Roller Bearings, Others

What are the major end-use applications of the Automotive Engine Bearings Market?

• Light Commercial Vehicles, Heavy Commercial Vehicles, Two-wheelers, Passenger Cars, Others         

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