The global automotive engine bearings market is expected to grow at a CAGR of 5.6% during the forecast period 2022-2027.
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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:
The market is segmented based on the type, applications, companies, and regions.
By Type, it is segmented into
By Application, it is segmented into
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.
Report Attributes | Report Details |
Forecast Period 2022 to 2028 CAGR | CAGR of 5.6% during the review period (2022 to 2027). |
By Type |
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By Application |
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By Companies | SKF, Schaeffler, NTN, NSK, ILJIN, JTEKT, Wanxiang, Nachi-Fujikoshi, GKN, Hubei New Torch, TIMKEN, GMB Corporation, Harbin Bearing, FKG Bearing, CU Group, Wafangdian Bearing |
Regions Covered |
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Countries Covered |
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Base Year | 2022 |
Historical Year | 2017 to 2021 |
Forecast Year | 2022 to 2027 |
Number of Pages | 135 |
Customization Available | Yes, the report can be customized as per your needs |
What are the significant types of Automotive Engine Bearings Market?
All our reports are custom made to your company's needs to a certain extent, we do provide 5 free consulting hours along with the purchase of each report, and this will allow you to request any additional data to customize the report to your needs.
SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
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