Global Automotive Bearings Market

In general, bearings are highly engineered, precision-made components that enable machinery to move at extremely high speeds and carry remarkable loads with ease and efficiency. They must be able to offer high precision, reliability and durability, as well as the ability to rotate at high speeds with minimal noise and vibration.Automotive bearings are the wheel bearings that allowthe wheels to rotate with minimal function and support the vehicle's weight.

End-user/Technology

Automobile manufacturers are the target customers for the automotive bearings industry. Traders, distributors and suppliers of automobile parts to the manufacturers also play an important role in the industry.

Market Dynamics and Opportunities

The global market for automotive bearings is estimatedto grow at a promising rate of about7% due to the increasing production of vehicles across the globe. The inclination towards technologically advanced solution in vehicles market is driving the demand for the bearings market.

Market Segmentation

The market is segmented in terms of the type of product and the type of application. Based on product, the global automobile bearingsmarket is broadly categorized asball bearings and roller bearings. Further on the basis of application in the type of automobiles, the bearings market is categorized as passenger car, commercial vehicle, railway segment, aerospace segment, two wheelers and others.

Regional/Geographic Analysis

The global automotive bearings market is dominated by Asia Pacific owing to the rising automotive sector in various countries including India, China, Indonesia and Thailand coupled with improving standard of living, consumer awareness levels, and rising disposable income.The Asia-Pacific automotive bearings market is anticipated to grow at a CAGR of 5.2%. Europe stands at number twoand has a wide scope for bearings market due to the presence of biggest automotive players in the region.Fast-paced development of city infrastructure is influencing the growth of bearings market in Middle Eastern and Africa. The US and Western Europe are mature markets for this industry, but the recurring productions and healthy investment in this sector act as demand drivers.

Key Players

Some of the major players operating in the global automotive bearingsmarket include: Schaeffler AG., SvenskaKullagerfabriken AB, NTN Corporation, Jtekt Corporation, Iljin Bearing Co., Ltd., Timken Company, MinebeaMitsumi Inc and RKB Bearings.

Report Contents:

> Market segments

> Market Drivers, Restraints and Opportunities

> Market Size & Forecast 2016 to 2022

> Supply & Demand Value Chain

> Market - Current Trends

> Competition & Major Companies

> Technology and R&D Status

> Porters Five Force Analysis

> Strategic and Critical Success Factor Analysis of Key Players

Regional Analysis:

> North America

>> US and Canada

> Latin America

>> Mexico, Brazil, Argentina and Rest of Latin America

> Western Europe

>> EU5 (Germany, France, Italy, Spain, U.K.)

>> Nordic Countries (Denmark, Finland, Norway, and Sweden)

>> Benelux (Belgium, The Netherlands, and Luxembourg)

>> Rest of Western Europe

> Eastern Europe

>> Russia

>> Poland

>> Rest of Eastern Europe

> Asia Pacific

>> China

>> India

>> Japan

>> Australia and New Zealand

>> Rest of Asia Pacific

> Middle East and Africa

>> GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)

>> South Africa

>> North Africa

>> Rest of Middle East and Africa

This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides details on market segmentation which is derived from several product mapping exercises, macroeconomic parameters and other qualitative and quantitative insights. The impact of all such factors is delivered across multiple market segments and geographies.

Report Highlights:

> Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)

> Consumer and Pricing Analysis

> Market dynamics of the industry

> Market Segmentation

> Estimated Market Sizing in terms of volume and value

> Recent trends in Market and impact

> Research Status and Technology Overview

> Extensive Industry Structure Coverage