Automotive Engine Bearings Market by Type (Camshaft Bearings, Main Bearings, Rod Bearings), Propulsion System (Battery Electric Vehicle, Fuel Cell Electric Vehicle, Hybrid Electric Vehicle), Distribution Channel, Vehicle Type - Global Forecast 2024-2030

Automotive Engine Bearings Market by Type (Camshaft Bearings, Main Bearings, Rod Bearings), Propulsion System (Battery Electric Vehicle, Fuel Cell Electric Vehicle, Hybrid Electric Vehicle), Distribution Channel, Vehicle Type - Global Forecast 2024-2030

The Automotive Engine Bearings Market size was estimated at USD 29.74 billion in 2023 and expected to reach USD 31.24 billion in 2024, at a CAGR 5.14% to reach USD 42.25 billion by 2030.

Automotive engine bearings are crucial components in vehicles, supporting the rotational movements of the crankshaft and camshaft, among other parts of an engine. These bearings help to reduce friction between moving parts, ensure proper alignment, and facilitate the engine's smooth operation. The expanding use of automotive engine bearings is driven by increasing vehicle production and sales, growing consumer awareness regarding vehicle maintenance, and advancements in materials and technology that improve the durability and performance of these bearings. However, the shift towards electric vehicles, which have fewer moving parts and thus require fewer bearings, poses a long-term challenge to the demand for traditional automotive engine bearings. Despite these challenges, the development of bearings that can withstand higher pressures and temperatures, and those made from more environmentally friendly materials, are expected to raise the demand and present new growth avenues.

Regional Insights

In the Americas, the market for automotive engine bearings is showing a steady growth trajectory, driven primarily by the increasing demand for more efficient vehicles and the adoption of advanced technologies in automotive manufacturing. The United States, in particular, observes higher demand for these bearings owing to its well-established automotive industry and ongoing investments in automotive research and development. European countries, including France, Germany, and Italy, are known for their robust automotive industries, showcasing rapid growth in the automotive engine bearings market. The MEA region is experiencing a rising demand for passenger and commercial vehicles, increasing the need for automotive components such as engine bearings. The push towards reducing carbon emissions and enhancing vehicle performance is steering the development of more sophisticated engine bearings in EMEA. In Asia-Pacific, the market for automotive engine bearings is witnessing rapid growth, fueled by the expanding automotive production in China, India, and Japan. APAC benefits from lower production costs, increasing automotive manufacturing, and a rising middle-class population with growing purchasing power.

Market Insights

Market Dynamics

The market dynamics represent an ever-changing landscape of the Automotive Engine Bearings Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

Market Drivers

• Surging demand and production of automotive worldwide
• Growing penetration of electric vehicles with the global push for cleaner transportation modes

Market Restraints

• Fluctuations and scarcity of raw material supplies

Market Opportunities

• Advancements in material science and engineering for engine bearings
• Strategic partnerships between bearing manufacturers and automotive OEMs

Market Challenges

• Possibility of product recalls due to quality issues

Market Segmentation Analysis

• Type: Significant applications of thrust bearings to maintain the balance and coordination of internal engine movements
• Distribution Channel: Higher preferences for OEM channels to ensure full compatibility of bearings and optimal performance of vehicle

Market Disruption Analysis

• Porter’s Five Forces Analysis
• Value Chain & Critical Path Analysis
• Pricing Analysis
• Technology Analysis
• Patent Analysis
• Trade Analysis
• Regulatory Framework Analysis

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Automotive Engine Bearings Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Automotive Engine Bearings Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments

Strategic Partnership Between Daido Metal USA and Roush Yates Engines to Enhance Racing Performance

Daido Metal USA has secured an exclusive partnership with Roush Yates Engines. Under the terms of this collaboration, Daido Metal has been named as the sole supplier of engine bearings for Roush Yates. This partnership underscores Daido's commitment to providing high-reliability solutions in the demanding arena of motorsports, where performance and endurance are critical.

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Automotive Engine Bearings Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the Automotive Engine Bearings Market, highlighting leading vendors and their innovative profiles. These include , MAHLE Group, C&U Company Limited, CW Bearing GmbH, Daido Metal Co. Ltd., DRiV Automotive Inc. by Tenneco Company, FAI Automotive PLC, Garima Global Pvt Ltd., Harbin Bearing Manufacturing Co. Ltd., JTEKT Corporation, King Engine Bearings, Metalliic Auto Liners Pvt. Ltd., NRB Bearings Limited, NSK Ltd., NTN Group, Rheinmetall AG, RKB Bearing Industries, RMP Bearings Ltd, Schaeffler AG, SKF Group, and The Timken Company.

Market Segmentation & Coverage

This research report categorizes the Automotive Engine Bearings Market to forecast the revenues and analyze trends in each of the following sub-markets:

• Type
• Camshaft Bearings
• Main Bearings
• Rod Bearings
• Thrust Bearings
• Propulsion System
• Battery Electric Vehicle
• Fuel Cell Electric Vehicle
• Hybrid Electric Vehicle
• Internal Combustion Engine Vehicle
• Plug-in Electric Vehicle
• Plug-in Hybrid Electric Vehicle
• Distribution Channel
• Aftermarket
• OEM
• Vehicle Type
• Commercial Cars
• Heavy Commercial Vehicles
• Light Commercial Vehicles
• Passenger Cars

Region

• Americas
• Argentina
• Brazil
• Canada
• Mexico
• United States
• California
• Florida
• Illinois
• New York
• Ohio
• Pennsylvania
• Texas
• Asia-Pacific
• Australia
• China
• India
• Indonesia
• Japan
• Malaysia
• Philippines
• Singapore
• South Korea
• Taiwan
• Thailand
• Vietnam
• Europe, Middle East & Africa
• Denmark
• Egypt
• Finland
• France
• Germany
• Israel
• Italy
• Netherlands
• Nigeria
• Norway
• Poland
• Qatar
• Russia
• Saudi Arabia
• South Africa
• Spain
• Sweden
• Switzerland
• Turkey
• United Arab Emirates
• United Kingdom

Please Note: PDF & Excel + Online Access - 1 Year Show more