About Automotive Performance Engine Bearings
A bearing needs a different mix of properties: it is hard enough to resist wear but soft enough not to damage the shaft. The bearing also restricts any deposits or particles in the film of oil to erode the shaft or the crank surface. It is a mixture of metals, which make a balance between hardness and softness. Bi-metal aluminum engine bearings are most recommended in factory-fit engines as these are lead-free and less expensive to produce than a tri-metal lead-copper bearing. The bi-metal bearings can last over 200,000 miles in most of the stock fitment cases; though the life of the bearing does depend on the maintenance of and quality of driving the vehicle.
Technavio’s analysts forecast the global automotive performance engine bearings market to grow at a CAGR of 6.10% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global automotive performance engine bearings market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Automotive Performance Engine Bearings Market 2017-2021
Technavio recognizes the following companies as the key players in the global automotive performance engine bearings market: MAHLE, King Engine Bearings, and Timken.
Other Prominent Vendors in the market are: Boca Bearings, Dura-Bond Bearing Company, ACL Distribution, and Daido Metal.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is aftermarket consumption of performance engine bearings. The aftermarket for performance engine bearing indicates higher sales volume for the next decade. The aftermarket sales channel is 12.12% of the total performance engine bearing market.”
According to the report, one driver in the market is motorsports encourages adoption of performance products. The motorsports market is dominated by countries like the US, Germany, Italy, Spain, France, the UK, Japan, and Australia. The US boasts of a big market in terms of racing events and technological development globally. Racing events like INDY, NASCAR, ARCA, NHRA, and IHRA as well as other forms of motorsports have proven to be an attraction for the performance technology. Also, the aftermarket in the US is quite substantial in engine modification and power enhancement. Countries like the US, the UK, Germany, and Japan have well developed local technology experts.
Further, the report states that one challenge in the market is high-performance electric motors will penetrate performance vehicle segment. The major OEMs in the automotive industry have shown a strong intent for electric vehicle development and launches for the next four years. This has happened after a much critical Tesla had innovated high energy density electric battery and efficient motors to deliver longer drive range on a single charge. BMW had introduced the BMW i3 and BMW i8 and planned to further expand its line by introducing electric models for X3 and Mini. Volkswagen had announced that it would take its first attempt to enter the electric vehicle segment and introduce about 30 innovative mass production electric vehicles by the end of 2028.
MAHLE, King Engine Bearings, and Timken, Boca Bearings, Dura-Bond Bearing Company, ACL Distribution, and Daido Metal.