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Global Automotive Steering Bearings Market 2017-2021

Global Automotive Steering Bearings Market 2017-2021

About Automotive Steering Bearings

Bearings are crucial machine elements that constrain relative motions to the desired linear or rotational motion and reduce friction between the moving parts. Bearings are broadly classified according to the type of operation and motion. Steering bearings are the crucial elements of the steering columns that constraint relative motions to the desired linear or rotational motion and reduces the friction between the moving parts. Bearings are broadly classified according to the type of operation and motion.

Technavio’s analysts forecast the global automotive steering bearings market to grow at a CAGR of 3.02% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global automotive steering 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:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Automotive Steering Bearings Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • SKF
  • Federal-Mogul
  • NTN Bearing
  • Schaeffler
  • NSK
Other prominent vendors
  • National Engineering Industries
  • The Timken Company
  • RBC Bearings
  • Ingersoll-Rand
  • ASAHI SEIKO
  • TEXSPIN® Bearings
Market driver
  • Increasing vehicle production
  • For a full, detailed list, view our report
Market challenge
  • Threat of low-cost and counterfeit products
  • For a full, detailed list, view our report
Market trend
  • Application of advanced ceramic materials for bearings
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


Press Release

Technavio Announces the Publication of its Research Report – Global Automotive Steering Bearings Market 2017-2021

Technavio recognizes the following companies as the key players in the global automotive steering bearings market: SKF, Federal-Mogul, NTN Bearing, Schaeffler, and NSK.

Other Prominent Vendors in the market are: National Engineering Industries, The Timken Company, RBC Bearings, Ingersoll-Rand, ASAHI SEIKO, and TEXSPIN® Bearings.

Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is application of advanced ceramic materials for bearings. Bearing manufactures are continuously upgrading and experimenting with new materials to meet the required expectation of customers. Ceramic bearing is made of silicon nitride (Si2N4) or white zirconia oxide (ZrO2), or, in some special applications, even a combination of both is used.”

According to the report, one driver in the market is increasing vehicle production. The global automotive market showed robust growth, with 94.29 million units (passenger cars, LCVs, and M&HCVs) produced in 2016. This is an increase of 5.07% compared to 2015, and the global automotive market showed its strength despite uncertainties in the market. The growth of the automotive market declined in Japan, Russia, and Brazil, but the market overcame the shortcoming with the sales in China, India, and Europe.

Further, the report states that one challenge in the market is threat of low-cost and counterfeit products. Counterfeit is growing rapidly globally. Bearing is one of the popular counterfeiting items, and it is expected to exceed $103 billion by 2018 due to its high consumption in the market. Companies such as SKF and NSK are among the companies that are more prone to this threat. Such fake bearings are dangerous due to the possible design failures that may occur, leading to machine damage and injuries. NSK and SKF websites have presented several examples of counterfeit bearings, which affect the plant's downtime and risk the lives of employees.

Companies Mentioned

SKF, Federal-Mogul, NTN Bearing, Schaeffler, NSK, National Engineering Industries, The Timken Company, RBC Bearings, Ingersoll-Rand, ASAHI SEIKO, and TEXSPIN® Bearings.

  • Executive summary
  • Scope of the report
  • Research methodology
  • Introduction
    • Market outline
      • Table Product lifecycle of bearings
      • Table Causes of bearing damage
  • Market landscape
    • Market overview
      • Table Global automotive steering bearings market
    • Market size and forecast
      • Table Global automotive steering bearings market 2016-2021 (millions of units)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by application
    • Global automotive steering bearings market by application
      • Table Global automotive steering bearings market by application 2016
    • Global automotive steering bearings market for passenger cars
      • Table Global automotive steering bearings market for passenger cars 2016-2021 (millions of units)
      • Table Global automotive steering bearings market for passenger cars by region (millions of units) 2016-2021
    • Global automotive steering bearings market for LCVs
      • Table Global automotive steering bearings market for LCVs 2016-2021 (millions of units)
      • Table Global automotive steering bearings market for LCVs (millions of units) 2016-2021
    • Global automotive steering bearings market for M&HCVs
      • Table Global automotive steering bearings market for M&HCVs 2016-2021 (millions of units)
      • Table Global automotive steering bearings market for M&HCVs by region (millions of units) 2016-2021
  • Regional landscape
    • Geographical segmentation
      • Table Americas – market size & forecast 2016-2021
    • Regional comparison
      • Table Regional comparison
    • APAC – market size & forecast
      • Table APAC – market size & forecast (millions of units) 2016-2021
      • Table APAC – Year-over-year growth 2017-2021 (%)
      • Table Top 3 countries in APAC
    • EMEA – market size & forecast
      • Table EMEA – market size & forecast (millions of units) 2016-2021
      • Table EMEA – Year-over-year growth 2017-2021 (%)
      • Table Top 3 countries in EMEA
    • Americas – market size & forecast
      • Table Americas – market size & forecast (millions of units) 2016-2021
      • Table Americas – Year-over-year growth 2017-2021 (%)
      • Table Top 3 countries in Americas
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
  • Market trends
    • Application of advanced ceramic materials for bearings
      • Table Advantages of ceramic bearing over conventional bearings
    • Innovative design and technology advancement
    • Lead-free eco-friendly bearings
  • Vendor landscape
    • Competitive benchmarking
    • Other prominent vendors
  • Key vendor analysis
    • SKF
      • Table Company operating business
      • Table SKF: Business segmentation by region 2016 (% share)
      • Table SKF: Business segmentation by revenue 2016 (% share)
      • Table SKF: Business revenue 2015 and 2016 ($ billions)
      • Table SKF: Recent developments
    • Federal-Mogul
      • Table Company operating business
      • Table Federal-Mogul: Bbusiness segmentation by region 2016 (% share)
      • Table Federal-Mogul: Business segmentation by revenue 2016 (% share)
      • Table Federal-Mogul: Business revenue 2015 and 2016 ($ billions)
      • Table Federal-Mogul: Recent developments
    • NTN Bearing
      • Table Company operating business
      • Table NTN Bearing: Business segmentation by region 2016 (% share)
      • Table NTN Bearing: Business revenue 2015 and 2016 ($ billions)
      • Table NTN Bearing: Business segmentation by revenue 2016 (% share)
      • Table NTN Bearing: Recent developments
    • Schaeffler
      • Table Schaeffler: Business segmentation by region 2016 (% share)
      • Table Schaeffler: Business revenue 2015 and 2016 ($ billions)
      • Table Schaeffler: Recent developments
    • NSK
      • Table Company operating business
      • Table NSK: Business segmentation by region 2016 (% share)
      • Table NSK: Business segmentation by revenue 2016 (% share)
      • Table NSK: Business revenue 2015 and 2016 ($ billions)
      • Table NSK: Recent developments
  • Appendix
    • List of abbreviations
  • Explore Technavio

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