Global Automotive Transmission Bearings Market 2017-2021
About Automotive Transmission Bearings
Transmission systems are a part of automotive drivetrain systems that facilitate the transfer of rotational power to the wheels of vehicles. Automotive drivetrain supports the function of the powertrain in providing a connection between the engine and wheels in the form of transmission, propeller shafts, and driveshafts. Transmission system is a device used for changing power and speed of wheels at various points of time by varying the ratio between revolutions per minute (RPM) of wheel and RPM of the engine to suit the driving conditions. Transmission system and the drivetrain are responsible for transferring power produced by the crankshaft during combustion to the axles for producing tractive power at the wheels.
Technavio’s analysts forecast the global automotive transmission 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 transmission bearings market for 2017-2021. To calculate the market size, the report considers the new installations, sales, and volume.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Automotive Transmission Bearings Market 2017-2021
Technavio recognizes the following companies as the key players in the global automotive transmission bearings market: NSK, NTN Bearing, and Schaeffler
Other Prominent Vendors in the market are: BorgWarner, Honeywell, JTEKT, SKF, Timken, and ZOLLERN.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Growing introduction of ultra-low-friction sealed ball bearings. Friction has always been one of the major reasons for wear and tear in bearings. OEMs are constantly involved in R&D to market bearings units that can withstand various degrees of friction. Ultra-low-friction sealed bearings reduce friction significantly than conventional transmission bearings and limit rational torque up to 80%. NTN Bearing has developed ultra-low-friction sealed ball bearings for automotive transmission systems.”
According to the report, one of the major drivers for this market is Rising penetration of automatic transmission systems. Automatic transmission systems are gaining momentum due to the enhanced safety and comfort they provide. Increasing penetration of automatic transmission systems in the passenger car and commercial vehicle segments will lead to the increased number of bearing used in transmission systems. Effectiveness and smooth performance of an automatic transmission system depend largely on the types of transmission bearings used in it. Ball and roller bearings are the major types of bearings used in automatic transmission systems. Transmission bearings are mainly situated within the input and output ends of the shaft.
Further, the report states that one of the major factors hindering the growth of this market is Penetration of counterfeit automotive transmission bearings. Most OEMs of automotive transmission bearings have manufacturing units in emerging countries such as Brazil, Russia, China, India, and South Africa as the production cost is low in these countries. However, these countries also have many small-scale manufacturers that produce counterfeit products of known brands to gain a portion of victimized company's profits. Bearings made from these substandard quality materials cause engine breakdown and other operational malfunctions. End-users seeking huge consignments of goods with standard design parameters prefer low-priced Asian products because they bring down investments considerably. However, end-users who do not compromise on the quality of the bearings prefer recognized European manufacturers.
NSK, NTN Bearing, and Schaeffler, BorgWarner, Honeywell, JTEKT, SKF, Timken, and ZOLLERN.