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Global Automotive Wheel Bearings Market 2017-2021

Global Automotive Wheel Bearings Market 2017-2021

About Automotive Wheel Bearings

Automotive wheel bearings are a set of smooth hardened circular balls or tapered rollers held within a hard metal ring, able to withstand heavy loads and facilitate the frictionless rotation of the wheel.

Technavio’s analysts forecast the global automotive wheel bearings market to grow at a CAGR of 4.62% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global automotive wheel bearings market for 2017-2021. To calculate the market size, 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 Wheel 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
  • NSK
  • NTN
  • Schaeffler
Other prominent vendors
  • JTEKT
  • Timken
  • SKF
Market driver
  • Increase in passenger car sales in emerging countries
  • For a full, detailed list, view our report
Market challenge
  • Penetration of counterfeit wheel bearings
  • For a full, detailed list, view our report
Market trend
  • Antifriction automotive wheel 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?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

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

Technavio recognizes the following companies as the key players in the global automotive wheel bearings market: NSK, NTN and Schaeffler.

Other Prominent Vendors in the market are: JTEKT, Timken and SKF.

Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is antifriction automotive wheel bearings. Friction is one of the major reasons for causing wear in wheel bearings. Ball bearings always undergo slight amounts of friction due to certain amounts of elastic deformation. Elastic deformation is caused when the wheel bearings are subjected to extreme amounts of load.”

According to the report, one driver in the market is increase in passenger car sales in emerging countries. Passenger cars occupy a major share of the automotive wheel bearings market. Hence, an increase in the sales of passenger cars will lead to higher demand for automotive wheel bearing units. Emerging countries like China and India have a lower penetration of vehicles per capita when compared with the developed economies. Hence, car OEMs are focusing on effectively penetrating passenger car markets in emerging countries. The growth of the passenger car markets in China and India is driving the demand for automotive wheel bearings in these countries.

Further, the report states that one challenge in the market is penetration of counterfeit wheel bearings. Counterfeit and used wheel bearings are increasingly being sold to reduce cost and increase profits. Many of the automotive wheel bearings imported from Brazil, Russia, China, India, and South Africa are made of sub-standard materials, which cause engine breakdowns and other operational malfunctions. End users seeking large consignments of goods with standard design parameters prefer low-priced Asian products because they bring down investments considerably.

Companies Mentioned

NSK, NTN Schaeffler, JTEKT, Timken and SKF.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Market outline
      • Table Types of bearings
      • Table Features of automotive wheel bearings
  • Market landscape
    • Market overview
      • Table Segmentation of global automotive wheel bearings market
    • Market size and forecast
      • Table Global automotive wheel bearings market 2016-2021 (millions of units)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by application
    • Global automotive wheel bearings market by application
      • Table Global automotive wheel bearings market by application
      • Table Global automotive wheel bearings market by application 2016-2021 (millions of units)
      • Table Global automotive wheel bearings market by application 2016-2021
    • Global automotive wheel bearings market in passenger cars
      • Table Global automotive wheel bearings market in passenger car segment 2016-2021 (millions of units)
    • Global automotive wheel bearings market for LCVs
      • Table Global automotive wheel bearings market for LCVs 2016-2021 (millions of units)
    • Global automotive wheel bearings market for MHCVs
      • Table Global automotive wheel bearings market for MHCVs 2016-2021 (millions of units)
  • Geographical segmentation
    • Global automotive wheel bearings market by geography
      • Table Global automotive wheel bearings market by geography 2016
      • Table Global automotive wheel bearings market by geography 2016-2021 (millions of units)
      • Table Global automotive wheel bearings market by geography 2016-2021
    • Automotive wheel bearings market in APAC
      • Table Automotive wheel bearings market in APAC 2016-2021 (millions of units)
    • Automotive wheel bearings market in the Americas
      • Table Automotive wheel bearings market in the Americas 2016-2021 (millions of units)
    • Automotive wheel bearings market in EMEA
      • Table Automotive wheel bearings market in EMEA 2016-2021 (millions of units)
  • Key leading countries
    • Table Key leading countries: Market share 2016
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
  • Market trends
    • Integration of sensors in automotive wheel bearings
    • Antifriction automotive wheel bearings
    • Greaseless bearings within automotive wheel bearings
  • Vendor landscape
    • Competitive landscape
    • Other prominent vendors
      • Table Other prominent vendors
  • Key vendor analysis
    • NSK
      • Table NSK: Geographical segmentation 2016 (%share)
      • Table NSK: Revenue segmentation 2016 (% share)
      • Table Recent developments: NSK
    • NTN
      • Table NTN: Revenue segmentation 2016 (% share)
      • Table Recent development: NTN
    • Schaeffler
      • Table Schaeffler: Revenue segmentation 2016 (% share)
      • Table Schaeffler: Geographical segmentation 2016 (% share)
  • Appendix
    • List of abbreviations
  • Explore Technavio

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