Press release
Automotive Bearing Market is Poised to Grow at a CAGR of 4.9% by 2022
Automotive bearings are accountable for smooth, economical and frictionless running of automobiles. They are present in almost every part of the automobile to ensure movement safety, load handling as well as balance. Several types of bearings are used in automobiles. To name a few, thrust bearings, ball bearings, roller bearings, housed units, needle roller bearings, plummer blocks, plain bearings, spherical roller bearings, slim section bearings, ball thrust bearings, tapered roller bearings and specialized bearings are used.
These bearings are made up of different material such as metal-polymers, engineered plastics, metals and bimetals and fibre reinforced composite. The growth of the automotive bearing market is driven by various aspects such as rising technological developments, increasing production of vehicles across the globe, increasing demand for advanced bearings from emerging economies, increasing use of bearings in luxury cars etc. However, high pricing and counterfeiting are main challenges faced by the global market for automotive bearings.
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The extensive research report on “Automotive Bearing Market: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017-2022)”, presented by Future Market Insights uncovers various facets of automotive bearings, analysis on their applications in different vehicle types, sales channel analysis, etc. According to the in-depth research analysis delivered in this research report, the global automotive bearing market is poised to grow at a CAGR of 4.9% throughout the period of assessment 2017-2022.
5 Key Highlights on Global Automotive Bearing Market
Ball thrust bearings segment by bearing type category to represent significant share in the coming years. This segment is also expected to gain a high BPS by the end of the assessment period and is poised to register a CAGR of 5.3% throughout the 2017-2022 period
Fibre reinforced composite segment by material type is expected to be the fastest growing segment during the assessment period. This segment is projected to reflect a high CAGR of 5.2% with a significant market share. It holds high potential in the coming years
Asia-Pacific excluding Japan (APEJ) region is the most lucrative region for the growth of the automotive bearing market. This region is ahead of other regions with respect to growth rate as well as market valuation during the period of assessment. This region is poised to register CAGR of 5.2% through 2017-2022
OEM segment by sales channel is expected to grow at a high pace during the assessment period. However, the aftermarket segment in this category, as of 2017, holds a high market share of 63.4%
Light commercial vehicles segment by vehicle type is a potential segment with respect to the use of automotive bearings and is expected to register the highest CAGR of 5.3% throughout the period of assessment
Request to View TOC @ https://www.futuremarketinsights.com/askus/rep-gb-729
Key Player Profiles in the Global Automotive Bearing Market
The research report on global market for automotive bearings has included profiles of key players such as The Timken Company, Schaeffler AG, RKB Bearing Industries, NTN Corporation, NRB Bearings Ltd., MinebeaMitsumi Inc., JTEKT Corporation and ILJIN Bearing Co., Ltd.
ABOUT US:
Future Market Insights is the premier provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centres in the U.S. and India.
FMI’s research and consulting services help businesses around the globe navigate the challenges in a rapidly evolving marketplace with confidence and clarity. Our customised and syndicated market research reports deliver actionable insights that drive sustainable growth. We continuously track emerging trends and events in a broad range of end industries to ensure our clients prepare for the evolving needs of their consumers.
Future Market Insights
U.S. Office
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
United States
T: +1-347-918-3531
F: +1-845-579-5705
Email: sales@futuremarketinsights.com
Web: https://www.futuremarketinsights.com
These bearings are made up of different material such as metal-polymers, engineered plastics, metals and bimetals and fibre reinforced composite. The growth of the automotive bearing market is driven by various aspects such as rising technological developments, increasing production of vehicles across the globe, increasing demand for advanced bearings from emerging economies, increasing use of bearings in luxury cars etc. However, high pricing and counterfeiting are main challenges faced by the global market for automotive bearings.
Request Sample Report @ https://www.futuremarketinsights.com/reports/sample/REP-GB-729
The extensive research report on “Automotive Bearing Market: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017-2022)”, presented by Future Market Insights uncovers various facets of automotive bearings, analysis on their applications in different vehicle types, sales channel analysis, etc. According to the in-depth research analysis delivered in this research report, the global automotive bearing market is poised to grow at a CAGR of 4.9% throughout the period of assessment 2017-2022.
5 Key Highlights on Global Automotive Bearing Market
Ball thrust bearings segment by bearing type category to represent significant share in the coming years. This segment is also expected to gain a high BPS by the end of the assessment period and is poised to register a CAGR of 5.3% throughout the 2017-2022 period
Fibre reinforced composite segment by material type is expected to be the fastest growing segment during the assessment period. This segment is projected to reflect a high CAGR of 5.2% with a significant market share. It holds high potential in the coming years
Asia-Pacific excluding Japan (APEJ) region is the most lucrative region for the growth of the automotive bearing market. This region is ahead of other regions with respect to growth rate as well as market valuation during the period of assessment. This region is poised to register CAGR of 5.2% through 2017-2022
OEM segment by sales channel is expected to grow at a high pace during the assessment period. However, the aftermarket segment in this category, as of 2017, holds a high market share of 63.4%
Light commercial vehicles segment by vehicle type is a potential segment with respect to the use of automotive bearings and is expected to register the highest CAGR of 5.3% throughout the period of assessment
Request to View TOC @ https://www.futuremarketinsights.com/askus/rep-gb-729
Key Player Profiles in the Global Automotive Bearing Market
The research report on global market for automotive bearings has included profiles of key players such as The Timken Company, Schaeffler AG, RKB Bearing Industries, NTN Corporation, NRB Bearings Ltd., MinebeaMitsumi Inc., JTEKT Corporation and ILJIN Bearing Co., Ltd.
ABOUT US:
Future Market Insights is the premier provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centres in the U.S. and India.
FMI’s research and consulting services help businesses around the globe navigate the challenges in a rapidly evolving marketplace with confidence and clarity. Our customised and syndicated market research reports deliver actionable insights that drive sustainable growth. We continuously track emerging trends and events in a broad range of end industries to ensure our clients prepare for the evolving needs of their consumers.
Future Market Insights
U.S. Office
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
United States
T: +1-347-918-3531
F: +1-845-579-5705
Email: sales@futuremarketinsights.com
Web: https://www.futuremarketinsights.com
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