Global Automotive Roller Bearing Market Growth, Share, Size, Trends and Forecast (2024 - 2030)

By Bearing Type;

Cylindrical Roller Bearing, Tapered Roller Bearings, Needle Roller Bearings, Cam Follower Roller Bearings and Spherical Roller Bearings.

By Vehicle Type;

Passenger Car, Light Commercial Vehicle (LCV) and Heavy Commercial Vehicle (HCV).

By Sales Channel;

Original Equipment Manufacturer (OEM) and Aftermarket.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2020 - 2030).
Report ID: Rn134695040 Published Date: May, 2024 Updated Date: June, 2024

Introduction

Global Automotive Roller Bearing Market (USD Million), 2020 - 2030

In the year 2023, the Global Automotive Roller Bearing Market was valued at USD xx.x million. The size of this market is expected to increase to USD xx.x million by the year 2030, while growing at a Compounded Annual Growth Rate (CAGR) of x.x%.

The global automotive roller bearing market stands as a cornerstone within the automotive industry, serving a pivotal role in ensuring the smooth functioning and efficiency of various vehicle systems. Roller bearings are indispensable components utilized across automotive applications, including engines, transmissions, wheels, and electric powertrains. These bearings facilitate motion by reducing friction and supporting rotational or linear movement, thereby enhancing performance, durability, and reliability in vehicles. As the automotive sector undergoes continuous evolution driven by technological advancements, environmental concerns, and shifting consumer preferences, the demand for innovative roller bearing solutions remains robust.

One of the primary drivers propelling the global automotive roller bearing market is the escalating production of vehicles worldwide. With increasing urbanization, rising disposable incomes, and expanding middle-class populations, there is a growing demand for passenger cars, commercial vehicles, and electric vehicles (EVs) across regions. Roller bearings play a vital role in the manufacturing processes of these vehicles, supporting critical functions such as power transmission, suspension systems, and drivetrains. Consequently, the surge in vehicle production fuels the demand for roller bearings, driving market growth.

The automotive industry's relentless pursuit of fuel efficiency and emissions reduction further catalyzes the adoption of roller bearings. Roller bearings are renowned for their efficiency in minimizing friction and power loss, contributing to improved fuel economy and reduced emissions in vehicles. As regulatory standards become increasingly stringent worldwide, automotive manufacturers prioritize the integration of advanced bearing technologies to enhance vehicle performance while meeting environmental requirements. This emphasis on fuel efficiency and emissions reduction underscores the importance of roller bearings in modern automotive engineering.

The advent of electric vehicles represents a significant growth opportunity for the global automotive roller bearing market. EVs rely on electric motors and drivetrains, which require efficient and durable bearings to support their operation. Roller bearings, with their ability to handle high-speed rotations and heavy loads, are well-suited for EV applications. As the adoption of electric and hybrid vehicles continues to surge, driven by environmental regulations and consumer demand for sustainable transportation solutions, the demand for roller bearings used in EV components is poised to escalate. This trend presents a lucrative avenue for roller bearing manufacturers to capitalize on the electrification trend within the automotive industry.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Bearing Type
    2. Market Snapshot, By Vehicle Type
    3. Market Snapshot, By Sales Channel
    4. Market Snapshot, By Region
  4. Global Automotive Roller Bearing Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Increasing Vehicle Production
        2. Focus on Fuel Efficiency and Emissions Reduction
        3. Technological Advancements in Bearings
      2. Restraints
        1. Fluctuating Raw Material Prices
        2. Intense Competition
        3. Growing Adoption of Electric Powertrains
      3. Opportunities
        1. Focus on Lightweight and High-Performance Bearings
        2. Strategic Partnerships and Collaborations
        3. Expansion in Emerging Markets
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Automotive Roller Bearing Market, By Bearing Type, 2020- 2030(USD Million)
      1. Cylindrical Roller Bearing
      2. Tapered Roller Bearings
      3. Needle Roller Bearings
      4. Cam Follower Roller Bearings
      5. Spherical Roller Bearings
    2. Global Automotive Roller Bearing Market, By Vehicle Type, 2020- 2030(USD Million)
      1. Passenger Car
      2. Light Commercial Vehicle (LCV)
      3. Heavy Commercial Vehicle (HCV)
    3. Global Automotive Roller Bearing Market, By Sales Channel, 2020- 2030(USD Million)
      1. Original Equipment Manufacturer (OEM)
      2. Aftermarket
    4. Global Automotive Roller Bearing Market, By Geography, 2020- 2030(USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia/New Zealand
        5. South Korea
        6. ASEAN
        7. Rest of Asia Pacific
      4. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
      5. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
  6. Competitive Landscape
    1. Company Profiles
      1. RBC Bearings
      2. CW Bearing
      3. Iljin Bearing Co., Ltd
      4. NTN Corporation
      5. Svenska Kullagerfabriken AB
  7. Analyst Views
  8. Future Outlook of the Market