Automotive Steering Bearings Market

By Vehicle Type;

Passenger Cars and Light Commercial Vehicles

By Bearing Type;

Angular Contact Bearings and Deep Groove Ball Bearings

By Application;

Steering Columns and Steering Gear Mechanisms

By Material;

Steel Bearings and Plastic Bearings

By Distribution Channel;

OEM (Original Equipment Manufacturer) and Aftermarket

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa and Latin America - Report Timeline (2021 - 2031)
Report ID: Rn041086211 Published Date: September, 2025 Updated Date: October, 2025

Automotive Steering Bearings Market Overview

Automotive Steering Bearings Market (USD Million)

Automotive Steering Bearings Market was valued at USD 4287.69 million in the year 2024. The size of this market is expected to increase to USD 6033.20 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 5.0%.


Automotive Steering Bearings Market

*Market size in USD million

CAGR 5.0 %


Study Period2025 - 2031
Base Year2024
CAGR (%)5.0 %
Market Size (2024)USD 4287.69 Million
Market Size (2031)USD 6033.20 Million
Market ConcentrationMedium
Report Pages392
4287.69
2024
6033.20
2031

Major Players

  • SKF Group
  • Schaeffler AG
  • NSK Ltd
  • NTN Corporation
  • JTEKT Corporation
  • Timken Company
  • ILJIN Co., Ltd
  • RBC Bearings Incorporated
  • GGB Bearing Technology
  • Nachi-Fujikoshi Corp

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Automotive Steering Bearings Market

Fragmented - Highly competitive market without dominant players


The Automotive Steering Bearings Market is witnessing strong growth due to the rising demand for enhanced vehicle performance, precision steering control, and improved driving safety. Steering bearings are vital in reducing friction, enabling smoother wheel rotation, and ensuring reliable operation of steering systems. Nearly 65% of modern vehicles integrate advanced steering bearings, reflecting their critical role in driving efficiency and operational stability.

Growing Focus on Vehicle Safety
With increasing emphasis on driver safety and road stability, steering bearings have become indispensable in modern automotive designs. Features such as advanced driver assistance systems (ADAS) and precision handling rely heavily on robust bearing mechanisms. Currently, more than 55% of safety-oriented vehicle technologies incorporate steering bearings to ensure durable performance under varying driving conditions.

Technological Advancements in Bearing Design
Ongoing innovations in bearing materials, lightweight structures, and low-friction coatings are reshaping the market landscape. Approximately 40% of new steering bearing developments emphasize longer service life and enhanced load-bearing capacity, reducing maintenance costs while improving reliability. These advancements are also helping manufacturers align with trends in fuel efficiency and eco-friendly solutions.

Rising Demand from Electrification Trends
The growing shift toward electric vehicles (EVs) is significantly driving the need for high-performance steering bearings. Nearly 60% of electric and hybrid models are equipped with advanced steering bearing systems to support responsive steering and energy efficiency. As electrification accelerates, steering bearings are becoming a key enabler of lightweight designs and improved power utilization.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Vehicle Type
    2. Market Snapshot, By Bearing Type
    3. Market Snapshot, By Application
    4. Market Snapshot, By Material
    5. Market Snapshot, By Distribution Channel
    6. Market Snapshot, By Region
  4. Automotive Steering Bearings Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Safety regulations driving technology adoption
        2. Increasing demand for electric vehicles
        3. Focus on vehicle performance enhancement
        4. Growing automotive production globally
      2. Restraints
        1. High initial investment costs
        2. Complexities in integration and compatibility
        3. Fluctuating raw material prices
        4. Potential supply chain disruptions
      3. Opportunities
        1. Advancements in automotive technology
        2. Rise of autonomous and semi-autonomous vehicles
        3. Expansion in emerging markets
        4. Increasing focus on lightweight materials
    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. Automotive Steering Bearings Market, By Vehicle Type, 2021 - 2031 (USD Million)
      1. Passenger Cars
      2. Light Commercial Vehicles
    2. Automotive Steering Bearings Market, By Bearing Type, 2021 - 2031 (USD Million)
      1. Angular Contact Bearings
      2. Deep Groove Ball Bearings
    3. Automotive Steering Bearings Market, By Application, 2021 - 2031 (USD Million)
      1. Steering Columns
      2. Steering Gear Mechanisms
    4. Automotive Steering Bearings Market, By Material, 2021 - 2031 (USD Million)
      1. Steel Bearings
      2. Plastic Bearings
    5. Automotive Steering Bearings Market, By Distribution Channel, 2021 - 2031 (USD Million)
      1. OEM (Original Equipment Manufacturer)
      2. Aftermarket
    6. Automotive Steering Bearings Market, By Geography, 2021 - 2031 (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 (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. NSK Ltd.
      2. JTEKT Corporation
      3. Schaeffler AG
      4. Timken Company
      5. NTN Corporation
      6. SKF AB
      7. Nippon Thompson (NTN-Thompson)
      8. RBC Bearings Incorporated
      9. Iljin Co., Ltd.
      10. Koyo (now part of JTEKT)
      11. Nachi Fujikoshi
      12. THK Co., Ltd.
      13. Dana Incorporated
      14. ZF Friedrichshafen
      15. BorgWarner
  7. Analyst Views
  8. Future Outlook of the Market