Report overview
Automotive Hub Bearing perform two very important jobs in a vehicle?s suspension. The wheel bearing allows the wheels to rotate with minimal function, and they also support the vehicle?s weight. To be able to do both of these jobs, the bearings must be in near perfect condition. The seals must also be leak free to keep the lubricant inside the bearings and contaminants out. In an average sedan that weighs around 3,400 lb, each pair of front Hub Bearing, as well as the rear wheel or axle bearings, each support 850 pounds. This all depends on the front to rear weight distribution of the vehicle. It?s a lot of weight that needs to be supported over tens of thousands of miles.
This report aims to provide a comprehensive presentation of the global market for Automotive Wheel Bearing, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Automotive Wheel Bearing. This report contains market size and forecasts of Automotive Wheel Bearing in global, including the following market information:
Global Automotive Wheel Bearing Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global Automotive Wheel Bearing Market Sales, 2018-2023, 2024-2029, (K Units)
Global top five Automotive Wheel Bearing companies in 2022 (%)
The global Automotive Wheel Bearing market was valued at US$ 7128.6 million in 2022 and is projected to reach US$ 7981.1 million by 2029, at a CAGR of 1.6% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Global Automotive Wheel Bearing main players include NTN, NSK, Schaeffler, SKF, ILJIN, JTEKT, Wanxiang, etc., totally accounting for about 30% of market. Europe is the largest market, with a share over 30%. As for the types of products, it can be divided into Gen. 1 Bearing, Gen. 2 Bearing, Gen. 3 Bearing and Other Bearing. The most common product is Gen. 2 Bearing, with a share over 46%. In terms of applications, it is widely used in Passenger Vehicle and Commercial Vehicle. The most application is in Passenger Vehicle, with a share over 79%.
We surveyed the Automotive Wheel Bearing manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Automotive Wheel Bearing Market, by Type, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global Automotive Wheel Bearing Market Segment Percentages, by Type, 2022 (%)
Gen. 1 Bearing
Gen. 2 Bearing
Gen. 3 Bearing
Other Bearing
Global Automotive Wheel Bearing Market, by Application, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global Automotive Wheel Bearing Market Segment Percentages, by Application, 2022 (%)
Passenger Vehicle
Commercial Vehicle
Global Automotive Wheel Bearing Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global Automotive Wheel Bearing Market Segment Percentages, By Region and Country, 2022 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Automotive Wheel Bearing revenues in global market, 2018-2023 (Estimated), ($ millions)
Key companies Automotive Wheel Bearing revenues share in global market, 2022 (%)
Key companies Automotive Wheel Bearing sales in global market, 2018-2023 (Estimated), (K Units)
Key companies Automotive Wheel Bearing sales share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
NSK
NTN
Schaeffler
SKF
ILJIN
JTEKT
Shuanglin NTP
Wanxiang
TIMKEN
GMB Corporation
Nachi-Fujikoshi
C&U
Harbin Bearing
Changjiang Bearing
GKN
FKG Bearing
Wafangdian Bearing
PFI
Xiangyang Auto Bearing
Changzhou Guangyang
Xiangyang Xinghuo
Shaoguan Southeast
Hubei New torch Science
Outline of Major Chapters:
Chapter 1: Introduces the definition of Automotive Wheel Bearing, market overview.
Chapter 2: Global Automotive Wheel Bearing market size in revenue and volume.
Chapter 3: Detailed analysis of Automotive Wheel Bearing manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Automotive Wheel Bearing in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Global Automotive Wheel Bearing capacity by region & country.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 11: The main points and conclusions of the report.
