The Asia Pacific Automotive Bearings Market would witness market growth of 6.6% CAGR during the forecast period (2023-2030).
The advancement of materials has increased the bearings' service life. Bearings in the bearing industry comprise hard coatings, ceramics, and specialty steels. By introducing new materials, such as chrome steel, precision ball bearings can now have increased hardness, wear resistance, and fatigue life. In addition, tungsten carbide bearings resistant to high tension, high temperature, high impact, erosion, and corrosion are now manufactured. Currently, these bearings have minimal lubrication and are long-lasting ball bearings. Even plastic ball bearings are now manufactured, which was previously impossible. Plastic bearings are used in situations with modest loads and highly resist attrition.
In the last few years, there has been a significant increase in the demand for commercial vehicles, which has increased the demand for automotive wheel bearings. The average age of vehicles is anticipated to boost the demand for repair, maintenance, and replacement of automotive components, thereby increasing the sales of automotive bearings. In addition, incorporating sensors into bearings for measuring speed, acceleration, and direction parameters in rotating uses is anticipated to increase demand.
During the forecast period, the size of the automotive bearing market is anticipated to be driven by the expansion of the automotive industry. Automotive bearings play a crucial function in enhancing vehicle efficiency. In the near future, innovation in bearing materials and coatings will contribute to market expansion. Carbon steel bearings are gaining popularity in this sector due to their minimal noise levels.
The automobile industry is the primary pillar of the Indian economy. It is a significant growth engine with robust forward and reverse links. In recent years, deliberate government interventions and liberalization have contributed to the expansion of the automobile industry. These actions have resulted in a dynamic, competitive market and the formation of numerous new businesses. In addition, commercial vehicle sales surpassed 5.23 million units, a 20% increase over 2019. Additionally, rising auto sales and production are anticipated to increase demand for automotive bearings, contributing to market expansion.
The China market dominated the Asia Pacific Automotive Bearings Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $5.9 billion by 2030. The Japan market is estimated to grow at a CAGR of 5.9% during (2023 - 2030). Additionally, The India market would register a CAGR of 7.1% during (2023 - 2030).
Based on Bearing Type, the market is segmented into Ball Bearing, Roller Bearing, and Others. Based on Distribution Channel, the market is segmented into OEM, and Aftermarket. Based on Vehicle Type, the market is segmented into Passenger car, Commercial Vehicle, and Two-wheeler. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Automotive Bearings Market is Projected to reach USD 52.7 Billion by 2030, at a CAGR of 6.4%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include JTEKT Corporation, AB SKF, Schaeffler AG, NSK Ltd., NTN Corporation, The Timken Company, Nippon Thompson Co., Ltd., RBC Bearings, Inc., Iljin Group, and Cixing Group Co., Ltd.
Scope of the Study
Market Segments Covered in the Report:
By Bearing Type
- Ball Bearing
- Roller Bearing
- Others
By Distribution Channel
By Vehicle Type
- Passenger car
- Commercial Vehicle
- Two-wheeler
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- JTEKT Corporation
- AB SKF
- Schaeffler AG
- NSK Ltd.
- NTN Corporation
- The Timken Company
- Nippon Thompson Co., Ltd.
- RBC Bearings, Inc.
- Iljin Group
- Cixing Group Co., Ltd.
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Asia Pacific Automotive Bearings Market, by Bearing Type
1.4.2 Asia Pacific Automotive Bearings Market, by Distribution Channel
1.4.3 Asia Pacific Automotive Bearings Market, by Vehicle Type
1.4.4 Asia Pacific Automotive Bearings Market, by Country
1.5 Methodology for the research
Chapter 2. Market At a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
Chapter 4. Competition Analysis - Global
4.1 KBV Cardinal Matrix
4.2 Recent Industry Wide Strategic Developments
4.2.1 Partnerships, Collaborations and Agreements
4.2.2 Product Launches and Product Expansions
4.2.3 Acquisition and Mergers
4.2.4 Geographical Expansions
4.3 Top Winning Strategies
4.3.1 Key Leading Strategies: Percentage Distribution (2019-2023)
4.4 Porter’s Five Force Analysis
Chapter 5. Asia Pacific Automotive Bearings Market by Bearing Type
5.1 Asia Pacific Ball Bearing Market by Country
5.2 Asia Pacific Roller Bearing Market by Country
5.3 Asia Pacific Others Market by Country
Chapter 6. Asia Pacific Automotive Bearings Market by Distribution Channel
6.1 Asia Pacific OEM Market by Country
6.2 Asia Pacific Aftermarket Market by Country
Chapter 7. Asia Pacific Automotive Bearings Market by Vehicle Type
7.1 Asia Pacific Passenger car Market by Country
7.2 Asia Pacific Commercial Vehicle Market by Country
7.3 Asia Pacific Two-wheeler Market by Country
Chapter 8. Asia Pacific Automotive Bearings Market by Country
8.1 China Automotive Bearings Market
8.1.1 China Automotive Bearings Market by Bearing Type
8.1.2 China Automotive Bearings Market by Distribution Channel
8.1.3 China Automotive Bearings Market by Vehicle Type
8.2 Japan Automotive Bearings Market
8.2.1 Japan Automotive Bearings Market by Bearing Type
8.2.2 Japan Automotive Bearings Market by Distribution Channel
8.2.3 Japan Automotive Bearings Market by Vehicle Type
8.3 India Automotive Bearings Market
8.3.1 India Automotive Bearings Market by Bearing Type
8.3.2 India Automotive Bearings Market by Distribution Channel
8.3.3 India Automotive Bearings Market by Vehicle Type
8.4 South Korea Automotive Bearings Market
8.4.1 South Korea Automotive Bearings Market by Bearing Type
8.4.2 South Korea Automotive Bearings Market by Distribution Channel
8.4.3 South Korea Automotive Bearings Market by Vehicle Type
8.5 Singapore Automotive Bearings Market
8.5.1 Singapore Automotive Bearings Market by Bearing Type
8.5.2 Singapore Automotive Bearings Market by Distribution Channel
8.5.3 Singapore Automotive Bearings Market by Vehicle Type
8.6 Malaysia Automotive Bearings Market
8.6.1 Malaysia Automotive Bearings Market by Bearing Type
8.6.2 Malaysia Automotive Bearings Market by Distribution Channel
8.6.3 Malaysia Automotive Bearings Market by Vehicle Type
8.7 Rest of Asia Pacific Automotive Bearings Market
8.7.1 Rest of Asia Pacific Automotive Bearings Market by Bearing Type
8.7.2 Rest of Asia Pacific Automotive Bearings Market by Distribution Channel
8.7.3 Rest of Asia Pacific Automotive Bearings Market by Vehicle Type
Chapter 9. Company Profiles
9.1 JTEKT Corporation
9.1.1 Company Overview
9.1.2 Financial Analysis
9.1.3 Segmental Analysis
9.1.4 Research & Development Expenses
9.1.5 Recent strategies and developments:
9.1.5.1 Product Launches and Product Expansions:
9.1.6 SWOT Analysis
9.2 AB SKF
9.2.1 Company Overview
9.2.2 Financial Analysis
9.2.3 Segmental and Regional Analysis
9.2.4 Research & Development Expenses
9.2.5 Recent strategies and developments:
9.2.5.1 Partnerships, Collaborations, and Agreements:
9.2.5.2 Product Launches and Product Expansions:
9.2.5.3 Acquisition and Mergers:
9.2.6 SWOT Analysis
9.3 Schaeffler AG
9.3.1 Company Overview
9.3.2 Financial Analysis
9.3.3 Segmental and Regional Analysis
9.3.4 Research & Development Expenses
9.3.5 Recent strategies and developments:
9.3.5.1 Acquisition and Mergers:
9.3.5.2 Geographical Expansions:
9.3.6 SWOT Analysis
9.4 NSK Ltd.
9.4.1 Company Overview
9.4.2 Financial Analysis
9.4.3 Segmental and Regional Analysis
9.4.4 Research & Development Expenses
9.4.5 Recent strategies and developments:
9.4.5.1 Product Launches and Product Expansions:
9.4.5.2 Acquisition and Mergers:
9.4.6 SWOT Analysis
9.5 NTN Corporation
9.5.1 Company Overview
9.5.2 Financial Analysis
9.5.3 Segmental Analysis
9.5.4 Research & Development Expenses
9.5.5 Recent strategies and developments:
9.5.5.1 Product Launches and Product Expansions:
9.5.6 SWOT Analysis
9.6 The Timken Company
9.6.1 Company Overview
9.6.2 Financial Analysis
9.6.3 Segmental and Regional Analysis
9.6.4 Research & Development Expenses
9.6.5 Recent strategies and developments:
9.6.5.1 Acquisition and Mergers:
9.6.6 SWOT Analysis
9.7 Nippon Thompson Co., Ltd.
9.7.1 Company Overview
9.7.2 Financial Analysis
9.7.3 Segmental Analysis
9.7.4 Research & Development Expenses
9.7.5 SWOT Analysis
9.8 RBC Bearings, Inc.
9.8.1 Company Overview
9.8.2 Financial Analysis
9.8.3 Segmental Analysis
9.8.4 Recent strategies and developments:
9.8.4.1 Acquisition and Mergers:
9.8.5 SWOT Analysis
9.9 Iljin Group
9.9.1 Company Overview
9.10. Cixing Group Co., Ltd.
9.10.1 Company Overview
TABLE 1 Asia Pacific Automotive Bearings Market, 2019 - 2022, USD Million
TABLE 2 Asia Pacific Automotive Bearings Market, 2023 - 2030, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Automotive Bearings Market
TABLE 4 Product Launches And Product Expansions– Automotive Bearings Market
TABLE 5 Acquisition and Mergers – Automotive Bearings Market
TABLE 6 Geographical Expansions – Automotive Bearings Market
TABLE 7 Asia Pacific Automotive Bearings Market by Bearing Type, 2019 - 2022, USD Million
TABLE 8 Asia Pacific Automotive Bearings Market by Bearing Type, 2023 - 2030, USD Million
TABLE 9 Asia Pacific Ball Bearing Market by Country, 2019 - 2022, USD Million
TABLE 10 Asia Pacific Ball Bearing Market by Country, 2023 - 2030, USD Million
TABLE 11 Asia Pacific Roller Bearing Market by Country, 2019 - 2022, USD Million
TABLE 12 Asia Pacific Roller Bearing Market by Country, 2023 - 2030, USD Million
TABLE 13 Asia Pacific Others Market by Country, 2019 - 2022, USD Million
TABLE 14 Asia Pacific Others Market by Country, 2023 - 2030, USD Million
TABLE 15 Asia Pacific Automotive Bearings Market by Distribution Channel, 2019 - 2022, USD Million
TABLE 16 Asia Pacific Automotive Bearings Market by Distribution Channel, 2023 - 2030, USD Million
TABLE 17 Asia Pacific OEM Market by Country, 2019 - 2022, USD Million
TABLE 18 Asia Pacific OEM Market by Country, 2023 - 2030, USD Million
TABLE 19 Asia Pacific Aftermarket Market by Country, 2019 - 2022, USD Million
TABLE 20 Asia Pacific Aftermarket Market by Country, 2023 - 2030, USD Million
TABLE 21 Asia Pacific Automotive Bearings Market by Vehicle Type, 2019 - 2022, USD Million
TABLE 22 Asia Pacific Automotive Bearings Market by Vehicle Type, 2023 - 2030, USD Million
TABLE 23 Asia Pacific Passenger car Market by Country, 2019 - 2022, USD Million
TABLE 24 Asia Pacific Passenger car Market by Country, 2023 - 2030, USD Million
TABLE 25 Asia Pacific Commercial Vehicle Market by Country, 2019 - 2022, USD Million
TABLE 26 Asia Pacific Commercial Vehicle Market by Country, 2023 - 2030, USD Million
TABLE 27 Asia Pacific Two-wheeler Market by Country, 2019 - 2022, USD Million
TABLE 28 Asia Pacific Two-wheeler Market by Country, 2023 - 2030, USD Million
TABLE 29 Asia Pacific Automotive Bearings Market by Country, 2019 - 2022, USD Million
TABLE 30 Asia Pacific Automotive Bearings Market by Country, 2023 - 2030, USD Million
TABLE 31 China Automotive Bearings Market, 2019 - 2022, USD Million
TABLE 32 China Automotive Bearings Market, 2023 - 2030, USD Million
TABLE 33 China Automotive Bearings Market by Bearing Type, 2019 - 2022, USD Million
TABLE 34 China Automotive Bearings Market by Bearing Type, 2023 - 2030, USD Million
TABLE 35 China Automotive Bearings Market by Distribution Channel, 2019 - 2022, USD Million
TABLE 36 China Automotive Bearings Market by Distribution Channel, 2023 - 2030, USD Million
TABLE 37 China Automotive Bearings Market by Vehicle Type, 2019 - 2022, USD Million
TABLE 38 China Automotive Bearings Market by Vehicle Type, 2023 - 2030, USD Million
TABLE 39 Japan Automotive Bearings Market, 2019 - 2022, USD Million
TABLE 40 Japan Automotive Bearings Market, 2023 - 2030, USD Million
TABLE 41 Japan Automotive Bearings Market by Bearing Type, 2019 - 2022, USD Million
TABLE 42 Japan Automotive Bearings Market by Bearing Type, 2023 - 2030, USD Million
TABLE 43 Japan Automotive Bearings Market by Distribution Channel, 2019 - 2022, USD Million
TABLE 44 Japan Automotive Bearings Market by Distribution Channel, 2023 - 2030, USD Million
TABLE 45 Japan Automotive Bearings Market by Vehicle Type, 2019 - 2022, USD Million
TABLE 46 Japan Automotive Bearings Market by Vehicle Type, 2023 - 2030, USD Million
TABLE 47 India Automotive Bearings Market, 2019 - 2022, USD Million
TABLE 48 India Automotive Bearings Market, 2023 - 2030, USD Million
TABLE 49 India Automotive Bearings Market by Bearing Type, 2019 - 2022, USD Million
TABLE 50 India Automotive Bearings Market by Bearing Type, 2023 - 2030, USD Million
TABLE 51 India Automotive Bearings Market by Distribution Channel, 2019 - 2022, USD Million
TABLE 52 India Automotive Bearings Market by Distribution Channel, 2023 - 2030, USD Million
TABLE 53 India Automotive Bearings Market by Vehicle Type, 2019 - 2022, USD Million
TABLE 54 India Automotive Bearings Market by Vehicle Type, 2023 - 2030, USD Million
TABLE 55 South Korea Automotive Bearings Market, 2019 - 2022, USD Million
TABLE 56 South Korea Automotive Bearings Market, 2023 - 2030, USD Million
TABLE 57 South Korea Automotive Bearings Market by Bearing Type, 2019 - 2022, USD Million
TABLE 58 South Korea Automotive Bearings Market by Bearing Type, 2023 - 2030, USD Million
TABLE 59 South Korea Automotive Bearings Market by Distribution Channel, 2019 - 2022, USD Million
TABLE 60 South Korea Automotive Bearings Market by Distribution Channel, 2023 - 2030, USD Million
TABLE 61 South Korea Automotive Bearings Market by Vehicle Type, 2019 - 2022, USD Million
TABLE 62 South Korea Automotive Bearings Market by Vehicle Type, 2023 - 2030, USD Million
TABLE 63 Singapore Automotive Bearings Market, 2019 - 2022, USD Million
TABLE 64 Singapore Automotive Bearings Market, 2023 - 2030, USD Million
TABLE 65 Singapore Automotive Bearings Market by Bearing Type, 2019 - 2022, USD Million
TABLE 66 Singapore Automotive Bearings Market by Bearing Type, 2023 - 2030, USD Million
TABLE 67 Singapore Automotive Bearings Market by Distribution Channel, 2019 - 2022, USD Million
TABLE 68 Singapore Automotive Bearings Market by Distribution Channel, 2023 - 2030, USD Million
TABLE 69 Singapore Automotive Bearings Market by Vehicle Type, 2019 - 2022, USD Million
TABLE 70 Singapore Automotive Bearings Market by Vehicle Type, 2023 - 2030, USD Million
TABLE 71 Malaysia Automotive Bearings Market, 2019 - 2022, USD Million
TABLE 72 Malaysia Automotive Bearings Market, 2023 - 2030, USD Million
TABLE 73 Malaysia Automotive Bearings Market by Bearing Type, 2019 - 2022, USD Million
TABLE 74 Malaysia Automotive Bearings Market by Bearing Type, 2023 - 2030, USD Million
TABLE 75 Malaysia Automotive Bearings Market by Distribution Channel, 2019 - 2022, USD Million
TABLE 76 Malaysia Automotive Bearings Market by Distribution Channel, 2023 - 2030, USD Million
TABLE 77 Malaysia Automotive Bearings Market by Vehicle Type, 2019 - 2022, USD Million
TABLE 78 Malaysia Automotive Bearings Market by Vehicle Type, 2023 - 2030, USD Million
TABLE 79 Rest of Asia Pacific Automotive Bearings Market, 2019 - 2022, USD Million
TABLE 80 Rest of Asia Pacific Automotive Bearings Market, 2023 - 2030, USD Million
TABLE 81 Rest of Asia Pacific Automotive Bearings Market by Bearing Type, 2019 - 2022, USD Million
TABLE 82 Rest of Asia Pacific Automotive Bearings Market by Bearing Type, 2023 - 2030, USD Million
TABLE 83 Rest of Asia Pacific Automotive Bearings Market by Distribution Channel, 2019 - 2022, USD Million
TABLE 84 Rest of Asia Pacific Automotive Bearings Market by Distribution Channel, 2023 - 2030, USD Million
TABLE 85 Rest of Asia Pacific Automotive Bearings Market by Vehicle Type, 2019 - 2022, USD Million
TABLE 86 Rest of Asia Pacific Automotive Bearings Market by Vehicle Type, 2023 - 2030, USD Million
TABLE 87 Key information – JTEKT Corporation
TABLE 88 Key Information –AB SKF
TABLE 89 Key Information – Schaeffler AG
TABLE 90 Key Information – Nsk ltd.
TABLE 91 Key Information – NTN COrporation
TABLE 92 Key Information – the timken company
TABLE 93 Key Information – Nippon Thompson Co., Ltd.
TABLE 94 Key Information – RBC BEARINGS, inc.
TABLE 95 Key Information – Iljin Group
TABLE 96 Key Information – Cixing Group Co., Ltd.
List of Figures
FIG 1 Methodology for the research
FIG 2 Asia Pacific Automotive Bearings Market, 2019 - 2030, USD Million
FIG 3 Key Factors Impacting the Automotive Bearings Market
FIG 4 KBV Cardinal Matrix
FIG 5 Key Leading Strategies: Percentage Distribution (2019-2023)
FIG 6 Porter’s Five Force Analysis: Automotive Bearings Market
FIG 7 Asia Pacific Automotive Bearings Market share by Bearing Type, 2022
FIG 8 Asia Pacific Automotive Bearings Market share by Bearing Type, 2030
FIG 9 Asia Pacific Automotive Bearings Market by Bearing Type, 2019 - 2030, USD Million
FIG 10 Asia Pacific Automotive Bearings Market share by Distribution Channel, 2022
FIG 11 Asia Pacific Automotive Bearings Market share by Distribution Channel, 2030
FIG 12 Asia Pacific Automotive Bearings Market by Distribution Channel, 2019 - 2030, USD Million
FIG 13 Asia Pacific Automotive Bearings Market share by Vehicle Type, 2022
FIG 14 Asia Pacific Automotive Bearings Market share by Vehicle Type, 2030
FIG 15 Asia Pacific Automotive Bearings Market by Vehicle Type, 2019 - 2030, USD Million
FIG 16 Asia Pacific Automotive Bearings Market share by Country, 2022
FIG 17 Asia Pacific Automotive Bearings Market share by Country, 2030
FIG 18 Asia Pacific Automotive Bearings Market by Country, 2019 - 2030, USD Million
FIG 19 Swot Analysis: JTEKT Corporation
FIG 20 Recent strategies and developments: AB SKF
FIG 21 SWOT Analysis: AB SKF
FIG 22 Recent strategies and developments: Schaeffler AG
FIG 23 SWOT Analysis: Schaeffler AG
FIG 24 Recent strategies and developments: NSK Ltd.
FIG 25 SWOT Analysis: NSK Ltd
FIG 26 SWOT Analysis: NTN Corporation
FIG 27 SWOT Analysis: The Timken Company
FIG 28 SWOT Analysis: Nippon Thompson Co., Ltd
FIG 29 SWOT Analysis: RBC Bearings, Inc