The Europe Automotive Bearings Market would witness market growth of 6.0% CAGR during the forecast period (2023-2030).
A bearing is a machine component that limits relative motion to the intended movement and reduces friction between moving parts. Automobile bearings are essential for the vehicle's efficient and seamless operation. Their primary function is to facilitate linear or rotational motion and to withstand extreme stress. In the automotive industry, various varieties of bearings are utilized, including engine bearings, steering system bearings, transmission system bearings, and air conditioner bearings. Bearings are used in two-wheeled vehicles, personal automobiles, three-wheeled vehicles, and heavy-duty commercial vehicles.
The development of the market is fueled by the increasing emphasis on reducing vehicle weight, the increase in automobile production, and the rise in automobile sales. Moreover, the emergence of sensor bearing units and the adoption of additive manufacturing technologies and materials for the production of bearings are anticipated to create lucrative growth opportunities for market participants operating in the automotive bearings industry.
Integrating sensors into automotive bearings will likely create lucrative prospects for industry suppliers. Intelligent tires rely on sensor bearings to operate smoothly. Bearing performance, durability, and dependability are monitored by sensors. Vendors employ simulation software to enhance and alter the design of vehicle bearings to the operating environment.
The expansion of the automotive industry is vital to the European economy. The automotive industry in the European Union employs 2.6 million individuals or 8.5% of all manufacturing employment. In addition, the EU is one of the world's leading manufacturers, and the automotive industry is the largest private investor in research and development (R&D). Consequently, the European Commission encourages technical harmony and finances R&D to increase competitiveness and maintain the technological leadership of the automotive sector. The expansion of the automotive industry is anticipated to contribute to the development of the regional market.
The Germany market dominated the Europe Automotive Bearings Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $3.2 billion by 2030. The UK market is poised to grow at a CAGR of 5.1% during (2023 - 2030). Additionally, The France market would witness a CAGR of 6.8% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
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
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
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 Europe Automotive Bearings Market, by Bearing Type
1.4.2 Europe Automotive Bearings Market, by Distribution Channel
1.4.3 Europe Automotive Bearings Market, by Vehicle Type
1.4.4 Europe 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. Europe Automotive Bearings Market by Bearing Type
5.1 Europe Ball Bearing Market by Country
5.2 Europe Roller Bearing Market by Country
5.3 Europe Others Market by Country
Chapter 6. Europe Automotive Bearings Market by Distribution Channel
6.1 Europe OEM Market by Country
6.2 Europe Aftermarket Market by Country
Chapter 7. Europe Automotive Bearings Market by Vehicle Type
7.1 Europe Passenger car Market by Country
7.2 Europe Commercial Vehicle Market by Country
7.3 Europe Two-wheeler Market by Country
Chapter 8. Europe Automotive Bearings Market by Country
8.1 Germany Automotive Bearings Market
8.1.1 Germany Automotive Bearings Market by Bearing Type
8.1.2 Germany Automotive Bearings Market by Distribution Channel
8.1.3 Germany Automotive Bearings Market by Vehicle Type
8.2 UK Automotive Bearings Market
8.2.1 UK Automotive Bearings Market by Bearing Type
8.2.2 UK Automotive Bearings Market by Distribution Channel
8.2.3 UK Automotive Bearings Market by Vehicle Type
8.3 France Automotive Bearings Market
8.3.1 France Automotive Bearings Market by Bearing Type
8.3.2 France Automotive Bearings Market by Distribution Channel
8.3.3 France Automotive Bearings Market by Vehicle Type
8.4 Russia Automotive Bearings Market
8.4.1 Russia Automotive Bearings Market by Bearing Type
8.4.2 Russia Automotive Bearings Market by Distribution Channel
8.4.3 Russia Automotive Bearings Market by Vehicle Type
8.5 Spain Automotive Bearings Market
8.5.1 Spain Automotive Bearings Market by Bearing Type
8.5.2 Spain Automotive Bearings Market by Distribution Channel
8.5.3 Spain Automotive Bearings Market by Vehicle Type
8.6 Italy Automotive Bearings Market
8.6.1 Italy Automotive Bearings Market by Bearing Type
8.6.2 Italy Automotive Bearings Market by Distribution Channel
8.6.3 Italy Automotive Bearings Market by Vehicle Type
8.7 Rest of Europe Automotive Bearings Market
8.7.1 Rest of Europe Automotive Bearings Market by Bearing Type
8.7.2 Rest of Europe Automotive Bearings Market by Distribution Channel
8.7.3 Rest of Europe 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 Europe Automotive Bearings Market, 2019 - 2022, USD Million
TABLE 2 Europe 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 Europe Automotive Bearings Market by Bearing Type, 2019 - 2022, USD Million
TABLE 8 Europe Automotive Bearings Market by Bearing Type, 2023 - 2030, USD Million
TABLE 9 Europe Ball Bearing Market by Country, 2019 - 2022, USD Million
TABLE 10 Europe Ball Bearing Market by Country, 2023 - 2030, USD Million
TABLE 11 Europe Roller Bearing Market by Country, 2019 - 2022, USD Million
TABLE 12 Europe Roller Bearing Market by Country, 2023 - 2030, USD Million
TABLE 13 Europe Others Market by Country, 2019 - 2022, USD Million
TABLE 14 Europe Others Market by Country, 2023 - 2030, USD Million
TABLE 15 Europe Automotive Bearings Market by Distribution Channel, 2019 - 2022, USD Million
TABLE 16 Europe Automotive Bearings Market by Distribution Channel, 2023 - 2030, USD Million
TABLE 17 Europe OEM Market by Country, 2019 - 2022, USD Million
TABLE 18 Europe OEM Market by Country, 2023 - 2030, USD Million
TABLE 19 Europe Aftermarket Market by Country, 2019 - 2022, USD Million
TABLE 20 Europe Aftermarket Market by Country, 2023 - 2030, USD Million
TABLE 21 Europe Automotive Bearings Market by Vehicle Type, 2019 - 2022, USD Million
TABLE 22 Europe Automotive Bearings Market by Vehicle Type, 2023 - 2030, USD Million
TABLE 23 Europe Passenger car Market by Country, 2019 - 2022, USD Million
TABLE 24 Europe Passenger car Market by Country, 2023 - 2030, USD Million
TABLE 25 Europe Commercial Vehicle Market by Country, 2019 - 2022, USD Million
TABLE 26 Europe Commercial Vehicle Market by Country, 2023 - 2030, USD Million
TABLE 27 Europe Two-wheeler Market by Country, 2019 - 2022, USD Million
TABLE 28 Europe Two-wheeler Market by Country, 2023 - 2030, USD Million
TABLE 29 Europe Automotive Bearings Market by Country, 2019 - 2022, USD Million
TABLE 30 Europe Automotive Bearings Market by Country, 2023 - 2030, USD Million
TABLE 31 Germany Automotive Bearings Market, 2019 - 2022, USD Million
TABLE 32 Germany Automotive Bearings Market, 2023 - 2030, USD Million
TABLE 33 Germany Automotive Bearings Market by Bearing Type, 2019 - 2022, USD Million
TABLE 34 Germany Automotive Bearings Market by Bearing Type, 2023 - 2030, USD Million
TABLE 35 Germany Automotive Bearings Market by Distribution Channel, 2019 - 2022, USD Million
TABLE 36 Germany Automotive Bearings Market by Distribution Channel, 2023 - 2030, USD Million
TABLE 37 Germany Automotive Bearings Market by Vehicle Type, 2019 - 2022, USD Million
TABLE 38 Germany Automotive Bearings Market by Vehicle Type, 2023 - 2030, USD Million
TABLE 39 UK Automotive Bearings Market, 2019 - 2022, USD Million
TABLE 40 UK Automotive Bearings Market, 2023 - 2030, USD Million
TABLE 41 UK Automotive Bearings Market by Bearing Type, 2019 - 2022, USD Million
TABLE 42 UK Automotive Bearings Market by Bearing Type, 2023 - 2030, USD Million
TABLE 43 UK Automotive Bearings Market by Distribution Channel, 2019 - 2022, USD Million
TABLE 44 UK Automotive Bearings Market by Distribution Channel, 2023 - 2030, USD Million
TABLE 45 UK Automotive Bearings Market by Vehicle Type, 2019 - 2022, USD Million
TABLE 46 UK Automotive Bearings Market by Vehicle Type, 2023 - 2030, USD Million
TABLE 47 France Automotive Bearings Market, 2019 - 2022, USD Million
TABLE 48 France Automotive Bearings Market, 2023 - 2030, USD Million
TABLE 49 France Automotive Bearings Market by Bearing Type, 2019 - 2022, USD Million
TABLE 50 France Automotive Bearings Market by Bearing Type, 2023 - 2030, USD Million
TABLE 51 France Automotive Bearings Market by Distribution Channel, 2019 - 2022, USD Million
TABLE 52 France Automotive Bearings Market by Distribution Channel, 2023 - 2030, USD Million
TABLE 53 France Automotive Bearings Market by Vehicle Type, 2019 - 2022, USD Million
TABLE 54 France Automotive Bearings Market by Vehicle Type, 2023 - 2030, USD Million
TABLE 55 Russia Automotive Bearings Market, 2019 - 2022, USD Million
TABLE 56 Russia Automotive Bearings Market, 2023 - 2030, USD Million
TABLE 57 Russia Automotive Bearings Market by Bearing Type, 2019 - 2022, USD Million
TABLE 58 Russia Automotive Bearings Market by Bearing Type, 2023 - 2030, USD Million
TABLE 59 Russia Automotive Bearings Market by Distribution Channel, 2019 - 2022, USD Million
TABLE 60 Russia Automotive Bearings Market by Distribution Channel, 2023 - 2030, USD Million
TABLE 61 Russia Automotive Bearings Market by Vehicle Type, 2019 - 2022, USD Million
TABLE 62 Russia Automotive Bearings Market by Vehicle Type, 2023 - 2030, USD Million
TABLE 63 Spain Automotive Bearings Market, 2019 - 2022, USD Million
TABLE 64 Spain Automotive Bearings Market, 2023 - 2030, USD Million
TABLE 65 Spain Automotive Bearings Market by Bearing Type, 2019 - 2022, USD Million
TABLE 66 Spain Automotive Bearings Market by Bearing Type, 2023 - 2030, USD Million
TABLE 67 Spain Automotive Bearings Market by Distribution Channel, 2019 - 2022, USD Million
TABLE 68 Spain Automotive Bearings Market by Distribution Channel, 2023 - 2030, USD Million
TABLE 69 Spain Automotive Bearings Market by Vehicle Type, 2019 - 2022, USD Million
TABLE 70 Spain Automotive Bearings Market by Vehicle Type, 2023 - 2030, USD Million
TABLE 71 Italy Automotive Bearings Market, 2019 - 2022, USD Million
TABLE 72 Italy Automotive Bearings Market, 2023 - 2030, USD Million
TABLE 73 Italy Automotive Bearings Market by Bearing Type, 2019 - 2022, USD Million
TABLE 74 Italy Automotive Bearings Market by Bearing Type, 2023 - 2030, USD Million
TABLE 75 Italy Automotive Bearings Market by Distribution Channel, 2019 - 2022, USD Million
TABLE 76 Italy Automotive Bearings Market by Distribution Channel, 2023 - 2030, USD Million
TABLE 77 Italy Automotive Bearings Market by Vehicle Type, 2019 - 2022, USD Million
TABLE 78 Italy Automotive Bearings Market by Vehicle Type, 2023 - 2030, USD Million
TABLE 79 Rest of Europe Automotive Bearings Market, 2019 - 2022, USD Million
TABLE 80 Rest of Europe Automotive Bearings Market, 2023 - 2030, USD Million
TABLE 81 Rest of Europe Automotive Bearings Market by Bearing Type, 2019 - 2022, USD Million
TABLE 82 Rest of Europe Automotive Bearings Market by Bearing Type, 2023 - 2030, USD Million
TABLE 83 Rest of Europe Automotive Bearings Market by Distribution Channel, 2019 - 2022, USD Million
TABLE 84 Rest of Europe Automotive Bearings Market by Distribution Channel, 2023 - 2030, USD Million
TABLE 85 Rest of Europe Automotive Bearings Market by Vehicle Type, 2019 - 2022, USD Million
TABLE 86 Rest of Europe 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 Europe 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 Europe Automotive Bearings Market share by Bearing Type, 2022
FIG 8 Europe Automotive Bearings Market share by Bearing Type, 2030
FIG 9 Europe Automotive Bearings Market by Bearing Type, 2019 - 2030, USD Million
FIG 10 Europe Automotive Bearings Market share by Distribution Channel, 2022
FIG 11 Europe Automotive Bearings Market share by Distribution Channel, 2030
FIG 12 Europe Automotive Bearings Market by Distribution Channel, 2019 - 2030, USD Million
FIG 13 Europe Automotive Bearings Market share by Vehicle Type, 2022
FIG 14 Europe Automotive Bearings Market share by Vehicle Type, 2030
FIG 15 Europe Automotive Bearings Market by Vehicle Type, 2019 - 2030, USD Million
FIG 16 Europe Automotive Bearings Market share by Country, 2022
FIG 17 Europe Automotive Bearings Market share by Country, 2030
FIG 18 Europe 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