Lucintel's latest market report analyzed that electric vehicle bearing provides attractive opportunities in the passenger and commercial vehicles. The electric vehicle bearing market is expected to reach $XX billion by 2028 with a CAGR of 4% to 6%. In this market, battery electric vehicle is the largest segment by propulsion, whereas passenger is largest by vehicle type. Increasing vehicle production & sales and growing demand for power density improvement in electric vehicle powertrains provides strategic growth path in this market.
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Based on propulsion, the electric vehicle bearing market is segmented into battery electric vehicle, hybrid electric vehicle, and plug-in hybrid electric vehicle. The battery electric vehicle segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to the growing support of various government agencies by enforcing quota systems and rising strict rules for fuel economy.
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The Electric Vehicle Bearing Market is marked by the presence of several big and small players. Some of the prominent players offering electric vehicle bearing include NSK, AB SKF, NTN Corporation, JTEKT Corporation, The Timken Company, Schaeffler Technologies AG & Co. KG, and NBC Bearings.
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This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link helpdesk@lucintel.com.
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