Lucintel's latest market report analyzed that automotive bearing provides attractive opportunities in the passenger car, commercial vehicle and two-wheeler markets. The automotive bearing market is expected to reach $XX billion by 2028 with a CAGR of 6% to 8%. In this market, ball bearing is the largest segment by bearing type, whereas passenger car is largest by vehicle type.

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Based on bearing type, the automotive bearing market is segmented into ball bearing, roller bearing, and plain bearing. The ball bearing 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 as ball bearing possess the ability to rotate at high speed and the ability to withstand light to medium load, and these are primarily used in electric vehicles.

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The Automotive Bearing Market is marked by the presence of several big and small players. Some of the prominent players offering automotive bearing include ILJIN co., JTEKT Corporation, Nippon Thompson, NSK, NTN Corporation, RBC Bearings, Schaeffler AG, SKF, THK CO., and The Timken Company.

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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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