A bearing can be defined as a machine element that constrains relative motion to only the desired motion, and reduces friction between moving parts, based on its construction bearing allows free linear movement of the moving part or for free rotation around a fixed axis; or, it may prevent a motion by controlling the vectors of normal forces that bear on the moving parts. Bearings are used in various assemblies of automobiles. However, wheel bearings are specifically designed to be used in Wheel Hub Assembly (WHA), which is also referred to as hub assembly or wheel hub unit in automotive industry norms. Globally increasing demand and consumption of automobiles is expected to remain the key growth driver for wheel bearing during the period of study.
Geographically, Asia-Pacific dominated the automotive wheel bearing market driven by higher demand and consumption of automotives by 1/3rd of the world population in the countries of China and India. The demand for vehicles, especially passenger cars and two-wheelers are also on the rise in these nations, which in turn increases the demand for automotive bearings in these countries. Asia-Pacific was followed by Europe and North America as second and third largest market for the automotive wheel bearing market. Asia Pacific is projected to have the fastest growth, owing to increasing demand of automobiles in developing nations such as China and India due to increasing disposable income with majority of people in these nations as a result of strong industrial growth in recent times.
This report identifies the global automotive wheel bearing market
size during the years 2014-2016, and forecast of the same till year 2022. It also highlights the market drivers, restraints, growth indicators, challenges, and other key aspects with respect to global automotive wheel bearing market.This report segments the global automotive wheel bearing market on the basis of bearing type, vehicle type and regional market as follows:
Sample Companies Profiled in this Report are:
- Automotive wheel bearing market research report is classified on the basis of bearing type. Some of the major bearing types covered in this report are as follows: Ball bearing, Roller bearing and others
- Automotive wheel bearing market research report is classified on the basis vehicle type. Some of the major vehicle type covered in this report are as follows: Passenger Car (PC), Light Commercial Vehicle (LCV), Heavy commercial vehicle (HCV) and Two-wheelers)
- This report has been further segmented into major regions, which includes detailed analysis of each region such as: North America, Europe, Asia-Pacific (APAC), and Rest of the World (RoW) covering all the major country level markets in each of the region
- Timken Company
- Svenska Kullagerfabriken AB
- Schaeffler AG.
- Jtekt Corporation
- NTN Corporation