Press Resease

Automotive Hub Bearing Market by Technology (Ball and Tapered) for Passenger Vehicle and Commercial Vehicle Applications: Global Industry Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends and Forecast, 2016 - 2026

Published Date: 15-Jul-2016 Category: Automotive Report Format : PDF Pages: 110 Report Code: ZMR-36 Status : Published

Global demand for automotive hub bearing market was valued at approximately USD 6.55 billion in 2019, and is expected to generate revenue of around USD 9.67 billion by end of 2026, growing at a CAGR of around 5.8% between 2020 and 2026.

Description

The report covers forecast and analysis for the automotive hub bearing market on a global and regional level. The study provides historic data from 2016 to 2019 along with a forecast from 2020 to 2026 based on volume (Million Units) and revenue (USD million). The study includes drivers and restraints for the automotive hub bearing market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the automotive hub bearing market on a global level.

In order to give the users of this report a comprehensive view on the automotive hub bearing market, we have included a detailed value chain analysis. To understand the competitive landscape in the market, an analysis of Porter’s Five Forces model for the automotive hub bearing market has also been included. The study encompasses a market attractiveness analysis, wherein technology segments and applications segments are benchmarked based on their market size, growth rate and general attractiveness.

The study provides a decisive view on the automotive hub bearing market by segmenting the market based on applications. All the application segments have been analyzed based on present and future trends and the market is estimated from 2016 to 2026. Key technology type segmented market covered under this study includes ball and tapered. Key application segments covered under this study includes passenger vehicle and commercial vehicle. The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America and Middle East and Africa with its further bifurcation into major countries including U.S. Germany, France, UK, China, Japan, India and Brazil. This segmentation includes demand for automotive hub bearing based on individual applications in all the regions and countries.

The report also includes detailed profiles of end players such as SKF, Schaeffer, NSK, JTEKT, NTN, TIMKEN, GKN, ILJIN GROUP, GMB Corporation, Nachi-Fujikoshi, FKG Bearing, and PFI. The detailed description of players includes parameters such as company overview, financial overview, business strategies and recent developments of the company..

This report segments the global automotive hub bearing market as follows:

Global Automotive Hub Bearing Market: Technology Segment Analysis

  • Ball
  • Tapered

Global Automotive Hub Bearing Market: Application Segment Analysis

  • Passenger Vehicle
  • Commercial Vehicle

Global Automotive Hub Bearing Market: Regional Segment Analysis

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

  • Chapter 1. Preface
    • 1.1. Report Description and Scope
    • 1.2. Research Scope
    • 1.3. Research Methodology
      • 1.3.1. Market Research Process
      • 1.3.2. Market Research Methodology
  • Chapter 2. Executive Summary
    • 2.1. Automotive Hub Bearing Market, 2016 - 2026, (USD Million)
    • 2.2. Automotive Hub Bearing Market: Snapshot
  • Chapter 3. Global Automotive Hub Bearing Market – Industry Analysis
    • 3.1. Automotive Hub Bearing Market: Market Dynamics
    • 3.2. Market Drivers
      • 3.2.1. Increasing demand of vehicle production
      • 3.2.2. Advance technulogy and trends
      • 3.2.3. Increasing average age or lifespan of vehicles
    • 3.3. Restraints
      • 3.3.1. Increasing raw material prices
      • 3.3.2. Longer lifespan of bearing due to improved technulogy
    • 3.4. Opportunity
      • 3.4.1. New doors for more efficient materials in automotive industry
    • 3.5. Porter’s Five Forces Analysis
    • 3.6. Market Attractiveness Analysis
      • 3.6.1. Market attractiveness analysis by technulogy segment
      • 3.6.2. Market attractiveness analysis by application segment
      • 3.6.3. Market attractiveness analysis by regional segment
  • Chapter 4. Global Automotive Hub Bearing Market - Competitive Landscape
    • 4.1. Company market share analysis
      • 4.1.1. Global automotive hub bearing market: company market share analysis, 2019
    • 4.2. Strategic development
      • 4.2.1. Acquisitions & mergers
      • 4.2.2. New Product launches
      • 4.2.3. Agreements, partnerships, cullaborations and joint ventures
      • 4.2.4. Research and development and regional expansion
  • Chapter 5. Global Automotive Hub Bearing Market – Technology Segment Analysis
    • 5.1. Global automotive hub bearing market overview: by technulogy
      • 5.1.1. Global automotive hub bearing market revenue share, by technulogy, 2019 and 2026
    • 5.2. Ball
      • 5.2.1. Global automotive hub bearing market by Ball, 2016 - 2026 (USD Million) (Million Units)
    • 5.3. Tapered
      • 5.3.1. Global automotive hub bearing market by Tapered, 2016 - 2026 (USD Million) (Million Units)
  • Chapter 6. Global Automotive Hub Bearing Market – Application Segment Analysis
    • 6.1. Global automotive hub bearing market overview: by application
      • 6.1.1. Global automotive hub bearing market revenue share, by application, 2019 and 2026
    • 6.2. Passenger Vehicle
      • 6.2.1. Global automotive hub bearing market by Passenger Vehicle, 2016 - 2026 (USD Million) (Million Units)
    • 6.3. Commercial Vehicle
      • 6.3.1. Global automotive hub bearing market by Commercial Vehicle, 2016 - 2026 (USD Million) (Million Units)
  • Chapter 7. Global Automotive Hub Bearing Market - Regional Analysis
    • 7.1. Global automotive hub bearing market overview: by region
      • 7.1.1. Global automotive hub bearing market revenue share, by region, 2019 and 2026
    • 7.2. North America
      • 7.2.1. North America automotive hub bearing market, by country, 2016 - 2026 (USD Million) (Million Units)
      • 7.2.2. North America automotive hub bearing market revenue and vulume, by technulogy, 2016 - 2026 (USD Million) (Million Units)
      • 7.2.3. North America automotive hub bearing market revenue and vulume, by application, 2016 - 2026 (USD Million) (Million Units)
      • 7.2.4. The U.S.
        • 7.2.4.1. The U.S. automotive hub bearing market revenue and vulume, by technulogy, 2016 - 2026 (USD Million) (Million Units)
        • 7.2.4.2. The U.S. automotive hub bearing market revenue and vulume, by application, 2016 - 2026 (USD Million) (Million Units)
      • 7.2.5. Rest of North America
        • 7.2.5.1. Rest of North America automotive hub bearing market revenue and vulume, by technulogy, 2016 - 2026 (USD Million) (Million Units)
        • 7.2.5.2. Rest of North America automotive hub bearing market revenue and vulume, by application, 2016 - 2026 (USD Million) (Million Units)
    • 7.3. Europe
      • 7.3.1. Europe automotive hub bearing market, by country, 2016 - 2026 (USD Million) (Million Units)
      • 7.3.2. Europe automotive hub bearing market revenue and vulume, by technulogy, 2016 - 2026 (USD Million) (Million Units)
      • 7.3.3. Europe automotive hub bearing market revenue and vulume, by application, 2016 - 2026 (USD Million) (Million Units)
      • 7.3.4. U.K.
        • 7.3.4.1. U.K. automotive hub bearing market revenue and vulume, by technulogy, 2016 - 2026 (USD Million) (Million Units)
        • 7.3.4.2. U.K. automotive hub bearing market revenue and vulume, by application, 2016 - 2026 (USD Million) (Million Units)
      • 7.3.5. France
        • 7.3.5.1. France automotive hub bearing market revenue and vulume, by technulogy, 2016 - 2026 (USD Million) (Million Units)
        • 7.3.5.2. France automotive hub bearing market revenue and vulume, by application, 2016 - 2026 (USD Million) (Million Units)
      • 7.3.6. Germany
        • 7.3.6.1. Germany automotive hub bearing market revenue and vulume, by technulogy, 2016 - 2026 (USD Million) (Million Units)
        • 7.3.6.2. Germany automotive hub bearing market revenue and vulume, by application, 2016 - 2026 (USD Million) (Million Units)
      • 7.3.7. Rest of Europe
        • 7.3.7.1. Rest of Europe automotive hub bearing market revenue and vulume, by technulogy, 2016 - 2026 (USD Million) (Million Units)
        • 7.3.7.2. Rest of Europe automotive hub bearing market revenue and vulume, by application, 2016 - 2026 (USD Million) (Million Units)
    • 7.4. Asia Pacific
      • 7.4.1. Asia Pacific automotive hub bearing market, by country, 2016 - 2026 (USD Million) (Million Units)
      • 7.4.2. Asia Pacific automotive hub bearing market revenue and vulume, by technulogy, 2016 - 2026 (USD Million) (Million Units)
      • 7.4.3. Asia Pacific automotive hub bearing market revenue and vulume, by application, 2016 - 2026 (USD Million) (Million Units)
      • 7.4.4. China
        • 7.4.4.1. China automotive hub bearing market revenue and vulume, by technulogy, 2016 - 2026 (USD Million) (Million Units)
        • 7.4.4.2. China automotive hub bearing market revenue and vulume, by application, 2016 - 2026 (USD Million) (Million Units)
      • 7.4.5. Japan
        • 7.4.5.1. Japan automotive hub bearing market revenue and vulume, by technulogy, 2016 - 2026 (USD Million) (Million Units)
        • 7.4.5.2. Japan automotive hub bearing market revenue and vulume, by application, 2016 - 2026 (USD Million) (Million Units)
      • 7.4.6. India
        • 7.4.6.1. India automotive hub bearing market revenue and vulume, by technulogy, 2016 - 2026 (USD Million) (Million Units)
        • 7.4.6.2. India automotive hub bearing market revenue and vulume, by application, 2016 - 2026 (USD Million) (Million Units)
      • 7.4.7. Rest of Asia Pacific
        • 7.4.7.1. Rest of Asia Pacific automotive hub bearing market revenue and vulume, by technulogy, 2016 - 2026 (USD Million) (Million Units)
        • 7.4.7.2. Rest of Asia Pacific automotive hub bearing market revenue and vulume, by application, 2016 - 2026 (USD Million) (Million Units)
    • 7.5. Latin America
      • 7.5.1. Latin America automotive hub bearing market, by country and vulume, 2016 - 2026 (USD Million) (Million Units)
      • 7.5.2. Latin America automotive hub bearing market revenue and vulume, by technulogy and vulume, 2016 - 2026 (USD Million) (Million Units)
      • 7.5.3. Latin America automotive hub bearing market revenue and vulume, by application, 2016 - 2026 (USD Million) (Million Units)
      • 7.5.4. Brazil
        • 7.5.4.1. Brazil automotive hub bearing market revenue and vulume, by technulogy, 2016 - 2026 (USD Million) (Million Units)
        • 7.5.4.2. Brazil automotive hub bearing market revenue and vulume, by application, 2016 - 2026 (USD Million) (Million Units)
      • 7.5.5. Rest of Latin America
        • 7.5.5.1. Rest of Latin America automotive hub bearing market revenue and vulume, by technulogy, 2016 - 2026 (USD Million) (Million Units)
        • 7.5.5.2. Rest of Latin America automotive hub bearing market revenue and vulume, by application, 2016 - 2026 (USD Million) (Million Units)
    • 7.6. Middle East & Africa
      • 7.6.1. Middle East & Africa automotive hub bearing market, 2016 - 2026 (USD Million) (Million Units)
      • 7.6.2. Middle East & Africa automotive hub bearing market revenue and vulume, by technulogy, 2016 - 2026 (USD Million) (Million Units)
      • 7.6.3. Middle East & Africa automotive hub bearing market revenue and vulume, by application, 2016 - 2026 (USD Million) (Million Units)
  • Chapter 8. Company Profiles
    • 8.1. SKF
      • 8.1.1. Overview
      • 8.1.2. Financials
      • 8.1.3. Product Portfolio
      • 8.1.4. Business Strategy
      • 8.1.5. Recent Developments
    • 8.2. Schaeffer
      • 8.2.1. Overview
      • 8.2.2. Financials
      • 8.2.3. Product Portfolio
      • 8.2.4. Business Strategy
      • 8.2.5. Recent Developments
    • 8.3. NSK
      • 8.3.1. Overview
      • 8.3.2. Financials
      • 8.3.3. Product Portfolio
      • 8.3.4. Business Strategy
      • 8.3.5. Recent Developments
    • 8.4. JTEKT
      • 8.4.1. Overview
      • 8.4.2. Financials
      • 8.4.3. Product Portfolio
      • 8.4.4. Business Strategy
      • 8.4.5. Recent Developments
    • 8.5. NTN
      • 8.5.1. Overview
      • 8.5.2. Financials
      • 8.5.3. Product Portfolio
      • 8.5.4. Business Strategy
      • 8.5.5. Recent Developments
    • 8.6. TIMKEN
      • 8.6.1. Overview
      • 8.6.2. Financials
      • 8.6.3. Product Portfolio
      • 8.6.4. Business Strategy
      • 8.6.5. Recent Developments
    • 8.7. GKN
      • 8.7.1. Overview
      • 8.7.2. Financials
      • 8.7.3. Product Portfolio
      • 8.7.4. Business Strategy
      • 8.7.5. Recent Developments
    • 8.8. ILJIN GROUP
      • 8.8.1. Overview
      • 8.8.2. Financials
      • 8.8.3. Product Portfolio
      • 8.8.4. Business Strategy
      • 8.8.5. Recent Developments
    • 8.9. GMB Corporation
      • 8.9.1. Overview
      • 8.9.2. Financials
      • 8.9.3. Product Portfolio
      • 8.9.4. Business Strategy
      • 8.9.5. Recent Developments
    • 8.10. Nachi-Fujikoshi
      • 8.10.1. Overview
      • 8.10.2. Financials
      • 8.10.3. Product Portfolio
      • 8.10.4. Business Strategy
      • 8.10.5. Recent Developments

Methodology

This report is based on in-depth qualitative and quantitative analyses of the global Automotive Hub Bearing market. Zion Research has collected and analyzed key data belong to the global Automotive Hub Bearing market using a variety of methods. Quantitative analysis has been done following various projection and sampling techniques.

The qualitative analysis involved primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes were validated through experts' opinions. The market dynamics have been determined afterconducting a detailed study of the micro and macroeconomic indicators of the market.

Various parameters have been taken into account, while estimating market size. The revenue generated by the leading industry participants in from the sales of Automotive Hub Bearing across the world has been calculated through primary and secondary research.

Zion Research employs combination of secondary research followed by extensive primary research. Under secondary research, we refer to prominent paid as well as open access data sources including product literature, company annual reports, government publications, press releases, industry association’s magazines and other relevant sources for data collection. Other prominent secondary sources include, STATISTA, trade journals, trade associations, statistical data from government websites, etc. 

For this study, Zion Research has conducted all-encompassing primary research with key industry participants to collect first had data. Moreover, in-depth interviews with key opinion leaders also assistedin validation of findings from secondary research and to understand key trends in the Automotive Hub Bearing industry. Primary research makes up major source of data collection and validation.   

Primary Research

We conduct primary interviews with industry participants and commentators on an ongoing basis to validate data and analysis. A typical research interview fulfills the following functions:

  • Provides firsthand information on market size, market trends, growth trends, competitive landscape, outlook, etc.
  • Helps in validating and strengthening the secondary research findings
  • Further develops the analysis team’s expertise and market understanding
  • Primary research involves e-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies

Participants who typically participate in such a process include, but are not limited to:

  • Industry participants: CEOs, VPs, marketing/product managers, market intelligence managers and national sales managers
  • Purchasing managers, technical personnel, distributors and resellers
  • Outside experts: Investment bankers, valuation experts and research analysts specializing in specific markets

Key opinion leaders specializing in different areas corresponding to different industry verticals

Secondary Research

Secondary research sources that are typically referred to include, but are not limited to:

  • Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
  • IDC and other relevant magazines
  • Internal and external proprietary databases, and relevant patent and regulatory databases
  • National government documents, statistical databases and market reports

News articles, press releases and webcasts specific to companies operating in the market

Following a comprehensive secondary and primary research and insights thus gathered, analysts at Zion Research have provided an in-depth analysis of various aspects of the Automotive Hub Bearing market.

Models

Where no hard data is available, we use models and estimates to produce comprehensive data sets. A rigorous methodology is adopted, wherein the available hard data is cross-referenced with the following data types to produce estimates:

  • Demographic data: Population split by segments
  • Macroeconomic indicators: GDP, PPP, Per Capita Income, etc.
  • Industry indicators: Expenditure, technology stage and infrastructure, sector growth and facilities
  • Data is then cross-checked by an expert panel.

Free Analysis

Bearing is a crucial entity in vehicle that supports the two moving object employed in the vehicles. The bearing hubs are mainly used in variety of automotive applications that include wheel hub, interior, engine, and transmission system. Bearing are especially employed to support and basically it reduces the friction between the moving parts of automobile. Therefore, it is one of the important or core entity of automotive industry. Thus, it has wide scope and it is expected to grow at rising CAGR over the forecast period.

Global automotive hub bearing market is mainly driven by increasing demand for vehicles, due to the perpetually growing population across the globe. Secondly, advanced technologies are exercised for automotive industry. New technology helps to provide efficient and comfortable vehicles for the end-users. Therefore, it is expected to drive the market growth over the forecast period.  Moreover, increasing cost of raw material used in automotive industry is expected to edge the growth of this industry. Nonetheless, more efficient materials are expected to open new opportunity for the automotive hub bearing industry.

The automotive hub bearing market has been segmented into two segments based on technology. These include ball bearing and tapered bearing. The ball bearing segment was the leading segment that leads with over 55% share of market in 2019. As ball bearing can carry and support more load than tapered bearing.  Therefore, ball bearing has robust demand and further it is expected to continue this trend throughout the forecast period.

Based on the revenues generated from different application, passenger vehicle application was the dominating segment in 2019. It accounts more than half of the share of the entire market. The ever growing population is a major factor that drives the demand for passenger vehicle. In turn this leads to increase in production of passenger vehicle and further it is also foreseen to remain dominating application segment till 2026. Furthermore, commercial vehicle segment is also augmenting application that will grow with attractive market size during the forecast period.

Europe was the largest market for automotive hub bearing and it accounted for over 25% share of the overall volume consumption in 2019. Asia Pacific is one of the most attractive regions for the market of automotive hub bearing market. Demand for luxury vehicles with advanced safety and comfort features are the major factors fueling demand for automotive hub bearing. In addition, for foreseen period it is expected to have splendid increment for automotive hub bearing especially in Brazil and South Africa region. Moreover, Europe and North America is likely to have moderate market for automotive hub bearing.

Some of the key players in the global automotive hub bearing market include SKF, Schaeffer, NSK, JTEKT, NTN, TIMKEN, GKN, ILJIN GROUP, GMB Corporation, Nachi-Fujikoshi, FKG Bearing, PFI, and among others.

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