Wheel Hub Assembly Market Report 2026

The wheel hub assembly market size has grown strongly in recent years. It will grow from $6.11 billion in 2025 to $6.71 billion in 2026 at a compound annual growth rate (CAGR) of 9.7%. The growth in the historic period can be attributed to automotive production growth, demand for vehicle safety components, adoption of ball bearing hubs, expansion of passenger vehicle fleet, durability requirements.

The wheel hub assembly market size is expected to see strong growth in the next few years. It will grow to $9.72 billion in 2030 at a compound annual growth rate (CAGR) of 9.7%. The growth in the forecast period can be attributed to electric vehicle penetration, smart wheel diagnostics adoption, demand for lightweight vehicle components, growth in commercial vehicles, aftermarket demand expansion. Major trends in the forecast period include integration of sensor-embedded hub assemblies, growing demand from electric vehicles, adoption of lightweight materials, expansion of aftermarket replacements, improved bearing durability.

The growing automotive industry is expected to drive the growth of the wheel hub assembly market going forward. The automotive industry encompasses the development, production, marketing, and sale of motor vehicles, including cars, trucks, and motorcycles. Wheel hub assemblies are critical components that enhance vehicle safety, handling, and performance. For instance, in January 2024, according to the European Automobile Manufacturers' Association (ACEA), the EU car market grew by 13.9% in 2023, with sales reaching 867,052 units compared to 2022, resulting in a total annual volume of 10.5 million units. Significant growth was observed in Italy (+18.9%), Spain (+16.7%), and France (+16.1%), while Germany recorded a 7.3% year-on-year increase. Therefore, the expansion of the automotive industry is propelling the wheel hub assembly market.

Major companies in the wheel hub assembly market are developing innovative solutions, such as ultra-low friction wheel bearings, to meet the increasing demand for energy efficiency and extended battery range in electric vehicles (EVs). Ultra-low friction wheel bearings reduce resistance between the rotating hub and stationary components, enhancing overall vehicle efficiency. For instance, in September 2024, SKF India Limited, a Sweden-based bearing and seal manufacturer, launched its Gen 3 Ultra-Low Friction Wheel Bearing for passenger vehicles and EVs. This complete wheel hub assembly features redesigned internal geometry, a D-flange hub shape, low-friction grease, proprietary low-friction seals, and optimized preload within a lightweight construction. It achieves approximately 30% lower friction than competitors, reducing rolling resistance and extending EV battery range without compromising durability or stiffness, making it suitable for higher torques and weights associated with EV platforms.

In January 2023, Fersa Bearings S.A. acquired a majority stake in Delux Bearings, an India-based manufacturer of bearings, including wheel hub assemblies. This acquisition positions Fersa Group to expand its presence in the automotive OEM and aftermarket sectors, aiming to become a leading producer of powertrain components globally, particularly for heavy-duty vehicles.

Major companies operating in the wheel hub assembly market report include Aisin Seiki Co. Ltd., Schaeffler Technologies AG & Co. KG, AB SKF, NSK Ltd., Federal-Mogul Corporation, GKN Automotive, HL Mando Corporation, The Timken Company, JTEKT Corporation, Nachi-Fujikoshi Corp., Wafangdian Bearing Group Co. Ltd., ILJIN Holdings Co. Ltd., NTN Corporation, GMB Corporation, Xiangyang Automobile Bearing Co. Ltd., Barden Corporation, Mevotech LP, Jiangsu Nanfang Bearing Co. Ltd., Fersa Bearings S.A., Wanxiang Group Corporation, C&U Company Limited, RBC Bearings Incorporated, Maxion Wheels U.S.A. LLC, Nachi America Inc., HL Mando Aftermarket.

Asia-Pacific was the largest region in the wheel hub assembly market in 2025. The regions covered in the wheel hub assembly market report include Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the wheel hub assembly market report include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The wheel hub assembly market includes revenues earned by entities by providing services such as wheel alignment, brake system services, and ABS sensor replacement services. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The wheel hub assembly market consists of sales of hub bearings, hub housings, nuts and bolts, seals and gaskets, and mounting hardware. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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