Automotive Bearings Market Growth Analysis Report - Market Size, Share, Forecast Trends and Outlook (2025-2034)

The global automotive bearings market stood at a value of around USD 43.62 billion in 2024. The market is further expected to grow in the forecast period of 2025-2034 at a CAGR of 6.90% to reach USD 85.01 billion by 2034.

Growing Utilisation of Roller Bearings to Aid the Global Automotive Bearings Industry

Roller bearings in wheels are used to evenly distribute the load of a vehicle during acceleration. In roller bearings, less quantity of lubricant is required due to low friction and wear, which is a major advantage of this type. In addition to this, tapered rolling bearings are used for heavy loads or in a situation where the load can greatly change during cornering, such as in cars and trucks. This is anticipated to propel the product demand in the forecast period.

The Asia Pacific Accounts for a Significant Share in the Market

The automotive bearings industry in the Asia Pacific is driven by the increasing demand for automobiles owing to the rising disposable incomes, rising population, and rapid urbanisation across the region. The increasing demand for passenger cars in countries such as India, China, and others is likely to boost the demand for automotive bearings in the forecast period. Moreover, the expansion of the key automotive players, including Hyundai, Kia, Mitsubishi, Tata, and Toyota, among others, in various parts of the continent is likely to aid the market.

Automotive Bearings: Market Segmentation

Automotive bearings are defined as antifriction devices which are placed between two moving parts. Grease lubrication is often required for these devices. Further, automotive bearings are found in various automobile systems including transmission, wheel hub, and engine, among others.

Market Breakup by Bearing Type

• Roller Bearing
• Ball Bearing
• Others

Market Breakup by Vehicle Type

• Two-wheeler
• Passenger Car
• Commercial Vehicle

Market Breakup by Distribution Channel

• After Market
• OEM

Market Breakup by Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Thriving Automotive Industry to Boost the Growth of the Automotive Bearings Industry

The thriving automotive industry is driving the market growth of automotive bearings. The rising demand for passenger and commercial vehicles is also supporting the automotive bearings industry growth. Over the forecast period, the flourishing transportation industry and the rising trading activities are anticipated to propel the demand for heavy commercial vehicles, thereby bolstering the growth of the automotive bearings industry. Moreover, the increasing inclination of passengers towards automobiles with high mechanical performance and heavy load capacity is likely to provide impetus to the market in the forecast period.

Key Industry Players in the Global Automotive Bearings Market

The report gives a detailed analysis of the following key players in the global automotive bearings market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

• The Timken Company
• SKF
• THK CO., LTD
• RBC Bearings Incorporated
• Schaeffler AG
• NTN Corporation
• ILJIN co., ltd.
• Nippon Thompson Co., Ltd. (IKO International, Inc.)
• JTEKT Corporation
• NSK Ltd.
• Others

The comprehensive report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.