Published by mark itwired
Posted on September 29, 2021
4 min readLast updated: February 1, 2026
APEJ is leading the automotive bearing market, driven by technological advancements and vehicle production, despite challenges like high pricing.
Automotive bearings are accountable for smooth, economical and frictionless running of automobiles. They are present in almost every part of the automobile to ensure movement safety, load handling as well as balance. Several types of bearings are used in automobiles. To name a few, thrust bearings, ball bearings, roller bearings, housed units, needle roller bearings, plummer blocks, plain bearings, spherical roller bearings, slim section bearings, ball thrust bearings, tapered roller bearings and specialized bearings are used. These bearings are made up of different material such as metal-polymers, engineered plastics, metals and bimetals and fibre reinforced composite. The growth of the automotive bearing market is driven by various aspects such as rising technological developments, increasing production of vehicles across the globe, increasing demand for advanced bearings from emerging economies, increasing use of bearings in luxury cars etc. However, high pricing and counterfeiting are main challenges faced by the global market for automotive bearings.
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The extensive research report on “Automotive Bearing Market: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017-2022)”, presented by Future Market Insights uncovers various facets of automotive bearings, analysis on their applications in different vehicle types, sales channel analysis, etc. According to the in-depth research analysis delivered in this research report, the global automotive bearing market is poised to grow at a CAGR of 4.9% throughout the period of assessment 2017-2022.
The research report on global market for automotive bearings has included profiles of key players such as The Timken Company, Schaeffler AG, RKB Bearing Industries, NTN Corporation, NRB Bearings Ltd., MinebeaMitsumi Inc., JTEKT Corporation and ILJIN Bearing Co., Ltd.
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Region
Bearing Type
Material Type
Sales Channel
Vehicle Type
The post Asia-Pacific Excluding Japan (APEJ) to Lead Automotive Bearing Market Impacted by COVID-19, Market to Remain Dormant in Near Term, Projects FMI 2021 -2022 first appeared on Market Research Blog.
The article discusses the growth and trends in the automotive bearing market, focusing on the Asia-Pacific region excluding Japan.
Technological developments, increased vehicle production, and demand for advanced bearings in emerging economies drive growth.
High pricing and counterfeiting are significant challenges in the automotive bearing market.
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