Mar 10, 2020 (HTF Market Intelligence via COMTEX) --
This intelligence report provides a comprehensive analysis of the Global Automobile Bearings Market
. This includes Investigation of past progress, ongoing market scenarios, and future prospects. Data True to market on the products, strategies and market share of leading companies of this particular market are mentioned. It's a 360-degree overview of the global market's competitive landscape. The report further predicts the size and valuation of the global market during the forecast period. Some of the key players profiled in the study are SKF (Sweden),Schaeffler (Germany),NSK (Japan),NTN (Japan),JTEKT (Japan),TIMKEN (United States),Federal-Mogul (United States),Nachi-Fujikoshi (Japan),Perfect Fit Industries (United States),GKN (United Kingdom),GMB Corporation (Japan),FKG Bearing (China),ILJIN Co (South Korea),LK GLSP (South Korea),Saint-Gobain (France),Wafangdian Bearing (China),Qingdao Taide Automobile Bearing (China).
Bearings are used to reduce friction in moving automotive parts by providing desired motion. They are categorized based on operation, motion and load direction. Bearings are designed in way to provide maximum efficiency, durability and performance. Globally, number of vehicles have increased as industrialization took place which was fueled by rising disposable income. Rise in automotive sales coupled with changing technologies will drive automotive bearing market amid rising dominance of electrical vehicles posing a significant threat to the market.
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Exploration of Alternative Raw Materials with an Aim to Reduce the Weight
Growing Focus on Increasing Volumetric Efficiency by Reducing Friction
Increasing Vehicles Production Owing to Rising Demand
Growing E-tailing Activities
Widespread Availability of Counterfeit Automobile Bearings
Rising Raw Materials Prices
Low Replacement Rate Owing to Longer Life-span
Dominance of Local Players
Need for Less Number of Bearings in Electrical Vehicles
Each segment and sub-segment is analyzed in the research report. The competitive landscape of the market has been elaborated by studying a number of factors such as the best manufacturers, prices and revenues. Global Automobile Bearings Market is accessible to readers in a logical, wise format. Driving and restraining factors are listed in this study report to help you understand the positive and negative aspects in front of your business.
This study mainly helps understand which market segments or Region or Country they should focus in coming years to channelize their efforts and investments to maximize growth and profitability. The report presents the market competitive landscape and a consistent in depth analysis of the major vendor/key players in the market.
Furthermore, the years considered for the study are as follows:
Historical year - 2013-2017
Base year - 2018
Forecast period** - 2019 to 2025 [** unless otherwise stated]
**Moreover, it will also include the opportunities available in micro markets for stakeholders to invest, detailed analysis of competitive landscape and product services of key players.
The Global Automobile Bearings segments and Market Data Break Down are illuminated below:
by Type (Ball bearing, Roller bearing, Others), Component Type (Chassis Component Bearing, Engine Components Bearing, Transmission System Bearing), Availability (OEMs, Aftermarket), Vehicle type (Passenger Car, Light Commercial Vehicle, Heavy Commercial Vehicle, Two-Wheeler, Others)
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Region Included are: North America, Europe, Asia Pacific, Oceania, South America, Middle East & Africa
Country Level Break-Up: United States, Canada, Mexico, Brazil, Argentina, Colombia, Chile, South Africa, Nigeria, Tunisia, Morocco, Germany, United Kingdom (UK), the Netherlands, Spain, Italy, Belgium, Austria, Turkey, Russia, France, Poland, Israel, United Arab Emirates, Qatar, Saudi Arabia, China, Japan, Taiwan, South Korea, Singapore, India, Australia and New Zealand etc.
Objectives of the Study
To Define, Describe, and Segment The Global Automobile Bearings Market On The Basis Of Type, Function, Application, And Region.
To provide detailed information regarding the major factors influencing the market growth (drivers, restraints, opportunities, and industry-specific challenges)