Oct 10, 2019 (Reporthive Research via COMTEX) -- Global Automotive Bearing Market is accounted for $180.81 billion in 2016 and is expected to reach $295.36 billion by 2023 growing at a CAGR of 7.3% during the forecast period.
Automotive Bearing Market research report covers key players, trends, status, future forecast, size-share, development trends, challenges, opportunities. It provides insight into the growth of value players, as well as looking at new entrants to the market and their growth prospects.
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Increasing demand for passenger cars and commercial vehicles, rising vehicle manufacture and growing average period of vehicles are some of the key factors fueling the market growth. However, volatility raw material costs, increasing participation of OEMs in the Aftermarket are hindering the growth of the market. Future demand for individual labelling provides ample of opportunities for market growth.
Automotive Bearing Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period.
Key Players Covered in this Market:
Wafangdian Bearing Group Corp
Svenska Kullagerfabriken AB
SNL Bearings Ltd.
RKB Bearings and more
By bearing type, Ball bearings are the used on a large scale in numerous applications owing to their load bearing capacity, strength, wear resistance and overall performance. Bearings are used in different vehicle types. Other major ball bearing types include angular contact ball bearings, self-aligning ball bearings, thrust ball bearings and automotive wheel hub ball bearing units. Bearings are utilized for a range of automotive applications that contains wheel center point, interior, motor, and transmission system.
By Geography, Asia Pacific is expected to grow at the highest CAGR during the forecast period attributed to the increasing demand for Automotive Bearing. North America accounted for the largest market share in the bearings sector and is expected to maintain its dominance throughout the forecast period.
Bearing Types Covered:
Other Bearing Types
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What our report offers:
Market share assessments for the regional and country level segments
Market share analysis of the top industry players
Strategic recommendations for the new entrants
Market forecasts for a minimum of 7 years of all the mentioned segments, sub segments and the regional markets
Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
Strategic recommendations in key business segments based on the market estimations
Competitive landscaping mapping the key common trends
Company profiling with detailed strategies, financials, and recent developments
Supply chain trends mapping the latest technological advancements
Table of Contents
1 Executive Summary
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining