Automotive Bearings Market Dynamics and Supply Demand 2015-2025
Resource from: lanews
26 May,2017
Bearings are used to enable rotational or linear movement, and to disable the unwanted friction and handling stress. Bearings are integrated in automotive to constrain the relative motion and allow desired motion, due to which, a vehicle can enhance its speed and efficiency. Vehicles have many rotating parts, and bearing are used in almost all parts. For example, axle bearings are used to enable wheel axles to turn.The structure of bearing is simple, it has a ball, which has internal & external smooth metal surfaces, which helps bearings to move. The ball in the bearing is responsible for carrying the weight of the load, and load’s weight is responsible for giving a push to the bearing’s rotation.There are different types of bearings used in the automotive, such as ball, roller & thrust bearings, housed units, needle roller bearings, plain bearings, plummer blocks, sleeves, slim section bearings, spherical roller bearings, etc. For instance, applications such as wheels and transmissions use roller bearings, as roller bearings support heavy-duty applications.
Global Automotive bearings Market: Drivers and Challenges, Overview, Segmentation, Region-wise Outlook, Key Players
The demand for automotive bearings is growing with the increase in the automotive production globally, especially in the Asia Pacific and Western Europe. The demand for vehicles with technologically advanced solutions is fueling the growth for the global automotive bearings market. Growing demand for automotive bearing in developing countries and above factors are propelling the growth for global automotive bearings market.
Though, the demand for automotive bearings is increasing in the developing countries, the industry is highly fragmented. As many players are present in the automotive bearings market, the industry experiences the price competition. Due to the competitive pricing structure, the manufacturers of automotive bearings have to compromise on the profit margins, and this is inhibiting the growth of the global automotive bearings market.
The global automotive bearings market Segmentation Based on vehicle type – Passenger Cars, Commercial Vehicles, Light Commercial Vehicles, Heavy Trucks, Coaches and Buses; Based on bearing type – Roller Bearings, Ball Bearings, Others; Based on channel type – Original Equipment Manufacturer, Aftermarket
The global automotive bearings market is expectedto register a single-digit CAGR for the forecast period. Depending on geographic regions, global automotive bearings market is segmentedinto seven key regions: North America, South America, Eastern Europe, Western Europe, Asia-Pacific, Japan, and Middle East & Africa. In terms of market volume and revenue, Asia Pacific automotive bearings market is projectedto register a significant CAGR during the forecast period. Growing automotive production, especially in the economies like India and China, is fueling the growth of global automotive bearings market in Asia Pacific. Western Europe and North America are also forecast to register a significant growth in the global automotive bearings market, as automotive production is expected to grow in these regions as well.
Some of the key market participants in global automotive bearings market are Schaeffler AG., Jtekt Corporation, NTN Corporation, Iljin Bearing Co., Ltd., Timken Company, Svenska Kullagerfabriken AB, RKB Bearings etc.
Request For Report Sample: http://www.futuremarketinsights.com/reports/sample/rep-gb-729
Global Automotive bearings Market: Drivers and Challenges, Overview, Segmentation, Region-wise Outlook, Key Players
The demand for automotive bearings is growing with the increase in the automotive production globally, especially in the Asia Pacific and Western Europe. The demand for vehicles with technologically advanced solutions is fueling the growth for the global automotive bearings market. Growing demand for automotive bearing in developing countries and above factors are propelling the growth for global automotive bearings market.
Though, the demand for automotive bearings is increasing in the developing countries, the industry is highly fragmented. As many players are present in the automotive bearings market, the industry experiences the price competition. Due to the competitive pricing structure, the manufacturers of automotive bearings have to compromise on the profit margins, and this is inhibiting the growth of the global automotive bearings market.
The global automotive bearings market Segmentation Based on vehicle type – Passenger Cars, Commercial Vehicles, Light Commercial Vehicles, Heavy Trucks, Coaches and Buses; Based on bearing type – Roller Bearings, Ball Bearings, Others; Based on channel type – Original Equipment Manufacturer, Aftermarket
The global automotive bearings market is expectedto register a single-digit CAGR for the forecast period. Depending on geographic regions, global automotive bearings market is segmentedinto seven key regions: North America, South America, Eastern Europe, Western Europe, Asia-Pacific, Japan, and Middle East & Africa. In terms of market volume and revenue, Asia Pacific automotive bearings market is projectedto register a significant CAGR during the forecast period. Growing automotive production, especially in the economies like India and China, is fueling the growth of global automotive bearings market in Asia Pacific. Western Europe and North America are also forecast to register a significant growth in the global automotive bearings market, as automotive production is expected to grow in these regions as well.
Some of the key market participants in global automotive bearings market are Schaeffler AG., Jtekt Corporation, NTN Corporation, Iljin Bearing Co., Ltd., Timken Company, Svenska Kullagerfabriken AB, RKB Bearings etc.
Request For Report Sample: http://www.futuremarketinsights.com/reports/sample/rep-gb-729
(lanews)
(CBCC News Statement)
1.The news above mentioned with detailed source are from internet.We are trying our best to assure they are accurate ,timely and safe so as to let bearing users and sellers read more related info.However, it doesn't mean we agree with any point of view referred in above contents and we are not responsible for the authenticity. If you want to publish the news,please note the source and you will be legally responsible for the news published.
2.All news edited and translated by us are specially noted the source"CBCC".
3.For investors,please be cautious for all news.We don't bear any damage brought by late and inaccurate news.
4.If the news we published involves copyright of yours,just let us know.
1.The news above mentioned with detailed source are from internet.We are trying our best to assure they are accurate ,timely and safe so as to let bearing users and sellers read more related info.However, it doesn't mean we agree with any point of view referred in above contents and we are not responsible for the authenticity. If you want to publish the news,please note the source and you will be legally responsible for the news published.
2.All news edited and translated by us are specially noted the source"CBCC".
3.For investors,please be cautious for all news.We don't bear any damage brought by late and inaccurate news.
4.If the news we published involves copyright of yours,just let us know.
Previous: Super Precision Bearing Market Competitive Analysis based on types and application for 2017
BRIEF INTRODUCTION
Cnbearing is the No.1 bearing inquiry system and information service in China, dedicated to helping all bearing users and sellers throughout the world.
Cnbearing is supported by China National Bearing Industry Association, whose operation online is charged by China Bearing Unisun Tech. Co., Ltd.
China Bearing Unisun Tech. Co., Ltd owns all the rights. Since 2000, over 3,000 companies have been registered and enjoyed the company' s complete skillful service, which ranking many aspects in bearing industry at home and abroad with the most authority practical devices in China.
