Smooth Ride Ahead: Insights into the Automotive Bearing Market
The automotive bearing market is a growing rapidly, and this trend will continue in the near future. It is because of the growing focus toward the reduction of vehicle weight, and increasing importance on vehicular emission reduction are the key factors powering the growth of the industry.
Automotive Bearing Market@ https://www.psmarketresearch.c....om/market-analysis/a
The ball bearing category contributed to the largest market share in the past regarding volume, because of its high use in passenger cars and two-wheelers.
The ball bearing category will decrease in the years to come. The share of roller bearing, particularly tapered roller bearing, will increase by the end of this decade.
Furthermore, the latest developments in plummeting friction and generation of heat by these bearings in addition to high requirement for commercial vehicles and off-road vehicles will benefit the automotive bearing sector.
Metal polymer bearing had the largest revenue in the past, owing to its advantages for example longer-lasting, cost-effectiveness, insignificant stick-slip, and dimensionally stable.
Based on the sales channel, OEM dominated the industry in the past, because of the price dynamics in automotive OEM segment.
APAC had the largest share in the automotive bearing market in the past, as per a report by a market research company, P&S Intelligence. China was the largest market for automotive bearings, because of its increasing regional requirement for automobiles. Exports of low-end and small-sized bearings significantly power the industry in China.
