Automotive Bearing Market Set to Exhibit Tremendous Growth in Coming Years

 “A major factor fuelling the demand for automotive bearings is the increasing focus of automobile manufacturers throughout the world on reducing the weight of the vehicles” as these bearings contribute significantly to the total weight of an automobile. Many automakers are increasingly incorporating advanced bearings in their vehicles, especially in sport utility vehicles (SUVs) and modern cars in order to reduce the weight of the vehicles, which will, in turn, increase their efficiency.

Automotive Bearing Market

Apart from being lighter in weight, these advanced bearings also have higher stiffness and durability, on account of the advanced lightweight substances that are used for manufacturing them. Automobile manufacturers are also incorporating improved forging techniques and low tolerance in the production processes of the bearings for reducing their weights. Besides these factors, the increasing sales of passenger cars, on account of the flourishing automotive industry, particularly in the developing nations such as India, Indonesia, Thailand, and China, is also contributing toward the burgeoning sales of automotive bearings across the world. 

Hence, with the growing adoption of lightweight bearings in vehicles and soaring sales of automobiles all over the world, the global automotive bearing market will grow, in valuation, from $33.4 billion to $53.3 billion from 2018 to 2025. “The market is also expected to advance at a CAGR of 6.9% from 2018 to 2025, as per the forecasts of the market research company, P&S Intelligence”. Roller bearings, plain bearings, and ball bearings are the most common types of bearings used in vehicles, out of which, the demand for ball bearings was observed to be the highest in the past.

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In terms of material used, the bearings are divided into different types namely solid polymer, metal polymer, and fiber-reinforced composite bearings. Out of these different variants, “the sales of the metal polymer bearings was found to be the highest all over the world over the last few years”. This is credited to the numerous advantages of these bearings over the other types such as their longer lifespans and cost-effectiveness and dimensionally stable and minimal stick-slip characteristics.