Global Automotive Hub Bearing (Automotive Wheel Bearing) Market Insights, Forecast to 2025

Automotive Hub Bearing perform two very important jobs in a vehicle’s suspension. The wheel bearing allows the wheels to rotate with minimal function, and they also support the vehicle’s weight. To be able to do both of these jobs, the bearings must be in near perfect condition. The seals must also be leak free to keep the lubricant inside the bearings and contaminants out. In an average sedan that weighs around 3,400 lb, each pair of front Hub Bearing, as well as the rear wheel or axle bearings, each support 850 pounds. This all depends on the front to rear weight distribution of the vehicle. It’s a lot of weight that needs to be supported over tens of thousands of miles.
Due to the high sales of global automotive market, and the increasing demand for fuel efficient, the current demand for automotive hub bearings product is relatively high worldwide. Meanwhile, the demand from China market was much higher due to the rapid development of Chinese automotive market.
Because there are giant multinational players like SKF, Schaeffler, NTN and NSK in this market, the concentration of global automotive hub bearings market is relatively high. Among the top automotive hub bearings players, SKF, Schaeffler, NTN and NSK are the big five players in the world, and these four companies occupied about 56% revenue market share totally in 2017, Meanwhile, there are hundreds of small scale manufacturers all over the world.
In terms of bearings type, the first generation bearing is losing its place during last few years, meanwhile, the second and third generation bearings are more and more popular in the automotive market. The revenue market share of those three generation bearings are 12%, 44% and 39% respectively in 2017.
With the increasing sales of vehicles worldwide, the demand from automotive aftermarket has caught the attention of the automotive hub bearing manufacture recently.
Global Automotive Hub Bearing (Automotive Wheel Bearing) market size will reach 9960 million US$ by 2025, from 6590 million US$ in 2018, at a CAGR of 5.3% during the forecast period. In this study, 2018 has been considered as the base year and 2019-2025 as the forecast period to estimate the market size for Automotive Hub Bearing (Automotive Wheel Bearing).

This industry study presents the global Automotive Hub Bearing (Automotive Wheel Bearing) market size, historical breakdown data (2014-2019) and forecast (2019-2025). The Automotive Hub Bearing (Automotive Wheel Bearing) production, revenue and market share by manufacturers, key regions and type;
The consumption of Automotive Hub Bearing (Automotive Wheel Bearing) in volume terms are also provided for major countries (or regions), and for each application and product at the global level. Market share, growth rate, and competitive factors are also evaluated for market leaders NSK, NTN, etc.

The following manufacturers are covered in this report:
NSK
NTN
Schaeffler
SKF
ILJIN
JTEKT
Shuanglin NTP
Wanxiang
TIMKEN
GMB Corporation
Nachi-Fujikoshi
C&U
Harbin Bearing
Changjiang Bearing
GKN
FKG Bearing
Wafangdian Bearing
PFI
Xiangyang Auto Bearing
Changzhou Guangyang
Xiangyang Xinghuo
Shaoguan Southeast

Automotive Hub Bearing (Automotive Wheel Bearing) Breakdown Data by Type
Gen. 1 Bearing
Gen. 2 Bearing
Gen. 3 Bearing
Other Bearing
Automotive Hub Bearing (Automotive Wheel Bearing) Breakdown Data by Application
Passenger Vehicle
Commercial Vehicle

Automotive Hub Bearing (Automotive Wheel Bearing) Production by Region
United States
Europe
China
Japan
South Korea
India
Other Regions

Automotive Hub Bearing (Automotive Wheel Bearing) Consumption by Region
North America
United States
Canada
Mexico
Asia-Pacific
China
India
Japan
South Korea
Australia
Indonesia
Malaysia
Philippines
Thailand
Vietnam
Europe
Germany
France
UK
Italy
Russia
Rest of Europe
Central & South America
Brazil
Rest of South America
Middle East & Africa
GCC Countries
Turkey
Egypt
South Africa
Rest of Middle East & Africa

The study objectives are:
To analyze and research the global Automotive Hub Bearing (Automotive Wheel Bearing) status and future forecast，involving, production, revenue, consumption, historical and forecast.
To present the key Automotive Hub Bearing (Automotive Wheel Bearing) manufacturers, production, revenue, market share, SWOT analysis and development plans in next few years.
To segment the breakdown data by regions, type, manufacturers and applications.
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends, drivers, influence factors in global and regions.
To strategically analyze each submarket with respect to individual growth trend and their contribution to the market.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.

In this study, the years considered to estimate the market size of Automotive Hub Bearing (Automotive Wheel Bearing) :
History Year: 2014 - 2018
Base Year: 2018
Estimated Year: 2019
Forecast Year: 2019 - 2025

This report includes the estimation of market size for value (million USD) and volume (M Units). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Automotive Hub Bearing (Automotive Wheel Bearing) market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.

For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.

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