Global Automotive Bearings Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Product Type;

Plain Bearings, Rolling Element Bearings, and Ball Bearings.

By Vehicle Type;

Passenger Cars and Commercial Vehicles.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn105914733 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Automotive Bearings Market (USD Million), 2021 - 2031

In the year 2024, the Global Automotive Bearings Market was valued at USD 46,423.62 million. The size of this market is expected to increase to USD 75,527.05 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 7.2%.

The global automotive bearings market serves as a critical component within the broader automotive industry, providing essential support and functionality to various vehicle systems. As vehicles continue to evolve with technological advancements and efficiency improvements, the demand for high-performance bearings that offer durability, reliability, and precision has surged.

Automotive bearings play a pivotal role in facilitating smooth motion and reducing friction in numerous vehicle components, including engines, transmissions, wheels, and steering systems. Their ability to withstand heavy loads, high speeds, and varying operating conditions is paramount for ensuring optimal vehicle performance, safety, and comfort.

Driven by factors such as increasing vehicle production, rising demand for electric vehicles, and stringent regulations pertaining to emissions and fuel efficiency, the global automotive bearings market is witnessing robust growth. Automotive manufacturers and suppliers are continually innovating to develop bearings with advanced materials, coatings, and designs that offer enhanced performance, longevity, and efficiency.

The advent of electric and autonomous vehicles has introduced new opportunities and challenges for the automotive bearings market. Electric vehicles require bearings capable of withstanding higher torque levels and operating efficiently in electrified drivetrains, while autonomous vehicles demand bearings with ultra-precise tolerances and reliability to support advanced sensor and control systems.

The market landscape is also shaped by regional dynamics, with emerging economies witnessing rapid automotive growth and mature markets focusing on technology-driven innovations and aftermarket services. Additionally, sustainability concerns are driving the adoption of eco-friendly and energy-efficient bearings, further influencing market trends and product development initiatives.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Product Type
    2. Market Snapshot, By Vehicle Type
    3. Market Snapshot, By Region
  4. Global Automotive Bearings Market Trends
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Increasing vehicle production
        2. Rising demand for electric vehicles (EVs)
        3. Technological advancements in bearings
        4. Stringent regulations on emissions and fuel efficiency
      2. Restraints
        1. Volatility in raw material prices
        2. Intense competition among bearing manufacturers
        3. Impact of COVID-19 pandemic on automotive production
        4. Challenges in maintaining quality standards across global supply chains
      3. Opportunities
        1. Growth opportunities in electric and hybrid vehicle segments
        2. Expansion of automotive aftermarket for bearings
        3. Increasing demand for lightweight and high-performance bearings
        4. Integration of smart bearings with IoT and sensor technologies
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry

  5. Market Segmentation
    1. Global Automotive Bearings Market, By Product Type, 2021 - 2031 (USD Million)
      1. Plain Bearings
      2. Rolling Element Bearings
      3. Ball Bearings
    2. Global Automotive Bearings Market, By Vehicle Type, 2021 - 2031 (USD Million)
      1. Passenger Cars
      2. Commercial Vehicles
    3. Global Automotive Bearings Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia/New Zealand
        5. South Korea
        6. ASEAN
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. JTEKT Corp.
      2. NSK Ltd
      3. SKF
      4. Schaeffler AG
      5. NTN Bearing Corporation
  7. Analyst Views
  8. Future Outlook of the Market