Automotive Bearing Market Share

Asia Pacific Market Forecast

The Asia Pacific region automotive bearing market, amongst the market in all the other regions, is projected to hold the largest market share by the end of 2037. The presence of a strong transport network in the region, growing production of vehicles, increasing disposable income, and as well as the rising penetration of vehicles. For instance, as per an estimation 3^rd of all vehicles in the world are in the Asia-Pacific region.

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of automotive bearing is assessed at USD 37.94 billion.

The automotive bearing market size was valued at USD 36.17 billion in 2024 and is anticipated to reach USD 77.86 billion by the end of 2037, expanding at around 6.2% CAGR during the forecast period i.e., between 2025-2037. Increasing number of vehicles as well as rising demand for electric vehicles along with surge in the penetration of heavy vehicles will propel the market growth.

Asia Pacific industry is expected to hold largest revenue share by 2037, impelled by presence of a strong transport network along with growing production of vehicles, increasing disposable income, and as well as the rising penetration of vehicles in the region.

The major players in the market include NTN Corporation, Schaeffler Group, Timken Company, MinebeaMitsumi Inc., NTN-SNR Roulements, NSK Ltd., SNL Bearings Ltd., JTEKT Corporation, Nippon Thompson Co., Ltd., Aktiebolaget Svenska Kullagerfabriken.

Automotive Bearing Market Share