Automotive Bearing Market Size

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

The growth of the market can primarily be attributed to the growing demand for automotive bearings owing to the rising sale of vehicles along with the increasing production of cars worldwide, and increasing vehicle electrification. For instance, globally, more than 55,800,000 passenger cars were produced in 2020.

With the recent advancements in bearing design to accommodate new-age solutions as well as a surge in the demand for electric vehicles, the demand for the automotive bearing is on the rise amongst vehicle manufacturers, which in turn, is expected to create massive revenue generation opportunities for the key players operating in the global market during the forecast period. For instance, the global sale of electric cars was estimated over 16 million in 2021.