Wheel Bearing Market

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.
Wheel Bearing Market contains market size and forecasts of Wheel Bearing in global, including the following market information:
Global Wheel Bearing Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global Wheel Bearing Market Sales, 2017-2022, 2023-2028, (K Units)
Global top five Wheel Bearing companies in 2021 (%)
The global Wheel Bearing market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Gen. 1 Bearing Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Wheel Bearing include NSK, NTN, Schaeffler, SKF, ILJIN, JTEKT, Shuanglin NTP, Wanxiang and TIMKEN, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
We surveyed the Wheel Bearing manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Wheel Bearing Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Wheel Bearing Market Segment Percentages, by Type, 2021 (%)
Gen. 1 Bearing
Gen. 2 Bearing
Gen. 3 Bearing
Others Bearing
Global Wheel Bearing Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Wheel Bearing Market Segment Percentages, by Application, 2021 (%)
Passenger Vehicle
Commercial Vehicle
Global Wheel Bearing Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Wheel Bearing Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Wheel Bearing revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies Wheel Bearing revenues share in global market, 2021 (%)
Key companies Wheel Bearing sales in global market, 2017-2022 (Estimated), (K Units)
Key companies Wheel Bearing sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
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