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 aims to provide a comprehensive presentation of the global market for Wheel Bearing, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Wheel Bearing. Wheel Bearing Market contains market size and forecasts of Wheel Bearing in global, including the following market information:

Global Wheel Bearing Market Revenue, 2018-2023, 2024-2030, ($ millions)

Global Wheel Bearing Market Sales, 2018-2023, 2024-2030, (K Units)

Global top five Wheel Bearing companies in 2022 (%)

The global Wheel Bearing market was valued at US$ million in 2022 and is projected to reach US$ million by 2029, at a CAGR of % during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.

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.

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, 2018-2023, 2024-2030 ($ Millions) & (K Units)

Global Wheel Bearing Market Segment Percentages, by Type, 2022 (%)

Gen. 1 Bearing

Gen. 2 Bearing

Gen. 3 Bearing

Others Bearing

Global Wheel Bearing Market, by Application, 2018-2023, 2024-2030 ($ Millions) & (K Units)

Global Wheel Bearing Market Segment Percentages, by Application, 2022 (%)

Passenger Vehicle

Commercial Vehicle

Global Wheel Bearing Market, By Region and Country, 2018-2023, 2024-2030 ($ Millions) & (K Units)

Global Wheel Bearing Market Segment Percentages, By Region and Country, 2022 (%)

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, 2018-2023 (Estimated), ($ millions)

Key companies Wheel Bearing revenues share in global market, 2022 (%)

Key companies Wheel Bearing sales in global market, 2018-2023 (Estimated), (K Units)

Key companies Wheel Bearing sales share in global market, 2022 (%)

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

Outline of Major Chapters:

Chapter 1: Introduces the definition of Wheel Bearing, market overview.

Chapter 2: Global Wheel Bearing market size in revenue and volume.

Chapter 3: Detailed analysis of Wheel Bearing manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.

Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.

Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.

Chapter 6: Sales of Wheel Bearing in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.

Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.

Chapter 8: Global Wheel Bearing capacity by region & country.

Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.

Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.

Chapter 11: The main points and conclusions of the report.