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.
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.
The Wheel Bearing market was valued at xx Million US$ in 2018 and is projected to reach xx Million US$ by 2025, at a CAGR of xx% during the forecast period. In this study, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Wheel Bearing.
This report presents the worldwide Wheel Bearing market size (value, production and consumption), splits the breakdown (data status 2014-2019 and forecast to 2025), by manufacturers, region, type and application.
This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
The following manufacturers are covered in this report:
Xiangyang Auto Bearing
Wheel Bearing Breakdown Data by Type
Gen. 1 Bearing
Gen. 2 Bearing
Gen. 3 Bearing
Wheel Bearing Breakdown Data by Application
Wheel Bearing Production by Region
Wheel Bearing Consumption by Region
Rest of Europe
Central & South America
Rest of South America
Middle East & Africa
Rest of Middle East & Africa
The study objectives are:
To analyze and research the global Wheel Bearing status and future forecast，involving, production, revenue, consumption, historical and forecast.
To present the key Wheel Bearing manufacturers, production, revenue, market share, and recent development.
To split the breakdown data by regions, type, manufacturers and applications.
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends, drivers, influence factors in global and regions.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
In this study, the years considered to estimate the market size of Wheel Bearing :
History Year: 2014 - 2018
Base Year: 2018
Estimated Year: 2019
Forecast Year: 2019 - 2025
This report includes the estimation of market size for value (million USD) and volume (K Units). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Wheel Bearing market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.