Automotive Bearing Market is expected to generate a revenue of USD 38.31 Billion by 2031, Globally, at 6.12% CAGR: Verified Market Research®

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Sep 08, 2025, 10:30 ET

The global Automotive Bearing Market is witnessing strong demand, fueled by the rising adoption of electric vehicles (EVs), advancements in lightweight materials, and increasing focus on fuel efficiency. However, challenges such as fluctuating raw material costs, supply chain disruptions, and counterfeit products restrain market growth, creating a dynamic landscape for OEMs and suppliers.

LEWES, Del., Sept. 8, 2025 /PRNewswire/ -- The Global Automotive Bearing Market Size is projected to grow at a CAGR of 6.12% from 2024 to 2031, according to a new report published by Verified Market Research®. The report reveals that the market was valued at USD 24.88 Billion in 2023 and is expected to reach USD 38.31 Billion by the end of the forecast period.

The Automotive Bearing Market is expanding steadily as vehicle electrification and advanced mobility solutions gain traction. Bearings play a crucial role in efficiency, safety, and durability, making them indispensable in both ICE and EV segments. Emerging markets and aftermarket growth further strengthen opportunities.

For a detailed analysis of industry trends and growth drivers, explore the full Automotive Bearing Market.

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202 - Pages
126 – Tables
37 – Figures

Global Automotive Bearing Market Overview

Market Driver

1. Rising Adoption of Electric Vehicles (EVs):
The rapid growth of electric vehicles is transforming the automotive bearing market. Bearings are critical components in EV drivetrains, motors, and wheel assemblies, requiring high durability and low friction to enhance efficiency.

EVs operate under higher torque conditions, creating demand for advanced bearing solutions.
Government incentives and sustainability goals are accelerating EV adoption globally.
OEMs are investing heavily in precision-engineered, lightweight bearings to meet EV-specific needs.
This shift is not only driving OEM production volumes but also reshaping aftermarket opportunities as EV owners require specialized replacement parts.

2. Increasing Demand for Lightweight and Fuel-Efficient Vehicles:
The automotive industry is under constant pressure to reduce emissions and improve fuel economy. Bearings play a pivotal role in supporting this transition.

Lightweight vehicles require components that minimize energy loss and optimize performance.
Advanced materials such as ceramics and polymers are being increasingly used in bearings.
These innovations help reduce friction, extend product life, and improve overall efficiency.
Automakers are integrating such solutions to comply with global emission regulations, fueling market demand.

3. Expansion of Automotive Aftermarket Services:
With rising vehicle ownership and longer vehicle lifespans, the aftermarket segment for bearings is becoming a strong revenue contributor.

Bearings are wear-prone parts that require periodic replacement.
Expanding aftermarket distribution channels and e-commerce platforms are improving accessibility.
Fleet operators and individual vehicle owners are prioritizing preventive maintenance, driving aftermarket sales.
Emerging economies with growing middle-class populations are witnessing increased vehicle usage, further fueling aftermarket demand.

Market Restraints

1. Volatility in Raw Material Prices:
Raw material price fluctuations pose a major challenge for automotive bearing manufacturers.

Bearings are largely made of steel and specialty alloys, which are prone to price volatility.
Factors such as global demand imbalances, energy costs, and geopolitical tensions impact availability.
Rising input costs squeeze manufacturer margins, especially for smaller market players.
This price instability makes long-term planning difficult and creates uncertainty across supply chains.

2. Growing Prevalence of Counterfeit Products:
Counterfeit bearings present a serious threat to both safety and market credibility.

Low-quality fake products infiltrate supply chains, especially in developing regions.
These products compromise vehicle performance, efficiency, and safety.
OEMs and established brands face reputation risks due to counterfeit issues.
Lack of strict regulatory enforcement in certain markets enables the circulation of substandard bearings.

3. Supply Chain Disruptions and Global Trade Barriers:
The global nature of automotive manufacturing leaves the bearing market vulnerable to disruptions.

Events like the COVID-19 pandemic and geopolitical conflicts disrupt logistics and production.
Delays in raw material sourcing lead to longer lead times for OEMs.
Trade restrictions and tariffs add further challenges to cross-border operations.
These disruptions increase operational costs and reduce the timely availability of critical bearing components.

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Geographical Dominance: Asia-Pacific dominates the Automotive Bearing Market, driven by the strong presence of automotive manufacturing hubs in China, Japan, South Korea, and India. Rising vehicle production, increasing EV adoption, and expanding aftermarket services further strengthen the region's leadership. Favorable government policies, cost-effective labor, and advanced supply chains make Asia-Pacific the fastest-growing and largest market. North America and Europe also contribute significantly, with demand fueled by technological innovation and stringent emission standards.

Key Players

The "Global Automotive Bearing Market" study report will provide a valuable insight with an emphasis on the global market. The major players in the market are JTEKT Corporation, SKF, Schaeffler AG, NSK Ltd, NTN Corporation, TIMKEN, Nippon Thompson, RBC Bearings Incorporated, Iljin Co., Ltd., and CW Bearing.

Automotive Bearing Market Segment Analysis

Based on the research, Verified Market Research has segmented the global market into Type, Application, Vehicle Type, and Geography.

Automotive Bearing Market, by Type
- Ball Bearings
- Roller Bearings
- Plain Bearings
- Others
Automotive Bearing Market, by Application
- Engine
- Transmission
- Wheel Hub
- Others
Automotive Bearing Market, by Vehicle Type
- Passenger Vehicles
- Light Commercial Vehicles
- Heavy Commercial Vehicles
Automotive Bearing Market, by Geography
- North America
  - U.S
  - Canada
  - Mexico
- Europe
  - Germany
  - France
  - U.K
  - Rest of Europe
- Asia Pacific
  - China
  - Japan
  - India
  - Rest of Asia Pacific
- ROW
  - Middle East & Africa
  - Latin America

Strategic Insight:

The Automotive Bearing Market is evolving rapidly, driven by EV adoption, lightweight material innovation, and a growing aftermarket, while challenges such as raw material volatility, counterfeit risks, and supply chain disruptions create barriers. Asia-Pacific's dominance, supported by high vehicle production and cost advantages, makes it a prime growth region, while North America and Europe focus on advanced technologies and regulatory compliance. For market entry strategies, companies should prioritize regional customization, invest in R&D for energy-efficient solutions, and strengthen distribution networks to capture both OEM and aftermarket opportunities in this competitive, innovation-driven market.

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Key Highlights of the Report:

Market Size & Forecast: In-depth analysis of current value and future projections
Segment Analysis: Breaks down the market by Type, Application, and Vehicle Type for focused strategy development.
Regional Insights: Comprehensive coverage of North America, Europe, Asia-Pacific, and more
Competitive Landscape: Profiles key players, their strategic initiatives, and innovation-driven growth approaches.
Growth Drivers & Challenges: Analyzes the forces accelerating growth and the restraints hindering large-scale adoption.
Challenges and Risk Assessment: Evaluates ethical debates, off-target effects, and regulatory complexities.

Why This Report Matters:

This report offers actionable insights into how the Automotive Bearing Market is evolving with EV adoption, fuel-efficiency demands, and global supply chain changes. It empowers decision-makers with data-driven intelligence to identify growth opportunities, mitigate risks, and stay ahead in a competitive landscape.

Who You Should Read This Report:

Automotive OEMs & Tier 1 suppliers
Bearing manufacturers & component suppliers
Industrialists & investors exploring mobility trends
Market research professionals & B2B strategists
Supply chain, procurement, and product development leaders

Browse Related Reports:

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Global Semiconductor Bearing Market Size By Material Type (Ceramic Bearings, Metal Bearings, Composite Bearings), By Application (Robotics, Automation Equipment, Consumer Electronics), By End-User (Aerospace, Automotive, Industrial Machinery), By Geography, And Forecast

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