Global Automotive Suspension Bearings Market 2018-2022

Below are some of the key findings from the automotive suspension bearings market research report:

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Global automotive suspension bearings industry overview

The stringent regulations regarding fuel efficiency are among the key factors that will drive the automotive suspension bearings market growth in the forecast period. With fuel efficiency regulations getting more and more rigid, automotive manufacturers need to increase the operational efficiency of components. Subsequently, OEMs are focusing on the development of automotive components which can reduce fuel consumption. Innovation in suspension bearings, such as the development of low friction bearings and low torque bearings can improve fuel efficiency substantially. These developments will drive the automotive suspension bearings market growth over the forecast period.

The introduction of ceramic bearings for high-performance vehicles is one of the major upcoming automotive suspension bearings market trends. OEMs are developing light-weight automotive mechanical components to improve fuel efficiency. Use of ceramic bearings instead of steel bearings can reduce the weight significantly. In addition to the reduction in weight, ceramic bearings also provide additional rigidity which reduces the deformation of bearings. This results in improved fuel performance. The automotive suspension bearings market forecast report predicts that fueled by these factors, the market will grow at a CAGR of almost 7% during the forecast period.

Top automotive suspension bearings companies covered in this market research report

The automotive suspension bearings market is moderately concentrated. By offering a complete analysis of the market’s competitive landscape and with information on the products offered by the companies, this automotive suspension bearings industry analysis report will help clients identify and design new growth strategies.

The report offers a complete analysis of various companies including:

• JTEKT Corporation
• NSK
• NTN
• Schaeffler
• SKF

Automotive suspension bearings market segmentation based on geographic regions

• Americas
• APAC
• EMEA

According to global automotive suspension bearings market analysis, the APAC region will lead the automotive suspension bearings market share during the forecast period. APAC will also account for the highest automotive suspension bearings market growth throughout the forecast period.

Automotive suspension bearings market segmentation based on vehicle type

• Passenger cars
• Commercial vehicles

The passenger cars segment will account for the largest automotive suspension bearings market share during the forecast period. Passenger cars will also account for the highest automotive suspension bearings market growth. Additionally, the report also provides an accurate prediction of the contribution of all the vehicle types to the increase of the automotive suspension bearings market size.

Key highlights of the global automotive suspension bearings market for the forecast years 2018-2022:

• CAGR of the market during the forecast period 2018-2022
• Detailed information on factors that will accelerate the growth of the automotive suspension bearings market during the next five years
• Precise estimation of the global automotive suspension bearings market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the automotive suspension bearings industry across the Americas, APAC, and EMEA
• A thorough analysis of the market’s competitive landscape and detailed information on several vendors
• Comprehensive details on the factors that will challenge the growth of automotive suspension bearings companies

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