Global Automotive Transmission Bearings Market 2017-2021

Overview of the global automotive transmission bearings market

Manufacturers are equipping their vehicles with automatic transmission systems to enhance the comfort and safety levels. Research analysis on the global automotive transmission bearings market identifies that the rising penetration of automatic transmission parts and systems will be one of the major factors that will have a positive impact on the growth of the market. Vendors use different types of transmission bearings to enhance the effectiveness and smooth functioning of automatic transmission systems. The major types of bearings used in the passenger car and commercial vehicle segments include ball bearings and roller bearing components. Vehicles with thrust washers require Torrington bearings with needle bearings to facilitate a smooth gear shift. Technavio’s market research analysts predict that in terms of units, this global market will grow at a CAGR of about 3% by 2021.

Bearing units undergo wear and tear upon friction. This is compelling OEMs to develop bearing units that can withstand various degrees of friction. As a result, they are increasingly participating in research and developmental activities. The introduction of ultra-low-friction sealed ball bearings is identified as one of the key trends that will drive the growth prospects for the automotive transmission bearings market during the estimated period. Ultra-low-friction sealed bearings limit the rational torque up to 80%. The seal lip convex in these bearings allow a sufficient flow of lubricants through their microscopic structure. It enhances the performance of automotive transmission systems by preventing the deposition of foreign matter in between the sealed ball bearings.

Competitive landscape and key vendors

The automotive transmission bearings market is characterized by the presence of a small number of manufacturers. Manufacturers are trying to upgrade their offerings by increasing the efficiency of automotive transmission bearings. The established vendors in this transmission parts market are facing challenges due to the introduction of counterfeit products. This in turn, is encouraging vendors such as NTN Bearing to educate consumers and retailers about counterfeit automotive bearings by conducting consumer awareness programs.

Key vendors in this market are -

• NSK
• NTN Bearing
• Schaeffler

Other prominent vendors in the market include BorgWarner, Honeywell, JTEKT, SKF, Timken, and ZOLLERN.

Segmentation by application and analysis of the automotive transmission bearings market

• Passenger cars
• Commercial vehicles

Manufacturers mainly use two transmission bearing units set, which are free-end bearings unit and fixing end bearings unit. They also use needle bearing or needle roller type transmission bearings in passenger cars because these vehicles are manufactured to carry minimal loads in comparison to commercial vehicles. The automotive transmission bearings market is experiencing growth in the passenger cars sector because these bearings can be assembled directly within the ground. In addition, these bearings are produced on a large scale because they are highly economical.

Segmentation by geography and analysis of the automotive transmission bearings market

• Americas
• APAC
• EMEA

The production of automotive transmission bearings is high in APAC due to the rising sales volume of automobiles. The purchase of automobiles will further increase in the region due to the economic growth of China, India, and Indonesia. Countries such as Singapore, Japan, Malaysia, and Australia also contribute to the growth of the automotive transmission bearings market in APAC. Since the adoption of vehicles will continue to increase in the region due to the increased spending power of individuals, this region will considerably contribute to the growth of the transmission parts market during the next few years as well.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global automotive transmission bearings market?
• What are the key market trends impacting the growth of the global automotive transmission bearings market?
• What are the challenges to market growth?
• Who are the key vendors in the global automotive transmission bearings market?
• What are the market opportunities and threats faced by the vendors in the global automotive transmission bearings market?
• What are the trending factors influencing the market shares of the Americas, APAC, and EMEA?
• What are the key outcomes of the five forces analysis of the global automotive transmission bearings market?

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