Global Automotive Turbocharger Bearings Market 2017-2021

Overview of the global automotive turbocharger bearings market

Market research analysts at Technavio predict that the global automotive turbocharger bearings market will grow steadily at a CAGR of more than 10% by 2021. The increasing sales of turbocharged commercial vehicles is identified as one of the primary growth factors for this market. Turbochargers are increasingly used by commercial vehicles as these vehicles need engines that offer adequate amount of engine power for carrying heavy loads. Vehicle manufacturers do not want to add large capacity engines for offering increased engine output as high-powered engines are heavier and need increased amounts of fuel to operate. Moreover, large capacity engines produce huge amount of vehicular emissions, which leads to the violation of stringent vehicular norms implemented by governments in various regions. To mitigate this, turbochargers are used for increasing the power output of smaller displacement engine by forcing higher amounts of air into the combustion chamber and increasing the efficiency of combustion. This will lead to lesser fuel being used for combustion and produce more engine output. The near complete combustion enabled within a turbocharged engine lowers the amounts of toxic gases formed ensuring that the vehicle is compliant with the latest emission regulations. Majority of the commercial vehicles running on diesel engines are fitted with turbochargers. The rising sales of commercial vehicles will drive the demand for the turbocharger bearings market during the forecast period.

One of the latest trends that will gain traction in the automotive turbocharger bearings market is the integration of sensors with bearings used in automobiles. Turbochargers in an automobile are continuously in contact with harsh environment involving dust, sand, and other microparticles. This leads to deterioration in the quality of automotive turbocharger bearings. Additionally, due to the complex placement of turbocharger bearings, it is usually difficult to spot signs of wear during a normal vehicle maintenance session. To keep track of the maintenance better, NTN Bearing, an automotive bearing manufacturer, has announced bearings with integrated radio frequency identification (RFID) chips. These RFID chips are embedded in the bearings and permit read/write operations for recording operation history and quality information. Information regarding the last inspection can also be recorded which assists in understanding the stability and quality of the bearings used in an automobile. Moreover, automobile manufacturers will be integrating sensors in automotive turbocharger bearings to monitor levels of wear and tear remotely and to offer timely warning to the vehicle owner regarding an increased probability of malfunction.

Competitive landscape and key vendors  

The automotive turbocharger bearings market consists of a small number of manufacturers occupying major market shares. The key vendors in the market have significant presence in EMEA and the Americas, especially in developed countries such as the US, and Germany. To sustain in the automotive turbocharger market, the key vendors should try to expand their geographical reach and tap the rising demand for ball bearing from various end-user industries in APAC, especially in the developing markets such as China, Indonesia, Vietnam, and India. The introduction of innovative products such as electric turbochargers is also on the rise in the market. 

The leading vendors in the market are: 

• NSK
• NTN Bearing
• Schaeffler 

The other prominent vendors in the market are JTEKT, The Timken Company, SKF, ZOLLERN GmbH & Co, Honeywell International, and BorgWarner.

Segmentation by application and analysis of the automotive turbocharger bearings market

• Passenger cars
• Light commercial vehicles (LCVs)
• Medium and heavy commercial vehicles (MHCVs)

During 2016, the passenger cars segment accounted for the major shares of the automotive turbocharger market. Factors such as the rising demand for fuel-injected passenger cars and the increasing preference for driving comfort and fuel efficiency will contribute to the growth of this industry segment in the coming years.

Geographical segmentation and analysis of the automotive turbocharger bearings market

• Americas
• APAC
• EMEA

This market study estimates that in terms of geographic regions, EMEA will be the major revenue contributor to the automotive turbocharger bearings market throughout the forecast period. The increasing sales of passenger cars and commercial vehicles and the higher income levels in the middle east will increase the demand for turbochargers. This will in turn, drive the growth of the automotive turbocharger bearings market in this region.

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 turbocharger bearings market?
• What are the key market trends impacting the growth of the global automotive turbocharger bearings market?
• What are the challenges to market growth?
• Who are the key vendors in the global automotive turbocharger bearings market?
• What are the market opportunities and threats faced by the vendors in the global automotive turbocharger bearings market?
• 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 turbocharger bearings market?

Technavio also offers customization on reports based on specific client requirement.

This impending industry research report on the automotive turbocharger bearings market offers insights into the key market trends and emerging drivers influencing the growth of the automotive industry. Our market research reports for the automotive also industry follow a scrupulous data collection methodology and offer an analysis of fast growing market segments like automotive components.

By considering the market forecast and size, surging demand for various automotive services, the market research experts at Technavio offer an all-inclusive picture of the automotive turbocharger bearings market for the estimated period of 2017 to 2021. Furthermore, our research practices support clients devise effective growth strategies and compete with the continually changing market landscape. This market study also offers an extensive analysis of various automotive services based on the interpretation of the information gathered from specific resources such as channel partners and market stakeholders. This upcoming market research report on the automotive turbocharger bearings market also covers vendors like SKF, NSK, Schaeffler, NTN Bearings, and JTEKT.

This upcoming industry report on the automotive turbocharger bearings market also considers the growth of the related markets such as the automotive disc brake market, which is expected to project an impressive CAGR of above 4% during the forecasted period. According to our research analysts, the rising popularity of downsized engines across the globe is expected to augment the global market significantly. Furthermore, to offer clients the scope to identify potential market opportunities and expand in niche markets, this report on the automotive turbocharger bearings market also covers geographies like the Americas, APAC, and EMEA.

The forthcoming industry research report for the automotive turbocharger bearings market also categorizes the key drivers, prominent trends, as well as the imminent restraints that the automotive components sector currently experiences. It also presents insights into the dynamically changing competitive scenario to give clients a complete view of the industry. Technavio also provides in-depth market assessments into the sectors such as automotive accessories and automotive electronics.

Technavio also offers clients the option to customize every report to suit their specific requirements and offers attractive discounts on all upcoming reports and future purchases.