Automotive Mounted Bearing: Introduction

  • Automotive mounted bearing with rolling bearings support a rotating shaft that can be bolted on a machine frame or any other substructure. These bearings are widely used for radial thrust and heavy loads applications including powertrain and engine mountings.

Key Drivers of Automotive Mounted Bearing Market

  • Rise in disposable income and reduction in tax rates on passenger and commercial vehicles due to the coronavirus pandemic are prompting consumers to own vehicles. Rise in consumer preference for lightweight and fuel-efficient vehicles is estimated to boost the automotive mounted bearing market across the globe. Major automotive bearing manufacturers are continuously investing in manufacturing facilities to increase the production of automotive bearings and expand their geographic presence to enhance their product portfolio across the globe. In June 2019, SKF invested around US$ 42.5 million for expansion of their bearing factory in Xinchang, China.
  • Introduction to sensor-based mounted bearings in vehicles is likely to significantly boost the automotive mounted bearing market. Rise in demand for advanced safety features in vehicles, including anti-lock braking system where sensor based mounted bearings are extensively utilized, is likely to boost the automotive mounted bearing market across the globe.

Europe & Asia Pacific to hold significant share of global automotive mounted bearing market

  • Europe is projected to account for a significant share of the global automotive mounted bearing market due to rapid expansion of manufacturing industries across the region. Europe has presence of major original equipment manufacturers as well as tier-1 suppliers who have major facilities that undertake research & development regarding the mounted bearings, which is likely to propel the automotive mounted bearing market across the region.
  • Followed by Europe, Asia Pacific is projected to account a significant share of the global automotive mounted bearing market due to an increase in sale of vehicles across the region. Growing industrialization across the region and cost-effective manufacturing are anticipated to boost the automotive mounted bearing market in Asia Pacific. Easy availability of raw material required for manufacturing of mounted bearing is likely to further boost the automotive mounted bearing market in Asia Pacific.

Key Players Operating in Automotive Mounted Bearing Market

The global automotive mounted bearing market is expanding consistently, as a large number of players operate in the market. A few of the key players operating in the automotive mounted bearing market are:

  • Schaeffler AG
  • SKF
  • The TIMKEN Company
  • NSK Ltd.
  • NTN Corporation
  • JTEKT Corporation
  • Cixing Group Co. Ltd
  • ILJIN Co. Ltd.
  • BMI Bearings
  • ABB Motors and Mechanical Inc.
  • NRB Bearings
  • IPTCI Bearings
  • Bearings Ltd
  • PBC Linear
  • IKO International Inc.
  • Indiana Bearings Pvt Ltd

Global Automotive Mounted Bearing Market: Research Scope

Global Automotive Mounted Bearing Market, by Type

  • Pillow Block (Plummer Block)
  • Flanged Cartridge
  • Take Up Units
  • Others

Global Automotive Mounted Bearing Market, by Vehicle Type

  • Passenger Vehicle
  • Commercial Vehicle

Global Automotive Mounted Bearing Market, by Material

  • Chrome Steel
  • Stainless Steel
  • Carbon Alloy Steel
  • Plastic & Non-Metallic Material
  • Babbitt Metal
  • Cast Iron
  • Aluminum Alloys

Global Automotive Mounted Bearing Market, by Sales Channel

  • OEM
  • Aftermarket

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Automotive Mounted Bearing Market

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