Key Findings of the Global Automotive Transmission Bearings Market | Technavio

The global automotive transmission bearings market is expected to grow at a CAGR of around 3% from 2017-2021, according to a new market research report by Technavio.

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Technavio has published a new market research report on the global automotive transmission bearings  ...

Technavio has published a new market research report on the global automotive transmission bearings market 2017-2021 under their automotive library. (Graphic: Business Wire)

Global automotive transmission bearings market segmentation by application and geography

Technavio’s report on the global automotive transmission bearings market analyses the business dimensions and presents a comprehensive breakdown in terms of market segmentation by application, including passenger cars and commercial vehicles. As projected in 2016, around 76% of the market share originated from passenger cars.

Based on geography, the global automotive transmission bearings market has been segmented into APAC, EMEA, and the Americas. As of 2016, more than 54% of the market share came from APAC.

“The progressing economic growth of China, India, and Indonesia is driving the automotive sales in APAC. Other important countries contributing to the growth of the automotive transmission systems are Singapore, Japan, Malaysia, and Australia. Progressing economic development leads to the increased spending power of households that significantly influences vehicle purchase. In APAC, most of the automotive industry is centered in China and India. The increasing sales of passenger cars and commercial vehicles in these countries are contributing significantly to the rising demand for automotive transmission bearings,” says Raj Gaurav Singh, a lead analyst at Technavio for automotive components research.

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Global automotive transmission bearings market: competitive vendor landscape

The global automotive transmission bearings market is a mature market. It is characterized by the presence of a small number of manufacturers occupying large market shares. The key vendors in this market are NSK, NTN Bearing, and Schaeffler. The efficiency of automotive transmission bearings is the main area of focus for manufacturers as it forms the major means to upgrade offerings in the market. The market is highly capital-intensive and has low asset turnover.

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Other topics covered in the report:

Market drivers:

  • Rising penetration of automatic transmission systems
  • Increasing stringency of fuel efficiency regulations

Market challenges:

  • Penetration of counterfeit automotive transmission bearings
  • Heavy and unbalanced shafts increase wear of transmission bearings

Market trends:

  • Growing introduction of ultra-low-friction sealed ball bearings
  • Growing development of transmission bearings with high resistance to wear caused by housing

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