Asia Pacific Blood Glucose Test Strip Packaging Market Research Repor Automotive Bearing Market

Global Automotive Bearing Market to Flourish with 6% CAGR during the Forecast Period (2016-
2022): MRFR
The automotive bearing market is growing in sync with the rising use of transportation to
deliver goods. Automotive bearings play a pivotal role in efficiently carry heavy loads. In
addition, they provide reliability, durability, and ability to perform high-speed rotations with
minimal sound and vibration. At the same time, it ensures smoother operation of a vehicle by
reducing friction between the moving parts of a vehicle. The automotive bearing market is
about to witness a CAGR of 6% during the forecast period (2016-2022). Market Research Future
(MRFR) in their published report on the same market focuses on segmental analysis and factors
that can have a far-reaching impact on the market over the review period. Among the major
factors, expansion of the automobile sector and inclusion of the latest technology to reduce
fuel intake and increase the lifespan of the vehicles can be considered impactful. Development
in sealing technologies can influence the automotive bearing market as it increases the lifespan
of the vehicles significantly. At the same time, an increasing volume of fleet service is providing
traction for the aftermarket which can spark the growth of the automotive bearing market.
Despite such advancements, the rise in the adoption of electric vehicles can become a market
deterrent. Electric vehicles need lesser bearings which can prevent the automotive bearing
market from having the projected growth over the assessment period.
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Segmentation
The automotive bearing market can be segmented based on two dynamics for the convenience
of the report and enhanced understanding, namely type and vehicle type.
Based on type, the automotive bearing market can be segmented into ball bearings, roller
bearings, plain bearings, thrust bearings, and others. Roller bearings are having a great run in
the segment.
Based on vehicle type, the automotive bearing market can be segmented into 2-wheeler,
passenger, and commercial. Passenger vehicles provide much traction to the market.
Regional Analysis:
Geographical analysis of the automotive bearing market includes North America, Europe, Asia
Pacific (APAC) and Rest-of-the-World (RoW).
Regional Analysis
North America, Europe, Asia Pacific (APAC), and the Rest of the World (RoW) are the key
markets for automotive bearings. APAC dominates the global automotive bearing market due
to the prolific growth of the automotive industry in the region which generates considerable