Asia Pacific Blood Glucose Test Strip Packaging Market Research Repor Automotive Bearing Market | Page 2

demand for automotive bearings. Lost cost of production and low labor cost has resulted in the
expansion of vehicle manufacturing facilities. Also, the increase in production and sales of
vehicles in the region supports the market growth in APAC.
North America market for automotive bearings is a matured one. The OEMs in the region invest
heavily in R&D and are focused on the improvement of product quality. Besides, various
automotive manufacturers have set up their manufacturing units in Canada and Mexico which
are likely to spur the demand for automotive bearings in the region.
Competitive Landscape
Schaeffler AG., Jtekt Corporation, NTN Corporation, Iljin Bearing Co., Ltd., Timken Company,
Svenska Kullagerfabriken AB, RKB Bearings, Timken Company, ORS Bearings, CW Bearing, and
others are prominent players of the global automotive bearing market that have been profiled
in the report.
Industry Updates
In September 2017, Schaeffler announced its standard rolling bearing business plans by
integrating high investments in production capacities for FAG Generation C deep groove ball
bearings. The decision is to meet the heavy demand for standard deep groove ball bearings,
especially from China and the APAC region.
In April 2018, JTEKT Corporation showed its confidence in SONA Group by acquiring the latter’s
market share which gives JTEKT a competitive edge in the Indian market.
In 2018, Timken took over ABC Bearings which boosted the global position of Timken’s in
tapered roller bearing. It also helped Timken to strengthen its grounds in the Indian market.
broad study of the different market segments and regions.
Get Complete Report Details of Automotive Bearing Market @
https://www.marketresearchfuture.com/upcoming-reports/automotive-bearing-market-1996
Continued…….
About Us:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of
various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports
(HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR) and Market Research &
Consulting Services.
CONTACT US:
Market Research Future
Office No. 528, Amanora Chambers