Global Automotive Engine Bearings Market: Overview
The engine bearing is a plain bearing or a journal on which the rotation of the crankshaft is possible within an automobile internal combustion engine. The main responsibility of the bearing is to cling to the crankshaft in the current position so that the connecting rod from the crankshaft is not dislodged. The engine bearing prevents the force created by the piston and the transmission to the crankshaft. Further developments in the technology are being made in the field of automotive engine bearings so that the engine bearings function properly and have a longer life. The proper working of the engine bearings is achieved when the construction material possess the properties such as high strength and softness.
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The global automotive engine bearings market is segmented into its sales channel, product type, and vehicle type. Based on the sales channel, the global market is segregated into independent suppliers and original equipment manufacturers. Depending on the product type, the market is divided into plain bearings, ball bearings, roller bearings, and others. On the basis of the vehicle type, the market is categorized into light commercial vehicles, two-wheelers, passenger cars, and heavy commercial vehicles.
The overall advancement in the automotive sector is the prime reason that contributes to the growth of the market. In the developing countries, the changing living standards and the growing disposable incomes have made it possible for the consumers to use vehicles, which for the effective use of the automobiles have the complete aftermarket products fitted. Furthermore, there has been an increase in the production of automobiles which in turn has fuelled the growth of the automotive engine bearings market in the coming years. Developments are being made in the technology and researchers are focusing on producing strong materials that are able to uphold more load will boost the growth of the automotive engine bearings market. The automotive engine bearings replacement rate is high and thus the aftermarket of automotive hold an important share in the market.
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Region-wise, the global automotive engine bearings market is segregated into North America, Europe, Asia-Pacific, and Rest of the World. North America and Asia-Pacific dominates the automotive engine bearings market due to the presence of large number of automobile manufacturers in these regions. The consumers inhabit their vehicles with robust and durable parts so that their vehicles have good performance and the breakdown of the engines is avoided. The nations such as Russia, Brazil, China, India, and South Africa are the global markets for the automobiles which in turn will contribute significantly to the expansion of the overall automotive engine bearings market.
Market Competitive Players
Some of the key market players that are involved in the automotive engine bearings market are ORS Bearings, MAHLE Aftermarket Inc., SNL Bearings Ltd., NSK Ltd., RBC Bearings, Schaeffler AG., RKB Bearings, Timken Company, C&U Bearing NTN Corporation, Nachi Fujikoshi Corp., Minebea Co., Ltd., CW Bearing, King Engine Bearings, Inc., Svenska Kullagerfabriken AB, Iljin Bearing Co., Ltd., Jtekt Corporation, and Wafangdian Bearing Group Corp.
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Global Automotive Engine Bearings Market by Geographical Analysis: North America( U.S.), Europe( UK, France, Germany), Asia-Pacific (China, Japan, India), Latin America( Brazil), Middle East and Africa
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