Automotive Hub Bearings Aftermarket Market Introduction
A hub unit bearing is a component found in motorcyclists, light and large commercial trucks, and passenger cars. An ABS sensor, hub shaft, outer ring, bearing rings, cages, shaft end clinching, and rolling parts make up a hub unit bearing. Hub unit bearings can be divided into three main categories: first-generation (HUB I), second-generation (HUB II), and third-generation (HUB III). The integration of the bearings and their auxiliary components determines the different hub unit bearing types. Recent growth in the sales of automobiles and aftermarket goods has increased the need for these bearings. Hub unit bearing demand is also rising as a result of the installation of an antilock braking system (ABS) in the vehicle. The increase in sales of aftermarket products and the rise in demand for pre-owned/used vehicles and bikes in various countries throughout the world are further drivers of market expansion.
The majority of cars, passenger vehicles, light and large trucks employ a wheel hub assembly (WHA), also known as a hub assembly, wheel hub unit, wheel hub bearing, etc. The two bearing types that are frequently utilised in passenger cars are ball bearings and taper roller bearings. They also vary according to the application and load. As transit usage increases, performance improves, and driving habits change, so are the demands placed on wheel hubs cars. On a separate level, there is a high need for automotive wheel bearing in this business as well because automated driving systems are totally controlled by sensors. With the increase in production of heavier weight carrying commercial vehicles, high performance vehicles, and other vehicles, the automobile wheel bearing aftermarket is rapidly expanding. To ensure the smooth operation of the wheels and the free rotation of the wheel hub, wheel bearing maintenance is crucial. As a result, demand for aftermarket services for vehicle wheel bearings is rising.
Wheel studs, which secure the vehicle’s wheels to the car, are part of the wheel hub assembly. The front and rear axles of the wheel hub assembly are mounted to the steering and suspension systems, respectively. The wheel hub assembly market will be driven by changes in technology, an increase in automobile sales, and the introduction of electric vehicles. If there is a strong emphasis on reducing vehicle weight to boost automotive economy, the market for hub bearings for automobiles is anticipated to rise more swiftly. Additionally, a lucrative need for automotive hub bearings exists as a result of the large production and sales of automobiles, which is boosting industry growth.
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Global Automotive Hub Bearings Aftermarket Market: Major Players
NTN
Xiangyang Automobile Bearing
GKN
Wanxiang
ILJIN
Shaoguan Southeast
Nachi-Fujikoshi
PFI
Wafangdian Bearing
CU Group
JTEKT
TIMKEN
FKG Bearing
GMB Corporation
Schaeffler
Hubei New Torch
Changjiang Bearing
Xiangyang Xinghuo
Changzhou Guangyang
SKF
NSK
Harbin Bearing
Global Automotive Hub Bearings Aftermarket Market: By Types
Ball
Tapered
Global Automotive Hub Bearings Aftermarket Market: By Applications
Passenger Vehicle
Commercial Vehicle
Key Indicators Analysed
Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2016-2021 & Sales by Product Types.
Global and Regional Analysis: The report includes Global & Regional market status and outlook 2022-2030. Further the report provides break down details about each region & countries covered in the report. Identifying its production, consumption, import & export, sales volume & revenue forecast.
Analysis by Product Type: The report covers majority Product Types in the Process Fluid Industry, including its product specifcations by each key player, volume, sales by Volume and Value (M USD).
Markat Analysis by Application Type: Based on the Process Fluid Industry and its applications, the market is further sub-segmented into several major Application of its industry. It provides you with the market size, CAGR & forecast by each industry applications.
Trends: Market key trends which include Increased Competition and Continuous Innovations.
