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Automotive Bearing Seals Market Share

Report ID: GMI5150
Published Date: Nov 2021
Report Format: PDF

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Automotive Bearing Seals Market Share

Some of the key manufacturers in the industry are

SSP Manufacturing Inc.
SKF Bearings
The Timken Company
JTEKT Corporation
Clark Seals
France Joint
Ashutosh Rubber Pvt Ltd.
Well Oil Seal Industrial Co., Ltd.
NSK Ltd.
C&U Group Company Limited.

The market is consolidated with the five major players accounting for more than three-fourths of the global industry. Major companies are engaged in partnerships with automotive vehicle manufacturers to gain a competitive edge over other companies. With the increasing demand for bearings in various automotive applications, many manufacturers are investing in these technologies to gain a competitive advantage. Manufacturers compete through product innovations and geographic expansion via mergers & acquisitions of smaller firms to expand their global presence.

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of automotive bearing seals crossed USD 749.9 million in 2020 and is projected to grow at 4.2% CAGR till 2027 as automakers focus on improving vehicle performance.

Automotive bearing seals demand from the HCV segment could be worth USD 60 million by 2027 due to the expansion of road transport and logistics industries in emerging economies.

Europe could generate a demand for over 350 million units by 2027 due to the increasing volume of automobile production.

SSP Manufacturing Inc., SKF Bearings, The Timken Company, JTEKT Corporation, Clark Seals, France Joint, Ashutosh Rubber Pvt Ltd., Well Oil Seal Industrial Co., Ltd., NSK Ltd., and C&U Group Company Limited are among the leading manufacturers of automotive bearing seals.