Automotive Needle Roller Bearing Market Share

Automotive Needle Roller Bearing Market Share

Schaeffler AG and JTEKT Corporation collectively held a substantial market share of over 15% in the automotive needle roller bearing industry in 2023.
 

• Schaeffler AG has utilized their engineering skills and research spending to offer further innovative bearing solutions in correspondence with the changes in the automotive industry. Schaeffler AG has made considerable progress in the integration of its product with electric vehicles range and anxiety issues.
   
• JTEKT has established a reputation for excellence in the manufacture of precision bearing products, which are measured against the highest quality standards. The company has a wide range of products for different uses in the automotive industry, including electric vehicles. Production sites for JTEKT are located in key regions around the globe, which allows it to reach a broad range of customers.
   

Automotive Needle Roller Bearing Market Companies

Major players operating in the automotive needle roller bearing industry are:

• C&U Group
• GKN plc
• JTEKT Corporation
• NACHI-FUJIKOSHI Corp.
• NSK Ltd.
• NTN Corporation
• Schaeffler AG
• SKF Group
• The Timken Company
• THK Co., Ltd.
   

Considering the modern interests of simplifying the production of light yet very strong elements for electric and hybrid vehicles, global leaders are investing more resources into bringing new products onto the automotive needle roller bearing market. Advanced materials like high strength steels with ceramic coatings enable manufacturers to improve a component’s load capacity, while decreasing its weight and the friction it creates. Such modifications cope with existing issues for fuel economy improvement, lowering emission limits and electrification of the automotive powertrain.
 

The automotive needle roller bearing market has a very active character, influenced by both foreign and domestic business structures. These global companies are able to win the market by fulfilling the demands of a wide range of automotive products, i.e. transmissions, engines, driveshafts and more, with a vast array of high-value goods. Their market position backed by large product portfolios, cooperative agreements with other companies and their own distribution centers.