The Global Automotive Needle Roller Bearing Market by Applications and Regions — Global Industry Analysis, Growth, Share, Size, Trends and Forecast 2020–2026

The global automotive needle roller bearing market is expected to reach a considerable value by 2026, expanding at a CAGR of 4% during the forecasted period from 2020 to 2026. The needle roller bearing is cylindrical in shape and is small in diameter compared to its length. The modified bearings prevent stress peaks to increase service life. These products come in different designs, sizes, and shapes which make them appropriate for a wide variety of applications. The use of needle roller bearing in automotive industries has grown rapidly in recent times owing to the advancement in technology. Some other factors need to be taken into consideration while performing the bearing operations are the geometry of housing, raceway surface finish, lubrication that prevents contamination and acts as coolant, and hardness of the bearing. The recent development in the technology such as a reduction in weight & cross-section has increased their applications.

Request for sample@https://dataintelo.com/request-sample/?reportId=74205

In the automotive industry, these bearings are used in U joints, auxiliary equipment, gearbox applications, torque converters, suspensions, and transmission. In addition, the needle roller bearings are used to reduce friction at important points of contact. North America region is expected to grow rapidly in the coming years due to the presence of major manufacturing players in countries such as the US, Mexico, and Canada. In addition, increased production of the electric vehicles, increased net disposable income, growing demand for passenger cars, and lucrative government policies that support investment in research & development are some of the factors driving the growth for the automotive needle roller barning market and is expected to continue the same in the forecasted period.

Market Trends, Drivers, Restraints, and Opportunities:

• Factors driving the growth for the automotive needle roller bearing market are its ability to withstand more rigid and larger shaft in various applications, increased demand for commercial vehicles, technological advancements, high load-bearing capacity, and lower cost compared to ball bearing.
• The latest trend in the automotive needle roller bearing market is the use of technology to reduce the weight and space occupied by these needles. In addition, these needle are also used to reduce energy consumption in electric vehicles.
• One of the limiting factors that is hindering the growth of the market is the cost associated with the investment in R&D to develop new products.
• The development in surface finish characteristics & stress analysis and the advent of electric vehicles provide many opportunities for the adoption of needle roller bearing in the automotive market segment.

Ask for discount@https://dataintelo.com/ask-for-discount/?reportId=74205

Competitive Landscape:

Key players operating in the global automotive needle roller bearing market are AST bearings, LELI SRL, Schaeffler Group, JTEKT, Koyo Seiko, NTN Corporation,Timken Company, SNL Bearings Limited, San Yun Industrial co. Ltd., SKF, NSK Ltd. Major strategies followed by these players are partnerships, investment in R&D for developing new products, improving product line for existing products, market expansion, partnerships, joint ventures, product innovation, and mergers & acquisitions. In December 2017–2018, companies such as JTEKT and Schaeffler have announced their investment plans regarding the expansion of needle roller bearing production facilities to meet the growing demand in the automotive industry. In January 2018, Schaeffler has developed a new transmission bearing with low friction, which is suitable for SUVs and commercial vehicles.

The global automotive needle roller bearing market has been segmented based on

Applications

• Passenger Cars
• Commercial Vehicle

Regions

• Asia Pacific
• Europe
• North America
• Middle East & Africa
• Latin America

Enquiry Before Buying@https://dataintelo.com/enquiry-before-buying/?reportId=74205

Why Choose Us:

• We offer industry-leading critical reports with accurate insights into the future of the market.
• Our reports have been evaluated by some industry experts in the market, thus making them beneficial for the company’s to maximize their return on investments.
• We provide a comprehensive pictorial representation of the information, strategic recommendations, outcomes of the analytical tools to offer an elaborate landscape, highlighting the key market players. This detailed assessment of the market will help the company increase efficiency.
• The demand and supply dynamics offered in the report give a 360 degree view of the market.
• Our report helps readers decipher the current and future constraints in the Automotive Needle Roller Bearing Market, and help them formulate optimum business strategies to maximize growth in the market.

Table of Contents

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Automotive Needle Roller Bearing Market Overview
5. Global Automotive Needle Roller Bearing Market Analysis and Forecast by Type
6. Global Automotive Needle Roller Bearing Market Analysis and Forecast by Application
7. Global Automotive Needle Roller Bearing Market Analysis and Forecast by Sales Channel
8. Global Automotive Needle Roller Bearing Market Analysis and Forecast by Region
9. North Automotive Needle Roller Bearing Market Analysis and Forecast
10. Latin Automotive Needle Roller Bearing Market Analysis and Forecast
11. Europe Automotive Needle Roller Bearing Market Analysis and Forecast
12. Asia Pacific Automotive Needle Roller Bearing Market Analysis and Forecast
13. Middle East & Africa Automotive Needle Roller Bearing Market Analysis and Forecast
14. Competition Landscape

About DataIntelo:

DATAINTELO has set its benchmark in the market research industry by providing syndicated and customized research report to the clients. The database of the company is updated on a daily basis to prompt the clients with the latest trends and in-depth analysis of the industry. Our pool of database contains various industry verticals that include: IT & Telecom, Food Beverage, Automotive, Healthcare, Chemicals and Energy, Consumer foods, Food and beverages, and many more. Each and every report goes through the proper research methodology, validated from the professionals and analysts to ensure the eminent quality reports.

Contact Info:

Name: Alex Mathews

Address: 500 East E Street, Ontario,CA 91764, US.

Phone No: US: +1 909 545 6473 | IND: +91–7000061386

Email: [email protected]

Website: https://dataintelo.com