Global Automotive Needle Roller Bearing Market Outlook, 2019-2023 with JTEKT, NSK, NTN, Schaeffler, and SKF Dominating - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Feb 14, 2019--The “Global Automotive Needle Roller Bearing Market 2019-2023” report has been added to ResearchAndMarkets.com’s offering.
The automotive needle roller bearing market will register a CAGR of close to 4% by 2023.
Progress in the global electric vehicle market has a major impact on driving the automotive needle roller bearings market in terms of technology. Development of electric vehicle generates the need for different systems and components. This drives manufacturers to develop newer types of automotive needle roller bearings, compatible with electric vehicle systems. The development of electric vehicles is expected to drive the market in terms of technology and value. The electric vehicle market is witnessing tremendous support from governing bodies of various regions.
These governing bodies undertake policies that restrict the sales and production of internal combustion engine vehicles to favor the use of electric vehicles. Certain countries have announced a timeframe to restrict the use of internal combustion engine vehicles. Thus, the development of electric vehicles is expected to drive the production of automotive needle roller bearings compatible with electric vehicles by 2023.
Rising stringent of automotive noise, vibration and harshness standards
Vehicle makers are given guidelines by vehicle noise, vibration, and harshness (NVH) standards that propose various measures to control vibration and eliminate noise in vehicles. Automotive needle roller bearings are the lightest and smallest roller bearings. These bearings have high roller length-to-diameter ratio, which allows them a higher load capacity than roller bearings or single-row balls. Vehicle makers are expected to design their vehicles according to the guidelines given in the NVH standards to eliminate noise and harshness.
Rising instances of counterfeiting
Counterfeit products hamper the sales of genuine automotive components and negatively affect the organized players. The increasing popularity of counterfeit automotive needle roller bearings poses a serious challenge to the major manufacturers of automotive bearings such as SKF and NTN.
The market appears to be highly concentrated and with the presence of very few vendors. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market’s competitive landscape and offering information on the products offered by companies.
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: MARKET LANDSCAPE
- Market ecosystem
- Market characteristics
- Market segmentation analysis
PART 04: MARKET SIZING
- Market definition
- Market sizing 2018
- Market size and forecast 2018-2023
PART 05: FIVE FORCES ANALYSIS
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
PART 06: MARKET SEGMENTATION BY APPLICATION
- Comparison by application
- Passenger cars - Market size and forecast 2018-2023
- Commercial vehicles - Market size and forecast 2018-2023
- Market opportunity by application
PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPE
- Geographic comparison
- APAC - Market size and forecast 2018-2023
- Europe - Market size and forecast 2018-2023
- North America - Market size and forecast 2018-2023
- South America - Market size and forecast 2018-2023
- Middle East and Africa - Market size and forecast 2018-2023
- Key leading countries
- Market opportunity
PART 09: DRIVERS AND CHALLENGES
PART 10: VENDOR LANDSCAPE
- Landscape disruption
PART 11: VENDOR ANALYSIS
- Vendors covered
- Vendor classification
- Market positioning of vendors
For more information about this report visit https://www.researchandmarkets.com/research/thdwgd/global_automotive?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20190214005613/en/
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Related Topics:Automotive Commodities,Suspension Systems and Components
INDUSTRY KEYWORD: MANUFACTURING AUTOMOTIVE MANUFACTURING AUTOMOTIVE GENERAL AUTOMOTIVE
SOURCE: Research and Markets
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PUB: 02/14/2019 10:49 AM/DISC: 02/14/2019 10:48 AM