TechNavio recognizes the following companies as the key players in the Global Automotive Bearing Market: NSK Ltd., Schaeffler Technologies AG & Co. KG, Svenska Kullagerfabriken AB, and Timken Co.
Commenting on the report, an analyst from TechNavio’s team said: “One of the emerging trends in the Global Automotive Bearing market is the increasing development of integrated bearings, which are bearings without a surface. In these types of bearings the surrounding parts work as an integral part of the bearing design. Many bearings manufacturers are developing integrated bearings to reduce the number of components in the final assembled product. Also, these integrated bearings help to reduce equipment costs because they are more reliable, easy to install, and weigh less than other types of bearings.”
According to the report, one of the main drivers in this market is the growing Global Motorcycle market. The increasing demand for motorcycles has direct positive influence on the demand for automotive bearings resulting in the growth of the Global Automotive Bearing market.
Further, the report states that one of the main challenges in this market is the recent financial crisis in Europe, which has affected the overall sales of automobiles and in turn, the Global Automotive Bearing market.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/report/global-automotive-bearing-market-2014-2018
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/automotive-and-aerospace
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TechNavio Announces the Publication of its Research Report -Global Automotive Bearing Market 2014-2018
