TechNavio recognizes the following companies as the key players in the Global Automotive Needle Roller Bearing Market: JTEKT Corp., NSK Ltd., Schaeffler Technologies AG & Co. KG, and Svenska Kullagerfabriken AB.
Commenting on the report, an analyst from TechNavio’s team said: “The increasing demand for bearings from emerging economies is one of the major drivers in the Global Automotive Needle Roller Bearing market. The countries from emerging geographies across the globe such as the APAC region, the Middle East, Africa, and South America are generating a huge demand for various types of bearings. In contrast, the market in developed countries is moving toward the mature phase. For instance, the US, Japan, and Germany are some of the key leading countries in the market. However, the markets in these countries are growing at a slow rate and moving toward the mature phase. Therefore, bearings manufacturers are focusing more on developing countries such as China, India, Thailand, Brazil, Malaysia and the Republic of Korea.”
According to the report, one of the main drivers in this market is the growing Global Automotive Bearing market. The increasing demand for bearings in automobiles has a direct positive influence on the demand for automotive bearings resulting in the growth of the Global Automotive Needle Roller Bearing market.
Further, the report states that one of the main challenges in this market is the recent economic slowdown in Europe, which has affected the overall sales of automobiles and, in turn, the Global Automotive Needle Roller 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-needle-roller-bearing-…
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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