Engine Bearings Market to Exhibit 3.5% CAGR from 2023 to 2030; Performance Enhancement and Extended Lifespan of Bearings to Elevate Market Growth

The global engine bearings market size was valued at USD 2.91 billion in 2022. The market is projected to grow from USD 3.04 billion in 2023 to USD 3.89 billion by 2030, exhibiting a CAGR of 3.5% during the forecast period. Fortune Business Insights™ presents this information in its report titled “Engine Bearings Market Size, Share & COVID-19 Impact Analysis, By Type (Main Bearing, Connecting Rod Bearing, and Others), By Distribution Channel (OEM and Aftermarket), By Vehicle Type (Passenger Cars, Light Commercial Vehicles, and Heavy Commercial Vehicles), and Regional Forecasts, 2023-2030”.

Automotive engine bearings play a crucial role as essential components mounted on various internal combustion engine parts. Specifically, main engine bearings serve the important function of providing support to the crankshaft and enabling smooth rotation during engine operation. By reducing friction, these bearings contribute to prolonging the engine's lifespan. Rising demand for advanced bearings has made manufacturing companies install sensors on their products.

Supply Chain Disruption and Shifting Priorities Impacted the Automotive Industry During Pandemic

The outbreak of the pandemic led to the shutdown of businesses globally. Stringent restrictions imposed by governments globally consolidated manufacturing capacity. The imposition of restrictions on cross-border trade and the closure of borders severely disrupted the global supply chains. Additionally, the pandemic had a significant impact on foot traffic in showrooms, as individuals have shifted their investment priorities toward recovering financial losses and focusing on essential utilities and requirements.

NSK Introduces Groundbreaking Method for Life Prediction of Steel Rolling Bearings

NSK unveiled an innovative approach to predict the lifespan of steel rolling bearings in March 2023. This method utilizes statistical data obtained from ultrasonic testing of non-metallic inclusions in the steel, providing valuable insights for enhanced bearing performance evaluation.

Aluminum Alloy Bearings Revolutionize Vehicle Engine Technology

In the pursuit of improving and advancing vehicle engine performance, manufacturers are focusing on reducing the weight and size of engine components. In this endeavor, aluminum alloys have gained significant popularity due to their numerous advantages. These alloys are lightweight, highly durable, possess exceptional strength, exhibit maximum resistance to corrosion, and perform well under high-temperature conditions. By utilizing aluminum alloys in bearing production, energy loss can be minimized, leading to enhanced operating efficiency and overall engine performance.

However, instability in the prices of metals and rising preference toward using electric vehicles may constrain the engine bearings market growth.

To get a detailed report summary and research scope of this market, click here:

https://www.fortunebusinessinsights.com/engine-bearings-market-103471

Clevite Fueling Innovation in Engine Bearing for Enhanced Performance and Profitability

Clevite, a brand of engine bearings operating under MAHLE Performance, specializes in manufacturing high-quality engine bearings for camshafts, rods, and mains. The company is dedicated to continuous innovation and development, striving to provide superior products to its customers. This commitment to excellence is expected to drive increased profitability for the company and increase its engine bearings market share.

Notable Industry Development

• May 2020 – JTEKT Corporation developed a long life bearing with excellent durability to improve the reliability of driveline units in engines and electric vehicles.

List of Companies Profiled in the Report

• 
  
  
  
  • MAHLE Aftermarket GmbH (Germany)
  
  
  • Daido Metal Co., Ltd. (Japan)
  
  
  • JTEKT Corporation (Japan)
  
  
  • NSK Ltd. (Japan)
  
  
  • King Engine Bearing, Inc. (U.S.)
  
  
  • Hartford Technologies, Inc. (U.S.)
  
  
  • KS Kolbenschmidt GmbH (Germany)
  
  
  • Schaeffler Technologies AG & Co. KG (Germany)
  
  
  • ACL (Australia)
  
  
  • Menon Bearings Ltd. (India)
  
  
  
  

Further Report Findings

• Asia Pacific is positioned to assume a leading role in the market with USD 1.54 billion valuation driven by various factors. The region boasts a substantial presence of major automotive suppliers and possesses robust capabilities in automotive production. As a result, it is anticipated that the Asia Pacific region will exert significant dominance over the market.


• Stringent regulations in Europe have led to significant adoption of lightweight bearings, and this trend is expected to experience strong growth throughout the forecast period.


• The passenger car segment is anticipated to lead the market due to increasing disposable income, changing lifestyles, and the attention of the young population toward innovative and high-performing automobiles.

Table of Segmentation