The bearing plays a pivotal role in ensuring reduced friction and facilitating smooth operations in a two-wheeler. The global two-wheeler bearing market is witnessing robust growth, driven by the increasing demand for motorcycles and scooters, particularly in emerging economies. Rising urbanization and the need for efficient and affordable transportation options contribute significantly to this demand. Bearings are essential components in two-wheelers, ensuring smooth operation, reduced friction, and enhanced durability. Technological advancements have led to the development of high-performance bearings that offer better efficiency and longevity.

Additionally, the growing popularity of electric two-wheelers is spurring the demand for specialized bearings designed to meet the unique requirements of electric motors and drive systems. Stringent regulations on vehicle emissions and the push for fuel efficiency also bolster the market, as modern bearings play a crucial role in reducing energy losses. Major manufacturers are focusing on product innovation and expanding their distribution networks to cater to the rising global demand, ensuring sustained market growth in the coming years.

During the COVID-19 pandemic, the two-wheeler ball-bearing market experienced fluctuations and challenges. Initially, the market faced disruptions due to widespread lockdowns and restrictions, which led to manufacturing shutdowns and supply chain interruptions. This resulted in a temporary decline in production and sales of two-wheelers, subsequently impacting the demand for ball bearings used in these vehicles. However, as restrictions eased and markets gradually reopened, there was a partial recovery in the two-wheeler segment. With an increased focus on personal transportation and the convenience of two-wheelers amid social distancing measures, demand for motorcycles and scooters picked up in some regions. This uptick in two-wheeler sales consequently contributed to a recovery in the demand for ball bearings used in these vehicles.

Segmentation

Key Insights

The report covers the following key insights:

• Latest Developments
• Porter's Five Forces Analysis.
• Technological Developments
• Impact of COVID-19 on the Two-Wheeler Bearing Market.

Analysis By Bearing Type

The bearing type segment is segregated into deep groove ball bearings, thrust ball bearings, needle roller bearings, and others. The deep groove ball bearing is anticipated to dominate the market growth. Deep groove ball bearings are widely utilized in two-wheelers due to their versatility, low friction, noise reduction, and ability to handle high speeds, driving the increasing demand for these bearings and fostering market growth. Their widespread use in two-wheelers arises from these advantageous characteristics, driving an escalating demand. Additionally, the continuous advancements in technology, manufacturing processes, and material innovations further propel the growth of the deep groove ball-bearing market, meeting the evolving needs of industries and fostering their widespread adoption in various applications, including the thriving two-wheeler sector.

Analysis by Distribution Channel

The distribution channel segment is segregated into OEM and aftermarket. The OEM segment is anticipated to dominate the market growth. Anticipated market growth is expected to be led by the OEM segment, primarily due to its focus on developing application-specific technologies tailored to vehicle requirements. OEMs are actively researching low-friction alternatives to address evolving demands. Challenges associated with higher rotational speeds in bearings, such as increased centrifugal forces and heat generation, are prompting innovations such as specialized cage designs, internal geometry improvements, and optimized lubricants. These advancements aim to overcome these challenges, thereby fueling increased bearing demand and driving market expansion.

Regional Analysis

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The global market is geographically segmented into North America, Europe, Asia Pacific, and the Rest of the World. Asia Pacific has emerged as the dominant force in the market. Its robust growth in the two-wheeler sector, driven by the appeal of higher fuel efficiency at a lower cost, stimulates increased bearing demand and fosters industry expansion.

Europe is poised for growth over the forecast period. Government initiatives aimed at curbing carbon emissions are spurring the production of electric two-wheelers. This surge in electric vehicle manufacturing heightens the need for bearings, exerting a significant influence on market growth.

Key Players Covered

The report includes the profiles of key players, such as The Timken Company (U.S.), SKF (Sweden), THK CO. LTD (Japan), RBC Bearings Incorporated (U.S.), Schaeffler AG (Germany), NTN Corporation (Japan), ILJIN Co., ltd. (South Korea), Nippon Thompson Co., Ltd. (IKO International, Inc.) (Japan), JTEKT Corporation (Japan), and NSK Ltd. (Japan).

Key Industry Developments

• In May 2023, SFK invested USD 4.76 million in a new manufacturing site in Morocco to develop technical and manufacturing capabilities of magnetic bearings.
• In May 2022, Schaeffler developed a high-performance ball bearing with an integrated centrifugal disc, which helps to lower CO2 emissions in vehicles with combustion engines and hybrid powertrains.