The Automotive Performance Engine Bearings market was valued at xxx million USD with a CAGR xx% from 2015-2019. Subsequently, it will touch xxx million USD in 2020 with a CAGR xx % from 2020 to 2025.
In an automobile internal combustion engine, the engine bearing is usually a journal or a plain bearing on which the crankshaft rotates. The function of a bearing is to hold the crankshaft in place and to prevent the dislodging of connecting rod from the crankshaft. The engine bearing also plays a vital role in prevention of the force created by the piston and its transmission to the crankshaft, instead using the forces for the conversion of the reciprocating movements into rotation.
In terms of region, the global Automotive Performance Engine Bearings market can be segmented into North America, Europe, Asia Pacific, and Middle East & Africa. Asia Pacific is likely to hold a prominent share of the global market due to high vehicle production in the region.
The market in Latin America is anticipated to expand at a substantial growth rate during the forecast period. GDP of countries in Latin America is expanding at a significant growth rate. Moreover, increase in the number of production plants for passenger and commercial vehicles due to high demand for these vehicles and presence of rapidly expanding economies such as Mexico and Brazil are anticipated to drive the market in the region. The light commercial vehicles sub-segment of the market in North America is expanding at substantial pace due to extensive usage of these vehicles to transport daily goods in the region.
In the global Automotive Performance Engine Bearings market, This report focuses particularly in North America, South America, Europe and Asia-Pacific, and Middle East and Africa. This report classifies the market on the basis of application, type, regions, and manufactures.
In global market, the following companies are covered:
ORS Bearings
Nachi Fujikoshi
MAHLE Aftermarket
Minebea
SNL Bearings
CW Bearing
NSK
RBC Bearings
Svenska
Market Segment by Product Type
4
Ball Bearings
Roller Bearings
Plain Bearings
Others
Market Segment by Application
2
Passenger Vehicle
Commercial Vehicle
Key Regions split in this report: breakdown data for each region.
United States
China
European Union
Rest of World (Japan, Korea, India and Southeast Asia)
The research provides answers to the following key questions:
• What is the estimated growth rate and market share and size of the Automotive Performance Engine Bearings market for the forecast period 2020 - 2025?
• What are the driving forces in the Automotive Performance Engine Bearings market for the forecast period 2020 - 2025?
• Who are the prominent market players and how have they gained a competitive edge over other competitors?
• What are the market trends influencing the progress of the Automotive Performance Engine Bearings industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the market hold for the prominent market players?