Automotive Bearing Market to Reach USD 39.8B by 2031 as Smart and...

Automotive Bearing Market to Reach USD 39.8B by 2031 as Smart and EV-Specific Designs Propel Innovation

Posted 2025-04-19 13:05:30

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[Hyderabad, April 19th, 2025] – The global automotive bearing market, valued at USD 24.5 billion in 2023, is projected to grow at a rate of 6.2%, reaching USD 39.8 billion by 2031. This growth is driven by electrification and Industry 4.0 integration, according to ClearView Market Insights.

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2024 Industry Milestones

EV Bearing Breakthroughs

NSK’s 1,200V insulated bearings enable next-gen hyper-EVs.
Ceramic bearings boost EV range by 5%, adopted by Tesla and BYD.

Predictive Maintenance

SKF’s Smart Bearings alert drivers 3,000 miles before failure.
AI Analytics reduce fleet maintenance costs by 30%.

Material Science

Graphene Coatings extend bearing life by 40% in extreme heat.
Self-Lubricating Designs eliminate 90% of maintenance.

Regional Leaders

Asia-Pacific (XX%): China’s USD 12 Bn bearing production dominates.
Europe (XX%): Premium/long-life bearing hub (Schaeffler, SKF).
North America (XX%): USD 5 Bn aftermarket demand.

Executive Insights
“Bearings are no longer just metal rings—they’re the connected nervous system of modern vehicles.”
– Rickard Gustafson, CEO, SKF

Roadmap to 2031

2025: 50% of new EVs will use insulated bearings.
2027: Smart bearings standard in 40% of fleet vehicles.
2030: Ceramic bearings capture 25% market share.

For more insights, visit https://clearviewmarketinsights.com/report-store

About ClearView Market Insights
ClearView Market Insights analyzes over 200 automotive tech markets, ranging from components to AI systems.

Media contact:

Bhavani K
Marketing and Sales Head
ClearView Market Insights
Mail: sales@clearviewmarketinsights.com
Phone: +1 917-993-7369

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