What is the current Europe Automotive Bearing Market size?

The Europe Automotive Bearing Market is projected to register a CAGR of 3.5% during the forecast period (2024-2029) Read More

Who are the key players in Europe Automotive Bearing Market?

NSK Ltd., NTN-SNR ROULEMENTS, SKF, JTEKT Corporation and Schaeffler AG are the major companies operating in the Europe Automotive Bearing Market. Read More

What years does this Europe Automotive Bearing Market cover?

The report covers the Europe Automotive Bearing Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Europe Automotive Bearing Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Europe Automotive Bearing Market - Trends, Size & Share

Europe Automotive Bearing Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Europe Automotive Bearing Market is segmented By Vehicle Type (Passenger Cars and Commercial Vehicles), By Product Type (Plain Bearings, Rolling Element Bearings, Ball Bearing), and by Country (Germany, UK, France, Italy, Spain, and Rest of Europe). The report covers the market size and forecasts in value (USD Billion) for all the above segments.

Europe Automotive Bearing Industry Overview

The Europe Automotive bearings market is dominated by major existing players such as NSK Ltd, JTEKT Corporation, NTN Bearing Corporation, SKF, NTN Bearings, Schaeffler AG, and Many others. Companies are making joint-ventures, and partnerships, and launching new products with advanced technology. For instance,

In October 2021, JTEKT Corporation merged with three subsidiaries that manufacture and sell bearings. Through this merger, the company aims to streamline the group structure, collect the technologies owned by the three companies, and expand the business domain to the processing of automobile parts. Utsunomiya Kiki Co., Ltd., Nippon Needle Roller Manufacturing Co., Ltd., and Tokyo Seiko (Hamura City, Tokyo) will be merged, and the company name will be changed to JTEKT FINETECH Co., Ltd.
In September 2021, NSK Newark and NSK Peterlee plants in the United Kingdom switched to using entirely green energy, making it possible to significantly reduce and offset carbon emissions at all major plants in Europe.
In March 2021, SKF invested an amount of SEK 400 million for the expansion and modernizing its manufacturing facility in Airasca, Italy. Such investment will bring the manufacturing of super-precision bearings for industrial applications.