LONDON–(BUSINESS WIRE)–Jan 22, 2021–
Technavio has been monitoring the automotive performance engine bearings market and it is poised to grow by USD 101.80 million during 2021-2025, progressing at a CAGR of almost 6% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment.
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Technavio has announced its latest market research report titled Global Automotive Performance Engine Bearings Market 2021-2025 (Graphic: Business Wire)
Impact of COVID-19
The COVID-19 pandemic continues to transform the growth of various industries, however, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. COVID-19 will have a low impact on the automotive performance engine bearings market. The market growth in 2021 is likely to increase compared to market growth in 2019.
Frequently Asked Questions:
- Based on segmentation by the application, which is the leading segment in the market?
The low to medium load is the leading segment in the market.
- What are the major trends in the market?
The aftermarket consumption of performance engine bearings is the major trend in the market.
- At what rate is the market projected to grow?
The market is projected to accelerate at a CAGR of almost 6%.
- Who are the top players in the market?
AB SKF, Bimetal Bearings Ltd., Boca Bearings Inc., Daido Metal Co. Ltd., Dura-Bond Bearing Co., Fersa Bearings SA, King Engine Bearings Inc., MAHLE Gmb, Miba AG, The Timken Co. are the top players in the market.
- What are the key market drivers and challenges?
The market is driven by the high demand for performance luxury vehicles. However, technology is too expensive to trickle down to the high-volume vehicle segment will challenge growth.
- How big is the APAC market?
32% of the market’s growth will originate from APAC during the forecast period.
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The market is concentrated, and the degree of concentration will accelerate during the forecast period. AB SKF, Bimetal Bearings Ltd., Boca Bearings Inc., Daido Metal Co. Ltd., Dura-Bond Bearing Co., Fersa Bearings SA, King Engine Bearings Inc., MAHLE GmbH, Miba AG, and The Timken Co. are some of the major market participants. Although the high demand for performance luxury vehicles will offer immense growth opportunities, factors such as the high cost of technology for the high-volume vehicle segment is likely to pose a challenge for the market vendors. In a bid to help players strengthen their market foothold, this automotive performance engine bearings market forecast report provides a detailed analysis of the leading market vendors. The report also empowers industry honchos with information on the competitive landscape and insights into the different product offerings offered by various companies.
Technavio’s custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.
Automotive Performance Engine Bearings Market 2021-2025: Segmentation
The automotive performance engine bearings market is segmented as below:
- Low To Medium Load
- High To Extreme Load
- North America
- South America
To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR46659
Automotive Performance Engine Bearings Market 2021-2025: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The automotive performance engine bearings market report covers the following areas:
- Automotive Performance Engine Bearings Market Size
- Automotive Performance Engine Bearings Market Trends
- Automotive Performance Engine Bearings Market Industry Analysis
This study identifies aftermarket consumption of performance engine bearings as one of the prime reasons driving the automotive performance engine bearings market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Automotive Performance Engine Bearings Market 2021-2025: Key Highlights
- CAGR of the market during the forecast period 2021-2025
- Detailed information on factors that will assist automotive performance engine bearings market growth during the next five years
- Estimation of the automotive performance engine bearings market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the automotive performance engine bearings market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of automotive performance engine bearings market vendors
Table of Contents:
- Market ecosystem
- Value chain analysis
- Market definition
- Market segment analysis
- Market size 2020
- Market outlook: Forecast for 2020 – 2025
Five Forces Analysis
- Five force summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Application
- Market segments
- Comparison by Application
- Low to medium load – Market size and forecast 2020-2025
- High to extreme load – Market size and forecast 2020-2025
- Market opportunity by Application
- Geographic segmentation
- Geographic comparison
- North America – Market size and forecast 2020-2025
- Europe – Market size and forecast 2020-2025
- APAC – Market size and forecast 2020-2025
- South America – Market size and forecast 2020-2025
- MEA – Market size and forecast 2020-2025
- Key leading countries
- Market opportunity by geography
- Market drivers
- Market challenges
- Market trends
- Vendor landscape
- Landscape disruption
- Vendors covered
- Market positioning of vendors
- AB SKF
- Bimetal Bearings Ltd.
- Boca Bearings Inc.
- Daido Metal Co. Ltd.
- Dura-Bond Bearing Co.
- Fersa Bearings SA
- King Engine Bearings Inc.
- MAHLE GmbH
- Miba AG
- The Timken Co.
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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INDUSTRY KEYWORD: GENERAL AUTOMOTIVE AUTOMOTIVE MANUFACTURING MANUFACTURING AUTOMOTIVE
SOURCE: Technavio Research
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