Global Automotive Hub Bearing Market Size Likely to Grow at a CAGR of 4.3% By 2034

Market Size and Growth

As per the Automotive Hub Bearing Market size conducted by the CMI Team, the global Automotive Hub Bearing Market is expected to record a CAGR of 4.3% from 2025 to 2034. In 2025, the market size is projected to reach a valuation of USD 9.1 Billion. By 2034, the valuation is anticipated to reach USD 13.3 Billion.

Overview

The global automotive industry is witnessing exponential growth which is primarily due to increased vehicle production, the escalating requirement for electric and hybrid vehicles and the expansion of urbanization in the developing countries. The rise in vehicle ownership has resulted in the demand for the essential components of the vehicles such as automotive hub bearings, which are necessary to ensure the stability, safety, and performance of the wheels, reaching a higher level. The replacement demand in the aftermarket segment is being further driven by the aging vehicle fleets in developed markets which, combined with extended vehicle lifespans, have made this trend apparent.

On the other hand, the progression in the adoption of the required technologies in places like China, India, and Brazil is happening at a rapid pace due to the expansion of the infrastructure, increasing middle-class income, and rising vehicle production. In fact, the development in the automotive industry sector has seen the coming of various technologies such as advanced driver-assistance systems (ADAS) and electric drivetrains, which have significantly contributed to the need for high-precision, sensor-integrated hub bearings. Efficiency, reliability, and safety of vehicles have become the consumers’ needs, while the requirements imposed by the authorities for emissions and fuel economy have also largely contributed to the global market penetration of advanced hub bearing solutions.

Key Trends & Drivers

• Rising Demand for Electric and Hybrid Vehicles: The adoption of electric vehicles (EVs) and hybrid cars is creating a need for high-quality hub bearings that can sustain the special torque and load profiles of these vehicles. EVs call for low-friction and long-lasting bearings to maximize energy efficiency and battery life. As per the International Energy Agency, worldwide sales of EVs escalated to 10.6 million units in 2023 from 6.6 million units in 2022, indicating a strong uptrend for hub bearing parts that are designed specifically for EVs’ drive trains. This trend is primarily observed in China, Europe, and North America, where the release of new laws that permit incentives and set emission targets for clean cars enable the adoption of EVs, and hence automotive hub-bearing demand picking up pace.

• Lightweight Materials and Fuel Efficiency Requirements:Fuel and emission regulations are becoming stricter, compelling car manufacturers to build lighter vehicles that consequently call for the need of hub bearings that are designed with lightweight metals and composites. The use of aluminum and high-strength steel bearings can lower the total car weight and result in better fuel economy and less carbon dioxide emission. The U.S. Corporate Average Fuel Economy (CAFE) standards’ regulation, for example, requires passenger cars to be capable of achieving 49.8 mpg by 2026 and encourages original equipment manufacturers (OEMs) to use lightweight bearings to attain the performance target without compromising safety or durability.

• Growth in Automotive Aftermarket: The global automotive aftermarket is broadening due to the older car fleets and more vehicles being driven. Hub bearings are the most needed replacement part specifically for cars that have been in operation for more than 5–7 years, and thus continuous demand from the aftermarket is ensured. In Europe, where the average vehicle age is more than 12 years, the market for spare parts such as hub bearings is getting steadily larger. This aftermarket segment provides additional revenue streams besides OEM sales, especially for those countries where there are high rates of vehicle utilization and maintenance cycles.

• Urbanization and Rising Vehicle Production in Emerging Economies: The fast urbanization in emerging countries like India, Brazil, and Southeast Asia has resulted in a surge in car ownership, and thus there is now a larger base for hub bearing consumption. While the production of passenger vehicles in India has increased by 9% in the financial year 2023, the expansion of infrastructure is already calling for dependable automotive components. The rising demand for hub bearings in both commercial and passenger vehicles is being fuelled by domestic production capacities that are expanding in these regions, along with vehicle exports.

• Technological Integration in ADAS and Autonomous Vehicles: The use of advanced driver-assistance systems (ADAS) and self-driving automobiles has dramatically increased the demand for hub bearings that have sensors as part of the integrated system for wheel speed, temperature, and alignment monitoring. These bearings serve as data sources for braking, stability control, and predictive maintenance systems, which are necessary for the case of fully automated and semi-autonomous vehicles. Sensor-equipped hub bearing markets in North America and Europe are at the forefront of the situation as a result of high ADAS technology adoption; thus, they represent opportunities for manufacturers who are specialized in precision and smart hub bearing solution technology.

• Focus on Durability and Noise Reduction: Hub bearings that can last for long without causing trouble and produce low or no noise are more and more requested by both consumers and original equipment manufacturers (OEMs). Bearings that also have better sealing technologies and lubrication can not only increase their lives but also reduce the frequency of the maintenance. For instance, NVH reduction is one of the main concerns in the luxury car sector, where the smoothness of the performance and comfort are vitally important; thus, we see the trend of premium hub bearings being embraced, in areas like Germany, Japan, and the U.S.

Report Scope

SWOT Analysis

• Strengths: The scope of automotive hub bearing market is strengthened by demand that is mostly attributed to the worldwide growth of car production and the inclining trend of EV and hybrid car usage. Hub bearings of high quality ensure the safety, performance, and fuel economy of the car, so they become the core parts of both OEM and aftermarket segments. Industry leaders like NSK, SKF, NTN, Timken, and Schaeffler have set up solid global supply chains, great R&D capabilities, and strong brand credibility. One of the perks of developing technology in this case is the sensor integrated hub bearings for ADAS and autonomous vehicles which attract the competitive advantage of theirs. Besides, the noise, vibration, and harshness (NVH) reduction focus has moved the premium bearing adoption to new high stages which have had a positive impact on the market trend over both developed and emerging regions.

• Weaknesses: Regarding the upswing, some of the manufacturer’s production costs are pretty high, and reliance on some materials may impose limitations on the automotive hub bearing market. For instance, the intricacy of the sensor-integrated and high-quality hub bearings leads to higher production costs which, combined with market sensitivity, can limit the affordability in emerging markets. Furthermore, this market is at risk of being affected by issues in the supply chain such as inconsistencies in the availability of raw materials, political tension, or trade wars that could interrupt production and increase expenses. The penetration of the market is also being restricted by the unequipped regions where the uptake of advanced technology in bearing materials is lacking.

• Opportunities: Powertrain-driven changes in electric and driverless cars are a major opening for prompt market growth. The demand for sensor-enabled hub bearings targeting ADAS, electric vehicle (EV) drivetrains, and hybrid vehicles is rapidly climbing. The increasing production of cars in such developing economies as China, India, and Brazil brings a gradual rise of OEM and aftermarket sales in the region. OEMs can also use light materials to meet stricter fuel and emission standards and give the market a trendier and more sustainable solution. The aging fleet and vehicle replacement cycles are the main factors behind the steady demand for the aftermarket, especially in the areas of old vehicles, such as Europe and North America

• Threats: The market is threatened by the problem of raw material price unstable behavior, which leads to an increase in production costs, an issue that is further complicated by possible economic slowdowns causing lower car sales. Another factor that could put global players at risk is the emergence of Asia-based local manufacturers who are able to produce at a low cost, and thus there will be strong competition between them. Additionally, the technological complexity and intellectual property issues related to the development of sensor-integrated and high-precision products may become obstacles for smaller manufacturers who are trying to keep up with the pace of innovation. The pace of the market growth might also slow down due to uneven regional adoption, as advanced bearings are often present in developed markets, whereas price-sensitive regions find it difficult to access premium solutions, resulting in a gap in global accessibility.

List of the prominent players in the Automotive Hub Bearing Market:

• SKF Group
• Schaeffler Group
• Timken Company
• NSK Ltd.
• NTN Corporation
• FAG Bearings
• NACHI-Fujikoshi Corp.
• JTEKT Corporation
• GKN Automotive
• WJB Automotive
• Detroit Axle
• ConMet
• JCMSTech
• Wanyu Bearings
• SKET Bearings
• GMB Corporation
• FKG Bearings
• King Steel
• UMZ Bearings
• Koyo Bearings
• Others

The Automotive Hub Bearing Market is segmented as follows:

By Type

• Gen 1
• Gen 2
• Gen 3

By Vehicle Type

• Passenger Cars
• Commercial Vehicles

By Application

• Front Wheel Rear
• Wheel

By Sales Channel

• OEM
• Aftermarket

Regional Coverage:

North America

• U.S.
• Canada
• Mexico
• Rest of North America

Europe

• Germany
• France
• U.K.
• Russia
• Italy
• Spain
• Netherlands
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• New Zealand
• Australia
• South Korea
• Taiwan
• Rest of Asia Pacific

The Middle East & Africa

• Saudi Arabia
• UAE
• Egypt
• Kuwait
• South Africa
• Rest of the Middle East & Africa

Latin America

• Brazil
• Argentina
• Rest of Latin America