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The automotive needle roller bearing market size is forecast to increase by USD 966.3 million, at a CAGR of 6.6% between 2023 and 2028. The market is experiencing significant growth due to the increasing demand for internal combustion engine vehicles in various industries such as Agricultural Equipment and Construction Equipment. These bearings are essential components in automotive drivetrains, transmissions, and engine systems, making them indispensable in the automotive industry. Furthermore, the development of low noise thrust needle roller bearings is gaining traction in the Passenger Vehicle segment, as manufacturers prioritize reducing noise levels for a more comfortable driving experience. However, the market also faces challenges such as the rising instances of counterfeit bearing components in the market, which can negatively impact the performance and safety of vehicles. In addition, the transition towards Electric Vehicles (EVs) and the increasing adoption of ball bearings and plain bearings in Aerospace Industries and Defense Industries are creating new opportunities for precision-engineered bearing solutions. Repair and maintenance of these bearings is also a crucial aspect of the market, ensuring the continued smooth rotational motion in various applications. Despite these challenges, the market is expected to continue its growth trajectory, driven by the increasing demand for fuel-efficient and high-performance vehicles, along with advancements in automation that streamline production and enhance product quality.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
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