Bearings are integral to vehicle efficiency, safety, and durability, playing a vital role in both internal combustion engine and electric vehicles. Emerging markets and the expansion of the aftermarket are driving growth in the bearing business.
The global automotive wheel hub bearing aftermarket is projected to grow from $1.56 billion in 2025 to $2.27 billion in 2035, at a compound annual growth rate of 3.8%. This growth is primarily driven by aging vehicles, deteriorating road conditions, and increased maintenance needs.
The broader wheel hub bearing aftermarket (including wheel hub assemblies) is projected to grow from $1.11 billion in 2023 to $1.2 billion in 2025, reaching $2.3 billion in the long-term forecast by 2035, at a compound annual growth rate of 5.0%. Improved durability and easier installation solutions are key drivers. The Automotive Bearing Market in the Electric Vehicle Era
A recent report indicates that the electric vehicle bearing market is expected to grow from $5.81 billion in 2025 to $12.82 billion in 2032 (a compound annual growth rate of approximately 11.97%), while the bearing market for traditional internal combustion engine vehicles will see more modest growth. This growth is closely tied to the electrification trend, lighter hybrid bearings, and the high-precision requirements of motors and steering systems.
The global precision rolling bearing market—central to automotive, aerospace, and industrial applications—was valued at approximately $15 billion in 2024 and is projected to reach $25 billion by 2034. Material innovation, smart sensors, and demand for electric vehicles and renewable energy are the primary growth drivers.
1. Increasing Adoption of Electric Vehicles
The growth of electric vehicles (EVs) is transforming the automotive bearing market. Bearings are integral components in EV drivetrains, motors, and wheel assemblies, requiring durability and low friction to improve efficiency.
EVs operate under higher torque conditions, increasing the demand for advanced bearing solutions. Government incentives and sustainability goals are accelerating the global adoption of electric vehicles.
Original equipment manufacturers (OEMs) are investing in precision-engineered, lightweight bearings for electric vehicles.
This shift is reshaping aftermarket opportunities as electric vehicle owners demand specialized replacement parts.
2. Demand for Lightweight and Fuel-Efficient Vehicles
Regulators and market demands are pressuring the automotive industry to reduce emissions and improve fuel economy, and bearings play a key role in this shift.
Lightweight vehicles require components that minimize energy loss and optimize performance.
Advanced materials such as ceramics and polymers are increasingly being used in bearings.
These innovations reduce friction, extend product life, and improve efficiency.
Automakers are integrating these solutions to meet global emissions regulations, stimulating market demand.
3. Expansion of Automotive Aftermarket Services
Increasing vehicle ownership and longer vehicle lifespans have made the bearing aftermarket a strong revenue contributor.
Bearings are susceptible to wear and require regular replacement.
Expanding aftermarket distribution and e-commerce are increasing accessibility.
Fleet operators and individual vehicle owners are prioritizing preventive maintenance to drive sales. Rising car use in emerging economies with a growing middle class is fueling demand.
In the ever-changing automotive industry, seizing trends means seizing the future. As this article explores, whether it’s the rise of new energy vehicles, the evolution of autonomous driving, or the challenges of supply chain globalization, innovation at every stage relies on the superior performance of core components.
As a leading global bearing solutions provider, NSAR Bearings remains at the forefront of the times. We not only offer high-quality, off-the-shelf bearings that meet the latest industry standards, but also, through our dedicated team in the United States, provide cutting-edge OEM customization services to global automakers, driving the next wave of technological innovation.
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