Automotive Bearing Market – Overview Automotive bearings are vital components in automobiles and are responsible for efficient and smooth running of the vehicle. Their main function is to enable linear or rotational movement along with handling high stress. They are the central part in various automobiles that allow the desired motion and compel relative motion. They ensure efficiency and speed enhancement of the vehicle while maintaining balance. Automotive bearings involve a ball with an external and internal frictionless metal surface that support the smooth movement of the bearings. The ball inside the bearing typically handles the load, which in turn causes rotation of the bearing. Sample: https://www.marketresearchfuture.com/sample_request/1996 The growth in the automotive production, is expected to fuel the demand of automotive bearing over the forecast period. The demand for vehicles with technologically advanced solutions is increasing, thereby, resulting in increase in vehicle manufacturing that requires instrumented products. However, high pricing and forging are main challenges faced by the global market for automotive bearings. Key Players:
Schaeffler AG., Jtekt Corporation, NTN Corporation, Iljin Bearing Co., Ltd., Timken Company, Svenska Kullagerfabriken AB, RKB Bearings, Timken Company, ORS Bearings, and CW Bearing. are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the Global Automotive Bearing Market. Automotive Bearing Market – Competitive Analysis The Market is witnessing increased competition and is expected to further intensify during the forecast period. The players in the market incorporate acquisition, collaboration, partnership and expansion in order to gain competitive advantage in this market and to maintain their market position. Technological advancements in the manufacturing of the automotive test equipment and the increasing research and development expenditure by the key players is expected to increase the level of competition in the Automotive Bearing Market share. Industry/ Innovation/ Related News: Aug, 2017 - Schaeffler India announced merger of its units INA Bearings and LuK India for improving cost and supply-side efficiencies. The key objective of the merger is to combine the strengths and competencies of all three Schaeffler entities here and establish one strong listed Schaeffler entity. Sep, 2017- Schaeffler significantly expands its standard rolling bearing business with high investments in production capacities for FAG Generation C deep groove ball bearings. This will help to satisfy the high level demand for standard deep groove ball bearings, especially from China and the Asia/Pacific region, and help in meeting the specific requirements of this high-volume business in an optimum way. Jan, 2013- RKB enhanced its range of WOR bearings. The RKB spherical roller bearings WOR series, with wider outer ring, were developed and engineered to accommodate large angular deflection between mixing drum and driving gear in case of misalignment. October, 2009- JTEKT Corporation has developed a low-torque ball bearing for use in oil lubrication that improves automotive fuel efficiency. Many oil-lubrication ball bearings are used in the motor-