Piyasa bakış

The global electric vehicle bearings market is expected to reach $41,127 million by 2031, growing at a CAGR of 34.1% during the forecast period from 2022 ile 2031. The market growth is driven by the increasing demand for electric vehicles, particularly those requiring high-speed bearings. bunlara ek olarak, there is a growing focus on reducing vehicle weight, which further contributes to the expansion of the electric vehicle bearings market.

The shift towards renewable energy sources in the global automotive industry is a response to environmental concerns and sustainable living initiatives. With depleting natural resources, especially fossil fuels, government organizations, environmental agencies, and automotive manufacturers have collaborated to develop mobility solutions that operate on alternative fuels, leading to a cleaner environment. Consumer awareness drives the electric vehicle revolution in Western countries, while government-led initiatives promoting the benefits of electric vehicles over traditional internal combustion engine vehicles are expected to boost electric vehicle sales in regions like South America, Rest-of Asia-Pacific, Japonya, and the Middle East and Africa. To enhance sustainability, the automotive industry is rapidly investing in research and development efforts to produce electric vehicles, hybrids, and other new energy vehicles. Meeting consumer demands for longer driving range on a single charge, automakers are striving for smaller and lighter automotive components, as well as faster, more efficient motors. As a result, bearings used in powertrains, particularly electric motors, are subject to increasingly higher speeds and performance requirements.

Increased investments in research and development by electric vehicle bearing manufacturers are expected to drive market growth. Furthermore, manufacturers are introducing new products to enhance their innovative capabilities.

Favorable government policies worldwide that promote the adoption of electric vehicles, advancements in bearing materials and lubrication technologies, and increased competition within the electric vehicle industry offer new opportunities for the electric vehicle bearings market. However, there are challenges such as optimizing bearing size without compromising motor power and addressing cage design issues. Ongoing developments in the market are expected to overcome these challenges in the forecast period.

With the rapid evolution of the electric vehicle market, electric vehicle bearings need to meet various performance parameters, including a wider operating temperature range and increased speed range. Major bearing manufacturers like NSK Ltd., AB SKF, and NTN Corporation are developing new products to meet the current and future requirements of electric vehicle powertrain producers.

The COVID-19 pandemic had a moderately severe impact on the electric vehicle bearings industry compared to the overall automotive industry. Despite challenges in resource exploitation, EV manufacturers have witnessed significant growth in sales during the past two years, contributing to increased demand for electric vehicle parts and components.

Pazar Segmentasyonu

Pazar çeşitli faktörlere göre bölümlere ayrılmıştır, including propulsion, başvuru, vehicle, sales channel, product, material, and region.

Segmentation by Propulsion
Battery Electric Vehicle (BEV)
Hybrid Electric Vehicle (HEV)
Plug-In Hybrid Electric Vehicle (PHEV)

Uygulamaya Göre Segmentasyon
Gearbox/Transmission
Motor
E-Axle
Wheel
Other

Segmentation by Vehicle
Passenger Vehicle
Commercial Vehicle

Segmentation by Sales Channel
OEM
Aftermarket

Segmentation by Product
Roller Bearing – Tapered Roller Bearingm, Needle Roller Bearing, Cylindrical Roller Bearing, and Other
Ball Bearing – Deep Groove Ball Bearing, Angular Contact Bearing, Self-Aligning Ball Bearing, and Other
Composite Bearing

Segmentation by Material
Steel
Ceramic
Polymer
Other

Segmentation by Region
Kuzey Amerika – U.S., Kanada, and Mexico
Avrupa – Almanya, Fransa, Hollanda, İtalya, and Rest-of-Europe
U.K.
Çin
Asia-Pacific and Japan – Japonya, Hindistan, Güney Kore, and Rest-of-Asia-Pacific
Rest-of-the-World

In terms of propulsion, the battery electric vehicle (BEV) segment accounted for the largest share of 63.4% in the global electric vehicle bearings market in 2021. It is projected to experience a growth rate of 35.1% between 2022 Ve 2031. The growth of BEVs is primarily driven by the support of various government agencies that enforce quota systems and strict fuel economy regulations, particularly in developing nations. The propulsion categories for electric vehicle bearings include battery electric vehicles (BEVs), hybrid electric vehicles (HEVs), and plug-in hybrid electric vehicles (PHEVs). Among these, BEVs held the largest market share in 2021 and are expected to continue growing at a significant rate.

In terms of application, the E-Axle segment held the largest share of 30.2% in the global electric vehicle bearings market in 2021. The motor application is projected to witness a growth rate of 35.6% between 2022 Ve 2031. The increasing popularity of electric vehicles globally, in terms of performance, range, and features, has led to a significant increase in the sale of E-Axles. Other factors contributing to the rise in E-Axle sales include higher EV performance standards, improved rideability, and a favorable environment for EVs and hybrid vehicles. Electric vehicle bearings can be categorized by application into gearbox/transmission, motor, E-Axle, wheel, ve diğerleri.

In terms of vehicle type, passenger vehicles accounted for the largest share of 61.0% in the global electric vehicle bearings market in 2021. The commercial vehicle segment is expected to witness a growth rate of 35.3% between 2022 Ve 2031. The growth of passenger vehicles is primarily attributed to the increasing adoption of electric variants and the overall rise in production and sales of passenger vehicles worldwide. Electric vehicle bearings are categorized by vehicle type into passenger vehicles and commercial vehicles.

The OEM (Original Equipment Manufacturer) sales channel accounted for the largest share of 100.0% in the global electric vehicle bearings market in 2021. The aftermarket segment is expected to witness a growth rate of 35.0% between 2022 Ve 2031. The rebound in the production of automobiles, trucks, buses, and other motor vehicles has played a significant role in boosting the OEM segment in the electric vehicle bearings market. Electric vehicle bearings can be classified by sales channel into OEM and aftermarket.

In terms of product type, ball bearings accounted for the largest share of 59.1% in the global electric vehicle bearings market in 2021. They are projected to grow at a CAGR of 34.8% between 2022 Ve 2031. With the rapid adoption of electric vehicle variants worldwide, the demand for ball bearings has increased significantly. Ball bearings dominate the market due to their low friction, high-speed rotation capabilities, and ability to withstand light to medium loads. They are primarily used in under-hood applications in vehicles. A new series of fast ball bearings has been developed specifically for EV motors, capable of operating at speeds exceeding 1.8 million dmN. This advancement in ball bearing technology allows EV manufacturers to build and install motors that can operate at significantly higher speeds.

In terms of material, steel accounted for the largest share of 50.6% in the global electric vehicle bearings market in 2021. Polymer is expected to witness a growth rate of 35.1% between 2022 Ve 2031. Steel is commonly used as the main material for roller bearings, ball bearings, and various components such as rings, outer rings, inner rings, rollers, and balls. It offers high wear resistance and rolling fatigue strength. Other materials used for bearings include high-carbon chromium-bearing steel, engineering steel, stainless steel, and heat-resistant steel. Steel is the primary material for roller bearings and ball bearings in terms of both the rolling component and the rings.

The demand for electric vehicle bearings varies across regions, depending on the demand from different end-use application segments. The Chinese market holds a significant share compared to regions such as North America and Europe. The industry is driven by increasing electrification demands and fluctuating raw material prices. bunlara ek olarak, the rise of sensor bearing units and technological advancements by manufacturers contribute to the expansion of the electric vehicle bearings market in China.

Rekabetçi Ortam

The competitive landscape of the global electric vehicle bearings market is characterized by various strategies employed by key players in the EV industry to enhance their market presence and gain traction. These strategies include new product launches, business expansions, mergers, and partnerships. Among these strategies, new product launches have emerged as a popular choice in the competitive landscape of electric vehicle bearings.

Some of the prominent players in this ecosystem include NSK Ltd., AB SKF, NTN Corporation, JTEKT Corporation, The Timken Company, and Schaeffler Technologies AG & ortak. KİLOGRAM. For instance, in February 2022, Schaeffler Technologies AG & ortak. KG introduced the TriFinity triple-row bearing. This innovative design allows for downsizing of system solutions, resulting in optimized bearing weight and reduced noise emission levels during electric vehicle operations.

Key companies profiled in this report include NSK Ltd., AB SKF, NTN Corporation, JTEKT Corporation, The Timken Company, Schaeffler Technologies AG & ortak. KİLOGRAM, NBC Bearings (NEI Ltd.), NRB Bearings Limited, ILJIN Co., Ltd., Fersa Bearings S.A., Wafangdian Bearing Group Corp., Ltd.. (ZWZ), C&U GROUP CO., LTD., Zhejiang XCC Group Co., Ltd., Nachi-Fujikoshi Corp., NMB Technologies Corporation.

Recent Industry Developments

In May 2022, NTN achieved a significant milestone by achieving a DmN value*1 of 2.2 million under oil lubrication with high-speed deep groove ball bearings. These bearings are specifically designed for E-Axle drive systems in electric vehicles (EVs) and motors and transmissions in hybrid electric vehicles (HEVs).

In February 2022, Schaeffler Technologies AG & ortak. KG introduced the TriFinity triple-row bearing. This innovative design allows for downsizing of system solutions, resulting in optimized bearing weight and reduced noise emission levels during electric vehicle operations.

In April 2021, NSK Ltd. announced the development of a third-generation (Gen 3) high-speed ball bearing for electric vehicle motors. This advanced bearing is capable of delivering exceptional rotational performance, surpassing 1.8 million dmN.

In December 2020, NTN Corporation established a new sales company, NTN Middle East FZE, in Dubai, U.A.E. The purpose of this establishment is to build a technical service and sales system to expand their presence in the Middle East and Africa regional markets.

In September 2020, AB SKF made a substantial investment of nearly $61.7 milyon (SEK 550 milyon) to enhance its competitiveness and manufacturing capabilities in the North America region.

Cevaplanan Anahtar Sorular

How is the electric vehicle bearings market adapting to new technologies and products in the global market?

How are companies modifying the design of bearings and their components in the rapidly evolving EV industry?

What are the perspectives of key industry participants from electric vehicle bearings manufacturing companies operating in this field?

What is the competitive position of market leaders who serve the demand for electric vehicle bearings in the global market?

What is the effect of the COVID-19 pandemic on the global supply chain of electric vehicle bearings?