Overall automotive bearing market:
- CAGR of approximately 4% from 2025 to 2030; Asia-Pacific remains the largest and fastest-growing region.
Wheel hub bearings (including assemblies):
Wheel hub bearings: Global market value is estimated at approximately US$9.5–10.5 billion in 2025, with a CAGR of 5–7% to 2030.
- Hub unit (HBU): Approximately US$1.29 billion in 2025, with a CAGR of 8.3% to 2033. Other studies have projected a CAGR of ~4.8% from 2025 to 2033, with a market value exceeding US$9 billion by 2033 (based on different models).
- Aftermarket (Wheel hub bearings): US$1.11 billion in 2023, projected to reach ~US$1.2 billion in 2025, with a long-term CAGR of ~5%. Future Market Insights
- Electric Vehicle Bearings: $2.64 billion in 2024, projected to grow at a CAGR of ~8.7% from 2025 to 2034. Other sources predict a higher CAGR of ~12% (2025-2032) for “Automotive Electric Vehicle Bearings.” In contrast, bearings for combustion engines have seen almost zero growth (~0.3% CAGR).
For reference, all bearing categories (including industrial bearings) are projected to reach $121 billion in 2023, with a CAGR of ~9.5% by 2030. Other reports suggest a more moderate CAGR of ~6.3% from 2024 to 2030.
Key Trends and Predictions for 2025
- Growth Structure Divergence
- High Growth in EV/Hybrid Bearings: Demand for high-speed, low-noise, and long-life bearings for e-axles, motors, and reducers is increasing, with ceramic hybrids, low-friction coatings, and low-noise greases becoming key differentiators. Fuel vehicle-related bearings (such as traditional clutch release bearings) are experiencing a slowdown in Europe and the United States, but remain stable in India, Southeast Asia, and Latin America.
- Wheel hub bearings are experiencing stable growth: driven by new vehicle installations and aftermarket replacements, with HBU Gen3 integrated magnetic encoders/ABS remaining the mainstream, offering superior unit price and added value compared to traditional tapered/deep groove ball replacements.
- Regional Opportunity Shift
Asia Pacific > North America > Europe: Asia Pacific is both the largest and fastest-growing market; Europe will enter a period of structural adjustment in 2024–2025, with more pronounced contraction among OEMs and Tier 1 suppliers and a more conservative pace of parts orders.
- The aftermarket (IAM) is more resilient than the original equipment (OE) market.
Some leading manufacturers anticipate a slight decline or flattening of vehicle production in 2025. However, the high vehicle ownership and aging population are supporting strong demand for aftermarket bearings (particularly wheel hub bearings, tensioners, and idlers).
- Material and process upgrades are becoming a premium point.
Directions: Focusing on higher-purity steel, hybrid ceramic balls, low-torque seals, high-temperature/long-life greases, and NVH-optimized raceway and cage designs. The high-speed, low-noise, and low-loss selling points for EVs are effectively widening the price gap. (Comprehensive conclusion based on multiple trends)
- Price and cost: Stabilizing after a reasonable decline
Upstream steel prices and shipping prices are expected to decline from the high volatility of 2021-2023. In 2024-2025, there will be a greater focus on stable delivery times and consistent quality. Buyers will also have increased requirements for PPAP/traceability and failure analysis capabilities. (Industry consensus, based on public financial reports and buyer feedback)
TP maintains/expands its product portfolio: popular HBU Gen2/Gen3 models (pickup trucks, light trucks, and mainstream passenger car platforms), commercial vehicle tapered rollers/wheel-end repair kits, and tensioner/idler pulley and tensioner assemblies. This portfolio provides customers in various regions with popular product models.
Future Trends
EV Bearing Specialization: Development of bearings designed specifically for electric motors, reduction gearboxes, and high-speed applications will become a major growth point.
Aftermarket Opportunities: The global vehicle ownership base continues to expand, especially in Latin America, Africa, and Southeast Asia, leading to strong aftermarket replacement demand.
Sustainability & Green Manufacturing: Low-carbon, recyclable, and energy-efficient bearing production will become a key competitive advantage for manufacturers.
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Post time: Sep-04-2025
