What are the latest figures on the passenger car bearing and clutch component aftermarket market’s size and projected CAGR?
The passenger car bearing and clutch component aftermarket market size has grown strongly in recent years. It will grow from $8.74 billion in 2024 to $9.32 billion in 2025 at a compound annual growth rate (CAGR) of 6.6%. The growth in the historic period can be attributed to increased average age of passenger cars, growth in the number of passenger cars, higher usage of vehicles leading to more wear and tear, economic stability, and growth boosting consumer spending on vehicle maintenance.
The passenger car bearing and clutch component aftermarket market size is expected to see strong growth in the next few years. It will grow to $11.91 billion in 2029 at a compound annual growth rate (CAGR) of 6.3%. The growth in the forecast period can be attributed to growing demand for environmentally friendly, sustainable automotive components, growing automotive production, continued vehicle aging, and higher replacement rates. Major trends in the forecast period include advances in bearing and clutch technology, increasing demand for high-performance and fuel-efficient vehicles, e-commerce platforms, advanced material adoption, and electric and hybrid vehicles.
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Which major factors have contributed to the expansion of the passenger car bearing and clutch component aftermarket market?
The growing global vehicle population is expected to propel the growth of the passenger car bearing and clutch component afterMarket going forward. The vehicle population is driven by increasing urbanization, rising disposable incomes, and expanding transportation needs. The passenger car bearings and clutch components available in aftermarket support vehicle maintenance, repair, and upgrade, contributing to the longevity and efficiency of the growing global vehicle population. For instance, in May 2024, according to the Department for Transport, a UK-based ministerial department of the government, 2.5 million automobiles were registered for the first time in the UK in 2023. This was a 16% rise compared to 2022. Therefore, the growing global vehicle population will drive the passenger car bearing and clutch component afterMarket.
How is the passenger car bearing and clutch component aftermarket market segmented?
The passenger car bearing and clutch component aftermarket market covered in this report is segmented –
1) By Product Type: Wheel Bearing, Clutch Actuators, Clutch Kit Components, Transmission Bearings, Differential Bearings
2) By Sales Channel: Authorized Dealerships, Automotive Parts Retailers, Online Retail, Auto Repair Shops, Distributors And Wholesalers
3) By Application: Sedan, Utility Vehicle, Sports Utility Vehicle (SUV), Other Applications
Subsegments:
1) By Wheel Bearing: Hub Bearings, Ball Bearings, Roller Bearings
2) By Clutch Actuators: Hydraulic Clutch Actuators, Electric Clutch Actuators
3) By Clutch Kit Components: Clutch Discs, Pressure Plates, Release Bearings
4) By Transmission Bearings: Ball Transmission Bearings, Tapered Roller Transmission Bearings
5) By Differential Bearings: Pinion Bearings, Side Bearings, Carrier Bearings
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Who are the top competitors in the passenger car bearing and clutch component aftermarket market?
Major companies operating in the passenger car bearing and clutch component afterMarket are Robert Bosch GmbH, DENSO Corporation, ZF Friedrichshafen AG, Aisin Seiki Co. Ltd., Faurecia S.A., Valeo S.A., Eaton Corporation Plc, Tenneco Inc., Aptiv PLC, Schaeffler AG, MAHLE GmbH, BorgWarner Inc., Dana Incorporated, AB SKF, Minebea Mitsumi Inc., JTEKT Corporation, NSK Ltd., GKN Automotive Limited, The Timken Company, NTN Corporation, Nachi-Fujikoshi Corp., Exedy Corporation, Haldex AB, Federal-Mogul LLC, Fersa Bearings S.A
Which key trends are expected to influence the passenger car bearing and clutch component aftermarket market in the coming years?
Major companies operating in the passenger car bearing and clutch component afterMarket are focusing on technological advancements such as dual-core technology to enhance performance, durability, and efficiency, thereby meeting the evolving demands of modern vehicles. Dual-core technology integrates two clutch cores for improved performance, efficiency, and durability in various mechanical systems. For instance, in October 2023, UniClutch, an Australia-based innovator in advanced clutch technologies specializing in high-performance solutions for automotive and industrial applications, introduced revolutionary clutch systems to the U.S. market, promising to transform the global automotive aftermarket. UniClutch and UniClutch Sport, which use unique dual-core technology, improve torque capacity and drive performance while simplifying inventory management and installation. UniClutch Sport provides an additional 15% torque capacity while maintaining a sport-tuned pedal feel. These technologies address supply chain difficulties and labor efficiency requirements, which benefit drivers, technicians, and parts distributors alike.
Which regional trends are influencing the passenger car bearing and clutch component aftermarket market, and which area dominates the industry?
North America was the largest region in the passenger car bearing and clutch component afterMarket in 2023. The regions covered in the passenger car bearing and clutch component afterMarket report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Does The Passenger Car Bearing And Clutch Component Aftermarket Market Report 2025 Offer?
The passenger car bearing and clutch component aftermarket market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
The passenger car bearing and clutch component aftermarket refers to the segment that deals with the distribution and sale of replacement bearings and clutch components for passenger cars. These parts and clutch components are used to maintain, repair, or enhance the performance of passenger car drivetrains after the original parts have worn out or failed. The aftermarket provides these components to service centers, repair shops, and individual consumers, ensuring the continued operation and reliability of passenger vehicles.
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