'Growing automotive industry coupled' presentation slideshows

Automotive bearing market is projected to reach $53.3 billion by 2025, according to P&S Intelligence. The market growth is primarily driven by growing automotive industry coupled with increasing focus toward vehicle weight reduction. Several manufacturers are focusing to improve vehicle efficiency by reducing weight of the vehicle. For this, they are focusing on lightweight bearings employing high durability and stiffness. Besides this, the manufacturers are also using low torque and enhanced forging techniques in bearing production. Thus, the increased focus on reducing the weight of the vehicle is resulting in growing adoption rate of advanced bearings, which sequentially, is propelling the growth of the market.

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