Growth Trends and Key Companies in the Passenger Car Bearing and Clutch Component Aftermarket (2025 – 2034)

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The passenger car bearing and clutch component aftermarket is witnessing robust growth, with projections suggesting an increase from USD 10.13 billion in 2025 to USD 16.08 billion by 2034. This growth translates into a compound annual growth rate (CAGR) of 5.26% over the forecast period. The market dynamics are being shaped by the expanding automotive sector, particularly in countries like India and China, and the increasing demand for high-quality components in passenger cars.

Key Drivers of Market Growth

The passenger car bearing and clutch component aftermarket is propelled by several key factors:

  1. Growing Sales and Production of Passenger Cars: With rising car sales and production in Asia, especially in India and China, the demand for bearings and clutch components is expanding rapidly.

  2. Shift Toward Luxury Cars: The growing demand for luxury cars, particularly among high-net-worth individuals (HNIs), is fueling the demand for advanced bearing and clutch technologies.

  3. Sustainability Trends: Automotive brands are increasingly turning to sustainable materials in the manufacturing of automotive components, creating significant growth opportunities.

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Market Segmentation

Component Type

  • Bearings: The bearings segment currently holds the largest share in the market. The increased application of ball and roller bearings in automotive transmission systems, along with the use of high-quality steels in their production, has been driving this growth.

  • Clutches: The clutch segment is expected to grow at a considerable CAGR, particularly due to the rising popularity of multi-plate clutches used in luxury cars. Investments by automotive brands in opening new manufacturing facilities are expected to further accelerate this growth.

Material Insights

  • Steel: The steel segment leads the market due to the growing use of stainless steel for clutch assemblies and bearings. Steel-based automotive components offer superior strength, durability, and formability, contributing significantly to market growth.

  • Plastic: The plastic segment is expected to grow at a notable CAGR, driven by the increasing use of plastic in manufacturing automotive clutch master cylinders and other components. The growing adoption of biodegradable plastics is further contributing to this trend.

Vehicle Type Insights

  • Sedans: The sedans segment dominates the market due to the growing demand for luxury sedans, particularly in developed markets such as the U.S., UK, and Germany. Additionally, investments in mid-range sedans for developing nations like India and Vietnam are expected to propel the market.

  • SUVs: The SUV segment is poised for significant growth, driven by increasing demand for luxury SUVs, especially in regions like the U.S. and Europe, where off-roading enthusiasts drive higher performance demand.

Regional Insights

North America

North America leads the passenger car bearing and clutch component aftermarket, driven by the high demand for luxury cars in the U.S. and Canada. The region’s growing number of automotive workshops and rapid investment in new production facilities is boosting the market. Several companies, such as CENTERFORCE and BorgWarner, play a vital role in this growth.

Asia Pacific

Asia Pacific is expected to grow at a substantial CAGR due to the increasing sales of hybrid vehicles in countries like India, China, and Japan. The region also benefits from the availability of essential raw materials like steel and plastic, as well as the presence of leading automotive component manufacturers such as JTEKT and NSK.

Industry Trends and Developments

  1. Partnerships: Automotive brands are increasingly collaborating with clutch manufacturers to produce high-quality clutch assemblies to meet the growing demand in the passenger car market.

  2. Business Expansions: Several key market players are investing in new manufacturing facilities to increase production capacity and meet the growing demand for automotive components.

  3. Increasing SUV Sales: The rising sales of SUVs, particularly luxury models, are boosting the demand for high-quality bearings and clutches. This trend is expected to continue, particularly with the growing interest in off-roading activities.

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Company Profiles

SKF

  • About: SKF is a leading global supplier of bearings, seals, lubrication systems, and other automotive components. It focuses on providing solutions for energy-efficient and sustainable products.

  • Products: Bearings, seals, lubrication solutions, automotive components.

  • Market Cap: Approx. USD 22.5 billion (as of 2024)

Tsubakimoto Chain

  • About: Tsubakimoto is a global manufacturer specializing in mechanical power transmission products. It is known for its advanced engineering and commitment to sustainability.

  • Products: Chains, bearings, clutches, and mechanical transmission systems.

  • Market Cap: Approx. USD 3.8 billion (as of 2024)

NTN Corporation

  • About: NTN Corporation is a leading player in the global automotive bearing and component market. The company focuses on manufacturing a wide range of products, including bearings, clutches, and transmission parts.

  • Products: Bearings, clutches, automotive components.

  • Market Cap: Approx. USD 9.6 billion (as of 2024)

Valeo

  • About: Valeo is a global automotive supplier focusing on innovative solutions in advanced driver assistance systems, powertrain, and thermal systems.

  • Products: Clutches, transmission systems, powertrain components.

  • Market Cap: Approx. USD 22.1 billion (as of 2024)

Schaeffler

  • About: Schaeffler is a global manufacturer of bearings and automotive components, known for its high-performance products that meet the demands of the modern automotive industry.

  • Products: Bearings, clutches, transmission systems, engine components.

  • Market Cap: Approx. USD 16.5 billion (as of 2024)

Frequently Asked Questions (FAQs)

  1. What factors are driving the growth of the passenger car bearing and clutch component aftermarket?

    • The growth is primarily driven by the increasing demand for luxury cars, rising sales of SUVs, the growing adoption of high-performance vehicles, and investment in sustainable materials for automotive components.

  2. Which region is expected to witness the highest growth in the market?

    • The Asia Pacific region is expected to experience the highest growth due to the increasing sales of hybrid vehicles, along with the presence of major automotive manufacturers.

  3. What are the key trends in the passenger car bearing and clutch component aftermarket?

    • Major trends include strategic partnerships between automotive brands and clutch manufacturers, business expansions by key players, and an increase in the sales of SUVs.

  4. Which material segment dominates the market?

    • The steel segment currently dominates the market due to its strength, durability, and versatility in manufacturing clutch and bearing components.

  5. Which vehicle segment is leading the market?

    • The sedans segment holds the largest market share, driven by strong demand for luxury sedans and mid-range models across both developed and developing markets.

Source : https://www.towardsautomotive.com/insights/passenger-car-bearing-and-clutch-component-aftermarket-sizing

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