Who are the key players in Global New Generation Automotive Hub Bearing Market industry?

The top five players in the Global New Generation Automotive Hub Bearing Market are SKF Group, Schaeffler AG, NSK Ltd., NTN Corporation, and JTEKT Corporation. These companies lead the industry through extensive research, innovative product offerings, strong distribution networks, and comprehensive service portfolios, supporting the evolving demands of automotive manufacturers worldwide.

Which segment accounted for the largest Global New Generation Automotive Hub Bearing Market share?

Passenger vehicles accounted for the largest market share in the Global New Generation Automotive Hub Bearing Market. The growing production and sales of passenger cars, coupled with increasing integration of advanced wheel hub technologies for safety and efficiency, have resulted in significant demand from this segment.

What are the factors driving the Global New Generation Automotive Hub Bearing Market?

Key growth drivers include the increasing demand for fuel-efficient vehicles, enhanced focus on vehicle safety, and rising electric vehicle production. For example, Schaeffler AG has developed lightweight, durable bearings to improve vehicle efficiency and support the automotive industry’s shift toward electrification and sustainability.

Which type accounted for the largest Global New Generation Automotive Hub Bearing Market share?

Gen 3 (third generation) hub bearings hold the largest share in the market. Their integrated design combines advanced functionalities such as ABS sensors and improved durability, reducing overall vehicle assembly time and weight, which makes them highly popular among automakers for modern vehicle platforms.

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Global New Generation Automotive Hub Bearing Market Size & Share Analysis - Growth Trends and Forecast (2026 - 2035)

Name: Global New Generation Automotive Hub Bearing Market
Brand: Bussiness Insights

Global New Generation Automotive Hub Bearing Market: by Type (Gen 1, Gen 2, Gen 3, Others), Application (Passenger Vehicles, Commercial Vehicles, Others), Distribution Channels (OEM, Aftermarket, Retailers, E-commerce, Distributors/Wholesalers, Others), Technology (Conventional, Sensor Integrated, Hybrid, Advanced Materials, Lubrication Technologies, Others), Organization Size (Small, Medium, Large) and By Global – Historical & Forecast Period (2020-2035) Comprehensive Study 2025

Last Updated: 06-04-2026 | Format: PDF | Report ID:21812 | Author: Lena

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Global New Generation Automotive Hub Bearing Market Analysis (2020-2035)

The global new generation automotive hub bearing market is projected to surge significantly between 2025 and 2035. The market is driven by technological advancements, increased vehicle production, and the rapid shift toward sensor-integrated and hybrid bearings for improved safety and efficiency. With prominent manufacturers innovating in materials and digital integration, the adoption of new-generation hub bearings is becoming critical in both passenger and commercial automotive segments. Growing e-commerce and aftermarket distribution are also bolstering market expansion.

Latest Market Dynamics

Key Drivers

Rising demand for electric and hybrid vehicles is driving the adoption of advanced hub bearings, with Schaeffler AG

Widespread integration of sensor technology for real-time diagnostics is trending, as NSK Ltd. released their intelligent hub units with embedded sensors (August 2024).
Increased use of advanced materials and improved lubrication technologies for durability, as TIMKEN Company introduced new composite materials in their bearings lineup (June 2024).

In 2025, Gen 3 hub bearings are set to dominate the market, owing to their enhanced performance, ease of integration, and relevance in electric vehicles. Sensor-integrated and advanced material types are experiencing rapid growth due to their critical role in connected and autonomous vehicles. The market distribution illustrates a shift toward upgraded and multifunctional hub units, indicating a strong industry orientation toward future vehicle technologies.

Passenger vehicles occupy the largest market share by application in 2025, reflecting robust global car sales and the need for higher performance, safety, and fuel efficiency. Commercial vehicle applications are following closely, with increasing fleet upgrades and logistics sector investments. Growth in two-wheelers is steady, with emerging markets propelling demand. As advanced automotive technologies spread, hub bearing usage diversifies across vehicle segments, reinforcing the market's broad applicability.

The global new generation automotive hub bearing market revenue is forecasted to leap from 4,820 million in 2021 to over 13,860 million in 2035. This growth trajectory is fueled by rising vehicle production, increasing adoption of advanced bearings, and the global vehicle electrification wave. The market is expected to sustain strong compound annual growth, with Asia Pacific and North America continuing as key contributors to revenue expansion.

Year-on-year growth rates are projected to remain robust throughout 2025-2035, peaking at 7.1% in the mid-2020s due to surges in electric and hybrid vehicle sales and plateauing to 5.4% as the market matures. This stable growth backdrop underlines the hub bearing market’s resilience and adaptability amidst shifting automotive trends.

Asia-Pacific holds the largest market share in 2025 due to its immense automotive manufacturing base, presence of leading OEMs, and accelerating adoption of advanced automotive technologies. North America and Europe also contribute significantly, underpinned by regulatory mandates for safety and connectivity. Emerging automotive sectors in South America and Middle East/Africa are gradually increasing their market participation.

The competitive landscape in 2025 is dominated by leading players such as SKF Group, Schaeffler AG, and NSK Ltd., with the top five vendors collectively commanding more than half of the market. Continuous product innovation, global manufacturing capabilities, and strategic alliances define the success of these industry leaders in a rapidly evolving technological environment.

OEMs account for the largest share among buyers in 2025, reflecting their pivotal role in integrating advanced hub bearing solutions during initial vehicle manufacturing. The aftermarket segment follows as vehicle parts replacement and upgrades rise, while the growing prominence of e-commerce is reshaping traditional distribution and fueling broader market access.

Metrics	Details
Years	2020-2035
Base Year	2025
Market Size	7230
Regions	North America, Europe, Asia-Pacific, South America, Middle East, Africa
Segments	By Type: Gen 1, Gen 2, Gen 3, Sensor Integrated, Advanced Materials, Others; By Application: Passenger Vehicles, Commercial Vehicles, Two Wheelers, Off-road Vehicles, Agriculture Vehicles, Others
Players	SKF Group, Schaeffler AG, NSK Ltd., JTEKT Corporation, NTN Corporation, ILJIN Co., Ltd., GMB Corporation, CW Bearing GmbH, FKG Bearing, TIMKEN Company, Nachi-Fujikoshi Corp, Mevotech LP, Wulf Gaertner Autoparts AG (Meyle), C&U Group, RBC Bearings Incorporated

Schaeffler AG announced a new manufacturing plant in Mexico focused on EV-compatible hub bearings (08 July 2024).
SKF Group launched smart sensor-integrated hub bearings for premium vehicle OEMs (01 August 2024).
NTN Corporation signed a strategic supply agreement with a leading electric vehicle manufacturer (15 July 2024).
Mevotech LP partnered with eBay Motors to expand access to aftermarket hub bearing solutions (September 2024).
NSK Ltd. initiated the rollout of their advanced material bearings for high-performance EVs (22 June 2024).

About the Author

Lena

Senior Research Consultant

Lena is a Senior Research Consultant specializing in market research, industry analysis, and business consulting across Automotive & Transportation. Lena brings a commercially grounded perspective to sectors shaped by changing demand, innovation, and competitive dynamics, helping turn complex market trends into clear strategic insights for business decision-makers. With 10+ years of experience across research, analytics, and strategic advisory roles, Lena has helped organizations translate data into actionable growth strategies.

Automotive & TransportationMarket ResearchIndustry AnalysisStrategic Consulting

Key Questions Answered

»What is the market size and growth rate of the global and regional market by various segments?
»What is the market size and growth rate of the market for selective countries?
»Which region or sub-segment is expected to drive the market in the forecast period?
»What factors are estimated to drive and restrain the market growth?
»What are the key technological and market trends shaping the market?
»What are the key opportunities in the market?
»What are the key companies operating in the market?
»Which company accounted for the highest market share?

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Global New Generation Automotive Hub Bearing Market Size & Share Analysis - Growth Trends and Forecast (2026 - 2035)

Global New Generation Automotive Hub Bearing Market Analysis (2020-2035)

Latest Market Dynamics

Key Drivers

Key Trends

Key Opportunities

Key Challenges

Key Restraints

Market Share by Type, 2025

Market Share by Application, 2025

Global Revenue (2020-2035)

Year-on-Year Growth (%) (2020-2035)

Regional Market Share, 2025

Market Players Share, 2025

Market Buyers Share, 2025

Study Coverage

Key Recent Developments

Frequently Asked Questions

About the Author

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