Global Automotive Engine Bearing Cap Market Overview
As per MRFR analysis, the Automotive Engine Bearing Cap Market Size was estimated at 4.0 (USD Billion) in 2022. The Automotive Engine Bearing Cap Market Industry is expected to grow from 4.11(USD Billion) in 2023 to 5.2 (USD Billion) by 2032. The Automotive Engine Bearing Cap Market CAGR (growth rate) is expected to be around 2.65% during the forecast period (2024 - 2032).
Key Automotive Engine Bearing Cap Market Trends Highlighted
The automotive engine-bearing cap market is influenced by several key market drivers. Stringent emission regulations, particularly in developed regions, are driving the demand for high-performance engine components, including bearing caps. Furthermore, advancements in engine technology, such as the adoption of turbochargers and direct fuel injection systems, create opportunities for enhanced engine efficiency and power output. The market is also fueled by the increasing sales of passenger and commercial vehicles, especially in emerging economies.
Recent market trends include the growing popularity of lightweight materials, such as aluminum and magnesium alloys, to reduce vehicle weight and improve fuel efficiency. Additionally, the integration of advanced manufacturing technologies, such as 3D printing and laser cutting, offers opportunities for cost reduction and improved product quality.
The automotive engine bearing cap market presents various opportunities for exploration. The development of bearing caps for electric vehicles, which require different performance characteristics than internal combustion engines, is a promising area. Moreover, the adoption of smart manufacturing technologies, such as predictive maintenance and condition monitoring, can enhance the efficiency of production processes and reduce downtime.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Automotive Engine Bearing Cap Market Drivers
Increasing Demand for Fuel-Efficient Vehicles
The rising popularity of fuel-efficient vehicles can be viewed as a key driver of growth in the Automotive Engine Bearing Cap Market Industry. With the increasing awareness about environmental issues, more and more consumers are searching for possibilities to diminish their ecological footprint. Automakers constantly strive for better fuel economy, and engine component suppliers need to be in lockstep with those demands, which means that the higher fuel efficiency of engines will entail the increasing demand for the materials ensuring this. In such a way, as the better fuel economy of vehicles is becoming a more and more predominant requirement of their consumers, the market of automotive engine bearing caps is expected to experience rapid growth.
Growing Adoption of Advanced Engine Technologies
With the current characteristics of the modern automotive industry, when advanced engine technologies are widely used, including turbocharging and direct injection, serving to improve engine performance, power, and efficiency, the stress on engine components also grows. Therefore, there is an increasing need to manufacture engine-bearing caps that can meet the growing demands of high-performance engines. Engine-bearing caps produced in the automotive industry and based on advanced materials, including lightweight alloys or composites, have become increasingly popular with a growing application due to their increased strength and effective performance.
Expansion of the Automotive Aftermarket
The rising number of vehicles on the road is expanding the automotive aftermarket, which includes the replacement of worn-out or defective engine components. Engine bearing caps are an important part that needs frequent maintenance and replacement to ensure that the engine functions correctly. With the growing number of vehicles on the road, there is going to be an increasing number of engine bearing caps which need to be replaced. This is one of the major factors driving the growth of the Automotive Engine Bearing Cap Market Industry.
Automotive Engine Bearing Cap Market Segment Insights:
Automotive Engine Bearing Cap Market Engine Type Insights
The Automotive Engine Bearing Cap Market is segmented by Engine Type into Internal Combustion Engines and Electric Motors. The Internal Combustion Engine segment held the largest market share in 2023, being the one to continue dominating the market throughout the forecast period. The Internal Combustion Engine segment growth is based on increasing production and sales of internal combustion engine vehicles, especially in developing countries. Meanwhile, the Electric Motor segment is anticipated to experience a substantial growth rate over the forecast period due to the increasing demand for electric vehicles and initiatives of governments to foster it.
The Internal Combustion Engine segment accounted for nearly 85% of the Automotive Engine Bearing Cap Market revenue in 2023. This segment will keep dominating the market owing to the high popularity of internal combustion engines used in passenger cars, commercial vehicles, and off-highway vehicles. The growth of the Electric Motor segment will be slower, and it is forecast to have a CARG of over 10% within the forecast period. This segment will experience growth due to the increasing popularity of electric vehicles and growing awareness about the environment.
The factors driving the growth of the Electric Motor segment are diverse, such as governmental regulations aiming at lowering carbon emissions, the increased efficiency and effectiveness levels of electric motors due to technological advancement, and the growing demand for environmentally-friendly vehicles among consumers. The Electric Motor segment will keep gaining market share, especially in developed countries, due to the ever-rising number of electric vehicle users.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Automotive Engine Bearing Cap Market Bearing Type Insights
The 'Plain Bearing' segment held the largest share in the Automotive Engine Bearing Cap Market in 2023, and it is projected to continue its dominance throughout the forecast period. Plain bearings are widely utilized in automotive engine bearing caps due to their simplicity, low cost, and ability to withstand high loads. The 'Roller Bearing' segment is anticipated to grow at a significant rate during the forecast period. Roller bearings offer advantages such as reduced friction, increased load-carrying capacity, and longer lifespan compared to plain bearings.
The 'Ball Bearing' segment is also expected to witness steady growth, owing to its compact design, low noise operation, and ability to handle high speeds. Overall, the Automotive Engine Bearing Cap Market is expected to exhibit steady growth in the coming years, driven by increasing vehicle production and the rising demand for high-performance and fuel-efficient engines.
Automotive Engine Bearing Cap Market Material Insights
The Automotive Engine Bearing Cap Market is segmented based on Material into Aluminum, Steel, and Composite. Aluminum is the most widely used material in the manufacturing of engine bearing caps due to its lightweight, high strength, and excellent thermal conductivity. In 2023, the Aluminum segment accounted for a significant share of the Automotive Engine Bearing Cap Market revenue, estimated to be around 43%. The increasing demand for fuel-efficient vehicles is driving the growth of the Aluminum segment as it helps reduce the overall weight of the engine.
Steel is another commonly used material in the production of engine-bearing caps. Steel offers high strength and durability, making it suitable for heavy-duty applications. The Steel segment is expected to witness steady growth in the coming years, owing to its cost-effectiveness and wide availability. Composite materials are gaining popularity in the Automotive Engine Bearing Cap Market due to their unique properties, such as high strength-to-weight ratio, corrosion resistance, and low thermal expansion. The Composite segment is expected to grow at a significant rate in the future, driven by the increasing adoption of advanced materials in the automotive industry.
The segmentation of the Automotive Engine Bearing Cap Market based on Material provides valuable insights into the market dynamics, key trends, and growth opportunities. This data helps market participants make informed decisions and develop effective strategies to capture a larger market share.
Automotive Engine Bearing Cap Market Application Insights
The Application segment of the Automotive Engine Bearing Cap Market is categorized into Passenger Cars, Commercial Vehicles, and Industrial Equipment. Among these, Passenger Cars held the largest market share in 2023, accounting for over 60% of the revenue and is projected to maintain its dominance throughout the forecast period. The growth of this segment is attributed to the increasing production and sales of passenger cars worldwide, particularly in emerging markets.
Commercial Vehicles, including trucks, buses, and vans, are another significant application segment driven by the rising demand for transportation and logistics services. Industrial Equipment, such as construction and mining machinery, also contribute to the market growth, as engine-bearing caps play a crucial role in ensuring the durability and reliability of these heavy-duty vehicles.
Automotive Engine Bearing Cap Market Manufacturing Process Insights
The Automotive Engine Bearing Cap Market is segmented on the basis of Manufacturing Process into Forging, Casting, and Machining. Among these, the Forging segment is expected to hold the largest market share of around 45% in 2023 and is projected to reach $2.5 billion by 2032, exhibiting a CAGR of 2.8% during the forecast period. This growth can be attributed to the increasing demand for forged engine bearing caps in high-performance engines, as they offer superior strength, durability, and dimensional accuracy compared to other manufacturing processes.
Casting segment is also expected to witness significant growth, owing to the rising adoption of lightweight materials such as aluminum alloys in automotive engines. The machining segment is expected to hold a relatively smaller market share, but it is projected to grow at a steady pace due to the increasing demand for precision-machined engine bearing caps in specialized applications.
Automotive Engine Bearing Cap Market Regional Insights
The regional segmentation of the Automotive Engine Bearing Cap Market offers insights into the market's geographic distribution and performance. North America is projected to hold a significant market share, driven by the presence of major automotive manufacturers and a high demand for vehicles. Europe is another key region, with a large automotive industry and a growing demand for high-performance vehicles. APAC is expected to witness substantial growth in the coming years, owing to the rising production of automobiles in the region. South America and MEA are also expected to contribute to the market growth, albeit at a slower pace. The Automotive Engine Bearing Cap Market revenue is expected to reach USD 4.6 billion in 2024, exhibiting a steady growth trajectory in the years to come.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Automotive Engine Bearing Cap Market Key Players And Competitive Insights:
Major players in the Automotive Engine Bearing Cap Market industry are continuously investing in research and development to improve the performance and durability of their products. Leading Automotive Engine Bearing Cap Market players are focusing on developing lightweight and high-strength bearing caps to meet the increasing demand for fuel-efficient vehicles. Additionally, the growing popularity of electric vehicles is driving the demand for specialized bearing caps that can withstand the unique operating conditions of electric motors. The Automotive Engine Bearing Cap Market is expected to witness significant growth in the coming years due to the increasing production of automobiles and the rising demand for high-performance engines.
Federal-Mogul is a leading supplier of powertrain solutions for the automotive industry. The company offers a wide range of bearing caps for automotive engines, including aluminum, steel, and cast iron caps. Federal-Mogul's bearing caps are known for their high strength, durability, and performance. The company has a manufacturing footprint and supplies its products to major automotive manufacturers around the world.
KOYO is another major player in the Automotive Engine Bearing Cap Market. The company is headquartered in Japan and has a presence. KOYO offers a wide range of bearing caps for automotive engines, including precision-engineered caps and caps made from lightweight materials. KOYO's bearing caps are known for their high quality and reliability. The company has a strong customer base and supplies its products to major automotive manufacturers around the world.
Key Companies in the Automotive Engine Bearing Cap Market Include:
- KS Kolbenschmidt
- Glyco Group
- Mahle GmbH
- NSK Ltd.
- JTEKT Corporation
- Clevite
- Timken Company
- Dana Holding Corporation
- Schaeffler Group
- FederalMogul Corporation
- T
- Asahi Kasei Corporation
- NTN Corporation
- NachiFujikoshi Corp.
- Musashi Seimitsu Industry Co., Ltd.
Automotive Engine Bearing Cap Market Industry Developments
The automotive engine-bearing cap market is witnessing steady growth, driven by increasing vehicle production and technological advancements. The rising demand for high-performance and fuel-efficient vehicles has led to the adoption of lightweight and durable bearing caps.
Major players are investing in research and development to enhance product offerings and cater to the evolving needs of the automotive industry. Strategic partnerships and acquisitions are also shaping the market landscape as companies seek to expand their geographical reach and product portfolios. Government regulations aimed at reducing emissions are further endorsing the adoption of advanced bearing cap technologies that minimize friction and improve engine efficiency. The market is expected to continue expanding in the coming years, with a growing focus on sustainability and innovation.
Automotive Engine Bearing Cap Market Segmentation Insights
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Automotive Engine Bearing Cap Market Engine Type Outlook
- Internal Combustion Engine
- Electric Motor
-
Automotive Engine Bearing Cap Market Bearing Type Outlook
- Plain Bearing
- Roller Bearing
- Ball Bearing
-
Automotive Engine Bearing Cap Market Material Outlook
-
Automotive Engine Bearing Cap Market Application Outlook
- Passenger Cars
- Commercial Vehicles
- Industrial Equipment
-
Automotive Engine Bearing Cap Market Manufacturing Process Outlook
- Forging
- Casting
- Machining
-
Automotive Engine Bearing Cap Market Regional Outlook
- North America
- Europe
- South America
- Asia Pacific
- Middle East and Africa
| Report Attribute/Metric |
Details |
| Market Size 2022 |
4.0(USD Billion) |
| Market Size 2023 |
4.11(USD Billion) |
| Market Size 2032 |
5.2(USD Billion) |
| Compound Annual Growth Rate (CAGR) |
2.65% (2024 - 2032) |
| Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Base Year |
2023 |
| Market Forecast Period |
2024 - 2032 |
| Historical Data |
2019 - 2023 |
| Market Forecast Units |
USD Billion |
| Key Companies Profiled |
KS Kolbenschmidt, Glyco Group, Mahle GmbH, NSK Ltd., JTEKT Corporation, Clevite, Timken Company, Dana Holding Corporation, Schaeffler Group, FederalMogul Corporation, T, Asahi Kasei Corporation, NTN Corporation, NachiFujikoshi Corp., Musashi Seimitsu Industry Co., Ltd. |
| Segments Covered |
Engine Type, Bearing Type, Material, Application, Manufacturing Process, Regional |
| Key Market Opportunities |
Rising hybrid and electric vehicle sales Growing demand for lightweight components Increasing adoption of advanced materials |
| Key Market Dynamics |
Increased EV production stringent emission standards, technology advancements, rising demand for lightweight vehicles, growing focus on fuel efficiency |
| Countries Covered |
North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
The Automotive Engine Bearing Cap Market is valued at USD 4.11 billion in 2023 and is expected to reach USD 5.2 billion by 2032, exhibiting a CAGR of 2.65% during the forecast period.
North America is expected to dominate the Automotive Engine Bearing Cap Market, owing to the presence of major automotive manufacturers in the region.
Automotive Engine Bearing Caps find applications in various types of vehicles, including passenger cars, commercial vehicles, and off-highway vehicles.
Major players in the Automotive Engine Bearing Cap Market include Federal-Mogul Corporation, Tenneco Inc., MAHLE GmbH, Rheinmetall AG, and Clevite Engine Parts.
Increasing vehicle production, rising demand for fuel-efficient vehicles, and growing awareness of vehicle safety regulations are driving the Automotive Engine Bearing Cap Market growth.
Fluctuating raw material prices, intense competition, and stringent environmental regulations pose challenges to the Automotive Engine Bearing Cap Market.
Technological advancements, such as lightweight materials and improved designs, are enhancing the performance and efficiency of Automotive Engine Bearing Caps.
Government regulations on vehicle emissions and fuel economy influence the demand for Automotive Engine Bearing Caps.
The integration of sensors and the development of self-lubricating bearing caps are among the emerging trends in the Automotive Engine Bearing Cap Market.
The Automotive Engine Bearing Cap Market is expected to witness steady growth over the forecast period, driven by increasing vehicle production and technological advancements.
