Europe Automotive Bearing Seals Market size crossed USD 160 million in 2020 and is poised to expand at a CAGR of 3.6% between 2021 and 2027. The purpose of an automotive bearing seal is to keep away dust and other impurities while keeping the component or equipment lubricated.

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The growing automotive manufacturer demand for high-quality sealability and reduction in power losses is expected to drive the market growth. Bearing seals offer several advantages such as lower friction, reduced CO₂ emissions, and effective contamination exclusion, among others.

Bearing seals are widely used in luxury buses and coaches. The demand for large commercial vehicles will be driven by the rising road transport and logistics industries within the major European economies such as Germany and France. Furthermore, the rising demand for HCVs due to goods transportation, payload capacity for passengers, and cargo transport in various terrains will boost the market revenue.

The increasing demand for lightweight and durable bearings from the automotive industry is encouraging major manufacturers, such as Schaeffler, SKF, and NRB Bearings, to focus on new raw materials rather than traditional high-grade steel. Furthermore, companies are increasing their R&D expenditure for the development of bearing materials without compromising their functionality.

Europe Market, By Vehicle

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The passenger car segment demand in the Europe automotive bearing seals market will surpass 307 million units by 2027. As the wheel bearing connects the axle and the wheel, it is an important component of the car wheel. Wheel bearings are also an important safety component that must be replaced when they stop operating properly. They are designed to withstand axial and radial stresses induced by breaking, acceleration, gravitation & cornering forces. The sealing lip of bearing seals is positioned facing the lubrication fluid to be sealed.

Europe Market, By Application

The wheel bearing seals segment will generate over USD 55 million revenue at a CAGR of 3.9% through 2027. Wheel bearings are important parts of the wheel braking component as they offer a smooth driving experience. These types of bearings are mainly replaced after 40,000 km to 48,000 km. The rising personal vehicle usage across the region along with growing vehicle sales will fuel the industry outlook.

Europe Market, By Seal Type

The dust seal type segment will showcase around 3.8% growth rate during the forecast period. Dust seals are manufactured using stainless steel or aluminized steel coated rubber compounds and are hermetically mounted such that they can reciprocate or rotate with pneumatic or hydraulic pressure. Dust seals keep off contaminant particles from crucial parts of the vehicle components. Seals keep away dust and other debris from the engine and other important vehicle components.

Europe Market, By Seal Channel

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Due to a lower replacement rate and longer operating life of automobile bearing seals, the OEM segment held more than 78% market share in 2020, boosted by increased car production. The need for unpolarized competitive quality of bearing seals and their ability to deliver adequate performance in any terrain are the key drivers of the OEM segment.

Europe Market, By Country

The German automotive bearing seals market size will exceed USD 45 million by 2027. Furthermore, the country accounts for one of the major passenger car markets in the region. According to OICA, in 2021, Germany recorded the highest sales of passenger cars in Europe with around 2,622,132-unit sales. Germany accounted for around 18.7% of passenger car sales in Europe in FY2021.

Competitive Industry Landscape

Some of the prominent players in the market are SSP Manufacturing Inc., SKF Bearings, The Timken Company, JTEKT Corporation, Ashutosh Rubber Pvt Ltd., Well Oil Seal Industrial Co., Ltd., NSK Ltd., and C&U Group Company Limited.

Companies in the European market compete through product development and geographical expansion, such as mergers, acquisitions, and consortiums of smaller firms, to expand their presence across the region Furthermore, the continuous emphasis on research & development activities to gain a competitive edge over other manufacturers will sustain the industry rivalry.