Published Date: 2022-05-24
Request a sample
European Automotive Bearing Seal Market size is projected to surpass USD 190 million By 2027, according to a latest forecast report by Graphical Research. Bearings are required for the smooth operation of moving parts in automobiles. They provide several advantages including improved vehicle performance, reduced friction, and heavy load bearings. In the automotive sector, bearing seals are used in engines, gearboxes, transmissions, wheels, steering, motors, and pumps. These variables will have a favorable impact on the industry growth.
The increased demand for lightweight and durable bearings in the automobile industry is encouraging major bearing manufacturers to shift their attention toward alternate raw materials. Vendors are also increasing their R&D expenditure to develop lightweight technology. Currently, auto component makers are manufacturing lightweight bearing seals to reduce vehicle weight without affecting its functionality.
The light commercial vehicles segment will showcase around 3.8% growth rate till 2027. The strong logistics sector in Europe along with driving sales of commercial vehicles is supporting bearing sales over the forecast timeframe. Furthermore, expansion plans of several LCV manufacturers, such as Volkswagen, Hyundai, and others, are supporting the regional market size.
In the European automotive bearing seal market, the water pump application segment will grow at 4.5% CAGR through 2027. For the circulation of cold water in a vehicle, water pump bearings are inserted into the pump. The product has double-row sealed bearings with a large space between the two rows of the bearing's rolling components. As seals are used in water pump bearings, they have a longer service life along with improved performance, strong heat, and water resistance abilities.
Browse detailed statistical insights from the report, “Europe Automotive Bearing Seals Market Forecast 2027 By Application (Engine, Differential Gears, Wheel, Steering, Water Pump, Transmissions), By Vehicle (Passenger Cars, LCV, HCV), By Seal Type (Dust Seal, Oil Seal, Pack Seal), By Sales Channel (OEM, Aftermarket), Research Report, COVID-19 Impact Statistics, Country Outlook, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share” along with the table of contents (ToC) @
https://www.graphicalresearch.com/industry-insights/2138/europe-automotive-bearing-seals-market
The oil seal segment accounted for 51% market share in 2020. Transmission, steering, and gear applications use oil seals. Oil seals, also known as dirt, fluid, or grease seals, are primarily used to keep oil or grease contained in a container. Oil seals prevent lubricants from escaping from the moving & stationary elements of a bearing. Another important purpose of the oil seal is to keep contaminants out of the car bearing.
The aftermarket segment will witness over 3.9% CAGR during the forecast period. Bearing seals are used to extend the life of the bearings while reducing friction. Customer-specific product customizations, such as design changes in bearing seals, are also offered by the aftermarket players.
The France automotive bearing seal market will reach USD 21 million by 2027. Several ambitious plans by the France government to support the automotive industry in the country along with rising vehicle sales are expected to drive the country’s growth. Furthermore, a considerable number of park passenger vehicles in the country is expected to support bearing sales demand over the projected timeframe.
The European automotive bearing seal market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in Kilotons & revenue in USD Million from 2016 to 2027 for the following segments:
Europe Market, By Vehicle type
Europe Market, By Application
Europe Market, By Seal Type
Europe Market, By Sales Channel
The above information has been provided for the following countries:
The great explorer of the truth, the master-builder of human happiness no one rejects dislikes avoids pleasure itself because it is pleasure but because know who do not those how to pursue pleasures rationally encounter consequences that are extremely painful desires to obtain.
Read More