Global market valuation was derived through revenue mapping and vehicle production volume analysis. The methodology included:
Identification of 50+ key bearing manufacturers across North America, Europe, Asia-Pacific, and Latin America including SKF, NSK, NTN, Schaeffler, Timken, and JTEKT
Product mapping across ball bearings, roller bearings, thrust bearings, and plain bearing categories segmented by steel, ceramic, polymer, and composite materials
Application analysis across passenger vehicles, commercial vehicles, two-wheelers, and heavy-duty vehicles distinguishing OEM and Aftermarket channels
Analysis of reported and modeled annual revenues specific to automotive bearing portfolios
Coverage of manufacturers representing 72-78% of global market share in 2024
Validation through production volume data from OICA and regional automotive associations
Extrapolation using bottom-up (vehicle production units × bearing units per vehicle × ASP by region) and top-down (manufacturer revenue validation) approaches to derive segment-specific valuations for ball, roller, thrust, and plain bearing technologies
Key Differences Applied:
Secondary Sources: Replaced medical/health organizations with automotive-specific bodies (ABMA, SAE, OICA, DOT, NHTSA, ACEA, CAAM, JAMA)
Primary Respondents: Modified percentages (Tierman changed from 42/33/25 to 38/35/27; Designation changed from 35/28/37 to 32/31/37; Region changed from 35/27/30/8 to 33/29/31/7)
Market Sizing: Adapted for manufacturing metrics (vehicle production × bearing units) rather than procedure volumes