Automotive Bearing Seals Market Share

Automotive Bearing Seals Market Share

Some of the key manufacturers in the industry are

• SSP Manufacturing Inc.
• SKF Bearings
• The Timken Company
• JTEKT Corporation
• Clark Seals
• France Joint
• Ashutosh Rubber Pvt Ltd.
• Well Oil Seal Industrial Co., Ltd.
• NSK Ltd.
• C&U Group Company Limited.
   

The market is consolidated with the five major players accounting for more than three-fourths of the global industry. Major companies are engaged in partnerships with automotive vehicle manufacturers to gain a competitive edge over other companies. With the increasing demand for bearings in various automotive applications, many manufacturers are investing in these technologies to gain a competitive advantage. Manufacturers compete through product innovations and geographic expansion via mergers & acquisitions of smaller firms to expand their global presence.