Passenger Cars Bearing Market Projection 6.20% CAGR
According to TechSci Research report, “ Global Passenger Cars Bearing Market - Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028”, the Global Passenger Cars Bearing Market stood at USD 20 billion in 2022 and is anticipated to grow with a CAGR of 6.20% in the forecast period, 2024-2028. The global passenger car bearing market stands at a pivotal juncture, characterized by a dynamic interplay of various factors that are reshaping its landscape. One of the most pronounced trends is the surging demand for electric and hybrid vehicles, driven by environmental concerns and government incentives. These alternative powertrains necessitate specialized bearings capable of withstanding high torque and minimizing friction, thereby optimizing efficiency, and extending the lifespan of electric powertrains. Advanced materials, such as ceramics and hybrid bearings, are emerging to meet these requirements, presenting new opportunities and ...