Market Share of North America Automotive Bearing Industry
The North American Automotive bearings market is dominated by several key players such as NTN Bearings, SKF, JTEKT Corporation, NSK Ltd, Myonic GmbH, and many others. To have an edge over their competitors' companies are making joint ventures, partnerships, and launching new products with advanced technology. For instance,
- In October 2021, JTEKT Corporation merged with three subsidiaries that manufacture and sell bearings. Through this merger, the company aims to streamline the group structure, collect the technologies owned by the three companies, and expand the business domain to the processing of automobile parts. Utsunomiya Kiki Co., Ltd., Nippon Needle Roller Manufacturing Co., Ltd., and Tokyo Seiko (Hamura City, Tokyo) will be merged, and the company name will be changed to JTEKT FINETECH Co., Ltd.
- In July 2021, JTEKT Corporation invested an amount of USD 47 million for an expansion of the manufacturing facility in Mexico.
North America Automotive Bearing Market Leaders
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NSK Bearings
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Jtekt Corporation
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NTN Bearings
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SKF
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Myonic GmbH
*Disclaimer: Major Players sorted in no particular order
