Bryan Blair

Michael Shlisky

Kyle Menges

Michael Feniger

Stephen Volkmann

Steve Barger

Christopher Dankert

Angel Castillo

Rob Wertheimer

Tim Thein

David Raso

Joseph Ritchie

Timothy Thein

Angel Castillo Malpica

Stefan Diaz

- The global automotive bearing market for **EVs** is projected to grow from **$5.81 billion in 2025 to $12.82 billion by 2032**, at a **CAGR of 11.97%**, while the market for **ICE** vehicles is projected to grow from **$31.02 billion in 2025 to $31.72 billion by 2032**, at a **CAGR of 0.32%**.  **[98362_8a1aa05e8f304fa5b860ab9f0b3041da_0]** 
- The **heavy commercial vehicles segment** is projected to exhibit the highest growth, and the **BEV segment** is expected to account for a significant share during the forecast period.  **[98362_8a1aa05e8f304fa5b860ab9f0b3041da_0]** **[98362_8a1aa05e8f304fa5b860ab9f0b3041da_1]** 
- The **US is projected to account for the largest share of the North American market**, driven by stringent regulations, strong SUV and pickup sales, and incentives for electric mobility.  **[98362_8a1aa05e8f304fa5b860ab9f0b3041da_2]** 
- Key players in the automotive bearing market include **The Timken Company, AB SKF, Schaeffler AG, JTEKT Corporation, NSK Ltd., and NTN Corporation**.  **[98362_8a1aa05e8f304fa5b860ab9f0b3041da_2]**

Timken: Automotive Bearing Market for EVs Projected to Reach $12.82 Billion by 2032

TIMKEN (TKR)