North American Wheel Hubs and Bearings Replacement Aftermarket Report 2021-2026 - WDs and Retailers Push Private Labels to Strengthen In-house Brand Name in the Wheel Hubs and Bearings Aftermarket

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Aug 27, 2021, 13:45 ET

DUBLIN, Aug. 27, 2021 /PRNewswire/ -- The "Enhanced Wheel Diagnosis Technologies Influencing the North American Wheel Hubs and Bearings Replacement Aftermarket" report has been added to ResearchAndMarkets.com's offering.

This research service analyzes the volume and value of class 1-3 vehicle hubs and bearings aftermarket in the United States and Canada. It discusses unit shipment, revenue, average price, distribution channel share, and major participants for wheel hub assemblies and for bearing units. The base year for this analysis is 2019, and the forecast period is from 2020 to 2026.

The overall aftermarket is broadly classified into wheel hub assemblies and bearing sets for class 1-3 vehicles. The demand for wheel hub assemblies and bearings aftermarket is expected to grow at a CAGR of 1.0% CAGR until 2026. Unit shipment is driven by the increase in vehicles in operation (VIO) and the incremental miles traveled by vehicles. Owing to the increase in average price per unit, revenue is expected to grow at a faster rate than unit shipment.

The market for class 1-3 wheel hubs and bearings is primarily dominated by hub assembly unit shipment and revenue. Hub assemblies held a revenue share of approximately 87% in 2019. Though COVID-19 affected revenue in 2019, growth is expected to become steady by the end of 2021.OES, warehouse distributors, and retailers are the key channel stakeholder that together held a revenue share of 97% across product segments.

The uptake of third-generation wheel hub assemblies in VIO is adding additional integrated vehicle speed sensors/ABS sensors, which will increase the average manufacturing-level prices of class 1-3 wheel hub assemblies and bearings sets. The penetration of low frictional torque (LFT) bearings in new-generation bearings will increase the product life of wheel hubs and bearings.

The top 3 participants in the starters and alternators aftermarket held a revenue share of 52%-55% in 2019. DRIV Inc., The Timken Company, Dorman, Fenner Drives, AcDelco, SKF, and Schaeffler are the major players in the class 1-3 wheel hubs and bearings aftermarket in the United States and Canada.

Key Issues Addressed

Total Class 1-3 wheel hubs and bearings aftermarket by product type
Total Class 1-3 wheel hubs and bearings aftermarket revenue by product type
Average Class 1-3 wheel hubs and bearings aftermarket components pricing at manufacturer level by product type
Average Class 1-3 wheel hubs and bearings aftermarket retail pricing analysis for wheel hubs and bearings
Total Class 1-3 wheel hubs and bearings aftermarket distribution channel revenue analysis by product type
Total Class 1-3 wheel hubs and bearings aftermarket components major suppliers market revenue share by product type

Key Topics Covered:

Strategic Imperatives

Why Is It Increasingly Difficult to Grow?
The Strategic Imperative
The Impact of the Top Three Strategic Imperatives on Class 1-3 Wheel Hubs and Bearings Aftermarket Industry
Growth Opportunities Fuel the Growth Pipeline Engine

Executive Summary

Key Growth Metrics
Unit Shipment and Revenue Forecast

Research Scope

Scope of Analysis
Definitions
VIO Forecast by Vehicle Age
VIO Forecast by Country
Annual Vehicle Miles Traveled Forecast

Market Forecasts and Trends-overall

Replacement Rate Trend
Unit Shipment and Revenue Forecast
Unit Shipment Forecast by Component Type
Revenue Forecast by Component Type
Unit and Revenue Forecast-Analysis
Overall Pricing Analysis
Overall Pricing Analysis (continued)
Percent of Revenue by Distribution Channel
Competitive Analysis-Market Share
CASE Impact on Wheel Hubs & Bearings Market-2026

Growth Opportunity Universe

Growth Opportunity-Private Labeling in the Class 1-3 Wheel Hubs and Bearings Market

Class 1-3 Wheel Hub Assembly Aftermarket

Unit Shipment and Revenue Forecast
Percent of Revenue by Distribution Channel
Competitive Analysis-Market Share

Class 1-3 Wheel Bearing Set Aftermarket

Unit Shipment and Revenue Forecast
Percent of Revenue by Distribution Channel
Competitive Analysis-Market Share

Distribution Analysis

Brand Positioning-All Channels

Competitive Analysis

Supplier Benchmarking
DRIV Incorporated
The Timken Company
Dorman Products
AcDelco
Fenner Drives Inc.
AB SKF

For more information about this report visit https://www.researchandmarkets.com/r/xthcgc

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