Insight by Abdul Wasay, Chief Operating Officer at The Business Research Company
In response to fluctuating tariffs and geopolitical trade developments, the Wheel Hub Assembly Market Outlook 2025 analyses how businesses are adapting through supply chain diversification and strategic sourcing.
What Is the Forecasted Market Size and CAGR for the Wheel Hub Assembly Market?
The Wheel Hub Assembly Global Market experienced a significant surge in recent years. The market size is expected to increase from $5.53 billion in 2024 to $6.11 billion in 2025, growing at a Compound Annual Growth Rate (CAGR) of 10.6%.
What Is the Forecasted CAGR for the Wheel Hub Assembly Market by 2029?
The Wheel Hub Assembly Global Market is anticipated to expand to a size of $8.86 billion by the year 2029. The market is also expected to grow at a compound annual growth rate (CAGR) of 9.7%.
Download the Free Sample Now:
What Are the Market Drivers in the Wheel Hub Assembly Industry?
The key drivers in the wheel hub assembly market are:
• Electrification of vehicles driving demand for compatible wheel hub assemblies
• Advancements in materials and manufacturing techniques enhancing product quality
• Development of autonomous vehicles pushing innovation in wheel hub assembly design
• E-commerce rise in the automotive aftermarket creating more accessibility and demand for wheel hub assemblies
What Is the Segment-Wise Breakdown of the Wheel Hub Assembly Market?
The wheel hub assembly market covered in this report is segmented –
1) By Bearing Type: Ball Bearings, Roller Bearings, Angular Contact Bearings
2) By Material: Aluminum Alloy, Carbon Steel, Stainless Steel
3) By Technology: Wheel Motor Hub Assembly, Sensor Embedded Wheel Hub Assembly, Splined Wheel Hub Assembly
4) By Sales Channel: Original Equipment Manufacturer (OEM), After market
5) By Application: Passenger Vehicle, Commercial Vehicle, Heavy-Duty Vehicle
Explore the Complete Market Report:
Which Emerging Trends Are Driving Growth in the Wheel Hub Assembly Sector?
The key trends in the wheel hub assembly market are:
• The transition towards electrification of vehicles is a crucial emerging trend.
• The industry is being shaped by advanced materials and manufacturing techniques.
• The development of autonomous vehicles is a significant trend influencing the market.
• There is a growing emphasis on sustainability in the industry.
Which Companies Are Dominating the Wheel Hub Assembly Market in Terms of Revenue?
Major players in the wheel hub assembly market are:
• Compagnie de Saint-Gobain S.A.
• Aisin Seiki Co. Ltd.
• Schaeffler Technologies AG & Co. KG
• AB SKF
• NSK Ltd.
• Federal-Mogul Corporation
• GKN Automotive
• HL Mando Corporation
• The Timken Company
• JTEKT Corporation
• Nachi-Fujikoshi Corp.
• Wafangdian Bearing Group Co. Ltd.
• ILJIN Holdings Co. Ltd.
• RBC Bearings Incorporated
• Maxion Wheels U.S.A. LLC
• NTN Corporation
• GMB Corporation
• Xiangyang Automobile Bearing Co. Ltd.
• Barden Corporation
• Nachi America Inc.
• Mevotech LP
• Jiangsu Nanfang Bearing Co. Ltd.
• Fersa Bearings S.A.
• Wanxiang Group Corporation
• C&U Company Limited
What Are the Regions Driving Demand in the Wheel Hub Assembly Market?
Asia-Pacific was the largest region in the wheel hub assembly market in 2024
