Enhanced Wheel Diagnosis Technologies Influencing the North American Wheel Hubs and Bearings Replacement Aftermarket

Enhanced Wheel Diagnosis Technologies Influencing the North American Wheel Hubs and Bearings Replacement Aftermarket

WDs and Retailers Push Private Labels to Strengthen In-house Brand Name in the Wheel Hubs and Bearings Aftermarket

RELEASE DATE
25-Jan-2021
REGION
North America
Research Code: K564-01-00-00-00
SKU: AU02125-NA-MT_25210

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Description

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

RESEARCH: INFOGRAPHIC

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Table of Contents

Why Is It Increasingly Difficult to Grow?

The Strategic Imperative 8™

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™

Key Growth Metrics

Unit Shipment and Revenue Forecast

Scope of Analysis

Definitions

VIO Forecast by Vehicle Age

VIO Forecast by Country

Annual Vehicle Miles Traveled Forecast

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—Private Labeling in the Class 1–3 Wheel Hubs and Bearings Market

Growth Opportunity—Private Labeling in the Class 1–3 Wheel Hubs and Bearings Market (continued)

Unit Shipment and Revenue Forecast

Percent of Revenue by Distribution Channel

Competitive Analysis—Market Share

Unit Shipment and Revenue Forecast

Percent of Revenue by Distribution Channel

Competitive Analysis—Market Share

Brand Positioning—All Channels

Supplier Benchmarking

DRIV Incorporated

The Timken Company

Dorman Products

AcDelco

Fenner Drives Inc.

AB SKF

The Last Word—3 Big Predictions

Your Next Steps

Why Frost, Why Now?

List of Exhibits

List of Exhibits (continued)

Legal Disclaimer

Related Research
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 59%–63% in 2019. DRIV Inc., The Timken Company, Dorman, AcDelco, SKF, and Schaeffler are the major players in the class 1-3 wheel hubs and bearings aftermarket in the United States and Canada.--BEGIN PROMO--

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
More Information
No Index No
Podcast No
Author Guruswamy Veligandla
Industries Automotive
WIP Number K564-01-00-00-00
Is Prebook No
GPS Codes 9800-A6,9801-A6