Automotive Bearing Market for EVs to Reach USD 12.8 Billion by 2032
Electric-vehicle propulsion and drivetrain architectures are rapidly evolving, and the automotive bearing market for EVs is emerging as a key battleground for suppliers and OEMs. According to a recent study by MarketsandMarkets, the market is valued at around USD 5.81 billion in 2025 and is projected to reach USD 12.82 billion by 2032 (CAGR ~11.97 %) for EV applications.
One of the driving forces...
Electric Vehicle Market to Surpass $620.33 Billion by 2030
The global electric vehicle (EV) market is projected to grow from USD 396.49 billion in 2024 to USD 620.33 billion by 2030 at a CAGR of 7.7%. Many factors are collectively driving the electric vehicle market. The most important of these is the reduction of the total cost of ownership through lower fuel and maintenance costs than traditional internal combustion engine (ICE) vehicles. The energy density...