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The global automotive bearings market size is expected to grow USD 48.1 billion by 2027 from USD 34.1 billion in 2021, at a CAGR of 5.9% from 2021 to 2027. Bearings are mechanical devices that reduce friction between rotating equipment. In a traditional hatchback, an average number of 60 bearings are fitted, while there is an increase in bearing in the case of sedans and SUVs. Moreover, bearings add significant weight to the vehicle; as a result, OEMs are working continually toward building lighter units.

Sample and data collection. Empirical Design and Results. Conclusion. 3. Motivation ... stronger political influence that harms a firm's value (Qi, Wu and Zhang, 2000) ...