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Passenger Car Bearing & Clutch Component Aftermarket to Reach USD 15,513.6 Million by 2034, with a CAGR of 5.2% | Future Market Insights, Inc. [Yahoo! Finance]

Timken Company (The) (TKR) 
Last timken company (the) earnings: 5/1 06:51 am Check Earnings Report
US:NYSE Investor Relations: investors.timken.com
Company Research Source: Yahoo! Finance
NEWARK, DE / ACCESSWIRE / October 8, 2024 / The global passenger car bearing and clutch component aftermarket is projected to reach a market size of USD 9,341.1 million by 2024. Steady growth is anticipated, with overall demand expected to rise at a CAGR of 5.2%. By 2034, the total market value is predicted to reach USD 15,513.6 million. Clutch kit components are expected to see strong demand throughout the forecast period. According to the latest report, this segment is likely to grow at a CAGR of 4.7% from 2024 to 2034, highlighting its importance within the aftermarket industry. Understanding the Passenger Car Bearing and Clutch Component Aftermarket The passenger car bearing and clutch component aftermarket is projected to experience steady growth in the coming years. By 2024, the market is expected to reach USD 9,341.1 million, driven by increasing demand for replacement parts and the need for vehicle maintenance. This aftermarket sector plays a crucial role in ensuring th Show less Read more
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