India Bearings Market
Outlook to 2019 - Demand Driven by Growth in Automotive Sector and Make in
India Initiative provides a comprehensive analysis of the bearings market in India. The report comprehensively covers the market size of bearings in
India along with comparative analysis of Global bearings market, segmentation
on the basis of market structure, end user segment, type of demand, type of
bearings and type of roller bearings. The market for automobile and industrial
bearings has been clearly explained in the report. The report also highlights
growth drivers for bearings market, trends and developments, SWOT Analysis,
Porter Five Forces as well as Major deals and alliances in bearings market. The
report also highlights the detailed cost benefit analysis for operating a
bearings plant in India. The competitive landscape in bearings market alleged
with market share of major players as well as detailed company profiles for
major players has been covered. Future analysis of the industry along with its
various market segments is provided on the basis of revenues over the next five
years.
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| India Bearings Market |
The demand for bearings is largely dynamic because the
industry is closely linked to global GDP trends owing to its extensive
applications in production and engineering industries across the world. The
global bearings industry was worth USD ~ billion during 2014. Several main
industrial sectors and user segments are expected to push the production of
industrial equipment and automotives, leading to an increase in demand for
railway equipment, electronics, aircraft and motorcycles in the developing
countries.
The bearings industry in India has been heavily dependent
upon imports as the major players are global entities which import majority of
products from their global manufacturing units located abroad. India is largely
regarded amongst the fastest growing market for bearings in the world which has
ultimately led to a number of multinational companies emerge the Indian markets
such as Timken and FAG bearings. The Indian bearings Industry in present is
quite bullish with excellent growth prospects, owing to spurt in growth of
automobile and industrial sector which has given substantial rise to the demand
for bearings. The revenues engendered by bearings market of India has showcased
a rising trend during the period FY’2009-FY’2014, In FY’2014, the market size
of bearings industry in India was mounted at USD ~ million which grew by ~%
over FY’2013.
The trend was juxtaposed by CAGR which has elevated at a
promising rate of ~% across the period FY’2009-FY’2014. The Indian bearings industry is majorly organized with only a small portion of the entire market
pertaining to the unorganized segment. The unorganized sector includes small,
local bearings manufacturers that primarily cater to the aftermarket or
replacement segment of the industry. During FY’2014, the demand for bearings
has been majorly originated through Industrial sector which has commanded a
revenues share of ~% during the year. The OEM demand was high during FY’2014
with ~% of the bearings market revenues engendered through this segment. The
share of OEM has increased to ~% during FY’2009 owing to the rapid
industrialization in India and the revival of automobile sales in the country.
The India organized bearings market is dominated by global
players with top 3 players controlling more than ~% of the market. SKF India,
the world‘s leading bearing producer is the leading bearings manufacturer in
the India bearings market on the basis of revenue on FY’2014.
The revenue projections for the bearings market in India
anticipates that the market is estimated to grow at a CAGR of 19.8% over
FY’2015-FY’2019 owing to the stable economic growth in the forthcoming years
and the support from government. The ‘Make in India’ initiative launched by the
newly formed government is expected to be the catalyst for inclining
manufacturing activities in the country which will increase the bearings
consumption in the forthcoming years.
Key Topics Covered in the Report:
·
The market size
of the Global and Indian Bearings Market
·
Market
segmentation of Indian Bearings Market on the basis of type of demand, market
structure, end user segment, type of bearings, type of roller bearings and
others.
·
The market size
of the India Automobile and Industrial Bearings Market.
·
Trends and
Development in the India Bearings Market
·
SWOT Analysis of
India Bearings Market
·
Porter Five
Forces Analysis of India Bearings Market
·
Growth Drivers
for the India Bearings Market
·
Issues and
Challenges for India Bearings Market
·
Detailed company
profiles and Market Share for the India Bearings Manufacturers
·
Investment Model
to Set up Bearings Plant in India
·
Future outlook
and projections of the India Bearings Market with Analyst Recommendations
·
Macroeconomic
Indicators Affecting the India Bearings Market
Contact
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249
