India Bearings Market Outlook to 2019 - Demand Driven by Growth in Automotive Sector and Make in India Initiative
Resource from: MENAFN Press Likes:173
Jun 08,2015
India Bearings Market Report(MENAFN Press) 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.
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
Source: https://www.kenresearch.com/mining-construction-infrastructure/manufacturing-industry/india-bearing-market-research-report/647-97.html
Contact
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
91-9015378249
(MENAFN Press)
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1.The news above mentioned with detailed source are from internet.We are trying our best to assure they are accurate ,timely and safe so as to let bearing users and sellers read more related info.However, it doesn't mean we agree with any point of view referred in above contents and we are not responsible for the authenticity. If you want to publish the news,please note the source and you will be legally responsible for the news published.
2.All news edited and translated by us are specially noted the source"CBCC".
3.For investors,please be cautious for all news.We don't bear any damage brought by late and inaccurate news.
4.If the news we published involves copyright of yours,just let us know.
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