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(USGovernment-News.Com, February 13, 2019 ) Netscribes’ latest market research report titled Automotive Bearings Market in India 2017 states that the market for automotive bearings in India is expected to expand at a CAGR of 13.1% over 2015-2022. Growing exports have encouraged domestic players to manufacture automobiles for meeting the requirements of global customers. This, in turn, is expected to support the growth of automotive bearings market in India. Moreover, the technological advancements in the automobile sector have resulted in increased demand for ceramic ball bearings from both OEM as well as replacement market. OEM segment accounts for 65% of the demand in the overall market and the rest comes from replacement segment. Introduction of electro-mechanical features and advanced sensor units have also increased the demand for automotive bearings in the country.
In 2017, the gradual increase in primary raw material prices resulted in an increase in input costs thereby leading to increased prices at the customers’ end. The counterfeit products have negatively impacted the automotive bearings market. The major competitors in the market, such as ABC Bearings Ltd., FAG Bearings Ltd., SKF Bearings, Timken India Ltd. faces intense competition from each other. SKF India Ltd. is the largest bearing manufacturer with a market share of 28.7% followed by FAG Bearings India Ltd., which holds 19.9% of the share.
Socioeconomic Indicators Slide 2: Total Population (2010-2011 – 2019-2020), Population Density (2010-2011 – 2019-2020) Slide 3: Sex Ratio (2005, 2010, 2015, 2020), Population by Age Group (2005, 2010, 2015, 2020), Urbanization Trend (2010-2011 – 2019-2020) Slide 4: Total Fertility Rate (2005-2010, 2010-2015, 2015-2020), Infant Mortality Rate (2005-2010, 2010-2015, 2015-2020), Total Number of Births (2005-2010, 2010-2015, 2015-2020), Total Number of Death (2005-2010, 2010-2015, 2015-2020) Slide 5: Total Literacy Rate (2001, 2011), Rural Literacy (2001, 2011), Urban Literacy (2001, 2011) Slide 6: GDP at Market Prices (2010-2014), FDI (2010-2014), Inflation Rate (2010-2014), Unemployment Rate (2010-2014) Slide 7: Access to Safe Drinking Water (2001, 2011), Exchange Rate (2010-2015)
Market Overview Slide 8: Market Definition & Structure Slide 9: Automotive Bearings Market in India – Market Overview, Size and Growth (FY 2015 – FY 2022e) Slide 10: Market Segmentation – Automotive Bearings Production Split (FY 2016), Automotive Bearings Revenue Split (FY 2016) and Player-wise Split (FY 2015) Slide 11: Porter’s Five Forces Analysis
Trade Analysis Slide 12: Export of Ball or Roller Bearings – Size (Value-Wise; FY 2013 – FY 2017) and Country-Wise Segmentation (Value-Wise; FY 2016 and FY 2017) Slide 13: Import of Ball or Roller Bearings – Size (Value-Wise; FY 2013 – FY 2017) and Country-Wise Segmentation (Value-Wise; FY 2016 and FY 2017)
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