India Bearings Market Outlook to 2019 - Demand Driven by Growth in Automotive Sector and Make in India Initiative
Region:Asia
Product Code:KR321
May 2015
132
About the Report
The industry research report titled “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
Products
Companies
Table of Contents
1.Global Bearings Market Introduction
1.1.Global Bearings Market, CY’2009-CY’2019
1.2.Global Bearings Market Segmentation
1.2.1.By Region (Americas, Asia, Europe), CY’2014
1.2.2.By Industry (Industrial, Automotive, Aftermarket), CY’2014
1.3.Market Share of Major Players in Global Bearings Market, CY’2014
1.4.Value Chain of Bearings Industry
2.India Bearings Market Introduction
2.1.India Bearings Market Size, FY’2009-FY’2014
2.1.1.By Revenues, FY’2009-FY’2014
2.1.2.By Production Volume, FY’2009-FY’2014
2.2.India Bearings Market Segmentation
2.2.1.By Market Structure (Organized, Unorganized, Imports), FY’2009 and FY’2014
2.2.2.By User Segment (Industrial, Automotive), FY’2009, FY’2014
2.2.3.By Type of Demand (OEM and Aftermarket), FY’2009, FY’2014
2.2.4.By Type of Bearings (Roller and Ball), FY’2014
2.2.5.By Type of Roller Bearings (Tapered, Cylindrical, Spherical, Needle, Thrust), FY’2014
3.India Industrial Bearings Market Introduction and Size, FY’2009-FY’2014
3.1.India Industrial Bearings Market Segmentation
3.1.1.By OEM and AfterMarket Demand, FY’2014
3.1.2.By Type of Industry (General Engineering, Heavy Industries, Electrical Equipment), FY’2009, FY’2014
3.2.India Industrial Bearings Market Future Outlook and Projections, FY’2015-FY’2019
4.India Automobile Bearings Market Introduction
4.1.India Automobile Bearings Market Size by Revenues, FY’2009-FY’2014
4.2.India Automobile Bearings Market Segmentation by Type of Demand, Fy’2014
4.3.India Automobile Bearings Market Future Outlook and Projections, FY’2015-FY’2019
5.India Bearings Market Export and Import Scenario
5.1.Exports Value and Volume, FY’2009-FY’2014
5.1.1.Major Export Destinations, FY’2009-FY’2014
5.2.Imports Demand and Value, FY’2009-FY’2014
5.2.1.Major Import Destinations, FY’2009-FY’2014
6.Growth Drivers for India Bearings Market
Growth in Automobile Sales
Surge in Industrial Production
Inclining GDP Growth Rates
Stable Core Sector Growth
Expansion of Railways in the Country
Buoyancy in Government Support
Strengthening of R&D facilities
7.Issues and Challenges In India Bearings Market
Rise of Counterfeit Products
Scenario of Monopolistic Competition
Consistent Growth in Steel Prices
High Dependence on Imports
8.SWOT Analysis for India Bearings Industry
9.Porter Analysis and Entry Barriers in India Bearings Industry
Measures to Overcome Porter’s Five Forces-
Entry Barriers in Indian Bearings Industry
10.Investment Model for Starting a Roller Bearing Plant in India
11.Snapshot on Bearings Refurbishment Market
12.Major Deals, Alliances and New Players in the India Bearings Market
China’ ZWZ Forays in the Indian Bearings Market
Minebea Enters the Indian Bearings Market
13.Trends and Developments in India Bearings Industry
Rising Share of Imports in the India Bearings Industry
Rise in Demand from Alternative Sources of Energy
Focus on Manufacturing in India
Inclining Share of OEM
Shift towards Automotive from Industrial Sector
Increase in R&D Spending
14.Market Share of Major Players in India Organized Bearing Industry, FY’2014
15.Company Profiles of Major Players in India Bearings Industry
15.1.SKF India
15.1.1.Business Overview
15.1.2.Financial Performance, FY’2010-FY’2014
15.2.FAG Bearings
15.2.1.Business Overview
15.2.2.Financial Performance, FY’2010-FY’2014
15.3.NRB Bearings
15.3.1.Business Overview
15.3.2.Financial Performance, FY’2010-FY’2014
15.4.Timken India
15.4.1.Business Overview
15.4.2.Financial Performance, FY’2010-FY’2014
15.5.ABC Bearings
15.5.1.Business Overview
15.5.2.Financial Performance, FY’2010-FY’2014
15.6.NBC Bearings
15.6.1.Business Overview
15.6.2.Financial Performance, FY’2010-fy’2014
15.7.Tata Bearings
15.7.1.Business Overview
15.7.2.Financial Performance, FY’2010-FY’2014
16.India Bearings Market Future Outlook and Projections, FY’2015-FY’2019
16.1.Cause and Effect Relationship between Industry Factor and India Bearing Market Prospects
17.Macro Economic Factors Affecting Bearings Market in India
17.1.India Automobile Production, FY’2009-FY’2014
17.2.India GDP Growth, FY’2009-FY’2019
17.3.Index of Industrial Production, FY’2009-FY’2019
17.4.India Steel Production, CY’2009-CY’2019
18.Analyst Recommendation
International Players in the India Bearings Market
Domestic Players in the India Bearings Market
Government’s Role in the India Bearings Market
19.Appendix
19.1.Market Definitions
19.2.Abbreviations
19.3.Research Methodology
Data Collection Methods
Approach
Variables (Dependent and Independent)
Final Conclusion
19.4.Disclaimer
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