6wresearch logo
6wresearch discount on market reports

India automotive bearing market set to bounce back

July 09, 2015

India's automotive sector is set to revive back after sluggish demand during the period 2012-14, according to a report.

The increasing consumer confidence and recovery of the economy has pushed the market towards positive growth, with a similar trend expected in automotive bearing market, where market would grow over the next six years, it said.

According to 6Wresearch, 'India Automotive Bearing Market' is projected to reach $1.2 billion by 2021.

In India's automotive bearing market, ball bearing segment captured key share of the market last year and is anticipated to maintain its market dominance through the forecast period owing to demand from two wheeler and passenger vehicle segments.

Akash Shukla, research associate, Research and Consulting, 6Wresearch, said that with the launch of 'Make in India' campaign domestic production of automotive vehicles is expected to increase in the forecast period.

The initiatives would drive various international players to expand and establish their manufacturing facilities in the country.

Further, opportunities to export the vehicles in the international market would fuel the market for automotive bearing in the country.

In India's automotive bearing market, two-wheeler and four-wheeler vehicle segments have captured lion's share of the market pie, where original equipment manufacturer (OEM) market has contributed for significant demand.

On the other hand, aftermarket is spurred by counterfeit bearings which are much cheaper and are of lower quality.

Among all regions, northern, southern and western regions generated majority of the market revenues owing to presence of automotive vehicle manufacturing facilities and large existing vehicle base.

Over the next six years, the market for northern and western region is exhibited to grow at relatively higher growth rate than others.

The market is highly consolidated with top six players cumulatively accounting for more than 80 per cent of revenue share last year.

The key companies in India's automotive bearing market are SKF India, FAG, INA, ABC Bearing, NRB Bearing, NEI, Tata Bearing, Timken and Austin Engineering. - TradeArabia News Service

Media Source: TRADE ARABIA

      Browse More Report

India Edge Server Market (2018-2024)

Market Forecast By Types (Rack Server, Blade Server and Tower Server), By Topologies (Consolidated Edge Topology and Single Site Edge Topology), By Edge Services (Access Edge Service, A/V Edge Service and Web Conferencing Edge Service), By End User Verticals (BFSI, Government, Telecommunication, Commercial Offices & IT/ITes and Others...

Read More

UAE Commercial Vehicle Telematics Market (2018-2024)

Market Forecast By Vendor Types (OEM and Aftermarket), By Sectors (Construction & Infrastructure, Logistics, Government & Infrastructure, Transportation and Others), By Commercial Vehicle Types (Light Duty Commercial Vehicle...

Read More

Saudi Arabia Pillow Market (2018-2024)

Market Forecast By Types (Microfiber, Down & Feather, Foam & Memory Foam and Others), By Applications (Residential and Commercial), By Regions (Central, Western, Eastern and Southern), By Distribution Channels (Hyper Markets & Super Markets, Specialist Retailers and Others...

Read More

Middle East Fire Safety Systems and Equipment Market (2018-2024)

By Types (Fire Fighting Systems and Equipment (Fire Extinguishers (CO2, Dry Chemical, Clean Agent, Foam Fire, Wet Chemical and Water), Fire Suppression Systems (Inert Agent, Halocarbon Agent, Carbon Dioxide, Wet Chemical Fire and Dry Chemical), Fire Sprinkler Systems...

Read More

Saudi Arabia Cable Tray Market (2018-2024)

Market Forecast By Materials (Aluminum, Steel and Stainless Steel), By Types (Ladder, Solid Bottom, Trough & Perforated, Channel, Wire Mesh and Single Rail), By Applications (Power Utilities, Construction, Industrial and Others), By Regions...

Read More

UAE Augmented and Virtual Reality Market (2017-2023)

Market Forecast By Type (Head Mounted Display, Head-Up Display, Smart Glass and Mobile Devices), By Verticals (Entertainment, Commercial, Automotive and Others), By Regions (Northern Emirates and Southern Emirates) and Competitive Landscape

Read More

Europe Lithium Ion Battery Market (2018-2024)

Market Forecast By Power Capacities (5-25 Wh, 48-95 Wh, 15-99 KWh, 100-250 KWh and Above 300 KWh), By Components (Cathode, Anode, Electrolytic Solution and Others), By Materials (Lithium Cobalt Oxide, Lithium Manganese Oxide, Lithium Iron Phosphate and Others...

Read More

India Air Purifier Market (2018-2024)

Market Forecast By Segments (Car and Room), By Types (Type I: HEPA + Carbon, Type II: HEPA + Carbon + Ionizer, Type III: HEPA + Carbon+ UV, Type IV: HEPA + Carbon + Electrostatic, Type V: HEPA + Carbon + Ionizer+ UV + Electrostatic and Type VI: Other Technologies...

Read More

Saudi Arabia Road Assistance and Vehicle Service Market (2018-2024)

Market Forecast By Package Type (Basic Package and Custom Package), By Regions (Central Region, Northern Region, Western Region and Southern Region) and Competitive Landscape

Read More


Our Key Clients
6wreserach client list


6Wresearch Events
6wreserach events