• India Bearings Market is expected to cross over USD 4 billion benchmark by 2019

• Future Growth of India Bearings Industry is expected to be led by growth in Industrial production as well as demand from automobile sector.

• The market leader, SKF India is expected to maintain focus on Emerging Markets and towards strengthening of innovative products to compete with other players in the industry

Ken Research announced its latest publication on “India Bearings Market Outlook to 2019” which 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 bearing 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.

Bearings are extensively used in the rotating parts of virtually all machines, making precision in dimension key to performance. The surge in exports, incline in demand for passenger vehicles, two wheelers & four wheelers as well as elevation in number of heavy, general and other Industries has transpired the growth of bearings market of India. The government has already made clear its continuing focus on infrastructure from Power and Oil & Gas, Airports Roads and Ports. As per the planning commission’s estimates, the government has planned substantial investment in the 12th Five Year Plan which has been aggregated at about 1 trillion. This infrastructure spending will lead to growth in the manufacturing sector which in turn will have a positive impact on bearings industry.

The focus on renewable energy will further lead to increased demand for bearings in India as wind and water turbines require heavy usage of bearings to convert the kinetic energy into electricity. Government of India has played a dormant role in the development and building of bearings market in the country. However, with the establishment of new government, certain policies including ‘Make in India’ initiative, tax incentives, R&D incentives and others have proposed to encourage the bearings manufacturers as well as attract investments in the industry.

According to the research report, the India Bearings Market will grow at a considerable CAGR and will cross USD 4 billion benchmark by 2019 due to the Make in India Initiative, rising presence of multinational companies and rising automotive demand.

“The Indian Bearings Industry is well poised to achieve strong growth in coming years owing to rising domestic demand in the auto sector and in Industrial applications. Given decent extensive demand scenarios in the domestic market and with India evolving as a preferred low-cost sourcing destination, bearings manufacturers are likely to capitalize on the increasing production capacities and technological capabilities”, according to the Research Analyst, Ken Research.

Key Topics Covered in the Report:
Global Bearings Market
India Bearings Market
- Market Size by Production Volume and Revenues
- Market Segmentation by
o Market Structure
o End User Segment
o Type of Demand
o Type of Bearings
o Type of Roller Bearings
- Automobile Bearings Market
- Industrial Bearings Market
- Trends and Development
- SWOT
- Porter Five Forces
- Issues and Challenges
- Government Policies
- Company Profiles
- Future Outlook
- Macro Economic Parameters

Key Products Mentioned in the Report
Automobile Bearings
OEM Bearing Market
Aftermarket Bearings
Roller Bearing
Ball Bearing
Tapered Roller Bearing
Cylindrical Roller Bearing
Spherical Roller Bearing
Needle Roller Bearing
Thrust Roller Bearing
Industrial Bearings

Companies Covered in the Report
SKF India
FAG Bearings
NRB Bearings
Timken India
ABC Bearings
NBC Bearings
TATA Bearings

Keywords
Global Bearings Market Demand
India Bearings Market Size
Automobile Bearings Export Scenario
Industrial Bearings Price India
Market Share India Wall Bearings
India Roller Bearings Industry Outlook
India Ball Bearings Market Prospects
Organized Bearing Industry
OEM Aftermarket Industrial Bearing Industry
Export Import Scenario Bearing India
Price Analysis Bearing Roller Ball

Related Reports:
India Cargo Handling and Transport Industry Outlook to 2019 - Aided by Infrastructure Development
India Lubricants Industry Outlook to 2017 - Focus on Automotive Lubricants and Transforming Channel from Retail PSU's to Bazaar Trade
India Used Car Industry Outlook to 2018 - Shifting Focus of Key Automakers on Used Car Business

Source: https://www.kenresearch.com/mining-construction-infrastructure/manufacturing-industry/india-bearing-market-research-report/647-97.html

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Ken Research
Ankur Gupta, Head Marketing & Communications
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