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Automotive Bearing Market by Bearing type, Application, Region

Automotive Bearing Market report categorizes the global market by Vehicle type (PC, LCV, HCV and Two-wheelers), Bearing type (Ball bearing, Roller bearing and others), Application, & by Region.

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Automotive Bearing Market by Bearing type, Application, Region

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  1. MarketsandMarkets Presents Automotive Bearing Market worth 186.4 Billion USD by 2020

  2. The report “Automotive Bearing Market by Bearing type (Ball bearing, Roller bearing and others), Application, Vehicle type (PC, LCV, HCV and Two-wheelers), Region, and by Aftermarket (Region, Vehicle type and Application) - Trends & Forecasts to 2020”  This report classifies and defines the Global Bearing market in terms of volume & value. This report provides comprehensive analysis and insights on the global bearing market for both - qualitative and quantitative. It also highlights the potential growth opportunities in the coming years, as well as it covers review of the - market drivers, restraints, growth indicators, challenges, legislation trends, market dynamics, competitive landscape, and other key aspects related with global bearing market. This report also has a section on off-highway vehicle bearing market outlook and what steps are taken by the bearing manufacturers and associations to counter their counterfeit market. • Browse • 88 market data tables • 70 figures • 182 pages and in-depth TOC on “Automotive Bearing Market”. • You can speak to our analyst@ • http://www.marketsandmarkets.com/speaktoanalyst.asp?id=105500470

  3. Source: MarketsandMarkets Analysis Global Bearing Market, by Region, 2015 vs. 2020 ($Billion) Source: MarketsandMarketsAnalysis

  4. This report classifies and defines the global bearing market in terms of volume & value. This report provides comprehensive analysis and insights on the global bearing market for both - qualitative and quantitative. It highlights the potential growth opportunities in the coming years as well as it covers review of the - market drivers, restraints, growth indicators, challenges, legislation trends, market dynamics, competitive landscape, and other key aspects related to the global bearing market. This report also has a section on off-highway vehicle bearing market outlook and what steps are taken by the bearing manufacturers and associations to counter their counterfeit market. Bearings are used in vehicle types; passenger cars, light commercial vehicles, heavy commercial vehicles, and two-wheelers. Bearings are used for a variety of automotive applications that include wheel hub, interior, engine, and transmission system. The major factors driving the market are increasing production of vehicles, increasing demand from the developing countries, and increasing demand for technologically advanced solutions. The global automotive bearing market, in terms of value, is projected to grow at 186.4 Billion USD and CAGR of 5.8% from 2015 to 2020 In the coming years, the demands for automotive bearings are estimated to rise in the countries of Asia-Pacific, mainly in China, India, and Japan. Moreover with 1/3rd of the world population in countries of China and India, the demand for vehicles especially passenger cars and two-wheelers are also on the rise, which in turn increases the demand for automotive bearings in these countries. In matured markets like Europe and North America, it is estimated to have a steady growth for automotive bearings. Developing countries like Brazil and South Africa are projected to have a high growth rate.

  5. The automotive industry in Asia-Pacific region is on positive growth trend, the automobile production has witnessed a CAGR of 7.94% from 2008 to 2013. This market is more livelier than the matured Europe and North America due to the cost advantage and substantial population. The region has emerged as a hub for automotive production, OEMs, and suppliers have set up production facilities to cater to the growing demand of the market, which in turn has propelled the demand for automotives in this region. In the countries like China and India provides an encouraging government policies favouring automotive industry. The new government in India has come up with the MAKE IN INDIA campaign which allows 100% FDI in the auto sector which is a boost for the foreign as well as the local automotive manufactures.  OEMs in this region are not only catering to their local demands, but are also serving developed markets as well through exports. This helps them to remain globally competitive. The European automotive industry is a mature industry. The region is home for many dominant OEMs in automotive sector such as BMW AG, Daimler AG, Fiat and PSA/Peugeot-Citroen, and Volkswagen Group. Europe has witnessed a slump in production owing to the economic debt crisis and increasing competition from emerging markets such as Asia-Oceania and RoW. The European market is recovering from crisis which has led to the growth in the production levels of passenger cars, light commercial vehicles, and heavy commercial vehicles, which is creating a demand for bearings in this region. Following are few major companies which are into manufacturing of automotive bearings: Timken Co. (U.S.), SKF (Sweden), Shaeffler AG (Germany), JTEKT Corp. (Japan), and NTN Corp. (Japan). Scope of the Report: The report covers the bearing market in terms of volume & value. The market size in terms of volume is provided from 2013 to 2020 in units, whereas the value of the market is provided in $million. The global automotive bearing market is broadly classified by geography (Asia-Pacific, Europe, North America, and RoW), by vehicle type (PC, LCV, HCV & Two-Wheelers), by bearing type (Roller bearing, Ball bearing and others), by Aftermarket (by region, by vehicle type and by application).

  6. Contact Us Contact:Mr. RohanMarkets and Markets UNIT no 802, Tower no. 7, SEZMagarpatta city, HadapsarPune, Maharashtra 411013, India1-888-600-6441Email: sales@marketsandmarkets.com http://www.linkedin.com/company/marketsandmarkets

  7. About MarketsandMarkets MarketsandMarkets is a global market research and consulting company based in the U.S. We publish strategically analyzed market research reports and serve as a business intelligence partner to Fortune 500 companies across the world. MarketsandMarkets also provides multi-client reports, company profiles, databases, and custom research services. They cover thirteen industry verticals, including advanced materials, automotives and transportation, banking and financial services, biotechnology, chemicals, consumer goods, energy and power, food and beverages, industrial automation, medical devices, pharmaceuticals, semiconductor and electronics, and telecommunications and IT. We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

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