MRO Magazine

Research and Markets: India Bearing Market Report 2015-2019 – Key Vendors are NBR Bearings, Schaeffler Technologies, SKF & Timken Company Global


September 30, 2015
By Business Wire News

DUBLIN

Research and Markets (http://www.researchandmarkets.com/research/k5mlff/bearing_market_in) has announced the addition of the “Bearing Market in India 2015-2019” report to their offering.

The bearings market in India to grow at a CAGR of 12.03% during 2014-2019.

The report, Bearings Market in India 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.

As the automotive and general engineering sectors continue to gain more prominence in India, industries in the country have started purchasing and installing more expensive equipment to enhance their overall operational paradigm and ensure better efficiency in their day-to-day operations. The prospects of market growth of bearings is closely linked to growth in the production of high-performance industrial equipment and machinery.

Leading bearing manufacturers in India are investing significantly in R&D to foster more innovative designs and effectively position and differentiate themselves from the larger market. Enhancement of inherent characteristics of various types of bearings and developing of high-performance bearings has become the primary focus areas of key market leaders such as SKF.

According to the report, the demand for bearings and other precision components used in aircraft engines will favor the growth of the bearings market. The emergence of innovative technologies has fueled the development of high-performance bearings used in aircraft and aerospace systems.

Further, the report states that manufacturers of bearings require raw materials such as ceramics, chrome steel, and stainless steel. The cost of these raw materials is increasing rapidly and can have a major impact on the operational costs of the company.

Key vendors

  • NBR Bearings
  • Schaeffler Technologies
  • SKF
  • Timken Company Global Corporation

Other prominent vendors

  • ABC Bearing
  • Austin Engineering Company
  • Bimetal Bearing
  • Menon Bearing
  • SNL Bearings

Key Topics Covered:

PART 01: Executive summary

PART 02: Scope of the report

PART 03: Market research methodology

PART 04: Introduction

PART 05: Market landscape

PART 06: Market segmentation by product

PART 07: Market segmentation by end-users

PART 08: Market segmentation by source

PART 09: Market growth drivers

PART 10: Drivers and their impact

PART 11: Market Challenges

PART 12: Impact of drivers and challenges

PART 13: Market Trends

PART 14: Vendor landscape

For more information visit http://www.researchandmarkets.com/research/k5mlff/bearing_market_in

Research and Markets
Laura Wood, Senior Manager
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