Automotive Bearing – A Market Worth Observing Growth | Bimetal Bearings, Menon Bearings, NRB Bearings

Automotive Bearing Market in India 2020 is latest research study released by HTF MI evaluating the market, highlighting opportunities, risk side analysis, and leveraged with strategic and tactical decision-making support. The study provides information on market trends and development, drivers, capacities, technologies, and on the changing investment structure of the Automotive Bearing Market. Some of the key players profiled in the study are Austin Engineering Company Limited, Bimetal Bearings Limited, Menon Bearings Limited, NRB Bearings Limited, Schaeffler India Limited, SKF India Limited, Timken India Limited, Tata Bearings Limited, National Engineering Industries Limited, KCI Bearings (India) Private Limited.

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Automotive production volume in India has increased in recent years aided by regulatory measures undertaken by the government and adoption of advanced technologies. Consequently, the production of automotive bearings in the country is likely to escalate over the next few years.

Market insights:
In 2017, the government allowed 100% FDI for manufacturing automotive bearings, under the automatic route. In 2018, GST on automotive bearing products were slashed. These factors contributed to the growth of the automotive bearing market in India. In 2019, the market was valued at INR 70 Bn, and is anticipated to reach INR 156.80 Bn by 2024, expanding at a compound annual growth rate (CAGR) of ~18.01%, during the 2020-2024 period. Government policies like Make in India, Automotive Mission Plan, and National Automotive Testing and R&D Infrastructure Project (NATRIP) have also had positive impact on the market. Increase in the production volume of vehicles in the country and the enforcement of the Bharat Stage-VI (BS-VI) norms have led to the soaring demand for automotive bearings. With BS-VI becoming mandatory from 2020, the automotive bearing market is headed for growth with a multiplier effect, likely to happen as the demand for new vehicles and engines picks up. Nonetheless, increase in the cost of raw materials, decline in consumers’ overall consumption level, and the presence of counterfeit products in the market are impeding market growth.

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Automotive Bearing Market: Demand Analysis & Opportunity Outlook 2025

Automotive Bearing research study is to define market sizes of various segments & countries by past years and to forecast the values by next 5 years. The report is assembled to comprise each qualitative and quantitative elements of the industry facts including: market share, market size (value and volume 2014-19, and forecast to 2025) which admire each countries concerned in the competitive examination. Further, the study additionally caters the in-depth statistics about the crucial elements which includes drivers & restraining factors that defines future growth outlook of the market.

Important years considered in the study are:
Historical year – 2014-2019 ; Base year – 2019; Forecast period** – 2020 to 2025 [** unless otherwise stated]

Some of the key players/Manufacturers involved in the Market are – Austin Engineering Company Limited, Bimetal Bearings Limited, Menon Bearings Limited, NRB Bearings Limited, Schaeffler India Limited, SKF India Limited,• Timken India Limited,• Tata Bearings Limited,• National Engineering Industries Limited,• KCI Bearings (India) Private Limited

If opting for the Global version of Automotive Bearing Market analysis is provided for major regions as follows:
• North America (USA, Canada and Mexico)
• Europe (Germany, France, the United Kingdom, Netherlands, Russia , Italy and Rest of Europe)
• Asia-Pacific (China, Japan, Australia, New Zealand, South Korea, India and Southeast Asia)
• South America (Brazil, Argentina, Colombia, rest of countries etc.)
• Middle East and Africa (Saudi Arabia, United Arab Emirates, Israel, Egypt, Nigeria and South Africa)

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Key Answers Captured in Study are
Which geography would have better demand for product/services?
What strategies of big players help them acquire share in regional market?
Countries that may see the steep rise in CAGR & year-on-year (Y-O-Y) growth?
How feasible is market for long term investment?
What opportunity the country would offer for existing and new players in the Automotive Bearing market?
Risk side analysis involved with suppliers in specific geography?
What influencing factors driving the demand of Automotive Bearing near future?
What is the impact analysis of various factors in the Automotive Bearing market growth?
What are the recent trends in the regional market and how successful they are?

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There are 15 Chapters to display the Automotive Bearing market.
Chapter 1, About Executive Summary to describe Definition, Specifications and Classification of Automotive Bearing market, Applications, Market Segment by Types;
Chapter 2, objective of the study.
Chapter 3, to display Research methodology and techniques.
Chapter 4 and 5, to show the Automotive Bearing Market Analysis, segmentation analysis, characteristics;
Chapter 6 and 7, to show Five forces (bargaining Power of buyers/suppliers), Threats to new entrants and market condition;
Chapter 8 and 9, to show analysis by regional segmentation[North America (Covered in Chapter 7 and 14), United States, Canada, Mexico, Europe (Covered in Chapter 8 and 14), Germany, UK, France, Italy, Spain, Russia, Others, Asia-Pacific (Covered in Chapter 9 and 14), China, Japan, South Korea, Australia, India, Southeast Asia, Others, Middle East and Africa (Covered in Chapter 10 and 14), Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Others, South America (Covered in Chapter 11 and 14), Brazil, Argentina, Columbia, Chile & Others ], comparison, leading countries and opportunities; Regional Marketing Type Analysis, Supply Chain Analysis
Chapter 10, to identify major decision framework accumulated through Industry experts and strategic decision makers;
Chapter 11 and 12, Automotive Bearing Market Trend Analysis, Drivers, Challenges by consumer behavior, Marketing Channels
Chapter 13 and 14, about vendor landscape (classification and Market Ranking)
Chapter 15, deals with Automotive Bearing Market sales channel, distributors, Research Findings and Conclusion, appendix and data source.

Thanks for reading this article; you can also get individual chapter wise section or region wise report version like North America, Europe or Asia or Oceania [Australia and New Zealand].

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