1. Market Research
  2. > Manufacturing
  3. > Industrial Equipment
  4. > Mechanics and Part Market Trends
  5. > Indian Bearings Market: An Analysis

Indian Bearings Market: An Analysis

  • March 2014
  • -
  • Koncept Analytics
  • -
  • 138 pages

Summary

Table of Contents

Search Inside

Scope of the Report

The report entitled “Indian Bearings Market – An Analysis” provides an insight into the bearings sector in India with a special focus on sub-segments like ball bearings and roller bearings. The report also includes the production, market value, segmentation on various parameters and distribution structure of overall bearings sector. It also discusses key growth drivers, trends and major challenges faced by bearings industry in India. Further, key manufacturers of bearings like SKF India, FAG India, Timken India, NRB India, NBC, ABC India Ltd, TATA bearings are profiled in the report.

Research Methodology

A separate section on price comparison of different types of bearings has been included in the report. There are wide range of bearings that are available in the market according to sizes and their usage in end-use applications and their prices vary accordingly. In the pricing analysis section, we have compared bearing prices that are produced indigenously by domestic players to that of products supplied by other foreign players (European, Japanese and Chinese) in the Indian market through imports.

Deeper insights on industry and price quotes were mainly obtained through primary research. Primary research included sending E-Mails to the distributors/suppliers and telephonic conversation with experts and company executives. Bearings were segregated on the basis of their series code and then a comparison was made between local and foreign brands. It was then concluded that most of the foreign brands (European, Japanese) were high priced compared to domestic brands due to superior quality and import duties. The Chinese brands were an exception as they were cheaper and proving a big threat to the domestic manufacturers.

Segment Coverage
- Ball Bearings
- Roller Bearings
- Parts of Bearings
- Bearing Housings
- Parts of Bearing Housings

Company Coverage
- SKF India
- FAG Bearings India Ltd
- NRB Bearings
- ABC Bearings
- Timken India Limited
- TATA Bearings
- Menon Bearings Ltd
- NBC Bearings/NEI Ltd
?
Executive Summary

Bearings are components that reduce friction and enhance motion between objects. Known as anti-friction components, they are widely used in automobiles, pumps, gear boxes, heavy earth moving equipments and industries. The growth of the bearing industry is directly correlated with the automotive and industrial sectors. The domestic sale of bearings produced in India recorded a decline of 1.5% in 2012-2013 over previous year while the production value fell by 0.5% during the same period. The decline was on account of continued pressure of inflation, fiscal imbalances and high interest rates. Also, commercial vehicle production one of the largest consumer of bearings experienced a steep downfall in the same period.

A major portion of bearings market in India is unorganized that caters to the low-end replacement market. A significant percentage of bearings are imported from countries like Germany, Japan, China, Singapore, Sweden, France and Italy. The demand for the bearings is derived from two key user segments - the automotive and industrial sectors. The industrial market is larger than the automobile market in value terms. Total exports of bearings (ball and roller) declined by both value and volume terms in 2012-2013 compared to previous fiscal year. The slowdown in exports was on account of the recent crisis in the Euro Zone and global recession.

The market is characterized with challenges like counterfeit/spurious products, rise in prices of raw materials and growing cost pressure on Indian suppliers. The bearings industry is fairly concentrated, with the top five players contributing over 90% of overall turnover. SKF India is the leading player in the market followed by FAG Bearings, NBC Bearings and Timken India. To meet growing customer expectations, most of the bearings manufacturers have regularly invested in modern manufacturing technology and have taken a number of initiatives to strengthen their competitive advantage by partnering with customers with a focus on application engineering and R&D to develop advanced products.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 60 Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
Get This Report
24/7 Customer Support

Talk to Ahmad

+1 718 618 4302

Purchase Reports From Reputable Market Research Publishers
Plain Bearing Market by End User, Type, and Region - Global Forecast to 2022

Plain Bearing Market by End User, Type, and Region - Global Forecast to 2022

  • $ 5650
  • Industry report
  • April 2017
  • by MarketsandMarkets

“The global plain bearing market is projected to grow at a CAGR of 4.8% from 2017 to 2022” The global plain bearing market is projected to reach USD 15.23 billion by 2022, at a CAGR of 4.8% between ...

Bearings  Industry Forecasts - China Focus

Bearings Industry Forecasts - China Focus

  • $ 1800
  • Industry report
  • January 2017
  • by Asia Market Information & Development Company

This study focuses on China’s Bearings industry forecasts. In the two past decades, the industry has been growing at a fast pace. The dramatic expansions of the manufacturing capabilities and rising ...

Ball and Roller Bearing Manufacturing - The 2017 U.S. Market Research Report (Covers 2008-2021)

Ball and Roller Bearing Manufacturing - The 2017 U.S. Market Research Report (Covers 2008-2021)

  • $ 195
  • Industry report
  • March 2017
  • by Kentley Insights

The 2017 Market Research Report on Ball and Roller Bearing Manufacturing is an in-depth evaluation of the industry and will provide you with the key insights, trends and benchmarks you need to create a ...

Global Bearing Ball Market 2016-2020

September 2016 $ 2500

World Bearings Market

August 2016 $ 6400

ref:plp2014

Reportlinker.com © Copyright 2017. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.