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Russia Engine Bearing Market (January 2016)

  • December 2016
  • -
  • GrowthPraxis
  • -
  • 17 pages

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GrowthPraxis presents in-depth insights of the engine bearing market in Russia. The detailed study helps present players and emerging bearing manufacturers to know the market potential of the Russia’s engine bearing industry. Report covers analysis of aftermarket engine bearing market and OEM bearing market size, segmentation, drivers and its characteristics. It also covers study of competitive landscape in Russia. The engine bearing market in Russia is analyzed from the years 2011 – 2015 and the projections are given from 2016- 2020. The data is collected from exhaustive primary research and secondary research.

Despite current challenges, Russia remains one of the most significant and attractive automotive sales markets in the world. There is high growth prospect of 0.5 Million vehicle additions by 2020. Comparably majority of market share is occupied by large vehicles. This is increasing the demand for engine bearings in Russia. The Russia engine bearing industry is worth USD XXX for 2015 and expected to reach 62.4 M by 2020. Players like Daido, DZV and Tambov plant hold more than 50% of the market share. Wholesalers & distributors are the most preferred sales channel when it comes to Aftermarket. Various factors like low energy cost and low labor cost is attracting many investors, but due to political issues there is no significant changes happening. Aftermarket engine bearing occupy XX% of market where replacement occupy the major market share. OEM engine bearing occupy XX% market share in which top 5 OEM players occupy more than XX% market share. Export opportunities have so far been exploited only in Kazakhstan, Ukraine, Belarus and Azerbaijan. Players such as Daido metal are positioned as quality players.

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