Table of Contents
The increasing infrastructure development and agriculture mechanization is increasing the demand for engine bearing as demand for commercial and agriculture machines are increasing. The demand for engine bearing is expected to reach $375 million by end of 2020. Development in light weight technologies is offering several growths for bearing market. Major end user segment is OEM with market share around 50%.Vehicle populations is expected to grow at CAGR of 1% where majority of the vehicles are of age 6-10 years. Top 5 OEMs hold 86% of the market in the OEM Engine bearing market. Mainly engine bearings are used for automobiles, light-duty and heavy-duty trucks, marine, aviation, standby power and many other types of internal combustion engines.
The present US engine bearing market structure is XXX. Federal Mogul, Mahle and Miba hold XX % of the market share in the US. Imports form XX% of the market in the US automotive engine bearing market. The growing vehicle population and engine rebuilding will drive the US Aftermarket engine bearing industry. The US Aftermarket engine bearing market value is around XXX, where replacements have a major market share.
The demand for smaller engines is expected to lower number of engine bearing required per engine. Engine production expected to grow at 4% in next 5 years. The US OEM engine bearing market is worth $ XXX. Federal mogul, Mahle and KS are positioned as quality players.
This report will give buyers the complete understanding of the market and their competitive analysis like market segmentation, market forecast and market analysis & it will help emerging /existing players to know the market trends. The data is collected from exhaustive primary research and secondary research.
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