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South Africa Engine Bearing Market Report (February 2016)

  • December 2015
  • -
  • GrowthPraxis
  • -
  • 13 pages

Summary

Table of Contents

This report gives out a detailed analysis of the engine bearing market in South Africa. It helps existing & emerging players in understanding deep insights in the engine bearing market in South Africa. The report covers market size, segmentation and drivers of aftermarket and OEM engine bearing market in South Africa. The report also includes competitive landscape of engine bearing market in South Africa. The South Africa engine bearing market is analyzed from years 2011–2015 and the projections are given for the years 2016-2020.

South Africa is ranked 24th in the world in terms of global vehicle production with a market share of 0.63%. Toyota maintained its market leadership position in 2014 ahead of VW and GM in South Africa. The automotive sector remains a key focal point in South Africa as one of the most critical sectors that drives sustainability, job creation, competitiveness and all-inclusive growth. The demand for automotives is expanding and this is increasing the demand for engine bearings in South Africa. The South Africa engine bearing market is expected to reach USD 9 million by end of 2020. Engine bearing imports hold a higher market share compared to local production. There is a global trend towards smaller engines; a trend expected to continue with more OEM planning 4 cylinder engines than previously used 6 cylinder engines. Replacement demand for bearings occupy more than 90% of the Aftermarket engine bearing market. The OEM engine bearing market occupies more than 50% of engine bearing market. Companies like Ford, BMW are expanding their operations in South Africa; this will drive the engine bearing market in the country.

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