Automotive Bearing Market by Bearing type - Trends & Forecasts to 2020

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MarketsandMarkets Presents
Automotive Bearing Market Expected to Reach 186.4
Billion USD by 2020
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The report Automotive Bearing Market by Bearing
type (Ball bearing, Roller bearing and others),
Application, Vehicle type (PC, LCV, HCV and
Two-wheelers), Region, and by Aftermarket
(Region, Vehicle type and Application) - Trends
Forecasts to 2020  This report classifies and
defines the Global Bearing market in terms of
volume value. This report provides
comprehensive analysis and insights on the global
bearing market for both - qualitative and
quantitative. It also highlights the potential
growth opportunities in the coming years, as well
as it covers review of the - market drivers,
restraints, growth indicators, challenges,
legislation trends, market dynamics, competitive
landscape, and other key aspects related with
global bearing market. This report also has a
section on off-highway vehicle bearing market
outlook and what steps are taken by the bearing
manufacturers and associations to counter their
counterfeit market. Browse 87 market data
tables 71 figures  240 pages and in-depth TOC on
Automotive Bearing Market. You can speak to
our analyst_at_ http//www.marketsandmarkets.com/spea
ktoanalyst.asp?id105500470
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Source MarketsandMarkets Analysis
Global Bearing Market, by Region, 2015 vs. 2020
(Billion)
Global Bearing Market, by Vehicle Type,
2015 vs. 2020 (Billion)
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This report classifies and defines the global
bearing market in terms of volume value. This
report provides comprehensive analysis and
insights on the global bearing market for both -
qualitative and quantitative. It highlights the
potential growth opportunities in the coming
years as well as it covers review of the - market
drivers, restraints, growth indicators,
challenges, legislation trends, market dynamics,
competitive landscape, and other key aspects
related to the global bearing market. This report
also has a section on off-highway vehicle bearing
market outlook and what steps are taken by the
bearing manufacturers and associations to counter
their counterfeit market. Bearings are used in
vehicle types passenger cars, light commercial
vehicles, heavy commercial vehicles, and
two-wheelers. Bearings are used for a variety of
automotive applications that include wheel hub,
interior, engine, and transmission system. The
major factors driving the market are increasing
production of vehicles, increasing demand from
the developing countries, and increasing demand
for technologically advanced solutions. In the
coming years, the demands for automotive bearings
are estimated to rise in the countries of
Asia-Pacific, mainly in China, India, and Japan.
Moreover with 1/3rd of the world population in
countries of China and India, the demand for
vehicles especially passenger cars and
two-wheelers are also on the rise, which in turn
increases the demand for automotive bearings in
these countries. In matured markets like Europe
and North America, it is estimated to have a
steady growth for automotive bearings. Developing
countries like Brazil and South Africa are
projected to have a high growth rate.
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The global automotive bearing market has been
broadly classified by geography (Asia-Pacific,
Europe, North America, and RoW), by vehicle type
(PC, LCV, HCV Two-Wheelers), by bearing type
(Roller bearing, Ball bearing and others), by
Aftermarket (by region, by vehicle type and by
application). Following are few major companies
which are into manufacturing of automotive
bearings Timken Co. (U.S.), SKF (Sweden),
Shaeffler AG (Germany), JTEKT Corp. (Japan), and
NTN Corp. (Japan). Asia-Pacific The largest and
fastest growing in automobile bearing market The
automotive industry in Asia-Pacific region is on
positive growth trend, the automobile production
has witnessed a CAGR of 7.94 from 2008 to 2013.
This market is more livelier than the matured
Europe and North America due to the cost
advantage and substantial population. The region
has emerged as a hub for automotive production,
OEMs, and suppliers have set up production
facilities to cater to the growing demand of the
market, which in turn has propelled the demand
for automotives in this region. In the countries
like China and India provides an encouraging
government policies favouring automotive
industry. The new government in India has come up
with the MAKE IN INDIA campaign which allows 100
FDI in the auto sector which is a boost for the
foreign as well as the local automotive
manufactures.  OEMs in this region are not only
catering to their local demands, but are also
serving developed markets as well through
exports. This helps them to remain globally
competitive. Scope of the Report The report
covers the bearing market in terms of volume
value. The market size in terms of volume is
provided from 2013 to 2020 in units, whereas the
value of the market is provided in million. The
global automotive bearing market is broadly
classified by geography (Asia-Pacific, Europe,
North America, and RoW), by vehicle type (PC,
LCV, HCV Two-Wheelers), by bearing type (Roller
bearing, Ball bearing and others), by Aftermarket
(by region, by vehicle type and by application).
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