Automotive Bearing Market by Bearing type, Application, Region

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MarketsandMarkets Presents
Automotive Bearing Market worth 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 88 market data
tables 70 figures 182 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)
Source MarketsandMarkets Analysis
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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. The
global automotive bearing market, in terms of
value, is projected to grow at 186.4 Billion USD
and CAGR of 5.8 from 2015 to 2020 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 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. The European automotive industry is
a mature industry. The region is home for many
dominant OEMs in automotive sector such as BMW
AG, Daimler AG, Fiat and PSA/Peugeot-Citroen, and
Volkswagen Group. Europe has witnessed a slump in
production owing to the economic debt crisis and
increasing competition from emerging markets such
as Asia-Oceania and RoW. The European market is
recovering from crisis which has led to the
growth in the production levels of passenger
cars, light commercial vehicles, and heavy
commercial vehicles, which is creating a demand
for bearings in this region. 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). 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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