Indian Bearings Industry Analysis
Bearings, also known as anti-friction components have their applications in automobiles, pumps, gearboxes, heavy earth-moving equipments and industrial sectors. The growth of the bearings industry, which caters mostly to the requirement of replacement market, is directly correlated with the automotive and industrial sectors. Though automotive sector in India accounts for the largest share in demand of bearings in the Indian market, industrial bearings market is far more widespread. As every movement, rotating or linear requires support of bearings prearrangement, the applications and varieties of bearing products is enormous, which not only widens to a huge size range with variations, but calls for a special variety of products such as: Slewing Rings, Track Rollers, Rod Ends, Spherical Plain, Cam followers, Linear motion system, Re-circulating bearings, Ball bushings, Plain bearings and many more. Approximately, 70% bearings are used in industries other than automobiles. In India, Industrial Bearings are manufactured by few players mostly it is imported from Europe, Japan and other countries. As the infrastructure develops, the bearing industry is expected to develop too. The Indian bearing market accounts for less than 5% of the world bearing market. The players in that market include international manufacturers and numerous local manufacturers such as NEI, NRB, ABC and TATA. A noteworthy proportion of bearings are imported from countries like Germany, Japan, China, Singapore, Sweden, France and Italy.
Indian Bearings Industry Analysis report offers a comprehensive guide to the size and structure of the market at a national level. This report allows you to identify various factors driving growth and key trends which are prevailing in the industry. Essentially, this detailed industry report offers strategic analysis of key factors influencing the market and illustrates how the market is set to change in the near future.
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