Albany – NY, Oct. 21, 2015 (GLOBE NEWSWIRE) — Bearings are highly engineered machine elements that reduce energy loss induced by friction in the rotary motion parts of various equipment and machinery. There are different types of bearings, including ball bearings, roller bearings, and plain bearings.
As the automotive and general engineering sectors continue to gain more prominence in India, industries in the country have started purchasing and installing more expensive equipment to enhance their overall operational paradigm and ensure better efficiency in their day-to-day operations.
The prospects of market growth of bearings is closely linked to growth in the production of high-performance industrial equipment and machinery.
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Market analysts forecast the bearings market in India to grow at a CAGR of 12.03% during 2014-2019.
Covered in this report
This report covers the present scenario and the growth prospects of the bearings market in India for 2015-2019. For ascertaining the market size and vendor share the report considers the revenue obtained from the sales of bearing products.
Recent report, Bearings Market in India 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
- NBR Bearings
- Schaeffler Technologies
- SKF
- Timken Company Global Corporation
Other prominent vendors
- ABC Bearing
- Austin Engineering Company
- Bimetal Bearing
- Menon Bearing
- SNL Bearings
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Market driver
Growth of automotive industry
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Market challenge
Counterfeit products
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Market Trend
Emergence of sensor bearing units
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Key questions answered in this report
- What will the market size be in 2019 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
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