Global Bearing Industry and Indian Bearings Market 2014 Analysis Research Reports

DALLAS, September 11, 2014 /PRNewswire/ --

ReportsnReports.com adds 2014 Market Research Report on Global Bearing Industry and Indian Bearings Market: An Analysis research reports for 2014 and beyond, to its store. The global bearing industry report starts with basic information including bearing definition, classification, application, industry chain structure as well as overview. The Indian bearing market 2014 research provides an insight into the bearings sector in India with a special focus on sub-segments like ball bearings and roller bearings.

2014 Market Research Report on Global Bearing Industry covers data and information on North America (United States, Canada, Mexico, etc), Europe (Germany, France, United Kingdom, Italy, Spain, etc), Asia (China, Japan, India, Korea, etc) as well as Rest of World (Australia, South America, Middle East and Africa) along with key regional as well as global players for 2009-2014 bearing capacity production, price, cost, gross production value, gross margin and other information. Consumption and different regions' trading business, regional import-export as well as total global data are covered in this research.

Companies profiled in the global bearings industry report include Thermos, Tiger, Electrolux, Panasonic, Sanyo, Zojirushi, Midea, Supor, Philips, Joyoung, ACA, Laken, Glanz, Astar, Tonze, EMSA, Shangpengtang, HRDRO, Disney, ISOSTEEL, LIOEN, Longde, Eternal, Primus, Stanley, Donlim, EUPA, BHL, ARPARC, HAERS, MAYOOR, MEGA, ALSTAR, NUMO, LOCK&LOCK¸ HAIER¸ KONKA¸ MEILING¸ Elmundo, Vesoe, Fred, Impower, Ritian and HSDQ. Order a copy of this report at http://www.reportsnreports.com/Purchase.aspx?name=297713 .

The Indian Bearings Market - An Analysis 2014 report includes the production, market value, segmentation on various parameters and distribution structure of overall bearings sector. It also discusses key growth drivers, trends and major challenges faced by bearings industry in India. Further, key manufacturers of bearings like SKF India, FAG India, Timken India, NRB India, NBC, ABC India Ltd, TATA bearings are profiled in the report. Bearings are components that reduce friction and enhance motion between objects. Known as anti-friction components, they are widely used in automobiles, pumps, gear boxes, heavy earth moving equipments and industries. The growth of the bearing industry is directly correlated with the automotive and industrial sectors. The domestic sale of bearings produced in India recorded a decline of 1.5% in 2012-2013 over previous year while the production value fell by 0.5% during the same period. The decline was on account of continued pressure of inflation, fiscal imbalances and high interest rates. Also, commercial vehicle production one of the largest consumer of bearings experienced a steep downfall in the same period.

A major portion of bearings market in India is unorganized that caters to the low-end replacement market. A significant percentage of bearings are imported from countries like Germany, Japan, China, Singapore, Sweden, France and Italy. The demand for the bearings is derived from two key user segments - the automotive and industrial sectors. The industrial market is larger than the automobile market in value terms. Total exports of bearings (ball and roller) declined by both value and volume terms in 2012-2013 compared to previous fiscal year. The slowdown in exports was on account of the recent crisis in the Euro Zone and global recession.

The Indian bearings market is characterized with challenges like counterfeit/spurious products, rise in prices of raw materials and growing cost pressure on Indian suppliers. The bearings industry is fairly concentrated, with the top five players contributing over 90% of overall turnover. SKF India is the leading player in the market followed by FAG Bearings, NBC Bearings and Timken India. To meet growing customer expectations, most of the bearings manufacturers have regularly invested in modern manufacturing technology and have taken a number of initiatives to strengthen their competitive advantage by partnering with customers with a focus on application engineering and R&D to develop advanced products.

A separate section on price comparison of different types of bearings has been included in the Indian Bearings Market: An Analysis report. There are wide range of bearings that are available in the market according to sizes and their usage in end-use applications and their prices vary accordingly. In the pricing analysis section, we have compared bearing prices that are produced indigenously by domestic players to that of products supplied by other foreign players (European, Japanese and Chinese) in the Indian market through imports.

Deeper insights on industry and price quotes were mainly obtained through primary research. Primary research included sending E-Mails to the distributors/suppliers and telephonic conversation with experts and company executives. Bearings were segregated on the basis of their series code and then a comparison was made between local and foreign brands. It was then concluded that most of the foreign brands (European, Japanese) were high priced compared to domestic brands due to superior quality and import duties. The Chinese brands were an exception as they were cheaper and proving a big threat to the domestic manufacturers.

Segment Coverage: Ball Bearings, Roller Bearings, Parts of Bearings, Bearing Housings and Parts of Bearing Housings

Company Coverage: SKF India, FAG Bearings India Ltd, NRB Bearings, ABC Bearings, Timken India Limited, TATA Bearings, Menon Bearings Ltd and NBC Bearings/NEI Ltd. Order a copy of this report at http://www.reportsnreports.com/Purchase.aspx?name=278226 .

Explore more reports on bearings market at http://www.reportsnreports.com/tags/bearings-market-research.html .

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