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India Automotive Bearing Market to Surpass $2.3 Billion by 2021: TechSci Research Report


News provided by

TechSci Research

14 Feb, 2017, 14:30 GMT

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New Age TechSci Research Logo (PRNewsFoto/New Age TechSci Research)

NEW YORK, February 14, 2017 /PRNewswire/ --

Favorable government initiatives coupled with increasing automobile sales, expanding vehicle fleet and growing exports to drive India automotive bearings market through 2021 

According to a recently released TechSci Research report, "India Automotive Bearings Market, By Type, By Vehicle Type, Competition Forecast & Opportunities, 2011 - 2021", the automotive bearings market in India is anticipated to cross $2.3 Billion by 2021, on account of strong domestic automobile demand, rapidly expanding automobile fleet, favorable government policies coupled with planned capacity expansions by major automobile OEMs. Further, the launch of Automotive Mission Plan, 2016-2026, is expected to result in a robust increase in production of automobiles in the country, thereby expected to boost the demand for automotive bearings in India over the next five years.

     (Logo: http://photos.prnewswire.com/prnh/20140117/663730 )

Browse 40 market data Tables and 66 Figures spread through 146 Pages and an in-depth TOC on     

"India Automotive Bearings Market" 

https://www.techsciresearch.com/report/india-automotive-bearings-market-by-type-deep-grove-ball-bearing-angular-tapered-roller-bearing-spherical-roller-bearing-etc-by-vehicle-type-2w-pc-otr-lcv-3w-m-hcv-competition-forecast-opportunities/911.html

According to the Department of Industrial Policy & Promotion, Foreign Direct Investments (FDIs) in the country's automotive sector increased from USD1.52 billion in FY2013-14 to USD2.73 billion in FY2014-15, exhibiting a Y-o-Y of around 80%. Increase in FDIs in automobile sector is poised to drive vehicle sales and production in the country over the next five years, thereby positively influencing India automotive bearings market during 2016-2021.

Download Sample Report 

@ https://www.techsciresearch.com/sample-report.aspx?cid=911

Customers can also request for 10% free customization on this report. 

"During 2011 - 2015, two-wheeler segment dominated the country's automotive bearings market, followed by passenger car segment. Two-Wheeler segment is expected to maintain its dominance in India automotive bearings market as well, on account of increasing production as well as sales of two-wheelers in the country. Deep grove ball bearing angular is the most preferred type of automotive bearings in India. Some of the major companies operating in India automotive bearings market are SKF India Ltd., NBC Bearings, FAG Bearings India Limited, Timken India Limited, ABC Bearings Limited and Tata Bearings, among others." said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

"India Automotive Bearings Market, By Type, By Vehicle Type, Competition Forecast & Opportunities, 2011 - 2021" has analyzed the potential of India automotive bearings market, and provides statistics and information on market sizes, shares and trends. The report will suffice in providing intending clients with cutting-edge market intelligence and help them in taking sound investment decisions. Besides, the report also identifies and analyzes emerging trends along with essential drivers and key challenges faced by the industry. 

Browse Related Reports 

Global Commercial Drone Market By Drone Type (Rotary Blade Drone, Fix Wing Drone, Hybrid Drone & Nano Drone), By Application (Mapping, Surveying & Photography, Precision Agriculture, etc.), By Region, Competition Forecast & Opportunities, 2015 - 2021 

https://www.techsciresearch.com/report/global-commercial-drone-market-by-drone-type-rotary-blade-drone-fix-wing-drone-hybrid-drone-nano-drone-by-application-mapping-surveying-photography-precision-agriculture-etc-by-region-competition-forecast-opportunities-2015-2021/666.html.

Global Tire Market Forecast & Opportunities, 2021 

https://www.techsciresearch.com/report/global-tire-market-forecast-opportunities-2021/734.html

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India Automotive Components Market By Vehicle Type (PC, LCV, M & HCV, 2W, 3W & OTR), By Demand Category (OEM vs Replacement), By Component Type (Engine Parts, Body & Chassis, Suspension & Brakes, etc.), Competition Forecast and Opportunities, 2011 - 2021  

https://www.techsciresearch.com/report/india-automotive-components-market-by-vehicle-type-pc-lcv-m-hcv-2w-3w-otr-by-demand-category-oem-vs-replacement-by-component-type-engine-parts-body-chassis-suspension-brakes-etc-competition-forecast-and-opportunities-2011-2021/749.html

About TechSci Research 

TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research based consulting assignments in high growth and emerging markets, leading technologies and niche applications. Our workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking global and country specific high growth markets helps TechSci clients to lead rather than follow market trends.

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Email: sales@techsciresearch.com

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