India automotive bearing market overview
India automotive bearing market has been divided into three prime segments including sub-segments i.e. ball bearing (deep groove, angular contact, wheel hub & thrust bearing), Roller Bearing (taper, needle, cylindrical & spherical), and clutch bearing.
According to 6Wresearch, India automotive bearing market is projected to touch $1.2 billion by 2021. Growing two-wheeler sales is primarily driving the demand for ball bearings, wherein deep groove ball bearing lead the market. In the next six years, the ball bearing segment would register higher growth than roller bearing and clutch bearing segments.
India automotive bearing market is estimated to find its true potential in the coming years owing to the rising substantial growth of the automotive sector in the country. The increased growth of the population base coupled with the rising discretion income intended to increase purchasing power and enable the consumer to spend on the vehicles, simultaneously the increase the automotive bearing to bear heavy loads and reduce friction and is estimated to act as a catalyst for the growth of the India automotive bearing market in the forthcoming years.
Key Highlights of the Report
- Market Size & Forecast of Global Automotive Bearing Market Revenue until 2021
- Market Size & Forecast of India Automotive Ball bearing Market until 2021
- Market Size & Forecast of India Automotive Roller Bearing Market until 2021
- Market Size & Forecast of India Automotive Clutch Bearing Market until 2021
- Market Trends
- Price Trends
- Competitive Landscape
- Company Profiles
- Key Strategic Pointers
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