Automotive Bearing Market worth Billion USD by 2020

Automotive Bearing Market - Trends & Forecasts to 2020 In the coming years, the demands for automotive bearings are estimated to be on rise in the countries of Asia-Pacific, mainly in China, India, and Japan. Moreover, with 1/3rd of the world population in countries of China and India, the demand for vehicles, especially passenger cars and two-wheelers are also on the rise, which in turn increases the demand for automotive bearings in these countries. PDF

Asia-Pacific: The largest and fastest growing in automobile bearing market The automotive industry in Asia-Pacific region is on positive growth trend, the automobile production has witnessed a CAGR of 7.94% from 2008 to This market is more livelier than the matured Europe and North America due to the cost advantage and substantial population. The region has emerged as a hub for automotive production, OEMs, and suppliers have set up production facilities to cater to the growing demand of the market, which in turn has propelled the demand for automotives in this region. In the countries like China and India provides an encouraging government policies favouring automotive industry.

North America: Stable demand for automotive bearings The North American region is dominated by domestic OEMs such as Ford Motors Co., General Motors Co., and Fiat-Chrysler Automotive, along with established European and Japanese OEMs. From the 3 countries, the U.S. alone has 32 manufacturing facilities dedicated to vehicle production which produce more than 5 million vehicles. In 2013, the U.S. witnessed a 29% increase in sales year-over- year from 2012 reaching to 7.5 Million vehicle sales. Thus, the growing market reflects increasing opportunities for bearing manufactures as well as other auto parts manufactures.

Europe: Slowly reviving market The European automotive industry is a mature industry. The region is home for many dominant OEMs in automotive sector such as BMW AG, Daimler AG, Fiat and PSA/Peugeot-Citroen, and Volkswagen Group. Europe has witnessed a slump in production owing to the economic debt crisis and increasing competition from emerging markets such as Asia-Oceania and RoW. The European market is recovering from crisis which has led to the growth in the production levels of passenger cars, light commercial vehicles, and heavy commercial vehicles, which is creating a demand for bearings in this region.

Browse >> 89 market data tables 64 figures 181 pages and in-depth TOC on “Automotive Bearing Market - Trends & Forecasts to 2020” Early buyers will receive 10% customization on this report. This is a Premium Report Priced at US $5650 for single user. Corporate User : US$8150 This study answers several questions for the stakeholders, primarily which market segments to focus on in the next two to five years to prioritize efforts and investments.

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