Words of Wisdom:

"We define culture,culture defines us." - Tigris

Market Forecast on India Automotive Bearing Industry (2015-2021)

  • Date Submitted: 11/18/2015 11:20 PM
  • Flesch-Kincaid Score: 19.8 
  • Words: 824
  • Essay Grade: no grades
  • Report this Essay
Market reports on India presents the latest report on “Market Forecast on India Automotive Bearing Industry (2015-2021)” http://www.marketreportsonindia.com/industry-mfg-market-research-reports-13404/india-automotive-bearing-ball-roller-clutch-vehicle-two-wheeler-three-wheeler-passenger.html     The report estimates and forecast overall India automotive bearing market by revenue, bearing type such as Ball, roller, and clutch; vehicle types two wheeler, three wheeler, passenger vehicle, commercial vehicle etc.

19th Nov 2015, – Navi   Mumbai, India: Market reports on India presents the latest report on “Market Forecast on India Automotive Bearing Industry (2015-2021)”. The report also gives insights on price trends, market trends, competitive landscape, company profiles, market drivers and restraints.

India's automotive sector is all set to revive back after sluggish demand during the period 2012-14. Increasing consumer confidence and recovery of the economy has pushed the market towards positive growth. A similar trend is expected in automotive bearing market, where market would grow over the next six years.

India automotive bearing market is projected to touch $1.2 billion by 2021. Growing two wheeler sales is primarily driving the demand for ball bearing, wherein deep groove ball bearing leads the market. In the next six years, ball bearing segment to witness higher growth over roller bearing and clutch bearing segments, as a result of growth in two wheeler market.

With the launch of “Make in India” campaign domestic production of automotive vehicles is expected to increase in the forecast period. The initiatives would drive various international players to expand and establish their manufacturing facilities, thus creating huge demand for automotive components in the country. Further, opportunities to export the vehicles in the international market would fuel the market for automotive bearing.

“India Automotive Bearing Market (2015- 2021)” provides...

Comments

Express your owns thoughts and ideas on this essay by writing a grade and/or critique.

  1. No comments