Indian Bearings Market: An Analysis – New Report by Koncept Analytics

DELHI/NCR, India - March 26, 2014 - PRLog -- The report also 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.

Research Methodology

A separate section on price comparison of different types of bearings has been included in the 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
Parts of Bearing Housings

Company Coverage

SKF India
FAG Bearings India Ltd
NRB Bearings
ABC Bearings
Timken India Limited
TATA Bearings
Menon Bearings Ltd
NBC Bearings/NEI Ltd

Executive Summary

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 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.

Table of Contents:

Section 1: Indian Economy Snapshot

1.1 India GDP Growth Rate
1.2 Growth in Index of Industrial Production (IIP)
1.3 Inflation and Wholesale Price Index
1.4 Foreign Trade
1.5 Foreign Direct Investment (FDI) Inflows

Section 2: Bearings - An Overview

2.1 Introduction
2.2 Types of Bearings
2.3 Production Process of Bearings

Section 3: Indian Bearings Market

3.1 Market Size by Value and Volume
3.2 Segmentation by Source
3.3 Segmentation by Type of Demand
3.4 Segmentation by End Use
3.5 Segmentation by Major Types

3.5.1 Ball Bearings Market
3.5.2 Roller Bearings Market

Section 4: Import and Export Statistics

4.1 Ball Bearings (HS Code: 848210)
Import
Exports

4.2 Roller Bearings (848220, 848230, 848240, 848250)
Imports
Exports

4.3 Other Bearings (HS Code: 848280)
Import
Export

4.4 Parts of Bearings (HS Codes: 848291, 848299)
Import
Export

4.5 Bearing Housings (HS Codes: 848320, 848330)
Import
Export

4.6 Parts of Bearing Housings (HS Code: 848390)
Import
Export

Section 5: Company Profiles

5.1 SKF India
5.1.1 Business Description
5.1.2 Manufacturing Facilities
5.1.3 Net Revenues
5.1.4 Business Strategies
5.1.5 Key Clients

5.2 FAG Bearings India Limited
5.2.1 Business Description
5.2.2 Manufacturing Facilities
5.2.3 Net Revenues
5.2.4 Business Strategies
5.2.5 Key Clients

5.3 NBC Bearings
5.3.1 Business Description
5.3.2 Manufacturing Facilities
5.3.3 Net Revenues
5.3.4 Business Strategies
5.3.5 Key Clients

5.4 Timken India Limited
5.4.1 Business Description
5.4.2 Manufacturing Facilities
5.4.3 Net Revenues
5.4.4 Business Strategies
5.4.5 Key Clients

5.5 NRB Bearings
5.5.1 Business Description
5.5.2 Manufacturing Facilities
5.3.2 Installed Capacity
5.5.3 Net Revenues
5.5.4 Business Strategies
5.5.5 Key Clients

5.6 ABC Bearings Limited
5.6.1 Business Description
5.6.2 Manufacturing Facilities
5.6.3 Net Revenues
5.6.4 Business Strategies
5.6.5 Clients

5.7 TATA Bearings (Division of TATA Steel Group)
5.7.1 Business Description
5.7.2 Manufacturing Facilities
5.7.3 Net Revenues
5.7.4 Business Strategies
5.7.5 Key Clients

5.8 Austin Engineering Company (AEC)
5.8.1 Business Description
5.8.2 Manufacturing Facilities
5.8.3 Net Revenues
5.8.4 Business Strategies
5.8.5 Key Clients

5.9 Menon Bearings Limited
5.9.1 Business Description
5.9.2 Manufacturing Facilities
5.9.3 Net Revenues
5.9.4 Business Strategies
5.9.5 Key Clients

Section 6: Market Outlook

Section 7: Pricing Analysis of Bearings

List of Figures

Figure 1.1: Growth Rate of GDP at Factor Cost (at 2004-2005) Prices in % (2007-2008 to 2012-2013)
Figure 1.2: Sectoral Share in GDP at Constant (2004-2005) Prices in % (2012-2013)
Figure 1.3: Yearly Inflation and Wholesale Price Index (Base Year: 2004-2005=100)
Figure 1.4: India Trade Data (2008-2009 to 2012-2013)
Figure 1.5: Region-Wise Share of India’s Export by Value (2012-2013)
Figure 1.6: Region-Wise Share of India’s Import by Value (2012-2013)
Figure 1.7: Total FDI Inflows into India by Value (2006-2007 to 2012-2013)
Figure 2.1: Classification of Bearings in India
Figure 2.2: Production Process of a Roller Bearing


For more Info:

For more Information:

http://www.konceptanalytics.com/reportDetail.aspx?reportID=522

Koncept Analytics

Vikas Gupta

(Business Development Manager)

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Vaishali, Ghaziabad

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Mobile: +91-9811715635

Tele: +91-120-4130959

Mail ID - pr@konceptanalytics.com