Automotive Bearing Market to Showcase Significant Growth in the Coming Years

1. Automotive Bearing Market worth 186.4 Billion USD by 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. The Asia- Pacific region is projected to grow, in terms of volume, at a CAGR of 6.4%. In the matured markets like Europe and North America, it is expected to have a steady growth for automotive bearings with a same CAGR of 5.8% (2015-2020). Developing countries like Brazil and South Africa are projected to have a high growth rate. Browse 88 market data tables and 70 figures spread through 182 pages and in-depth TOC on “Automotive Bearing Market - Trends & Forecasts to 2020" https://www.marketsandmarkets.com/Market-Reports/automotive-bearing-market-105500470.html Early buyers will receive 10% customization on reports. 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 2013. This market is 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 automotive 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. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownload.asp?id=105500470

2. 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. Request Sample Copy @ https://www.marketsandmarkets.com/requestsample.asp?id=105500470 About MarketsandMarkets™ MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions. Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve. MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledgestore” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. Contact: Mr. Shelly Singh MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441 sales@marketsandmarkets.com