Understanding the Indian Bearing Industry & its Key Players
Indian bearing market is estimated at Rs 95 billion and it constitutes less than 5% of global bearing demand. In terms of consumption, about 60% requirement is catered through domestic production while remaining is met through imports. Indian market is dominated by international majors as well as indigenous players like NEI, NRB and others. While there are large numbers of players present in the industry, the competitive intensity is moderate as top 5 players constitute ~80% of market share. Major market holders are having a robust technology collaborations with their parent foreign holding group which is a strength as bearings require highest standards of quality because of their end use in critical machine parts.
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