VENI VIDI VICI 2019

INDIAN BEARING INDUSTRY

Bearing is a mechanical element that permits relative motion between two parts, such
as the shaft and the housing, with minimum friction. The functions of the bearing are
as follows:
(i) The bearing ensures free rotation of the shaft or the axle with minimum friction.
(ii) The bearing supports the shaft or the axle and holds it in the correct position.
(iii) The bearing takes up the forces that act on the shaft or the axle and transmits
them to the frame or the foundation.

INDUSTRY OVERVIEW

Bearings, also known as anti-friction components have their applications in

automobiles, pumps, gearboxes, heavy earth-moving equipments and industrial
sectors. The growth of the bearings industry, which caters mostly to the
requirement of replacement market, is directly correlated with the automotive and
industrial sectors. Though automotive sector in India accounts for the largest
share in demand of bearings in the Indian market, Industrial bearings market is
far more widespread. It is spread over every segment of the Industry. As every
movement, rotating or linear requires support of bearings prearrangement, the
applications and varieties of bearing products is enormous, which not only widens
to a huge size range with variations, but calls for a special variety of products
such as: Slewing Rings, Track Rollers, Rod Ends, Spherical Plain, Cam
followers, Linear motion system, Re-circulating bearings, Ball bushings, Plain
bearings and many more.
INVESTMENT OUTLOOK (as of Feb 2015)

The current size of the bearings market in India inclusive of exports stands
approximately Rs. 3 trillion. With the rapid industrialization, the Indian bearings
industry has doubled in the last five years and has registered annual gains well
above the global average of ~35%.With increased infrastructure and
industrialization, at least, this trend should continue for next five years. India is
among the fastest growing markets for bearings. The organized segment
constituting global players as Timken, SKF and others should account for
approximately Rs. 1 trillion. Close to 40% of the total demand is fulfilled through
imports with the balance being met by indigenous products.

FUTURE OF INDIAN BEARING INDUSTRY

The Indian Bearings Industry is well poised to achieve strong growth in coming
years owing to rising domestic demand in the auto sector and in Industrial
applications. Given the government of India’s focus on the manufacturing sector,
Indian Bearings Industry is expected to grow in the coming years. The
government has already made clear its continuing focus on infrastructure from
Power and Oil & Gas, Roads, Ports and Airports. As per the planning
commission’s estimates, the government has planned substantial investment in
the 12th Five Year Plan aggregating USD 1 trillion. This infrastructure spending
will lead to growth in the manufacturing sector, which in turn will have a positive
impact on bearings industry. As per the Auto Components Manufacturers
Association (ACMA), the Indian friction components industry is likely to grow to
US$ 110 billion by 2020 capturing the domestic market share of ~US$ 80 billion.
The share of the auto components industry in the country’s GDP is likely to
increase to 3.60% by 2020, up from 2.40% in FY12.

CLASSIFICATION OF BEARINGS

Depending on the type of friction, bearings are classified into 2 main groups:-
1) Sliding contact bearings
2) Rolling contact bearings

Fig 1: sliding contact bearing

 Fig 2: rolling contact bearing

Fig 3: types of rolling contact bearing

Parts of rolling contact bearing

1) Inner and outer races
2) A rolling element like ball, roller or needle
3) A cage that holds the rolling elements together and spaces
them evenly
4) Bearing Seal
BEARING MANUFACTURING
→
Inner/outer ring manufacturing process

Note: You have to go through the detailed process on your own and
also manufacturing processes for the other parts of bearing.

EXPECTED OUTCOMES THROUGH YOUR “TO BE ESTABLISHED INDUSTRY”

The industry you will setup must consider following points into consideration:
• Selecting a very suitable location for industry to be setup, where there is
a flourishing market for your products and availability of raw materials is
cheap and unlimited.
 • A planned and systematic “plant-layout” that considers every aspect e.g.
location of manufacturing area with respect to storage of raw material,
proper placing of stores etc. facilitating least possible inventory
transport. (Layout drafted in AutoCAD/ Pro-E or any other software with
exact dimensions will be awarded special credit )

• Mission and Vision of your industry.

• The employee hierarchy of your plant (means the various departments

of your industry, who all works under whom, their salaries etc.)

• Decide the product range and their specifications keeping in mind

the industries that consume your products and your competitors. A
more versatile range will surely be more appreciated and rewarded.

• Manufacturing details of the product (processes used, machines used etc.)

• Quality and safety check.

• Improvisations in the existing design of bearings. Any innovations will be

very keenly accepted and encouraged. You can expect special goodies for
a uniquely innovated design.

• Decide your annual production and determine when it achieves Break

Even Point (clearly specify in how much time, months or years, your
company would achieve BEP.

• Some more factors that must be included are break even analysis,
inventory analysis, a detailed cost and revenue analysis, forecasting
and master production schedule (MPS), material requirements planning
(MRP), economic order quantity and even more analytical study will
fetch you more points.

• Special features of the plant. Try to be as creative as possible to get

extra points.

For any query, feel free to contact…