India Bearing Market Research Report, 2030

The bearing market in India is a critical component of the nation’s industrial framework, supporting diverse sectors like automotive, manufacturing, energy, and infrastructure. As India’s industrial landscape continues to evolve, technological advancements and increasing demand for high-quality, durable bearings have shaped the market’s growth trajectory. A key driver behind this expansion is the rise in automotive production, including the shift towards electric vehicles (EVs), where specialized bearings are essential for enhancing performance and efficiency. Additionally, the growth of India’s infrastructure and manufacturing industries has significantly increased the demand for bearings, which play a pivotal role in reducing friction, wear, and tear in machinery. The “Make in India” initiative has further spurred domestic production, allowing local manufacturers to reduce their reliance on imports, and contributing to the development of high-performance bearing technologies. The challenges such as raw material price volatility, technological gaps, and labor shortages continue to impact the sector. To address these, various policies and regulatory measures, such as the Bureau of Indian Standards (BIS) certifications, ensure product quality and safety, fostering market stability and consumer confidence. Industry associations like the Indian Bearing Manufacturers Association (IBMA) are instrumental in encouraging collaboration and knowledge sharing among manufacturers, helping them stays ahead of evolving market demands. The Indian bearing market is witnessing a shift towards specialized solutions, driven by the increasing demand from renewable energy sectors, particularly wind power, as well as the automotive sector’s growing need for lightweight, high-precision bearings for electric vehicles. As global bearing manufacturers expand their footprint in India, through strategic partnerships and local production facilities, the market is expected to experience sustained growth. This growth is further supported by advancements in bearing technologies that enhance performance, such as sensors and smart bearings, which offer real-time monitoring and predictive maintenance capabilities. The continued development of these industries will shape the trajectory of India’s bearing market, ensuring its significant role in both regional and global markets in the years to come. According to the research report "India Bearing Market Research Report, 2030," published by Actual Market Research, the India bearing market is expected to reach a market size of more than USD 10.14 Billion by 2030. The Indian bearing market has demonstrated robust growth in recent years, driven by the increasing demand across key sectors such as automotive, aerospace, oil & gas, and manufacturing. As industries evolve and automation continues to penetrate the market, the need for high-precision and durable bearings is growing. The automotive sector remains one of the largest contributors, while the increasing usage of robotics and advanced manufacturing techniques also plays a crucial role in shaping the market. The key players in the Indian bearing market include domestic giants like AKSH Manufacturing Pvt Ltd and NRB Industrial Bearings Ltd., alongside global companies such as Schaeffler Technologies AG & Co. KG and Rotek, Inc. The competitive landscape is marked by technological innovations, particularly in wear-resistant and corrosion-resistant bearing technologies, which are expected to drive further market growth. Over the past few years, India has seen a surge in manufacturing activities under initiatives like "Make in India," which has led to enhanced production capabilities and greater local availability of raw materials. This focus on domestic manufacturing has strengthened India’s position in the global bearing market, contributing significantly to the national economy. During the pandemic, while the bearing market experienced a temporary dip due to disruptions in supply chains and manufacturing processes, it has seen a sharp recovery with the gradual resumption of industries and increasing demand from sectors like automotive and renewable energy. In terms of trade, India’s bearing exports have been growing steadily, with key markets in Asia Pacific and Europe. The country’s ability to offer cost-effective production and improved quality standards has made it an attractive location for bearing manufacturing and exports. With advancements in technology and the rise of automation, the Indian bearing market is poised to take advantage of new opportunities in the coming years. The industries across India continue to modernize and expand; the market is expected to experience substantial growth, contributing to India’s economic advancement in the global market.

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In India, the bearing market is experiencing significant growth, driven by the expanding industrial sector, rising demand for automotive components, and the need for advanced technologies across various industries. Ball bearings dominate the market, being the largest and fastest-growing product type due to their widespread use in sectors such as automotive, industrial machinery, and consumer electronics. Ball bearings play a crucial role in reducing friction and improving the efficiency and performance of rotating machinery, making them indispensable in vehicles, electrical appliances, and manufacturing equipment. India's automotive sector, one of the largest in the world, heavily relies on ball bearings for engines, transmissions, wheels, and various other components, which further accelerates their demand. Roller bearings, although not as dominant as ball bearings, are essential in industries that require support for heavy radial loads. In India, roller bearings are widely used in applications such as construction, mining, and power generation, where high-load machinery like conveyors, crushers, and generators are prevalent. These bearings help improve the durability and reliability of heavy-duty equipment. The industrial sector in India, which includes manufacturing, infrastructure, mining, and power, continues to grow, driving the demand for roller bearings, especially in the mining sector, where machinery operates under challenging conditions and high radial loads. Plain bearings are another important product segment in India. Known for their simple design and cost-effectiveness, plain bearings are used in a variety of low-speed, low-load applications across industries. Agricultural machinery is a significant end-user for plain bearings, as they provide smooth and reliable performance in farming equipment like plows and harrows. As agriculture remains a vital part of India's economy, the demand for plain bearings in this sector is substantial. Additionally, plain bearings are used in HVAC systems, electrical appliances, and pumps, where they offer affordable and efficient solutions for machinery that doesn't require high-performance bearings. India's bearing market also sees growing interest in specialized bearings such as magnetic, fluid, and disc harrow bearings. Magnetic bearings are increasingly used in advanced applications, including high-speed motors, turbines, and medical devices, due to their ability to operate without physical contact, thereby reducing wear and tear. Fluid bearings, which offer precise performance with minimal friction, are gaining popularity in industries like aerospace and high-tech machinery. Lastly, disc harrow bearings, crucial for the agricultural sector, help ensure reliable operation in the heavy-duty farming equipment required for India’s vast agricultural landscape. The bearing market in India is experiencing significant demand across various segments, driven by expanding industrialization and the growing automotive sector. Among installation types, unmounted bearings are the largest due to their widespread use in machinery where ease of replacement and versatility are important, such as in industrial equipment, heavy machinery, and automotive components. Mounted bearings, which are designed for ease of installation and maintenance, are the fastest-growing segment, as industries adopt more efficient and cost-effective solutions for machine performance and durability. The distribution channel is dominated by Original Equipment Manufacturers (OEMs), who account for the largest share of the market, driven by the increasing demand for bearings in industries like automotive, manufacturing, and heavy machinery. The aftermarket sector is the fastest-growing due to the growing need for replacement parts as machinery and equipment age, particularly in industries like agriculture, mining, and automotive. Regarding materials, metal bearings remain the standard, but there is growing demand for stainless steel bearings, which are the fastest-growing material segment due to their superior corrosion resistance and long-lasting performance in harsh environments like the chemical and marine industries. Chrome steel bearings continue to be the largest segment, offering high performance in a wide range of applications, from automotive to industrial machinery, due to their strength and wear resistance. Carbon steel and brass bearings are used in specialized applications where cost-efficiency and durability are crucial, such as in agriculture and small-scale machinery. Additionally, the use of other materials like plastic and ceramic is gaining traction in specific niche applications, especially in industries requiring low-weight or non-magnetic bearings. India’s bearing market is heavily influenced by diverse applications across various sectors, with significant growth in automotive and industrial uses. The automotive sector is one of the largest consumers of bearings, driven by the booming car manufacturing industry, including domestic production and exports. Bearings are critical in components such as wheels, engines, transmissions, and electric vehicle (EV) applications. The demand for bearings is rising in the EV segment as India gears up to become a key player in the electric vehicle market, which has further spurred innovations in high-performance bearings for efficiency, sustainability, and cost-effectiveness. The industrial sector, particularly mining and construction, remains the largest application segment for bearings in India. Bearings used in mining equipment, construction machinery, electrical and power transmission systems, oil and gas exploration, and hydropower are critical for maintaining operational efficiency in these capital-intensive industries. As India focuses on infrastructure development and modernizing its energy sector, the demand for bearings in sectors like energy (wind and hydropower), oil and gas, and industrial distribution has grown considerably. Additionally, aerospace is the fastest-growing application segment, driven by increased investments in defense and aviation, which require precision and high-performance bearings to ensure operational efficiency and safety in aircraft and related machinery. In addition to these, sectors such as railways, agriculture, and others also contribute to bearing consumption. Railways require bearings for rolling stock, which are vital for smooth and efficient transportation. Agriculture uses bearings in a variety of machinery, such as tractors, harvesters, and irrigation systems, where durability and cost-effectiveness are of much importance.

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Nikita Jabrela

Business Development Manager

Considered in this report • Historic year: 2019 • Base year: 2024 • Estimated year: 2025 • Forecast year: 2030 Aspects covered in this report • Bearing market with its value and forecast along with its segments • Region-wise bearing market analysis • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation By product type in the report: • Ball Bearing • Roller Bearing • Plain Bearing • Others (Magnetic Bearing, Fluid Bearing, Disc Harrow Bearing, etc.)

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By application type in the report: • Automotive • Industrial • Aerospace • Others (Railway, Agriculture, etc.) By installation type in the report: • Unmounted Bearing • Mounted Bearing By distribution channel in the report: • Original equipment manufacturers (OEMs) • Aftermarket By material type in the report: • Metal • Stainless Steel • Chrome Steel • Carbon Steel • Brass • Others (Plastic, Ceramic, etc.) The approach of the report: This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third party sources such as press releases, annual report of companies, analysing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources. Intended audience This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to bearing industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.