Global Bearings Market In India 2024-2028
The bearings market in india is forecasted to grow by USD 838 mn during 2023-2028, accelerating at a CAGR of 3.2% during the forecast period. The report on the bearings market in india provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increase in focus on automation, increasing demand for bearings from heavy industries, and increasing production of electric vehicles.
Technavio's bearings market in india is segmented as below:
By End-user
- Automotive industry
- Heavy industry
- ARS industry
- Others
By Product
- Anti-friction bearings
- Magnetic bearings
- Others
By Geographical Landscape
This study identifies the increase in adoption of additive manufacturing as one of the prime reasons driving the bearings market in india growth during the next few years. Also, increasing strategic partnerships among vendors and development of active magnetic bearings will lead to sizable demand in the market.
The report on the bearings market in india covers the following areas:
- Bearings market in india sizing
- Bearings market in india forecast
- Bearings market in india industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading bearings market in india vendors that include AB SKF, Adarsh Bearings Pvt. Ltd., ARB Bearing, Bearing Manufacturing India, DCM Ltd., KG BEARIING INDIA LLP, MBP BEARINGS PVT. LTD., MENON BEARINGS LTD., Nishan Bearings Co., NRB Bearings Ltd., NSK Ltd., NTN Corp., Schaeffler AG, Sneha Bearings and Engineering LLP, SNL Bearings Ltd., SRIJI GOPALJI INDUSTRIES PVT LTD., The Timken Co., Turbo Bearings Pvt. Ltd, Vikash Industries, and Vimal Bearings. Also, the bearings market in india analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.