India Automotive Bearing Market Size & Share 2023: Key Trends & Projections

According to recent findings, the India Automotive Bearing Market is projected to grow at a CAGR of around 7.0% during the forecast period, i.e., 2023-28.

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India Automotive Bearing Overview:

The market growth is predominantly driven by the flourishing automotive production, sales, and modification of vehicles, the varying goals to reduce the vehicle’s carbon footprint, and alterations to make it lighter. Besides, the requirement for lightweight durable bearings for automotive, along with the increasing preference for personal mobility, has further elongated the bearings industry ventures.

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India Automotive Bearing Outlook and Future Trends :

Enhanced Bearing Designs to Raise Vehicle Efficiency - Apart from the conventional functions of bearings, to operate load on the shaft and facilitate the torque transfer smoothly, manufacturers are focusing on increasing the efficiency of the vehicle by enhancing bearings. The manufacturers are modifying various components to make the vehicle more advanced and structured to reduce weight and carbon emissions. The industry is adopting more lightweight designs and performing further modifications to lower noise, the system's vibration, provide stiffness to the shaft system, and more. Thus, OEMs worldwide focus on reducing their gross vehicle weight by improving fuel economy and reducing carbon emissions. For instance,

In August 2022, SFK developed a new hybrid deep groove ball bearing for high-speed applications.

The trend of producing modified and advanced bearings to lower space and weight has fueled industrial growth and raised the product's value.

Global India Automotive Bearing Segmentation Analysis:

By Type

Ball Bearing
Roller Bearing
Clutch Bearing

According to reports, Amongst all Types, Roller Bearing holds the largest market share and is expected to lead the market in the coming years.

By Vehicle

Two Wheelers
Three Wheeler
Passenger Vehicle
Commercial Vehicle
Off-the road

According to reports, Among all, Passenger Vehicle acquired the highest market share and is anticipated to continue in the same trend during the forecasting period.

By Demand

OEM
Replacement

By Region

North
South
West
East
North-East.

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Some of the Market players in the Global India Automotive Bearing are:

SKF India Limited
National Engineering Industries Limited (NEI)
Timken India Limited
NRB Bearings Limited
Tata Bearings
ABC Bearings
Bimetal Bearings Ltd.
Austin Engineering Co. Ltd.
FAG Bearings India Limited
INA Bearings India Pvt. Ltd.

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Key Highlights of the Report – Unlock Valuable Market Insights

Market Size, Share Future Projections – Understand the current market dimensions and forecasted growth trajectory.
In-Depth Pricing Analysis – Get clarity on pricing trends and cost structures across segments.
Company Strategies Developments – Discover recent mergers, acquisitions, partnerships, and innovations.
Key Stakeholders Value Chain Insights – Identify the main players and their roles within the industry ecosystem.
Import Export Dynamics – Analyze global trade flows, regional export trends, and supply chain movements.
Competitive Benchmarking – Gain a clear view of the leading companies and their market positioning.
Emerging Growth Opportunities – Spot untapped areas and niche markets for potential investment.
Market Trends Growth Drivers – Stay ahead with insights into evolving consumer behavior and industry indicators.

Research Methodology Summary

A systematic approach is used to ensure accurate market insights, combining both bottom-up and top-down methods. Data triangulation validates findings from multiple angles.

Key Steps:

Define objectives and research design
Collect data through surveys and interviews
Analyze and validate data using reliable tools
Forecast trends and deliver actionable insights

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