India Automotive Bearing Market: Expanding at a CAGR of more than 7.0% during 2023-2028

Market Insights

As per recent research by MarkNtel Advisors, 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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Key Driver: Flourishing Automotive Production, Sales, and Modifications Across the Country

India is a major consumer of automobile vehicles sales due to the increase in disposable income, especially in middle-class consumers, resulting from urbanization, raised living standards, and the desire to own private vehicles to commute instead of public transport, specifically after Covid-19 Pandemic has elevated the automotive industry in the country. Moreover, multiple varieties of bearings are required and play a vital role in automotive functioning. Thus, the flourishing of the automotive industry has been driving the automotive bearings industry in India.

In addition, the need for continuous modification to follow government regulations to decrease the carbon footprints and to make the vehicle lighter has led to the development of new designs and more research into bearings. Thus, the need for high-performing, technologically advanced bearings has further driven the industry forward.

Market Segmentation and Consumer Behavior:

By Type

Ball Bearing
Roller Bearing
Clutch Bearing

By Vehicle

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

By Demand

OEM
Replacement

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India Automotive Bearing Market Geographical Analysis:

By Region:

North
South
West
East
North-East

Key Players and Competitive Strategies in the India Automotive Bearing Market

Several prominent players dominate the India Automotive Bearing Market, including:

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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Questions Addressed in this Study

1.What factors are driving the India Automotive Bearing Market growth?

2.How is the India Automotive Bearing Market expected to grow over the next five years?

3.What are the key insights into the current trends in the India Automotive Bearing Market?

4.What is the current size of the India Automotive Bearing Market, and how is it projected to change in the future?

5.What is the future outlook for the India Automotive Bearing Market in terms of technological advancements and market expansion?

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