Market Forecast By Types (Ball Bearings, Roller Bearings and Other Bearings including Pillow block and Mounted), By Roller Bearings Types (Ball Bearings, Roller Bearings, Other Bearings including Pillow Block and Mounted, Spherical Roller Bearings and Other Roller Bearings), By Sales Channels (OEM’s and Aftermarket Sales), By Applications (Aerospace & Railway, Agricultural Equipment Machinery, Mining & Oilfield Equipment Machinery, Automotive Machinery, Construction Machinery, and Other Machinery) and Competitive Landscape.
Product Code: ETC001732 | Publication Date: May 2022 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 |
India Bearings Market has seen the latest developments which include the introduction of customized bearings for different purposes. Tailored bearings help meet specific requirements in various applications: weaving looms, agriculture machinery, vacuum pumps, and turbochargers, among others. Bearing manufacturers have started to adopt new raw materials instead of high-grade steel to meet the demand for lightweight and durable bearings for the automotive industry. Some companies have also started to manufacture automotive bearings with alloys that are 10%-12% lighter than traditional bearings made from high-grade steel. The recent introduction of production-linked incentive (PLI) schemes for automotive components by the government of India has played a crucial role in attracting global players to set up manufacturing facilities in India.
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The India bearings market is highly fragmented owing to the presence of a large number of players including major companies in the industry. The growth of the bearing market is directly correlated with the growth in the automotive and industrial sectors. Further, the increasing requirement for high-performance, lightweight smart bearings in automobiles coupled with the requirement of anti-friction bearings in pumps, gearboxes, heavy earth moving equipment, and industries are expected to contribute to the rise in demand for bearings in India. However, the domestic bearings market is facing competition from the counterfeit bearings market, primarily imports from China which would in turn hinder the market growth.
According to 6Wresearch, India Bearings Market size is projected to grow at a CAGR of 2.6% during 2019–2025. due to the growing demand for specialized bearing solutions and improved designs to increase product performance and efficiency. However, the outbreak of the corona virus pandemic would impact the automotive and other industries affecting the bearings market over the coming years, though the effects might be short-lived.
The key role of bearings in the transmission of energy to a few rotating parts is adding to the India Bearings Market Share. The introduction of high-capacity bearings will also enhance the development of the market.
The railway & aerospace application of bearings is expected to exhibit rapid growth over the next few years due to surging demand for small aircraft and increasing railway construction in the country. Other major end-user applications of the bearings market include automotive machinery, construction machinery, agricultural machinery, and oilfield equipment.
Some of the key players in the India bearings market are JTEKT, SKF, NTN Corporation, Timken, NSK Global, Schaeffler Group, and Others. The India bearings market report thoroughly covers the market by types, sales channels, and applications. The India bearings market outlook report provides an unbiased and detailed analysis of the ongoing India bearings market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
The report provides a detailed analysis of the following market segments:
Table of Contents |
1. Executive Summary |
2. Introduction |
2.1. Key Highlights of the Report |
2.2. Report Description |
2.3. Market Scope & Segmentation |
2.4. Research Methodology |
2.5. Assumptions |
3. India Bearings Market Overview |
3.1. India Bearings Market Revenues, 2015-2025F |
3.2. India Bearings Market Revenue Share, By Types, 2018 & 2025F |
3.3. India Bearings Market Revenue Share, By Sales Channels, 2018 & 2025F |
3.4. India Bearings Market Revenue Share, By Applications, 2018 & 2025F |
3.5. India Bearings Market - Industry Life Cycle, 2018 |
3.6. India Bearings Market - Porter’s Five Forces |
4. India Bearings Market Dynamics |
4.1. Impact Analysis |
4.2. Market Drivers |
4.3. Market Restraints |
5. India Bearings Market Trends |
6. India Bearings Market Overview, By Types |
6.1. India Ball Bearings Market Revenues, 2015-2025F |
6.2. India Roller Bearings Market Revenues, 2015-2025F |
6.2.1 India Cylinderical Roller Bearings Market Revenues, 2015-2025F |
6.2.2 India Tapered Roller Bearings Market Revenues, 2015-2025F |
6.2.3 India Spherical Roller Bearings Market Revenues, 2015-2025F |
6.2.4 India Needle Roller Bearings Market Revenues, 2015-2025F |
6.2.5 India Other Roller Bearings Market Revenues, 2015-2025F |
6.3. India Other Bearings Market Revenues, 2015-2025F |
7. India Bearings Market Overview, By Sales Channels |
7.1. India Bearings Market Reveneus, By OEM's, 2015-2025F |
7.2. India Bearings Market Reveneus, By Aftermarket Sales, 2015-2025F |
8. India Bearings Market Overview, By Applications |
8.1. India Railway & Aerospace Bearings Market Revenues, 2015-2025F |
8.2. India Agricultural Equipment Machinery Bearings Market Revenues, 2015-2025F |
8.3. India Construction Machinery Bearings Market Revenues, 2015-2025F |
8.4. India Oilfield Machinery Bearings Market Revenues, 2015-2025F |
8.5. India Automotive Bearings Market Revenues, 2015-2025F |
8.6. India Other Machinery Bearings Market Revenues, 2015-2025F |
9. India Bearings Market Key Performance Indicators |
10. India Bearings Market Opportunity Assessment |
10.1 India Bearings Market Opportunity Assessment, By Types, 2025F |
10.2 India Bearings Market Opportunity Assessment, By Sales Channel, 2025F |
10.3. India Bearings Market Opportunity Assessment, By Applications, 2025F |
11. India Bearings Market-Competitive Landscape |
11.1. India Bearings Market Competitive Benchmarking, By Operating & Technical Parameters |
11.2. India Bearings Market Revenue Share, By Company, 2018 |
12. Company Profiles |
13. Key Strategic Recommendations |
14. Disclaimer |
List Of Figures |
Figure 1. India Bearings Market Revenues, 2015-2025F ($ Billion) |
Figure 2. India Bearings Market Industry Life Cycle |
Figure 3. India Bearings Market Revenue Share, By Types, 2018 & 2025F |
Figure 4. India Bearings Market Revenue Share, By By Sales Channels, 2018 & 2025F |
Figure 5. India Bearings Market Revenue Share, By Applications, 2018 & 2025F |
Figure 6. India Bearings Market Revenues, By Types, 2015-2025F |
Figure 7. India Bearings Market Revenues, By OEM's, 2015-2025F ($Million) |
Figure 8. India Bearings Market Revenues, By Aftermarket Sales, 2015-2025F ($Million) |
Figure 9. India Bearings Market Opportunity Assessment, By Types, 2025F |
List Of Tables |
Table 1. India Roller Bearings Market Revenues, By Types, 2015-2025F ($Million) |
Table 2. India Bearings Market Revenues, By Applications, 2015-2025F ($Million) |