The India automotive bearing market size reached USD 503.3 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 725.5 Million by 2033, exhibiting a growth rate (CAGR) of 4.15% during 2025-2033. The market is expanding due to rising vehicle production, electric mobility growth, and increasing domestic manufacturing. Global manufacturers are investing in local facilities, while advanced bearing technologies are improving efficiency, durability, and performance in passenger, commercial, and electric vehicles, driving sustained market growth.
Report Attribute
|
Key Statistics
|
---|---|
Base Year
|
2024
|
Forecast Years
|
2025-2033
|
Historical Years
|
2019-2024
|
Market Size in 2024 | USD 503.3 Million |
Market Forecast in 2033 | USD 725.5 Million |
Market Growth Rate 2025-2033 | 4.15% |
Rising Demand for Electric Vehicle Bearings
The transition to electric vehicles (EVs) is impacting the Indian automotive bearing industry. With the focus of automobile manufacturers on curbing carbon emissions, EV manufacturing is on the rise, fueling demand for high-performance bearings. EVs need low-friction and high-performance bearings to improve efficiency and longevity. The expanding EV industry is compelling manufacturers to create energy-efficient and lightweight bearing solutions. Businesses are investing in new materials and lubrication technology to maximize bearing life and minimize energy loss. Ceramic and hybrid bearings, for instance, are becoming increasingly popular because they are low-maintenance and heat-resistant. Furthermore, collaborations between auto manufacturers and bearing companies are giving rise to solutions specific to EV use. With the Indian government encouraging EV uptake through incentives and infrastructure development, demand for high-technology bearings is likely to increase further.
Strategic Expansion by Global Manufacturers
The Indian market is witnessing significant growth as global manufacturers increase their investments in the country. With rising demand for high-performance bearings in passenger and commercial vehicles, companies are expanding their production capabilities to cater to the growing market. In August 2024, FERSA announced a strategic expansion, including new production facilities in India to meet rising demand. This consolidates India's automobile bearing industry, improves domestic manufacturing capabilities, and enhances supply chain efficiency, supplementing the increasing demand for high-performance bearings in heavy and electric vehicles. Other international producers are also setting up manufacturing facilities, taking advantage of India's low-cost manufacturing system and human resources. Moreover, the expansions are likely to enhance product availability, shorten lead times, and complement the domestic auto industry. Also, foreign firms are investing in R&D to create sophisticated bearing technologies specific to India's heterogeneous vehicle market. The government's emphasis on raising domestic production through initiatives like the Make in India program and the Production Linked Incentive (PLI) scheme is also drawing global players. Improved supply chains, technological innovation, and enhanced production capacity are making India a major hub for automotive bearing production. Therefore, the market is predicted to grow steadily with contributions from both foreign and local investments.
IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the region/country level for 2025-2033. Our report has categorized the market based on vehicle type, application type, bearing type, and demand category.
Vehicle Type Insights:
The report has provided a detailed breakup and analysis of the market based on the vehicle type. This includes passenger cars, light commercial vehicles, medium and heavy commercial vehicles, and two-wheelers.
Application Type Insights:
The report has provided a detailed breakup and analysis of the market based on the application type. This includes engine, transmission, wheel, steering, and others.
Bearing Type Insights:
A detailed breakup and analysis of the market based on the bearing type have also been provided in the report. This includes ball bearing, roller bearing, and plain bearing.
Demand Category Insights:
A detailed breakup and analysis of the market based on the demand category have also been provided in the report. This includes OEM and aftermarket.
Region Insights:
The report has also provided a comprehensive analysis of all the major regional markets, which include North India, South India, East India, and West India.
The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.
Report Features | Details |
---|---|
Base Year of the Analysis | 2024 |
Historical Period | 2019-2024 |
Forecast Period | 2025-2033 |
Units | Million USD |
Scope of the Report |
Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment:
|
Vehicle Types Covered | Passenger Cars, Light Commercial Vehicles, Medium and Heavy Commercial Vehicles, Two-Wheelers |
Application Types Covered | Engine, Transmission, Wheel, Steering, Others |
Bearing Types Covered | Ball Bearing, Roller Bearing, Plain Bearing |
Demand Categories Covered | OEM, Aftermarket |
Regions Covered | North India, South India, East India, West India |
Customization Scope | 10% Free Customization |
Post-Sale Analyst Support | 10-12 Weeks |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Questions Answered in This Report:
Key Benefits for Stakeholders: