The India bearings market size reached USD 4.74 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 11.36 Billion by 2033, exhibiting a growth rate (CAGR) of 10.20% during 2025-2033. The India bearings market is driven by expanding automotive production, increasing industrial automation, and rising infrastructure development. Growth in electric vehicles (EVs), demand for energy-efficient machinery, and advancements in precision engineering further boost demand. Additionally, government initiatives promoting manufacturing and foreign investments in the sector support market expansion.
Report Attribute
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Key Statistics
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Base Year
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2024
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Forecast Years
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2025-2033
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Historical Years
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2019-2024
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Market Size in 2024 | USD 4.74 Billion |
Market Forecast in 2033 | USD 11.36 Billion |
Market Growth Rate (2025-2033) | 10.20% |
Rising Demand for High-Performance Bearings
Indian bearings market is seeing growing demand for high-performance bearings because of the growth in the automotive and industrial sectors. In the fiscal year 2023, India manufactured 25.93 million vehicles with a total registered fleet of over 340 million, of which 227 million was two-wheelers. As industries focus on efficiency, durability, and less maintenance cost, manufacturers are creating bearings with higher load-carrying capacity, less friction, and greater service life. The transition towards electric vehicles (EVs) has also boosted demand for high-speed and torque-load bearings that are specialized to handle such loads. Industrial automation and robotics also demand precision-made bearings for low-wear operations at high speeds. Ceramic and hybrid bearings, which offer greater thermal stability and corrosion resistance, are increasingly becoming popular.
Increasing Localization of Manufacturing
Government initiatives like "Make in India" and rising domestic demand have contributed to the significant trend of bearing manufacturing domestication in India. International and local players are setting up manufacturing facilities in the nation to reduce reliance on imports and increase supply chain efficiency. The availability of skilled labor, cost advantages, and close proximity to raw materials are the main drivers of this trend. Furthermore, localization enables producers to meet industry standards and high quality standards. Businesses are spending money on research and development (R&D) to create products tailored to India, like heavy-duty applications and bearings for harsh weather. Additionally, this move to domestic production strengthens the local economy, increases employment, and improves India's standing in the global supply chain for bearings.
Technological Advancements and Smart Bearings
The adoption of smart bearing technologies is reshaping the Indian bearings market, fueled by increasing industrial automation and predictive maintenance strategies. Smart bearings, equipped with sensors, enable real-time monitoring of temperature, vibration, and load conditions, helping industries detect faults before failures occur. This trend is particularly strong in automotive, railways, and heavy machinery, where operational efficiency and uptime are crucial. The automotive sector, which accounted for about 60% of India's bearing demand in 2023, is increasingly integrating smart bearings to enhance vehicle performance and reliability. The incorporation of IoT and AI in bearing systems optimizes performance, enables remote diagnostics, and supports adaptive load adjustments. As industries aim to reduce downtime and maintenance costs, demand for self-lubricating, high-durability bearings continues to rise, shaping market dynamics.
IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the region level for 2025-2033. Our report has categorized the market based on product, product type, and end user.
Product Insights:
The report has provided a detailed breakup and analysis of the market based on the product. This includes anti-friction bearings, magnetic bearings, and others.
Product Type Insights:
A detailed breakup and analysis of the market based on the product type have also been provided in the report. This includes ball bearings, roller bearings, plain bearings, and others.
End User Insights:
The report has provided a detailed breakup and analysis of the market based on the end user. This includes automotive industry, heavy industry, ARS industry, and others.
Regional 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 |
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Base Year of the Analysis | 2024 |
Historical Period | 2019-2024 |
Forecast Period | 2025-2033 |
Units | Billion USD |
Scope of the Report |
Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment:
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Products Covered | Anti-Friction Bearings, Magnetic Bearings, Others |
Product Types Covered | Ball Bearings, Roller Bearings, Plain Bearings, Others |
End Users Covered | Automotive Industry, Heavy Industry, ARS Industry, Others |
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: