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Bearings Market in India 2024-2028

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    Report

  • 125 Pages
  • July 2024
  • Region: India
  • TechNavio
  • ID: 5880895
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Increase in Adoption of Additive Manufacturing is a Key Trend Gaining Market Momentum

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The bearings market in india is forecasted to grow by USD 838 million during 2023-2028, accelerating at a CAGR of 3.2% during the forecast period. The report on the bearings market in india provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increase in focus on automation, increasing demand for bearings from heavy industries, and increasing production of electric vehicles.

The bearings market in india is segmented as below:

By End-user

  • Automotive industry
  • Heavy industry
  • ARS industry
  • Others

By Product

  • Anti-friction bearings
  • Magnetic bearings
  • Others

By Geographical Landscape

  • APAC
This study identifies the increase in adoption of additive manufacturing as one of the prime reasons driving the bearings market in india growth during the next few years. Also, increasing strategic partnerships among vendors and development of active magnetic bearings will lead to sizable demand in the market.

The report on the bearings market in india covers the following areas:

  • Bearings market in india sizing
  • Bearings market in india forecast
  • Bearings market in india industry analysis
A robust vendor analysis within the report is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading bearings market in india vendors that include AB SKF, Adarsh Bearings Pvt. Ltd., ARB Bearing, Bearing Manufacturing India, DCM Ltd., KG BEARIING INDIA LLP, MBP BEARINGS PVT. LTD., MENON BEARINGS LTD., Nishan Bearings Co., NRB Bearings Ltd., NSK Ltd., NTN Corp., Schaeffler AG, Sneha Bearings and Engineering LLP, SNL Bearings Ltd., SRIJI GOPALJI INDUSTRIES PVT LTD., The Timken Co., Turbo Bearings Pvt. Ltd, Vikash Industries, and Vimal Bearings. Also, the bearings market in india analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Table of Contents

1 Executive Summary
1.1 Market overview
Executive Summary - Chart on Market Overview
Executive Summary - Data Table on Market Overview
Executive Summary - Chart on Country Market Characteristics
Executive Summary - Chart on Market Segmentation by End-user
Executive Summary - Chart on Market Segmentation by Product
Executive Summary - Chart on Company Market Positioning
2 Market Landscape
2.1 Market ecosystem
Parent Market
Data Table on - Parent Market
2.2 Market characteristics
Market characteristics analysis
2.3 Value chain analysis
Value Chain Analysis
3 Market Sizing
3.1 Market definition
Offerings of companies included in the market definition
3.2 Market segment analysis
Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
Chart on India - Market size and forecast 2023-2028 ($ million)
Data Table on India - Market size and forecast 2023-2028 ($ million)
Chart on India: Year-over-year growth 2023-2028 (%)
Data Table on India: Year-over-year growth 2023-2028 (%)
4 Historic Market Size
4.1 Bearings Market in India 2018 - 2022
Historic Market Size - Data Table on Bearings Market in India 2018 - 2022 ($ million)
4.2 End-user segment analysis 2018 - 2022
Historic Market Size - End-user Segment 2018 - 2022 ($ million)
4.3 Product segment analysis 2018 - 2022
Historic Market Size - Product Segment 2018 - 2022 ($ million)
5 Five Forces Analysis
5.1 Five forces summary
Five forces analysis - Comparison between 2023 and 2028
5.2 Bargaining power of buyers
Bargaining power of buyers - Impact of key factors 2023 and 2028
5.3 Bargaining power of suppliers
Bargaining power of suppliers - Impact of key factors in 2023 and 2028
5.4 Threat of new entrants
Threat of new entrants - Impact of key factors in 2023 and 2028
5.5 Threat of substitutes
Threat of substitutes - Impact of key factors in 2023 and 2028
5.6 Threat of rivalry
Threat of rivalry - Impact of key factors in 2023 and 2028
5.7 Market condition
Chart on Market condition - Five forces 2023 and 2028
6 Market Segmentation by End-user
6.1 Market segments
Chart on End-user - Market share 2023-2028 (%)
Data Table on End-user - Market share 2023-2028 (%)
6.2 Comparison by End-user
Chart on Comparison by End-user
Data Table on Comparison by End-user
6.3 Automotive industry - Market size and forecast 2023-2028
Chart on Automotive industry - Market size and forecast 2023-2028 ($ million)
Data Table on Automotive industry - Market size and forecast 2023-2028 ($ million)
Chart on Automotive industry - Year-over-year growth 2023-2028 (%)
Data Table on Automotive industry - Year-over-year growth 2023-2028 (%)
6.4 Heavy industry - Market size and forecast 2023-2028
Chart on Heavy industry - Market size and forecast 2023-2028 ($ million)
Data Table on Heavy industry - Market size and forecast 2023-2028 ($ million)
Chart on Heavy industry - Year-over-year growth 2023-2028 (%)
Data Table on Heavy industry - Year-over-year growth 2023-2028 (%)
6.5 ARS industry - Market size and forecast 2023-2028
Chart on ARS industry - Market size and forecast 2023-2028 ($ million)
Data Table on ARS industry - Market size and forecast 2023-2028 ($ million)
Chart on ARS industry - Year-over-year growth 2023-2028 (%)
Data Table on ARS industry - Year-over-year growth 2023-2028 (%)
6.6 Others - Market size and forecast 2023-2028
Chart on Others - Market size and forecast 2023-2028 ($ million)
Data Table on Others - Market size and forecast 2023-2028 ($ million)
Chart on Others - Year-over-year growth 2023-2028 (%)
Data Table on Others - Year-over-year growth 2023-2028 (%)
6.7 Market opportunity by End-user
Market opportunity by End-user ($ million)
Data Table on Market opportunity by End-user ($ million)
7 Market Segmentation by Product
7.1 Market segments
Chart on Product - Market share 2023-2028 (%)
Data Table on Product - Market share 2023-2028 (%)
7.2 Comparison by Product
Chart on Comparison by Product
Data Table on Comparison by Product
7.3 Anti-friction bearings - Market size and forecast 2023-2028
Chart on Anti-friction bearings - Market size and forecast 2023-2028 ($ million)
Data Table on Anti-friction bearings - Market size and forecast 2023-2028 ($ million)
Chart on Anti-friction bearings - Year-over-year growth 2023-2028 (%)
Data Table on Anti-friction bearings - Year-over-year growth 2023-2028 (%)
7.4 Magnetic bearings - Market size and forecast 2023-2028
Chart on Magnetic bearings - Market size and forecast 2023-2028 ($ million)
Data Table on Magnetic bearings - Market size and forecast 2023-2028 ($ million)
Chart on Magnetic bearings - Year-over-year growth 2023-2028 (%)
Data Table on Magnetic bearings - Year-over-year growth 2023-2028 (%)
7.5 Others - Market size and forecast 2023-2028
Chart on Others - Market size and forecast 2023-2028 ($ million)
Data Table on Others - Market size and forecast 2023-2028 ($ million)
Chart on Others - Year-over-year growth 2023-2028 (%)
Data Table on Others - Year-over-year growth 2023-2028 (%)
7.6 Market opportunity by Product
Market opportunity by Product ($ million)
Data Table on Market opportunity by Product ($ million)
8 Customer Landscape
8.1 Customer landscape overview
Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Drivers, Challenges, and Opportunity/Restraints
9.1 Market drivers
9.2 Market challenges
9.3 Impact of drivers and challenges
Impact of drivers and challenges in 2023 and 2028
9.4 Market opportunities/restraints
10 Competitive Landscape
10.1 Overview
10.2 Competitive Landscape
Overview on criticality of inputs and factors of differentiation
10.3 Landscape disruption
Overview on factors of disruption
10.4 Industry risks
Impact of key risks on business
11 Competitive Analysis
11.1 Companies profiled
Companies covered
11.2 Market positioning of companies
Matrix on companies position and classification
11.3 AB SKF
AB SKF - Overview
AB SKF - Business segments
AB SKF - Key news
AB SKF - Key offerings
AB SKF - Segment focus
11.4 Adarsh Bearings Pvt. Ltd.
Adarsh Bearings Pvt. Ltd. - Overview
Adarsh Bearings Pvt. Ltd. - Product / Service
Adarsh Bearings Pvt. Ltd. - Key offerings
11.5 ARB Bearing
ARB Bearing - Overview
ARB Bearing - Product / Service
ARB Bearing - Key offerings
11.6 DCM Ltd.
DCM Ltd. - Overview
DCM Ltd. - Product / Service
DCM Ltd. - Key offerings
11.7 MBP BEARINGS PVT. LTD.
MBP BEARINGS PVT. LTD. - Overview
MBP BEARINGS PVT. LTD. - Product / Service
MBP BEARINGS PVT. LTD. - Key offerings
11.8 Nishan Bearings Co.
Nishan Bearings Co. - Overview
Nishan Bearings Co. - Product / Service
Nishan Bearings Co. - Key offerings
11.9 NRB Bearings Ltd.
NRB Bearings Ltd. - Overview
NRB Bearings Ltd. - Product / Service
NRB Bearings Ltd. - Key offerings
11.10 NSK Ltd.
NSK Ltd. - Overview
NSK Ltd. - Product / Service
NSK Ltd. - Key news
NSK Ltd. - Key offerings
11.11 NTN Corp.
NTN Corp. - Overview
NTN Corp. - Business segments
NTN Corp. - Key offerings
NTN Corp. - Segment focus
11.12 Schaeffler AG
Schaeffler AG - Overview
Schaeffler AG - Business segments
Schaeffler AG - Key news
Schaeffler AG - Key offerings
Schaeffler AG - Segment focus
11.13 Sneha Bearings and Engineering LLP
Sneha Bearings and Engineering LLP - Overview
Sneha Bearings and Engineering LLP - Product / Service
Sneha Bearings and Engineering LLP - Key offerings
11.14 SRIJI GOPALJI INDUSTRIES PVT LTD.
SRIJI GOPALJI INDUSTRIES PVT LTD. - Overview
SRIJI GOPALJI INDUSTRIES PVT LTD. - Product / Service
SRIJI GOPALJI INDUSTRIES PVT LTD. - Key offerings
11.15 The Timken Co.
The Timken Co. - Overview
The Timken Co. - Business segments
The Timken Co. - Key news
The Timken Co. - Key offerings
The Timken Co. - Segment focus
11.16 Turbo Bearings Pvt. Ltd
Turbo Bearings Pvt. Ltd - Overview
Turbo Bearings Pvt. Ltd - Product / Service
Turbo Bearings Pvt. Ltd - Key offerings
11.17 Vimal Bearings
Vimal Bearings - Overview
Vimal Bearings - Product / Service
Vimal Bearings - Key offerings
12 Appendix
12.1 Scope of the report
12.2 Inclusions and exclusions checklist
Inclusions checklist
Exclusions checklist
12.3 Currency conversion rates for US$
Currency conversion rates for US$
12.4 Research methodology
Research methodology
12.5 Data procurement
Information sources
12.6 Data validation
Data validation
12.7 Validation techniques employed for market sizing
Validation techniques employed for market sizing
12.8 Data synthesis
Data synthesis
12.9 360 degree market analysis
360 degree market analysis
12.10 List of abbreviations
List of abbreviations
List of Exhibits
Exhibits 1: Executive Summary - Chart on Market Overview
Exhibits 2: Executive Summary - Data Table on Market Overview
Exhibits 3: Executive Summary - Chart on Country Market Characteristics
Exhibits 4: Executive Summary - Chart on Market Segmentation by End-user
Exhibits 5: Executive Summary - Chart on Market Segmentation by Product
Exhibits 6: Executive Summary - Chart on Company Market Positioning
Exhibits 7: Parent Market
Exhibits 8: Data Table on - Parent Market
Exhibits 9: Market characteristics analysis
Exhibits 10: Value Chain Analysis
Exhibits 11: Offerings of companies included in the market definition
Exhibits 12: Market segments
Exhibits 13: Chart on India - Market size and forecast 2023-2028 ($ million)
Exhibits 14: Data Table on India - Market size and forecast 2023-2028 ($ million)
Exhibits 15: Chart on India: Year-over-year growth 2023-2028 (%)
Exhibits 16: Data Table on India: Year-over-year growth 2023-2028 (%)
Exhibits 17: Historic Market Size - Data Table on Bearings Market in India 2018 - 2022 ($ million)
Exhibits 18: Historic Market Size - End-user Segment 2018 - 2022 ($ million)
Exhibits 19: Historic Market Size - Product Segment 2018 - 2022 ($ million)
Exhibits 20: Five forces analysis - Comparison between 2023 and 2028
Exhibits 21: Bargaining power of buyers - Impact of key factors 2023 and 2028
Exhibits 22: Bargaining power of suppliers - Impact of key factors in 2023 and 2028
Exhibits 23: Threat of new entrants - Impact of key factors in 2023 and 2028
Exhibits 24: Threat of substitutes - Impact of key factors in 2023 and 2028
Exhibits 25: Threat of rivalry - Impact of key factors in 2023 and 2028
Exhibits 26: Chart on Market condition - Five forces 2023 and 2028
Exhibits 27: Chart on End-user - Market share 2023-2028 (%)
Exhibits 28: Data Table on End-user - Market share 2023-2028 (%)
Exhibits 29: Chart on Comparison by End-user
Exhibits 30: Data Table on Comparison by End-user
Exhibits 31: Chart on Automotive industry - Market size and forecast 2023-2028 ($ million)
Exhibits 32: Data Table on Automotive industry - Market size and forecast 2023-2028 ($ million)
Exhibits 33: Chart on Automotive industry - Year-over-year growth 2023-2028 (%)
Exhibits 34: Data Table on Automotive industry - Year-over-year growth 2023-2028 (%)
Exhibits 35: Chart on Heavy industry - Market size and forecast 2023-2028 ($ million)
Exhibits 36: Data Table on Heavy industry - Market size and forecast 2023-2028 ($ million)
Exhibits 37: Chart on Heavy industry - Year-over-year growth 2023-2028 (%)
Exhibits 38: Data Table on Heavy industry - Year-over-year growth 2023-2028 (%)
Exhibits 39: Chart on ARS industry - Market size and forecast 2023-2028 ($ million)
Exhibits 40: Data Table on ARS industry - Market size and forecast 2023-2028 ($ million)
Exhibits 41: Chart on ARS industry - Year-over-year growth 2023-2028 (%)
Exhibits 42: Data Table on ARS industry - Year-over-year growth 2023-2028 (%)
Exhibits 43: Chart on Others - Market size and forecast 2023-2028 ($ million)
Exhibits 44: Data Table on Others - Market size and forecast 2023-2028 ($ million)
Exhibits 45: Chart on Others - Year-over-year growth 2023-2028 (%)
Exhibits 46: Data Table on Others - Year-over-year growth 2023-2028 (%)
Exhibits 47: Market opportunity by End-user ($ million)
Exhibits 48: Data Table on Market opportunity by End-user ($ million)
Exhibits 49: Chart on Product - Market share 2023-2028 (%)
Exhibits 50: Data Table on Product - Market share 2023-2028 (%)
Exhibits 51: Chart on Comparison by Product
Exhibits 52: Data Table on Comparison by Product
Exhibits 53: Chart on Anti-friction bearings - Market size and forecast 2023-2028 ($ million)
Exhibits 54: Data Table on Anti-friction bearings - Market size and forecast 2023-2028 ($ million)
Exhibits 55: Chart on Anti-friction bearings - Year-over-year growth 2023-2028 (%)
Exhibits 56: Data Table on Anti-friction bearings - Year-over-year growth 2023-2028 (%)
Exhibits 57: Chart on Magnetic bearings - Market size and forecast 2023-2028 ($ million)
Exhibits 58: Data Table on Magnetic bearings - Market size and forecast 2023-2028 ($ million)
Exhibits 59: Chart on Magnetic bearings - Year-over-year growth 2023-2028 (%)
Exhibits 60: Data Table on Magnetic bearings - Year-over-year growth 2023-2028 (%)
Exhibits 61: Chart on Others - Market size and forecast 2023-2028 ($ million)
Exhibits 62: Data Table on Others - Market size and forecast 2023-2028 ($ million)
Exhibits 63: Chart on Others - Year-over-year growth 2023-2028 (%)
Exhibits 64: Data Table on Others - Year-over-year growth 2023-2028 (%)
Exhibits 65: Market opportunity by Product ($ million)
Exhibits 66: Data Table on Market opportunity by Product ($ million)
Exhibits 67: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Exhibits 68: Impact of drivers and challenges in 2023 and 2028
Exhibits 69: Overview on criticality of inputs and factors of differentiation
Exhibits 70: Overview on factors of disruption
Exhibits 71: Impact of key risks on business
Exhibits 72: Companies covered
Exhibits 73: Matrix on companies position and classification
Exhibits 74: AB SKF - Overview
Exhibits 75: AB SKF - Business segments
Exhibits 76: AB SKF - Key news
Exhibits 77: AB SKF - Key offerings
Exhibits 78: AB SKF - Segment focus
Exhibits 79: Adarsh Bearings Pvt. Ltd. - Overview
Exhibits 80: Adarsh Bearings Pvt. Ltd. - Product / Service
Exhibits 81: Adarsh Bearings Pvt. Ltd. - Key offerings
Exhibits 82: ARB Bearing - Overview
Exhibits 83: ARB Bearing - Product / Service
Exhibits 84: ARB Bearing - Key offerings
Exhibits 85: DCM Ltd. - Overview
Exhibits 86: DCM Ltd. - Product / Service
Exhibits 87: DCM Ltd. - Key offerings
Exhibits 88: MBP BEARINGS PVT. LTD. - Overview
Exhibits 89: MBP BEARINGS PVT. LTD. - Product / Service
Exhibits 90: MBP BEARINGS PVT. LTD. - Key offerings
Exhibits 91: Nishan Bearings Co. - Overview
Exhibits 92: Nishan Bearings Co. - Product / Service
Exhibits 93: Nishan Bearings Co. - Key offerings
Exhibits 94: NRB Bearings Ltd. - Overview
Exhibits 95: NRB Bearings Ltd. - Product / Service
Exhibits 96: NRB Bearings Ltd. - Key offerings
Exhibits 97: NSK Ltd. - Overview
Exhibits 98: NSK Ltd. - Product / Service
Exhibits 99: NSK Ltd. - Key news
Exhibits 100: NSK Ltd. - Key offerings
Exhibits 101: NTN Corp. - Overview
Exhibits 102: NTN Corp. - Business segments
Exhibits 103: NTN Corp. - Key offerings
Exhibits 104: NTN Corp. - Segment focus
Exhibits 105: Schaeffler AG - Overview
Exhibits 106: Schaeffler AG - Business segments
Exhibits 107: Schaeffler AG - Key news
Exhibits 108: Schaeffler AG - Key offerings
Exhibits 109: Schaeffler AG - Segment focus
Exhibits 110: Sneha Bearings and Engineering LLP - Overview
Exhibits 111: Sneha Bearings and Engineering LLP - Product / Service
Exhibits 112: Sneha Bearings and Engineering LLP - Key offerings
Exhibits 113: SRIJI GOPALJI INDUSTRIES PVT LTD. - Overview
Exhibits 114: SRIJI GOPALJI INDUSTRIES PVT LTD. - Product / Service
Exhibits 115: SRIJI GOPALJI INDUSTRIES PVT LTD. - Key offerings
Exhibits 116: The Timken Co. - Overview
Exhibits 117: The Timken Co. - Business segments
Exhibits 118: The Timken Co. - Key news
Exhibits 119: The Timken Co. - Key offerings
Exhibits 120: The Timken Co. - Segment focus
Exhibits 121: Turbo Bearings Pvt. Ltd - Overview
Exhibits 122: Turbo Bearings Pvt. Ltd - Product / Service
Exhibits 123: Turbo Bearings Pvt. Ltd - Key offerings
Exhibits 124: Vimal Bearings - Overview
Exhibits 125: Vimal Bearings - Product / Service
Exhibits 126: Vimal Bearings - Key offerings
Exhibits 127: Inclusions checklist
Exhibits 128: Exclusions checklist
Exhibits 129: Currency conversion rates for US$
Exhibits 130: Research methodology
Exhibits 131: Information sources
Exhibits 132: Data validation
Exhibits 133: Validation techniques employed for market sizing
Exhibits 134: Data synthesis
Exhibits 135: 360 degree market analysis
Exhibits 136: List of abbreviations

Executive Summary

The following companies are recognized as the key players in the global bearings market in india: AB SKF, Adarsh Bearings Pvt. Ltd., ARB Bearing, Bearing Manufacturing India, DCM Ltd., KG BEARIING INDIA LLP, MBP BEARINGS PVT. LTD., MENON BEARINGS LTD., Nishan Bearings Co., NRB Bearings Ltd., NSK Ltd., NTN Corp., Schaeffler AG, Sneha Bearings and Engineering LLP, SNL Bearings Ltd., SRIJI GOPALJI INDUSTRIES PVT LTD., The Timken Co., Turbo Bearings Pvt. Ltd, Vikash Industries, and Vimal Bearings.

Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is increase in adoption of additive manufacturing."

According to the report, one of the major drivers for this market is the increase in focus on automation.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • AB SKF
  • Adarsh Bearings Pvt. Ltd.
  • ARB Bearing
  • Bearing Manufacturing India
  • DCM Ltd.
  • KG BEARIING INDIA LLP
  • MBP BEARINGS PVT. LTD.
  • MENON BEARINGS LTD.
  • Nishan Bearings Co.
  • NRB Bearings Ltd.
  • NSK Ltd.
  • NTN Corp.
  • Schaeffler AG
  • Sneha Bearings and Engineering LLP
  • SNL Bearings Ltd.
  • SRIJI GOPALJI INDUSTRIES PVT LTD.
  • The Timken Co.
  • Turbo Bearings Pvt. Ltd
  • Vikash Industries
  • Vimal Bearings