India Bearings Market (In-depth Analysis) - Industry Dynamics, Market Size, And Opportunity Forecast To 2027

The India bearings market is expected to grow substantially during the forecasted period owing to its high demand from the automotive sector. In 2019, the automotive bearing market alone valued for US$ 953.4 Million. Moreover, the growth of the bearings industry, which mostly fulfil the requirements of replacement market is directly correlated with the automotive and industrial sectors.

Industrial sector is one of the major drivers of the India bearings market. The attempts by the Government to revitalize the manufacturing process of bearings within India to shift the interests towards local products enhance the growth of bearing market. Moreover, the upcoming Metro Rail projects across major cities of India including Coimbatore, Delhi-Meerut, Agra, Kanpur and few others attract foreign investment for various machineries. Bearings are required for metro and light rail solutions to provide reduced mass, energy consumption, maintenance and operating costs. Delhi Metro Rail Corporation uses axle bearings assemblies for use on eight prototype coaches. The recent success of Metro Rail projects like Lucknow Metro Rail Corporation attracts more foreign investors which in turn expand the market size.

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