The India automotive bearing market was valued at USD 503.3 Million in 2024 and is projected to grow to USD 725.5 Million by 2033, reflecting a CAGR of 4.15% during the forecast period 2025-2033. The market expansion is driven by ongoing growth in vehicle production, increasing adoption of electric mobility, and an expanding domestic manufacturing base. Investment by global manufacturers in local production facilities and advancements in bearing technologies enhancing efficiency and durability in passenger, commercial, and electric vehicles are further fueling market growth. The report presents a thorough review featuring the India Automotive Bearing Market Outlook, share, trends, and research of the industry.
STUDY ASSUMPTION YEARS
- Base Year: 2024
- Historical Year/Period: 2019-2024
- Forecast Year/Period: 2025-2033
INDIA AUTOMOTIVE BEARING MARKET KEY TAKEAWAYS
- Current Market Size: USD 503.3 Million in 2024
- CAGR: 4.15% during 2025-2033
- Forecast Period: 2025-2033
- Rising electric vehicle production is driving demand for specialized bearings that offer efficiency and durability.
- Global manufacturers are expanding production capabilities in India, leveraging low-cost manufacturing and skilled labor.
- Government initiatives like Make in India and the Production Linked Incentive (PLI) scheme support domestic manufacturing growth.
- Demand for lightweight, high-performance bearings is increasing with the shift towards electric and heavy vehicles.
- Technological innovation focuses on ceramic and hybrid bearings that are low-maintenance and heat resistant.
MARKET TRENDS
The Indian automotive bearing industry is increasingly influenced by the rise of electric vehicles (EVs), as manufacturers focus on reducing carbon emissions. EV production growth creates significant demand for low-friction, high-performance bearings that enhance vehicle efficiency and longevity. Businesses are investing in energy-efficient, lightweight bearing solutions, incorporating advanced materials and lubrication technologies to extend bearing life and reduce energy losses. Ceramic and hybrid bearings are gaining popularity because of their heat resistance and low maintenance, supported by government incentives promoting EV adoption.
Global manufacturers are strategically expanding their footprint in India due to rising demand for high-performance bearings across passenger and commercial vehicles. Companies like FERSA have announced new production facilities to address growing needs, improve supply chains, and strengthen the domestic automotive bearing industry. This expansion also benefits inventory availability and reduces lead times, aiding India’s heterogeneous vehicle market requirements.
Collaborations between bearing manufacturers and automotive companies aim to develop products tailored for EV applications, emphasizing high technology and performance. Investments in R&D are focused on developing sophisticated bearing solutions suited for India’s diverse automotive landscape. The government’s Make in India and PLI schemes bolster these efforts by incentivizing domestic production, attracting international players to invest in innovation and manufacturing capacity.
MARKET GROWTH FACTORS
The Indian automotive bearing market growth is underpinned by the surge in vehicle production across passenger cars, two-wheelers, and commercial vehicles. This growth escalates the consumption of bearings for engine, transmission, steering, and wheel applications. The burgeoning electric vehicle segment demands lightweight, precise bearings to support efficiency and enhance durability, significantly influencing market expansion.
Global investments are instrumental in scaling India’s automotive bearing production capabilities. Companies are capitalizing on India’s cost-effective manufacturing ecosystem and large skilled workforce to meet domestic and export demand. The recent expansions announced in 2024, including new plants by FERSA, highlight the market’s positive trajectory fueled by capacity enhancement and technological advancements.
Government policies like Make in India and Production Linked Incentive (PLI) schemes provide substantial support to the industry’s growth. These initiatives promote domestic manufacturing, reduce dependency on imports, and encourage innovation in bearing technology. Such policy-driven growth stimulates investments from international players, fostering a competitive landscape that drives efficiency and product development.
MARKET SEGMENTATION
Vehicle Type Insights:
- Passenger Cars: Bearings used in passenger vehicles for various applications.
- Light Commercial Vehicles: Bearings tailored for light commercial transport vehicles.
- Medium and Heavy Commercial Vehicles: Bearings designed for heavy-duty commercial transport.
- Two-Wheelers: Bearings used specifically in two-wheeler vehicles.
Application Type Insights:
- Engine: Bearings applied in engine components to reduce friction.
- Transmission: Bearings used within transmission systems.
- Wheel: Bearings supporting wheel functions.
- Steering: Bearings used in steering mechanisms.
- Others: Bearings applied in other automotive components.
Bearing Type Insights:
- Ball Bearing: Bearings featuring balls to maintain separation between bearing races.
- Roller Bearing: Bearings using rollers as the rolling elements.
- Plain Bearing: Bearings consisting of a simple bearing surface without rolling elements.
Demand Category Insights:
- OEM: Bearings used by original equipment manufacturers during vehicle production.
- Aftermarket: Bearings replaced or upgraded post vehicle sale.
Region Insights:
- North India: Market for automotive bearings in northern states.
- South India: Market in southern Indian states.
- East India: Market covering eastern Indian states.
- West India: Market including western Indian states.
REGIONAL INSIGHTS
The report does not specify a dominant region or detailed regional statistics such as market share or CAGR. It provides an analysis of major regional markets including North India, South India, East India, and West India without highlighting dominance or precise numerical data.
RECENT DEVELOPMENTS & NEWS
In January 2025, SKF India launched a nationwide mobile van campaign to train two-wheeler mechanics across 100 cities, aiming to improve maintenance standards and promote genuine bearings to combat counterfeit products, enhancing India’s aftermarket segment.
In September 2024, NSK Ltd. introduced a low-friction hub unit bearing that reduces friction by 40% while maintaining muddy water resistance, improving driving range and supporting fuel efficiency advancements in the Indian automotive bearing market.
KEY PLAYERS
- FERSA
- SKF India
- NSK Ltd.
CUSTOMIZATION NOTE:
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
ABOUT US
IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
CONTACT US
IMARC Group,
134 N 4th St. Brooklyn, NY 11249, USA,
Email: sales@imarcgroup.com,
Tel No: (D) +91-120-433-0800,
United States: +1-201-971-6302
