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India Industrial Bearings Market Forecast, Growth, Trends, and Research Report by 2033
Posted: Feb 08, 2026
The India Industrial Bearings Market was valued at USD 7.80 Billion in 2024 and is forecasted to grow to USD 11.41 Billion by 2033. The market is projected to grow at a CAGR of 4.33% during the forecast period of 2025–2033. Growth is driven by demand for energy-efficient and high-performance bearings from automotive, renewable energy, and manufacturing sectors, supported by government initiatives like "Make in India" and growing automation and smart manufacturing. The report presents a thorough review featuring the India Industrial Bearings Market Forecast, share, trends, and research of the industry.
STUDY ASSUMPTION YEARS
INDIA INDUSTRIAL BEARINGS MARKET KEY TAKEAWAYS
Sample Request Link: https://www.imarcgroup.com/india-industrial-bearings-market/requestsample
MARKET TRENDS
The India industrial bearings market is significantly impacted by a growing shift toward energy-efficient bearings, propelled by increased emphasis on sustainability and cost reduction. Leading sectors such as manufacturing, automotive, and renewable energy are adopting advanced bearing technologies designed to reduce friction, minimize energy consumption, and improve operational efficiency. The renewable energy market in India was valued at USD 23.9 Billion in 2024 and is expected to grow at a CAGR of 8.1% to USD 52.1 Billion by 2033, leading to greater investments in internationally standardized bearings.
Automation and the adoption of smart manufacturing practices are transforming the market landscape. Industry 4.0 technologies, including AI and machine learning, are anticipated to account for 40% of India’s manufacturing spending by 2025, up from 20% in 2021. The industrial automation market is projected to grow at a CAGR of 14.26% to reach USD 29.43 Billion by 2029. This intensifies demand for precision-engineered bearings that integrate with automated and IoT-enabled machinery, particularly in automotive, electronics, and pharma sectors.
Additionally, bearing equipment with real-time monitoring sensors for performance, temperature, and vibration is gaining popularity, especially in automotive, aerospace, and heavy machinery. These innovations help reduce downtime and maintenance costs. The Indian government's "Make in India" initiative fosters domestic manufacturing growth, encouraging investment in advanced machinery and smart factory technologies, further fueling bearing market expansion.
MARKET GROWTH FACTORS
Growth in the India industrial bearings market is driven by expanding manufacturing activities, infrastructure upgrades, and rising adoption of electric vehicles. Sectors such as renewable energy, rail, and aerospace also contribute substantially. Government programs supporting locally made and energy-efficient machinery amplify overall market momentum.
The rise of automation and smart manufacturing in industries like automotive, electronics, and pharmaceuticals is catalyzing demand for high-performance industrial bearings. The shift toward automated machinery requiring precision-engineered and sensor-equipped bearings enhances operational efficiency and productivity.
Furthermore, the Indian government's "Make in India" initiative promotes domestic production, resulting in increased investment in advanced machinery and automation. This fosters innovation in bearing technologies and positions manufacturers for sustained growth by addressing automated and smart factory demands.
MARKET SEGMENTATION
Bearing Type Insights:
End-User Industry Insights:
Regional Insights:
REGIONAL INSIGHTS
The report analyzes all major regions in India, including North India, South India, East India, and West India. Specific quantitative regional data such as market share and CAGR are not provided in the source. The comprehensive analysis covers these regions for detailed understanding of market dynamics during 2025-2033.
RECENT DEVELOPMENTS & NEWS
On September 18, 2024, NBC Bearings, India's largest bearing manufacturer and innovator in industrial and electric vehicle bearings, announced plans to invest ₹750 Crores (approximately USD 91.46 Million) over the next four years. The investment focuses on expanding Indian manufacturing capacity and developing sensor-based, low-noise bearings to meet increasing domestic demand.
KEY PLAYERS
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 provides 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.
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About the Author
As the Senior Director of Market Research at IMARC Services Private Limited, I lead strategic initiatives to deliver in-depth market analysis and insights. With a focus on innovation and accuracy,
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