According to TechSci Research report, “India Automotive Bearing Market – By Region, Competition, Forecast, and Opportunities, 2029F,” The performance and dependability of vehicles are essential to automobile companies. Due to consumer demands for comfort, electrification, autonomous driving, and noise reduction, manufacturers are being forced to assess every aspect of their cars. The automotive bearing’s main objective is to make sure that the car’s moving components, such as the steering column and seat track rails, move easily and silently.
The three main types of bearings are ball bearings, roller bearings, and simple bearings. Ball bearings, as their name suggests, use rows of balls as the rolling elements and offer extremely low rolling friction, even though this form of bearing has a limited load capability. Additionally, compared to ball bearings, roller bearings, which have rolling components in the form of a cylinder, have a greater loading capacity.
A plain bearing, also referred to as a sliding contact bearing, is the most basic form of bearing and contains a bearing surface. In addition, as technology advances and automobile sales rise in the last year, the demand for the automotive bearings market in India continues to grow in 2022 and it is expected that it will grow at a higher rate in the coming years.
Due to its ties to many different industries, the automotive industry is regarded as one of the major drivers of economic development. With 17.5 million domestic sales of automobiles in FY22, India is one of the world’s biggest markets for these vehicles. The two-wheeler and passenger car markets also control the automotive industry. To create bearings for vehicles that are more effective and long-lasting, the manufacturers of automotive bearings are investing in research and development. This results in more advance bearings for vehicles with cost-effectiveness in the market. Additionally, many manufacturers are concentrating on creating unique bearings for electric vehicles as the Indian government pushes for the adoption of electric passenger cars and two-wheelers in India.
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Many organizations invested and collaborated with other companies to improve their market shares in India automotive bearing market. For example,, in 2022, Schaeffler India opened a warehousing and consolidation facility in Hosur. The state-of-the-art building is 100,000 square feet in size and equipped with cutting-edge technology and infrastructure. Furthermore, in 2023, the first widely accessible electric light-duty pickup truck to reach the market, the Ford F-150 Lightning, was using packaged wheel bearings developed by Timken Corporation.
In 2021, NTN Corporation expanded the mass production of needle roller bearings with its proprietary solid grease for motorcycle swing arm pivot shafts. Also, the NTN Company created a Multi-Track Magnetic Encoder Integrated Rolling Bearing in 2022 with exceptional environmental resilience and high-resolution angle detection to improve its efficiency by combining a bearing and a magnetic type encoder. A novel hybrid deep groove ball bearing with a high-performance two-piece polymer cage was created by SKF in 2022 for use in high-speed applications. Owing to the above-mentioned developments, it is anticipated that the automotive bearing market has the potential to grow at higher rates in the coming years.
India Automotive Bearing Market can be segmented by vehicle type, by application type, by bearing type, demand category, and by region. On the basis of vehicle type, the market is segmented into Passenger cars, Light Commercial vehicles, Medium & Heavy Commercial vehicles, and Two-Wheeler. Based on the application type, it is further segmented into Engine, Transmission, Wheel, Steering, and Others. Furthermore, on the basis of Bearing Type, the market is segmented into Ball Bearing, Roller Bearing, and Plain Bearing. Based on the demand category, the market is divided into OEM and Aftermarket. Furthermore, the market is also divided into regions mainly into North, West, South and East.
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“Rapid growth in the automotive industry in India is expected to boost the automotive bearing market in coming years. Two-wheeler segment continues to dominate the market due to the large volume of two-wheelers sold in India as overall revenue, with the addition of electric passenger cars in the market. The addition of electric vehicles in the Indian automobile industry is expected to drive the automotive bearing industry at a higher rate in the forecast years.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
“India Automotive Bearing Market Segmented By Vehicle Type (Passenger Car, Light Commercial Vehicle, Medium & Heavy Commercial Vehicle, Two-Wheeler), By Application (Engine, Transmission, Wheel, Steering, Others), By Bearing Type (Ball Bearing, Roller Bearing, Plain Bearing), By Demand Category (OEM, Aftermarket), By Region (North, West, South, East), Competition Forecast & Opportunities, 2018- 2028F” has evaluated the future growth potential of India Automotive Bearing market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the India Automotive Bearing Market.
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1.1. Product Overview
1.2. Key Highlights of the Report
1.3. Market Coverage
1.4. Market Segments Covered
1.5. Research Tenure Considered
2.1. Objective of the Study
2.2. Baseline Methodology
2.3. Key Industry Partners
2.4. Major Association and Secondary Sources
2.5. Forecasting Methodology
2.6. Data Triangulation & Validation
2.7. Assumptions and Limitations
3.1. Market Overview
3.2. Market Forecast
3.3. Key Regions
3.4. Key Segments
4.1. Impact Assessment Model
4.1.1. Key Segments Impacted
4.1.2. Key Regions Impacted
5.1. Factors Influencing Purchase Decision
5.2. Brand Awareness
5.3. Brand Satisfaction Level
5.4. Challenges and Unmet Needs
6.1. Market Size & Forecast
6.1.1. By Value
6.1.2. By Volume
6.2. Market Share & Forecast
6.2.1. By Vehicle Type (Passenger Cars, Light Commercial Vehicles, Medium & Heavy Commercial Vehicles, Two-Wheelers)
6.2.2. By Application Type (Engine, Transmission, Wheel, Steering, Others)
6.2.3. By Bearing Type (Ball Bearing, Roller Bearing, Plain Bearing)
6.2.4. By Demand Category (OEM, Aftermarket)
6.2.5. By Regional Market Share Analysis
6.2.5.1. North Market Share Analysis
6.2.5.2. West Market Share Analysis
6.2.5.3. South Market Share Analysis
6.2.5.4. East Market Share Analysis
6.2.6. By Company Market Share Analysis (By Value, FY2023)
6.3. India Automotive Bearing Market Mapping & Opportunity
6.3.1. By Vehicle Type Market Mapping & Opportunity Assessment
6.3.2. By Application Type Mapping & Opportunity Assessment
6.3.3. By Bearing Type Mapping & Opportunity Assessment
6.3.4. By Demand Category Mapping & Opportunity Assessment
6.3.5. By Regional Market Mapping & Opportunity Assessment
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