The import of needle roller bearings to India is forecasted to increase steadily from 2024 to 2028, starting at 1.4291 million kilograms in 2024 and rising to 1.6337 million kilograms in 2028.
Year-on-year growth rates are as follows: 3.67% in 2025, 3.49% in 2026, 3.30% in 2027, and 3.13% in 2028. The compound annual growth rate (CAGR) from 2024 to 2028 is approximately 3.39%.
In 2023, the import volume was lower, reflecting a continuing upward trend in import needs possibly driven by sectors such as automotive and industrial machinery.
Future trends to watch for include:
- Potential impacts of domestic manufacturing policies on import volumes.
- Technological advancements in the Indian bearing industry.
- Shifts in demand driven by changes in the global supply chain dynamics.
