In 2023, the import volume of bearing housings without ball or roller bearings, plain shaft bearings to India was lower than the forecasted 6.6106 million kilograms for 2024. The year-on-year growth forecast for 2024-2025 is 3.90%, for 2025-2026 is 3.67%, for 2026-2027 is 3.48%, and for 2027-2028 is 3.29%. The projected compound annual growth rate (CAGR) from 2024 to 2028 is roughly 3.59%, indicating a steady increase in imports over this period.
Future trends to watch include:
- Technological advancements in plain shaft bearings could influence import volumes.
- Potential shifts in global trade policies impacting India's import dynamics.
- Growing industrial sectors in India driving increased demand.
