The import of transmission shafts and cranks, cam and crank shafts to India is projected to rise consistently from 2024 to 2028. In 2023, the value stood at 97 million. Forecasted data shows a year-on-year increase, with values reaching 101.44 million in 2024 and climbing to 119.39 million by 2028. This reflects a compound annual growth rate (CAGR) of approximately 4.1% over five years, highlighting a steady upward trend in the import market for these components.

Future trends to watch for include:

Technological advancements in the manufacturing of shafts which could influence the demand.
Potential policy changes affecting import tariffs or trade agreements impacting cost and volume.
Sustainability practices in production and usage, driving shifts towards alternative materials or suppliers.
Automotive industry growth trends, influencing the demand for transmission components.