The import of gearing, ball screws, speed changers, and torque converters to India is projected to follow a steady growth path from 2024 to 2028. In 2023, imports stood at 19.8 million kilograms. Forecasts indicate a gradual year-on-year increase, with 2024 beginning at 20.394 million kilograms and reaching 22.476 million kilograms by 2028. The compound annual growth rate (CAGR) over this period is approximately 2.5%, reflecting a stable upward trend in demand for these components.

Future trends to watch for include:

Increasing industrial automation, which may boost import demand.
Potential shifts in manufacturing locations that might influence supply chain dynamics.
Policy changes around Import duties and local manufacturing incentives.