In 2023, the import volume of balls, needles, and rollers for bearings to India was 19.9 million kilograms. From 2024 to 2028, there is a consistent rising trend with the volume forecasted to grow from 20.825 to 24.625 million kilograms. This indicates an annual growth rate of approximately 4-5% year-on-year, with a compound annual growth rate (CAGR) of about 4.29% from 2023 to 2028.

Future trends to watch for:

Technological advancements in bearing materials potentially reducing the need for imports.
Market dynamics such as tariffs and trade policies impacting import levels.
Incremental industrial growth that may drive greater demand for machine components, including bearings.