The bearings sector plays a crucial role in various industries, including automotive, manufacturing, railways and aerospace. Bearings are essential components that help reduce friction between moving parts in machinery, thereby improving efficiency and performance.
India has a growing bearings industry driven by rapid industrialisation, increasing automobile production and infrastructure development. The sector is influenced by factors such as raw material prices, technological advancements, government policies and global demand for industrial equipment.
The government supports the bearings industry through initiatives like the Make in India campaign, which encourages domestic manufacturing and reduces reliance on imports. Investments in railway expansion, smart cities and electric vehicles (EVs) create new opportunities for bearings manufacturers.