Ever since the ancient Egyptians used a form of roller bearings to move large stones for the construction of pyramids, the demand for bearings has never dampened. Cut to the present, with the increasing industrialization in developing countries such as India, the bearings market is expected to grow at a steady CAGR for the next five years. In India, the growth of the bearing market is driven by the policies aimed at infrastructure and industrial development of India. The Indian government has declared mega projects that would uplift the transportation, energy, and manufacturing sectors, fuelling the demand for bearings. This spike in demand is attributed to the fact that bearings are the key element for many different industries such as automotive, aerospace, construction and power generation. In the majority of bearing types, the spherical roller bearings are foreseen to hold their authority in Indian market. As these bearings can carry very high loads and are resistant to harsh operational conditions and misalignments, they are exactly what is needed.
Secondly, the emphasis of the country on Make in India and the favorable government policies that are aimed at enhancing the domestic manufacturing raises the country’s demand for bearings that are produced within the country. The bearing market is one of the key areas that are playing a crucial role in making sure that the operations run smoothly across industries and thus, the manufacturers as well as suppliers are gearing up to utilize the emerging opportunities in India’s booming market.
In this issue, we acquaint you with the top companies from this field. After studying the industry landscape in-depth, Industry Outlook has zeroed in on the top ones that have excelled with their meticulous approach. Having proven their dedication in order to meet the customer’s expectations in an end-to-end manner, these companies have stood out from the crowd
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