The market is dominated by domestic suppliers, as imports account for 32.8% of total market size in 2023. B2B drives market demand, with B2B spending representing 98.6% of total demand in 2023. India has the second largest market size for bearings, gears, and driving elements regionally, with demand reaching USD16.4 billion in 2023. Sujana Universal Industries Ltd is the largest company in India, generating 4.8% of the industry’s total production value in 2023. The industry is fragmented, with the top five companies generating 16.7% of total production value in 2023. The total number of companies increases in 2023, to 102,425 units. The costs of the industry increase by 1.8% in 2023, largely driven by rising B2B costs. The industry’s profitability increases and stands at 7.1% of production value in 2023, the 16th highest regionally. The industry’s exports share decreases in 2023 to 19.4% of total production output. With production value of USD9.4 billion, India accounts for 8.0% of the Asia Pacific total in 2023.
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This Euromonitor industrial report provides unique information on Bearings, Gears, and Driving Elements in India: ISIC 2913. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Bearings, Gears, and Driving Elements in India: ISIC 2913 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
This is the aggregation of general purpose machinery and special purpose machinery.
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