Bearings in Middle East & Africa industry profile provides top-line qualitative and quantitative summary information including: market size (value 2019-24, and forecast to 2029). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- Bearings are mechanical elements that reduce friction between moving elements and limit relative motion to desired motion. There are three main types of bearings: ball bearings, roller bearings, and other bearings. Other bearing types include slewing bearings, thrust ball bearings, sleeve bearings, and specialty bearings.
- The Middle East and African bearings market recorded revenues of $2.6 billion in 2024, representing a compound annual growth rate (CAGR) of 4.9% between 2019 and 2024.
- The automotive segment accounted for the market's largest proportion in 2024, with total revenues of $0.6 billion, equivalent to 23.5% of the market's overall value.
- The Middle East & African market is growing, driven by urbanization and an increase in infrastructural projects. The rapid urbanization in the MEA region fosters substantial infrastructure and industrial development, directly escalating the demand for bearings across various sectors.
Scope
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the bearings market in Middle East & Africa
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the bearings market in Middle East & Africa
- Leading company profiles reveal details of key bearings market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Middle East & Africa bearings market with five year forecasts
Reasons to Buy
- What was the size of the Middle East & Africa bearings market by value in 2024?
- What will be the size of the Middle East & Africa bearings market in 2029?
- What factors are affecting the strength of competition in the Middle East & Africa bearings market?
- How has the market performed over the last five years?
- What are the main segments that make up Middle East & Africa's bearings market?
Table of Contents
1 Executive Summary
2 Market Overview
3 Market Data
4 Market Segmentation
5 Market Outlook
6 Five Forces Analysis
7 Competitive Landscape
8 Company Profiles
9 Macroeconomic Indicators
10 Appendix
List of Tables
List of Figures
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- NTN Corp
- AB SKF
- Schaeffler AG
- NSK Corp
