Bearings in Europe industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume 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 European bearings market recorded revenues of $23.7 billion in 2024, representing a compound annual growth rate (CAGR) of 5.6% between 2019 and 2024.
- The automotive segment accounted for the market's largest proportion in 2024, with total revenues of $8.2 billion, equivalent to 34.5% of the market's overall value.
- Germany currently dominates the European bearings market and will likely continue to dominate during the forecast period. This is a result of the growing need for bearing products in the food and beverage, construction, and automotive industries.
Scope
- Save time carrying out entry-level research by identifying the size, growth, and leading players in the bearings market in Europe
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the bearings market in Europe
- 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 Europe bearings market with five year forecasts by both value and volume
Reasons to Buy
- What was the size of the Europe bearings market by value in 2024?
- What will be the size of the Europe bearings market in 2029?
- What factors are affecting the strength of competition in the Europe bearings market?
- How has the market performed over the last five years?
- How large is Europe’s bearings market in relation to its regional counterparts?
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
- NSK Corp
- AB SKF
- Schaeffler AG
