Bearings Market Outlook & Forecast Report 2025-2030: Competitive Industry Sees Innovations in Hybrid, Self-Lubricating, and Energy-Efficient Solutions, with SKF, NTN, Schaeffler, and Timke...
SKF AB S/ADR (SKFRY)
NASDAQ:AMEX Investor Relations:
skf.com/group/investors/investor-relations
Company Research
Source: Yahoo! Finance
The Bearings Market was valued at USD 54.1 billion in 2024, and is projected to reach USD 78.45 billion by 2030, rising at a CAGR of 6.39%. In the global bearing market, the APAC region holds the largest share, driven by the region's strong industrialization, rapid urbanization, and robust manufacturing sector. APAC, particularly countries like China, Japan, India, and South Korea, are major contributors due to their large automotive, machinery, and equipment manufacturing industries, which extensively utilize bearings in various applications. Additionally, the region benefits from cost-effective production, an abundance of raw materials, and significant investments in infrastructure development, further propelling the demand for bearings. Europe, with a significant contribution from countries like Germany, France, and the UK holds a significant share of the global bearing market. Europe has a well-established automotive industry and strong manufacturing base, which are key drive
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News
- AB SKF (OTCMKTS:SKFRY) was upgraded by analysts at BNP Paribas to a "hold" rating.MarketBeat
- AB SKF (OTCMKTS:SKFRY) was upgraded by analysts at Zacks Research from a "hold" rating to a "strong-buy" rating.MarketBeat
- After COP30 - SKF brings industry together to accelerate sustainable transformation [Yahoo! Finance]Yahoo! Finance
- AB SKF (OTCMKTS:SKFRY) was upgraded by analysts at Deutsche Bank Aktiengesellschaft from a "hold" rating to a "buy" rating.MarketBeat
- SKF hosts Capital Markets Day; announces updated strategy and new financial targets [Yahoo! Finance]Yahoo! Finance