The ball and roller bearings market size in Germany, expressed in volume, recorded 110 million kilograms in 2023. Between 2021 and 2023, the market demonstrated a moderate annual increase of over 1% year-on-year, recovering from a decline experienced after 2019. From 2024 onward, the market is expected to grow at a compound annual growth rate (CAGR) of around 1.53%, reaching an anticipated volume of approximately 121.15 million kilograms by 2028.
Trends to watch for in the future:
- Continued recovery and stabilization of the market post-2019 turmoil, driven by increased industrial demand.
- Possible impact of automation and Industry 4.0 on the demand for precision and specialized bearings.
- The influence of European environmental regulations on bearing material and design innovations.
