The ball or roller bearings market in Germany, expressed in value, stood at 1.4714 billion Euros in 2023. Over the past decade, the market has experienced a notable decline after its peak in 2014. Specifically, the last two years showed a downturn, with a year-on-year decrease in 2023 of 5.49%. Over the past five years, the compound annual growth rate (CAGR) was -4.71%, showing a steady decline since 2015.
Future trends to watch for include technological advancements in bearing design and materials, increasing demand from the automotive and industrial sectors, and shifts in global manufacturing bases which could impact the supply chain dynamics for Germany's bearing industry.
How does Germany rank in Ball or Roller Bearings Market Size Value?
| # | 8 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 1,471,400,000 | 2023 | -5.49% | -4.71% | |
| 2 | 2 Italy | 976,030,000 | 2023 | -0.41% | -0.085% | View data |
| 3 | 3 Spain | 829,130,000 | 2023 | +4.55% | +4.45% | View data |
| 4 | 4 France | 735,550,000 | 2023 | +0.74% | +0.41% | View data |
| 5 | 5 Denmark | 367,170,000 | 2023 | +4.06% | +2.94% | View data |
