In 2023, the import of needle roller bearings to Germany was approximately 16.2 million kilograms. The forecast for 2024 predicts a volume of 16.77 million kilograms, with a projected steady year-on-year growth rate around 3% over the following years, reaching 18.808 million kilograms by 2028. The compound annual growth rate (CAGR) is estimated at roughly 2.8% from 2024 to 2028.
Future trends to watch for include:
- Supply chain dynamics, especially as global manufacturing shifts post-pandemic.
- Technological advancements in bearing manufacturing, potentially enhancing product performance and demand.
- Market influences from the automotive and industrial sectors, primary consumers of needle roller bearings.