In 2023, Germany led the global exports of bearing housings without ball or roller bearings, capturing the largest market share, followed by the United States and Japan. Notable growth was observed in smaller markets, such as the Netherlands, Switzerland, and Mexico, driven by increasing variations. On the contrary, countries like Brazil and Ukraine reported negative growth. Emerging markets, particularly in Asia like the Philippines, showcased impressive year-on-year growth, signaling a shift in manufacturing hubs. The sector's compound annual growth rate (CAGR) over the last five years highlights steady performance, emphasizing resilience amid economic fluctuations.
Looking forward, the strengthening of supply chains in Asia will likely dominate future trends. The continuous rise of new manufacturing centers in emerging markets may redistribute market shares, while geopolitical dynamics could also influence trade routes. Increased emphasis on sustainability and innovations in manufacturing technologies are expected to shape the industry's trajectory.
Top countries in Export of Bearing Housings without Ball or Roller Bearings, Plain Shaft Bearings Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 23.04 | 2023 | +2.22% | +1.92% | View data |
| 2 | 2 United States | 14.64 | 2023 | +2.76% | +2.76% | View data |
| 3 | 3 Japan | 12.21 | 2023 | +1.26% | +1.04% | View data |
| 4 | 4 China | 10.48 | 2023 | +3.18% | +2.73% | View data |
| 5 | 5 United Kingdom | 3.66 | 2023 | +1.58% | +1.27% | View data |
| 6 | 6 France | 3.27 | 2023 | +2.08% | +1.88% | View data |
| 7 | 7 Mexico | 3.21 | 2023 | +3.49% | +3.56% | View data |
| 8 | 8 Austria | 2.94 | 2023 | +0.94% | +0.31% | View data |
| 9 | 9 Netherlands | 2.67 | 2023 | +4.63% | +4.71% | View data |
| 10 | 10 Poland | 2.31 | 2023 | +3.3% | +1.91% | View data |
