The Bearing Housings and Plain Shaft Bearings Market in Lithuania saw fluctuations in volume from 2013 to 2023, with the volume standing at 147.07 thousand kilograms in 2023. Significant growth occurred between 2018 and 2020, driven by a strong 18.61% increase in 2020. However, this was followed by a decline in 2021 and slow recovery afterward, marking a 3.25% year-on-year increase in 2023.
Notable trends and forecasts to watch for in this market include:
- Increasing demand in industrial automation and machinery may drive future growth.
- Potential technological advancements in bearings could influence market dynamics.
- Environmental policies may impact manufacturing and raw material costs.
| # | 5 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 48,448,000 | 2023 | +3.24% | +0.49% | View data |
| 2 | 2 France | 10,402,000 | 2023 | +1.68% | -0.98% | View data |
| 3 | 3 Netherlands | 2,642,600 | 2023 | +1.64% | +0.34% | View data |
| 4 | 4 Finland | 1,735,800 | 2023 | +2.69% | +0.052% | View data |
| 5 | 5 Lithuania | 147,070 | 2023 | +3.25% | +3.16% |
