Combined ball and roller bearings market in Germany

Earlier Report Observations

The German market for combined ball and roller bearings experienced robust growth from 2018 to 2020, with its total value rising from 414.8 million USD to 505.8 million USD. This expansion of over 90 million USD reflected strong underlying demand within the country's key industrial sectors during the period.

A multi-year contraction followed from 2021 to 2024, bringing the market size down to 384 million USD. Throughout this phase of adjustment, the industry continued to evolve with significant product innovations and corporate activity. In 2023, global bearing manufacturing exceeded 87 billion units, with a strong focus on improving load capacity, friction, and lifespan. The following year, Timken Company entered the market through an acquisition of a leading bearing manufacturer specializing in electric vehicle components. Major players like NSK Ltd., SKF, and Schaeffler also introduced new lightweight and specialized bearing products, particularly targeting the growing electric mobility segment and applications in food processing and construction machinery.

Production combined ball and roller bearings in Germany

In value, 2017-2020, M $ US

Germany's production of combined ball and roller bearings has grown for the third year in a row. In 2020, output reached 528.2 million US dollars, marking a 7.3% increase from the previous year. From 2017 to 2020, production rose by 19%, which translates to an average annual growth rate of 6.0%.

Annual dynamics of production in Germany in value, 2017-2020, M $ US

Exports combined ball and roller bearings from Germany

Exports in kind, t

Germany's exports of combined ball and roller bearings have fallen for the third consecutive year. In 2020, the country exported 3,015 tonnes, reflecting a sharp decline of 27.8% compared to 2019. Between 2017 and 2020, exports dropped by 39.4%, averaging an annual decrease of 15.4%.

Annual dynamics of product's exports from Germany in kind, 2017-2020, t

From 2017 to 2020, Germany's exports of combined ball and roller bearings in volume terms were not highly concentrated. The top three destinations—China (15.8% of exports), Italy (11.5%), and Poland (8.1%)—together accounted for only 35.4% of total shipments.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Germany in kind, 2017-2020

Exports in value, M $ US

Germany's export value for combined ball and roller bearings has declined for the second year in a row. In 2020, exports totaled 128.0 million US dollars, down 21.8% from 2019. Over the 2017-2020 period, exports decreased by 22.7%, with a compound annual growth rate of -8.2%. The peak value was recorded in 2018 at 178.3 million US dollars, which also saw the largest increase of 7.6%.

Annual dynamics of product's exports from Germany in value, 2017-2020, M $ US

Between 2017 and 2020, the partner structure for Germany's exports in value terms was balanced rather than concentrated. China (14.0% of exports), the United States (7.7%), and Italy (7.0%) collectively represented 28.7% of total flows, with many other countries making up the remaining 71.3%.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Germany in value, 2017-2020

Imports combined ball and roller bearings to Germany

Imports in kind, t

After two years of decline, Germany's imports of combined ball and roller bearings increased in 2020. The country imported 5,451 tonnes, up 9.0% from 2019. The lowest volume was recorded in 2019 at 4,999 tonnes, while the largest drop occurred in 2018 with an 8.0% decrease.

Annual dynamics of product's imports to Germany in kind, 2017-2020, t

From 2017 to 2020, Italy (36.5% of imports), China (14.8%), and Slovakia (12.5%) consistently led Germany's import structure in volume terms, together accounting for 63.8% of total inflows.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Germany in kind, 2017-2020

Imports in value, M $ US

Germany's import value for combined ball and roller bearings has fallen for the second consecutive year. In 2020, imports amounted to 105.6 million US dollars, a significant drop of 15.5% from the previous year. Between 2017 and 2020, imports decreased by 8.2%, averaging an annual decline of 2.8%. The highest value was in 2018 at 126.8 million US dollars, which also experienced the largest increase of 10.2%.

Annual dynamics of product's imports to Germany in value, 2017-2020, M $ US

Over the 2017-2020 period, Italy (37.0% of imports), Austria (12.0%), and Slovakia (8.3%) consistently held top positions in Germany's import structure in value terms, jointly representing 57.3% of total flows.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Germany in value, 2017-2020