Bearings in Middle East & Africa
Summary
Bearings in Middle East & Africa industry profile provides top-line qualitative and quantitative summary information including: market size (value 2019-24, and forecast to 2029). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- Bearings are mechanical elements that reduce friction between moving elements and limit relative motion to desired motion. There are three main types of bearings: ball bearings, roller bearings, and other bearings. Other bearing types include slewing bearings, thrust ball bearings, sleeve bearings, and specialty bearings.
- The Middle East and African bearings market recorded revenues of $2.6 billion in 2024, representing a compound annual growth rate (CAGR) of 4.9% between 2019 and 2024.
- The automotive segment accounted for the market's largest proportion in 2024, with total revenues of $0.6 billion, equivalent to 23.5% of the market's overall value.
- The Middle East & African market is growing, driven by urbanization and an increase in infrastructural projects. The rapid urbanization in the MEA region fosters substantial infrastructure and industrial development, directly escalating the demand for bearings across various sectors.
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the bearings market in Middle East & Africa
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the bearings market in Middle East & Africa
- Leading company profiles reveal details of key bearings market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Middle East & Africa bearings market with five year forecasts
- What was the size of the Middle East & Africa bearings market by value in 2024?
- What will be the size of the Middle East & Africa bearings market in 2029?
- What factors are affecting the strength of competition in the Middle East & Africa bearings market?
- How has the market performed over the last five years?
- What are the main segments that make up Middle East & Africa's bearings market?
- 1 Executive Summary
- 1.1. Market value
- 1.2. Market value forecast
- 1.3. Category segmentation
- 1.4. Geography segmentation
- 1.5. Market rivalry
- 1.6. Competitive landscape
- 2 Market Overview
- 2.1. Market definition
- 2.2. Market analysis
- 3 Market Data
- 3.1. Market value
- 4 Market Segmentation
- 4.1. Category segmentation
- 4.2. Geography segmentation
- 5 Market Outlook
- 5.1. Market value forecast
- 6 Five Forces Analysis
- 6.1. Summary
- 6.2. Buyer power
- 6.3. Supplier power
- 6.4. New entrants
- 6.5. Threat of substitutes
- 6.6. Degree of rivalry
- 7 Competitive Landscape
- 7.1. Who are the leading players?
- 7.2. What are the strengths and strategies of the leading players?
- 7.3. What are the recent developments in the market?
- 8 Company Profiles
- 8.1. NTN Corp
- 8.2. AB SKF
- 8.3. Schaeffler AG
- 8.4. NSK Corp
- 9 Macroeconomic Indicators
- 9.1. Country data
- 10 Appendix
- 10.1. Methodology
- 10.2. Industry associations
- 10.3. Related GlobalData research
- 10.4. About GlobalData
- List of Tables
- Table 1: Middle East & Africa bearings market value: $ million, 2019–24
- Table 2: Middle East & Africa bearings market category segmentation: % share, by value, 2019–24
- Table 3: Middle East & Africa bearings market category segmentation: $ million, 2019-24
- Table 4: Middle East & Africa bearings market geography segmentation: $ million, 2024
- Table 5: Middle East & Africa bearings market value forecast: $ million, 2024–29
- Table 6: NTN Corp: Key Facts
- Table 7: NTN Corp: annual financial ratios
- Table 8: NTN Corp: key employees
- Table 9: AB SKF: Key Facts
- Table 10: AB SKF: annual financial ratios
- Table 11: AB SKF: key employees
- Table 12: Schaeffler AG: Key Facts
- Table 13: Schaeffler AG: annual financial ratios
- Table 14: Schaeffler AG: key employees
- Table 15: Schaeffler AG: key employees Continued
- Table 16: NSK Corp: Key Facts
- Table 17: NSK Corp: key employees
- Table 18: Middle East & Africa Size of Population (Million), 2020–24
- Table 19: Middle East & Africa Real GDP (Constant 2010 Prices, $ Billion), 2020–24
- Table 20: Middle East & Africa GDP (Current Prices, $ Billion), 2020–24
- Table 21: Middle East & Africa Inflation, 2020–24
- Table 22: Middle East & Africa Consumer Price Index (Absolute), 2020–24
- Table 23: Middle East & Africa Exchange Rate, 2019–24
- List of Figures
- Figure 1: Middle East & Africa bearings market value: $ million, 2019–24
- Figure 2: Middle East & Africa bearings market category segmentation: $ million, 2019-24
- Figure 3: Middle East & Africa bearings market geography segmentation: % share, by value, 2024
- Figure 4: Middle East & Africa bearings market value forecast: $ million, 2024–29
- Figure 5: Forces driving competition in the bearings market in Middle East & Africa, 2024
- Figure 6: Drivers of buyer power in the bearings market in Middle East & Africa, 2024
- Figure 7: Drivers of supplier power in the bearings market in Middle East & Africa, 2024
- Figure 8: Factors influencing the likelihood of new entrants in the bearings market in Middle East & Africa, 2024
- Figure 9: Factors influencing the threat of substitutes in the bearings market in Middle East & Africa, 2024
- Figure 10: Drivers of degree of rivalry in the bearings market in Middle East & Africa, 2024
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