EDAP TMS SA (EDAP) - Product Pipeline Analysis, 2023 Update

Middle East and Africa (MEA) Bearings Market Summary, Competitive Analysis and Forecast to 2027

Summary

Bearings in Middle East & Africa industry profile provides top-line qualitative and quantitative summary information including: market size (value 2017-22, and forecast to 2027). 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 segment’s scope includes slewing bearings, thrust ball bearings, sleeve bearings, and specialty bearings.
• The Middle East & African bearings market had total revenues of $2.3 billion in 2022, representing a compound annual growth rate (CAGR) of 1.4% between 2017 and 2022.
• The automotive segment accounted for market's the largest proportion in 2022, with total revenues of $0.5 billion, equivalent to 23.5% of the market's overall value.
• According to the US Department of State, the National Investment Strategy intends to expand the Saudi economy by expanding private sector contribution to 65% of the total GDP and raising foreign direct investment to 5.7% of the total GDP.

Scope

• 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

Reasons to Buy

• What was the size of the Middle East & Africa bearings market by value in 2022?
• What will be the size of the Middle East & Africa bearings market in 2027?
• 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?