On October 31, 2024, Sweden’s SKF Group and German machine tool manufacturer DMG MORI announced the joint development of the SKF Insight™ ultra-precision bearing system, designed for high-end machine tool spindles. This system integrates real-time monitoring functions for load, temperature, and vibration. Without changing the size of traditional bearings, it extends bearing service life by 40% thr

On July 31, 2024, Germany’s Schaeffler Group announced that its newly developed TriFinity™ wheel end bearing has been shortlisted for the "Components & Innovative Technologies" award at Automechanika Frankfurt 2024 (International Trade Fair for Automotive Parts, Equipment and Services). As the world’s first three-row ball bearing, it adopts a unique face spline structure design. Compared with trad

On June 1, 2023, SKF announced that the Product Category Rule (PCR) for bearings, which it led in formulating, has been approved by the International Environmental Product Declaration (EPD) system, becoming the world’s first unified environmental assessment standard for the bearing industry. This rule standardizes the life cycle assessment methodology for bearings, covering core indicators such as

According to a report released by Precedence Research in January 2025, the global bearing market size reached USD 145.19 billion in 2024. The Asia-Pacific region, with sales of USD 54.35 billion, accounted for 41% of the global market share, among which China and Japan emerged as core growth engines. The regional growth is mainly driven by the expansion of automobile manufacturing—demand for passe