Schaeffler Business Model Canvas
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Downloadable Business Model Canvas — Complete 9-block Strategic Blueprint (Word & Excel)
Unlock the full strategic blueprint behind Schaeffler’s Business Model Canvas and see how the company creates value, scales operations, and sustains competitive advantage. This downloadable, editable canvas covers all nine blocks—value propositions, key partners, revenue streams—and comes in Word and Excel. Ideal for investors, consultants, and students seeking actionable, ready-to-use insights—download now.
Partnerships
OEM co-development alliances
Joint engineering with automotive OEMs co-designs engines, transmissions, chassis and e-mobility systems to lock in platform wins that deliver multi-year volumes; Schaeffler’s 2024 co-development pipeline targeted strategic programs supporting EV modules and drivetrain integrations.
Early integration and shared roadmaps cut redesign risk and accelerate time-to-market—industry APQP best practices shorten launch timelines and help capture platform allocations worth tens to hundreds of millions EUR per program.
Co-location of teams and APQP governance enforce quality gates, reducing launch defects and warranty exposure while aligning technical roadmaps and procurement cadence across OEMs and suppliers in 2024 partnerships.
Tier-1 and module integrators
Partnerships with Tier-1s for integrated powertrain, thermal, steering and chassis modules ensure system compatibility and packaging efficiency across platforms, supporting Schaeffler’s modular supply strategy. Shared validation with module integrators can cut testing cycles and pre-SOP time by up to 30%, accelerating launches. Joint sourcing and consolidated BOMs improve scale economics, delivering procurement savings in the mid-teens percent range.
Materials and advanced chemistry suppliers
In 2024 Schaeffler strengthened sourcing alliances for specialty steels, coatings, polymers, lubricants and battery-related materials to meet strict performance specs for bearings and e-axle components. Long-term contracts with suppliers stabilize cost and availability across global supply chains. Co-innovation programs drive measurable durability and efficiency gains in EV drivetrains.
Digital, IoT, and software partners
Schaeffler partners with digital, IoT and software firms on sensors, edge analytics, cloud integration and predictive‑maintenance platforms, embedding Industry 4.0 capabilities into components and services. These collaborations strengthen data‑driven value propositions for industrial clients and, per 2024 pilot studies, can cut maintenance costs by up to 30% and speed development via reusable software stacks by ~40%.
- Collaborations: sensors, edge, cloud, predictive maintenance
- Value: Industry 4.0 integrated into products/services
- Impact: up to 30% maintenance cost reduction (2024 pilots)
- Efficiency: ~40% faster development via reusable stacks
Universities and research institutes
Universities and research institutes provide Schaeffler R&D partnerships in materials science, tribology, electrification and AI, leveraging Horizon Europe funding (€95.5 billion framework 2021–2027) to reduce research risk through access to talent and labs. Joint IP pipelines feed future product platforms and co-authored publications strengthen technology leadership.
- R&D focus: materials, tribology, electrification, AI
- Risk mitigation: access to labs, talent, funded projects (Horizon Europe €95.5bn)
- Value: IP pipelines for product platforms
- Credibility: joint publications
OEM co-engineering secures EV platform wins; pilots cut maintenance 30%
Joint OEM co‑engineering locks multi‑year platform wins; 2024 co‑development pipeline prioritized EV modules and drivetrain integrations. APQP governance and co‑location cut launch defects and warranty risk, speeding SOPs. Digital and supplier alliances yielded pilot benefits: up to 30% maintenance cost reduction and ~40% faster software reuse.
| Partner | 2024 Impact |
|---|---|
| OEMs | Platform wins, faster SOP |
| Digital/Tier‑1 | -30% maintenance, ~40% dev |
What is included in the product
Detailed Word Document
A comprehensive, pre-written Business Model Canvas for Schaeffler covering all nine blocks—customer segments, value propositions, channels, revenue streams, key resources, activities, partners, cost structure and customer relationships—reflecting real-world operations, competitive advantages and linked SWOT insights for presentations, investor discussions and strategic decision-making.
Customizable Excel Spreadsheet
High-level, shareable Business Model Canvas for Schaeffler that condenses complex strategy into an editable one-page snapshot, saving hours of formatting and aligning teams quickly for boardrooms, workshops, or comparative analysis.
Activities
Precision engineering and manufacturing
High-precision machining, heat treatment and assembly deliver bearings and motion systems with tolerances down to single-digit micrometers, driving efficiency and longevity. Robust PPAP and SPC workflows sustain consistent quality at scale, supporting high first-pass yields. Continuous improvement initiatives in 2024 focused on cycle-time and scrap reductions through process optimization and automation.
Product and platform R&D
Design of bearings, e-axles, hybrid modules and mechatronic systems drives Schaeffler R&D, supported by simulation, prototyping and validation to substantiate performance claims. Modular architectures enable reuse across vehicle and industrial platforms, shortening integration times and costs. Compliance engineering ensures adherence to global standards; Schaeffler employs around 83,000 people worldwide (2024) across its R&D and production network.
Supply chain and quality management
Global sourcing and vendor development underpin Schaeffler’s supply chain, supporting 2024 group sales of €15.1bn and logistics orchestration across 170+ production sites; dual-sourcing and targeted safety stocks hedge disruptions for the majority of critical components. Advanced quality planning in 2024 cut defect trends and warranty exposure, while end-to-end traceability systems meet regulatory and OEM customer requirements.
Digitalization and Industry 4.0 deployment
- Smart factories: sensorization + analytics
- Predictive maintenance: internal & customer-facing
- MES/PLM: faster changeovers, higher OEE
- Cybersecurity & data governance: protect IP/uptime
Application engineering and technical sales
Application engineering and technical sales deliver on-site support to tailor Schaeffler solutions for OEM and industrial use cases, applying NVH, thermal and load analysis to customize fit and performance; joint testing validates lifetime and reliability while value selling quantifies TCO and efficiency gains. In 2024 Schaeffler invested ~€1.1bn in R&D and serves ~82,000 employees worldwide, supporting rapid deployment and validation.
- On-site customization
- NVH/thermal/load analysis
- Joint lifetime testing
- Value-selling TCO metrics
High-precision manufacturing and ≈€1.1bn R&D drive €15.1bn sales, 170+ sites and 83,000 staff
High-precision machining, heat treatment and assembly deliver micrometer tolerances and high first-pass yields; continuous improvement in 2024 cut cycle-times and scrap. R&D (≈€1.1bn) designs bearings, e-axles and mechatronics; modular architectures shorten integration. Global sourcing across 170+ sites supports €15.1bn 2024 sales and ~83,000 employees.
| Metric | 2024 |
|---|---|
| Group sales | €15.1bn |
| R&D spend | ≈€1.1bn |
| Employees | ~83,000 |
| Production sites | 170+ |
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Business Model Canvas
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Resources
Proprietary designs and patents
Proprietary IP spanning bearing geometries, advanced coatings, mechatronics and e-mobility systems creates technical barriers that protect Schaeffler margins. Defensible differentiation via patents enables premium pricing and cost leverage. Licensing optionality supports partner ecosystems and recurring revenue. Patent portfolio exceeds 10,000 patents and applications as of 2024, signaling innovation leadership.
Advanced manufacturing footprint
Schaeffler maintains a global manufacturing footprint of around 160 plants equipped with precision machines and advanced automation, supporting volumes reported in 2024. Flexible production lines enable mixed-model runs to serve both automotive and industrial segments. Local sites reduce logistics risk and shorten lead times by enabling regional supply, while certified facilities adhere to IATF 16949 and ISO 9001 standards.
Materials and tribology expertise
Deep know-how in metallurgy, surface engineering and lubrication enables Schaeffler to deliver components that sustain extreme loads and environments. This tribology expertise drives lower friction and measurable energy savings across powertrains and industrial applications. Schaeffler leverages its global R&D network and over 80,000 employees to support custom material specifications per application. It underpins product durability and lifecycle cost reduction.
Skilled engineering talent
Skilled engineering talent at Schaeffler combines mechanical, electrical, software, and data specialists in cross-functional teams that accelerate mechatronic innovation; Schaeffler reported approximately 78,300 employees worldwide in 2024 and maintains high R&D intensity (R&D expenditure ~€1.13bn in 2023) to sustain this capability edge. Customer-facing engineers bridge design and application, and continuous training programs preserve competitive know-how.
- Mechanical
- Electrical
- Software
- Data
- Cross-functional teams
- Customer-facing engineers
- Continuous training
Digital platforms and test infrastructure
Digital platforms and test infrastructure combine CAE tools, test rigs and labs with centralized data platforms to accelerate validation cycles and shorten time-to-market through rapid iteration and continuous integration.
High-quality, versioned datasets boost predictive-model accuracy and reduce recall in field failures, while a hardened, compliant IT stack protects designs and customer data across supply chains.
- CAE-driven iteration
- Physical test rigs & labs
- Reliable datasets
- Secure IT stack
Proprietary IP, 160 plants and >10,000 patents fuel premium pricing & rapid innovation
Proprietary IP (>10,000 patents/applications in 2024), global manufacturing (~160 plants), deep materials and tribology know-how, and skilled cross-functional teams (~78,300 employees in 2024; R&D ~€1.13bn in 2023) form Schaeffler’s core resources that enable premium pricing, fast innovation cycles and resilient supply.
| Metric | Value |
|---|---|
| Patents | >10,000 (2024) |
| Plants | ~160 |
| Employees | ~78,300 (2024) |
| R&D spend | €1.13bn (2023) |
Value Propositions
High-efficiency, long-life components
Schaeffler bearings and integrated systems reduce friction and energy use, cutting maintenance needs and lowering total cost of ownership; field-proven designs enable longer service intervals in automotive and industrial applications. Precision performance supports high-speed and heavy-load conditions, while proven reliability minimizes downtime. Schaeffler reported group revenue of about €17.3 billion in 2023 and employs over 80,000 globally.
E-mobility and hybrid solutions
Schaeffler delivers E-axle components, advanced thermal management and integrated mechatronics for electrified drivetrains, enabling compact, efficient designs that extend range and reduce energy loss. NVH-optimized solutions improve ride quality through targeted vibration damping and control algorithms. Scalable platforms support diverse vehicle segments from city cars to commercial EVs while lowering development time and costs.
Industry 4.0-enabled services
Schaeffler leverages sensorized components with continuous monitoring and predictive analytics to feed real-time health signals into fleet dashboards. Early fault detection averts failures; 2024 studies show predictive maintenance can cut downtime up to 50% and lower maintenance costs 10–40%. Data-driven insights optimize maintenance windows and OEE, while integration-ready APIs speed deployment into ERP/PLM landscapes.
Customized application engineering
Customized application engineering delivers tailored solutions for OEM and industrial requirements, enabling co-design that shortens integration timelines and reduces SOP risk. Validation to specification ensures compliance and strengthens warranty confidence. Dedicated field and digital support accelerates problem-solving and preserves uptime.
- Tailored OEM & industrial solutions
- Co-design reduces integration & SOP risk
- Validation to spec for compliance & warranty
- Dedicated support for faster issue resolution
Sustainability and circularity gains
Lower-friction designs reduce energy consumption and emissions across drivetrain and bearing applications, while materials selection and cleaner processes target measurable reductions in lifecycle environmental impact. Remanufacturing and refurbishment extend asset lifecycles, cutting material demand and total cost of ownership. Transparent 2024 reporting aligns product footprints with customer ESG targets and supply-chain disclosure.
- Lower-friction designs: energy & emissions reduction
- Materials/processes: lower lifecycle impact
- Reman/refurb: extended lifecycle, lower TCO
- 2024 reporting: supports customer ESG
Precision bearings and e-axles halve downtime and cut maintenance costs
Schaeffler cuts friction and TCO with precision bearings and integrated e-axles, supporting high-speed/heavy-load and EV range gains; group revenue €17.3bn (2023), >80,000 employees. Sensorized components enable predictive maintenance—downtime −50%, maintenance cost −10–40% (2024 studies). Remanufacturing and low-friction designs lower lifecycle emissions and support customer ESG targets.
| Metric | Value |
|---|---|
| Group revenue (2023) | €17.3bn |
| Employees | >80,000 |
| Predictive maintenance impact (2024) | Downtime −50%; Cost −10–40% |
Customer Relationships
Strategic account management
Dedicated cross-functional teams manage key OEMs and industrial majors with multi-year roadmaps (typically 3–5 years) aligning technology development and capacity planning. Executive steering at board and regional VP levels ensures rapid issue escalation and resolution. Regular Quarterly Business Reviews track KPIs and drive continuous improvement plans across programs.
Engineering co-creation
Engineering co-creation at Schaeffler enables joint development from concept to validation, leveraging shared labs and data to accelerate decisions and shorten time-to-validation. NDAs and clear IP frameworks protect both parties while rapid prototyping supports iterative design cycles. Schaeffler’s global footprint—over 170 locations and ~80,000 employees in 2024—scales these capabilities.
Lifecycle service and support
Lifecycle service and support combines on-site installation guidance and proactive condition monitoring with field service to cut mean time to repair and maximize uptime; 24/7 monitoring can reduce unplanned downtime by up to 30%. Warranty management plus systematic root-cause analysis lower recurrence rates, while spare-parts programs target >95% availability and training initiatives scale customer self-sufficiency.
Digital self-service portals
Digital self-service portals centralize access to catalogs, CAD models, datasheets and real-time order tracking, improving order accuracy and speed; as of 2024 portals serve as primary touchpoints for technical buyers. Embedded diagnostics and analytics dashboards for connected products enable proactive maintenance and SLA monitoring. Comprehensive knowledge bases and guided troubleshooting reduce resolution time. API-based integration with customer procurement systems automates ordering and invoicing.
- Catalogs: centralized product, CAD, datasheets, order tracking
- Diagnostics: analytics dashboards for connected assets
- Knowledge base: faster troubleshooting, reduced MTTR
- Integration: APIs to procurement/ERP for automated ordering
Aftermarket community engagement
Aftermarket community engagement includes workshops, certifications, and technical hotlines for distributors and mechanics, ensuring correct handling and installation through targeted campaigns and training; feedback loops from these channels inform iterative product improvements and service updates while loyalty programs drive retention.
- Workshops & certifications: hands-on technical upskilling
- Technical hotlines: real-time diagnostic support
- Campaigns: correct installation adherence
- Feedback loops: product improvement input
- Loyalty programs: retention & repeat business
3–5 year OEM roadmaps, engineering co-creation and digital portals cut downtime up to 30%
Dedicated cross-functional teams manage key OEMs and industrial majors with 3–5 year roadmaps and executive steering to ensure rapid escalation. Engineering co-creation and shared labs accelerate validation; Schaeffler had over 170 locations and ~80,000 employees in 2024. Lifecycle services deliver >95% spare-parts availability and 24/7 monitoring can cut unplanned downtime by up to 30%. Digital portals became primary technical buyer touchpoints in 2024.
| Metric | Value |
|---|---|
| Locations (2024) | 170+ |
| Employees (2024) | ~80,000 |
| Spare-parts availability | >95% |
| Unplanned downtime reduction | up to 30% |
| Roadmap horizon | 3–5 years |
Channels
Direct enterprise sales
Global key account teams interface directly with OEMs and large industrials, aligning Schaeffler’s 2024 revenue base of €14.3bn with customer roadmaps; customized contracts and just-in-time delivery reduce inventory risk and ensure program alignment. Embedded field engineers support technical decisions and accelerate qualification cycles, while long-cycle deals (typically 3–5 years) lock in volumes and revenue visibility for multi-year programs.
Authorized distributors
Authorized distributors span Schaeffler’s network across about 170 countries (2024), targeting SMB industrial customers and MRO with broad local coverage; stocked inventory in regional hubs ensures rapid turnaround for common SKUs. Technical support and certified training programs increase product adoption and uptime, while local presence cuts cross-border logistics friction and shortens repair lead times for customers.
Digital commerce and portals
Digital commerce and portals combine e-catalogs, configurators and ordering platforms to deliver real-time availability and lead-time transparency, with API integrations streamlining procurement into ERP systems; 2024 studies show self-service digital channels can reduce sales overhead by up to 25% while improving order accuracy and speed.
Technical events and demos
Trade fairs, roadshows and customer tech days (CES 2024 ~115,000 attendees) let Schaeffler run live demos proving performance and system integration; speaking slots build thought leadership and brand reach; captured leads feed CRM to accelerate pipeline and sales forecasting.
- Trade fairs: visibility, large audiences
- Live demos: proof of integration
- Speeches: thought leadership
- Lead capture: pipeline fuel
Service and retrofit channels
Field service teams and >83,000-employee global network of certified partners deliver installations and upgrades; retrofit kits extend asset life by replacing bearings and modules, reducing CAPEX and downtime; on-site audits identify savings and efficiency gains; bundled service contracts (multi-year) increase customer retention and recurring revenue.
- Field teams + certified partners
- Retrofit kits = longer asset life
- On-site audits → savings identification
- Bundled contracts → higher stickiness
Key accounts: €14.3bn; portals cut 25%
Global key-account teams align Schaeffler’s 2024 revenue of €14.3bn with OEM programs; authorized distributors cover ~170 countries and local MRO; digital portals cut sales overhead up to 25% and improve order accuracy; field service + ~83,000 workforce deliver retrofits and bundled contracts; trade events (CES 2024 ~115,000 attendees) fuel pipeline.
| Channel | Reach | 2024 Impact |
|---|---|---|
| Key accounts | OEMs | €14.3bn alignment |
| Distributors | ~170 countries | Local MRO coverage |
| Digital | Portals/APIs | -25% sales overhead |
Customer Segments
Automotive OEMs
Automotive OEMs — passenger car and commercial vehicle manufacturers — demand platform-aligned, cost-optimized, validated components and purchase at high volumes, typically millions of units per year, under long-term contracts (often 3–10 years). They require stringent quality controls and PPAP documentation up to level 3 and regular serial-sample audits. OEM business drives predictable, low-margin volume with strict change-management and warranty KPIs.
Tier-1 system suppliers
Tier-1 system suppliers integrate powertrain, chassis and mechatronic modules, requiring subsystems that are fully compatible and jointly validated with OEMs; Schaeffler supports this with co-engineering and just-in-time delivery capabilities. They prioritize reliable delivery and share program risk on innovations, aligning with Schaeffler’s 2024 R&D focus and industry collaborations. Close technical and commercial integration reduces launch risk and time-to-market.
Industrial OEMs and machinery
Industrial OEMs across wind, rail, robotics, mining and general machinery require durable bearings and integrated motion solutions that prioritize uptime and lower total cost of ownership through longer life and predictable maintenance. They demand custom specifications for shock, dust, corrosion and temperature extremes, often co-engineering with suppliers for validated performance. Schaeffler positions products and services to meet these reliability and TCO-driven requirements.
MRO and aftermarket
Distributors, repair shops and maintenance teams rely on Schaeffler MRO for availability, standardized parts and 24/7 technical support to minimize downtime.
Customers prioritize price-performance and proven reliability; warranties and certified parts shape purchase decisions in maintenance budgets.
Quick delivery and local inventory buffering across the global aftermarket network are critical to retain distributor and workshop loyalty.
- Channels: distributors, repair shops, maintenance teams
- Needs: availability, standardization, technical support
- Drivers: price-performance, reliability
- Must-have: rapid delivery
Energy and process industries
- Sector: oil & gas, chemical, pulp, power
- Asset focus: critical rotating equipment
- Impact: −20–30% unplanned outages (2024)
- Benefits: −10–25% maintenance costs
- Priority: compliance & safety
Validated low-margin high-quality parts; JIT co-engineering; 20–30% fewer outages
Automotive OEMs (millions units/yr; 3–10y contracts) demand validated, low‑margin, high‑quality components; Tier‑1s require co‑engineering and JIT; Industrial OEMs and O&G prioritize durability, uptime and compliance; MRO/distributors need availability, rapid delivery and certified parts; 2024 predictive maintenance cut unplanned outages 20–30% and maintenance costs 10–25%.
| Segment | Key metrics | Priority |
|---|---|---|
| Automotive OEM | Millions units/yr; 3–10y | Quality, PPAP |
| Tier‑1 | Program integration | Co‑engineering, JIT |
| Industrial/O&G | −20–30% outages (2024) | Uptime, TCO |
Cost Structure
Raw materials and components
Steel, alloys, polymers, lubricants and electronics make up Schaeffler’s primary input base; materials accounted for roughly 45% of COGS in 2024, with steel and alloy prices swinging about ±20% in 2023–24 and semiconductor/electronics shortages lifting unit input costs. Price volatility compresses margins, while long-term supply contracts and commodity hedging reduced cost swings; tight OEM-quality specs raise per-unit material cost.
Manufacturing and operations
Manufacturing costs at Schaeffler center on labor (≈83,000 employees), energy, maintenance and equipment depreciation; capex and automation investments lift fixed costs but can cut variable costs by ~20–25%. Yield and OEE (target range 80–90%) are primary levers for unit-cost reduction. Global footprint and 2023 group sales of ~12.2bn EUR add logistics and transfer-price complexity.
R&D and testing
R&D and testing absorb major costs—engineering salaries, prototypes, labs and repeated validation cycles—driven by Schaeffler’s ~€1.1bn R&D spend (FY2023) and rising regulatory/compliance testing fees; software and digital-platform work now takes an increasing share of R&D spend, and portfolio bets are funded in staged tranches tied to milestone validation to control cash burn.
Sales, service, and distribution
Sales, service, and distribution at Schaeffler rely on account teams, application engineers and field service, with channel margins and trade-show/demo spend materially raising CAC; Schaeffler employed about 82,000 people in 2024, concentrating costs in these customer-facing roles. Aftermarket support demands training and specialized tooling, while inventory carrying costs constrain cash flow and working capital.
- Account teams: direct selling
- Application engineers: technical OPEX
- Field service: onsite costs
- Channel margins: reduce gross margins
- Trade shows/demos: increase CAC
- Aftermarket: training & tooling
- Inventory: impacts cash flow
SG&A and compliance
SG&A and compliance at Schaeffler cover corporate functions, IT, cybersecurity and legal, driving recurring overhead for global operations. Certifications and audits (IATF 16949, ISO 9001, VDA standards) and regulatory compliance add ongoing third-party and internal audit costs. ESG reporting, sustainability programs, insurance and enterprise risk management create sustained budgetary commitments.
- Corporate ops: centralized SG&A
- IT/cyber: continuous investment
- Certs/audits: automotive & industrial
- ESG: expanded reporting scope
- Insurance: continuous risk spend
Materials at ≈45% of COGS squeeze margins amid high R&D and workforce
Materials drove ~45% of COGS in 2024, with steel/alloy volatility compressing margins; manufacturing (≈83,000 staff), energy and automation capex shape fixed vs variable costs. R&D and testing remain large line items (R&D €1.1bn FY2023) while SG&A, compliance and aftermarket support raise recurring overhead and working-capital needs.
| Item | Value |
|---|---|
| Materials (% COGS, 2024) | ≈45% |
| Group sales (2023) | €12.2bn |
| R&D (FY2023) | €1.1bn |
| Employees (2024) | ≈83,000 |
Revenue Streams
OEM component sales
Schaeffler supplies high-volume bearings, e-mobility components and integrated systems to automotive OEMs, with OEM contracts forming the backbone of recurring revenue; the group reported group sales of about €13.6bn in 2023. Long-term supply agreements secure predictable volumes and cashflow, while pricing is tied to platform lifecycle with indexation clauses for materials and labor. Volume incentives reward scale, aligning margins with OEM production ramps; global EV share reached ~14% in 2024, boosting e-mobility content per vehicle.
Industrial products sales
Industrial products sales deliver bearings and motion solutions for machinery and infrastructure, combining project and repeat orders; Schaeffler reported group sales of €13.6 billion in 2024 with industrial business a material contributor. Premiums apply for harsh-environment specifications, while distributor networks boost breadth and order velocity across sectors.
Aftermarket and MRO
Aftermarket and MRO revenue centers on replacement parts, repair kits and services, typically delivering higher margins than OEM volume sales; in 2024 Schaeffler’s aftermarket segment represented about 15% of group revenue (roughly €2.2bn), driven by demand from the installed base and cyclical maintenance; structured programs and service agreements boost customer loyalty and repeat purchases, increasing lifetime value and stabilizing cash flow.
Digital and service contracts
- Subscriptions by asset count
- Tiered features and ARPU
- Setup fees for integration/data
- Outcome-based shared-savings
Licensing and engineering services
Licensing and engineering services generate recurring IP licensing for specific applications and regions, paid co-development and certification support, and customization fees for tailored designs, with 2024 seeing increased demand for regionalized powertrain solutions.
Paid testing and certification projects bundle with training and certification programs, creating ancillary revenue and higher client retention in 2024.
- IP licensing: regional application rights
- Co-development: paid testing & certification
- Customization fees: tailored designs
- Training: certification drives ancillary revenue
OEM automotive backbone: €13.6bn, aftermarket 15%, EV share ~14%
Schaeffler revenue mix: OEM automotive contracts (backbone) with group sales €13.6bn (2023/24) and EV content rising with ~14% global EV share in 2024; industrial bearings/projects provide steady project and repeat sales; aftermarket/MRO ~15% (~€2.2bn) in 2024 with higher margins; digital services/predictive maintenance and licensing add recurring SaaS/IP fees (predictive market ~$7.6bn in 2024).
| Stream | 2024 share | Key metric |
|---|---|---|
| OEM | ~55%* | €13.6bn sales |
| Industrial | ~20% | project+repeat |
| Aftermarket | 15% | €2.2bn |
| Digital/IP | ~10% | $7.6bn market |