Aktiebolaget SKF operates as a global technology and manufacturing supplier centered on rotating equipment performance. The company develops, produces, and markets rolling bearings, bearing units, bearing housings, seals, lubrication systems, power transmission components, and condition-monitoring hardware and analytics. Its business model spans OEM supply agreements and higher-margin aftermarket maintenance, repair, and overhaul (MRO) services.
SKF historically conducts operations through two primary reporting segments: Industrial and Automotive. In fiscal 2024, the Industrial segment generated approximately 70% of consolidated net sales, serving heavy machinery, renewable energy (notably wind), marine, rail, industrial automation, and aerospace. The Automotive segment accounted for approximately 30% of net sales, delivering custom bearing units, wheel-end solutions, and seals to commercial vehicle and light vehicle OEMs—including electric powertrain applications—as well as the automotive aftermarket. In late 2024, SKF initiated a separation plan to spin off and independently list its Automotive business on Nasdaq Stockholm.
Geographically, SKF maintains an extensive global footprint across Europe, the Americas, and Asia-Pacific, with localized manufacturing, engineering development facilities, and distribution across more than 130 countries. SKF is widely recognized as a global market leader in rolling bearings, competing against players such as Schaeffler, NSK, Timken, and JTEKT.
