Trucks - 5% of net sales 2016
The transport industry is cyclical in the short-term and demand is typically affected by fuel prices and new emission regulations. In the longer term, however, growth is closely related to an increasing need for transport as economies and e-trade grow. Over the past few years, governments worldwide have been launching new regulations, such as Euro 6 in Western Europe and the State-4 emission norm in China, to reduce exhaust emissions from trucks and buses. This drives the development of solutions that reduce fuel consumption and carbon emissions. In addition customers focus on total cost of ownership which continues to drive the need for virtually maintenance-free vehicles in all markets.
SKF’s offer and role in the market
SKF serves the global truck, bus and trailer market with bearing and sealing solutions as well as monitoring devices. SKF is an engineering partner to global manufacturers and is expanding its presence and market share especially in Asia, partly due to the trend where more global truck manufacturers establish manufacturing operations and partnerships in Asia.
The solutions offered are tailored to be virtually maintenance-free, energy-efficient and enabling monitoring support, helping to reduce the total cost of ownership and improve vehicle fuel efficiency as well as to reduce emissions.
SKF ‘s global manufacturing and engineering footprint, being closely located to its customers locally, are one enabler for fast response to customer requirements and building stronger partnerships.