Schaeffler Group is set to become the global automotive tier-one supplier by 2025

Schaeffler Group on track to achieve ambitious growth targets

The Schaeffler Group is on track to achieve its ambitious growth targets and become the global automotive tier-one supplier by 2025. The company has set itself the goal of increasing its sales to €25 billion by 2025, a significant increase from its current sales of €14.4 billion. To achieve this, Schaeffler is investing heavily in research and development, as well as in its global production network. The company is also focusing on expanding its product portfolio and entering new markets.

Key growth drivers for Schaeffler

There are a number of key growth drivers for Schaeffler, including:

The increasing demand for electric vehicles. Schaeffler is a leading supplier of components for electric vehicles, and is well-positioned to benefit from the growing adoption of these vehicles.

The increasing demand for autonomous vehicles. Schaeffler is also a leading supplier of components for autonomous vehicles, and is well-positioned to benefit from the growing adoption of these vehicles.

The increasing demand for mobility services. Schaeffler is also a leading supplier of components for mobility services, and is well-positioned to benefit from the growing adoption of these services.

Schaeffler's investment in research and development

Schaeffler is investing heavily in research and development to support its growth targets. The company has set itself the goal of increasing its research and development spending to €1 billion by 2025, a significant increase from its current spending of €650 million. Schaeffler is focusing its research and development efforts on a number of key areas, including:

Electric mobility. Schaeffler is developing new technologies for electric vehicles, such as electric motors, power electronics, and battery systems.

Autonomous driving. Schaeffler is developing new technologies for autonomous vehicles, such as sensors, actuators, and control systems.

Mobility services. Schaeffler is developing new technologies for mobility services, such as ride-sharing and car-sharing.

Schaeffler's global production network

Schaeffler has a global production network with over 170 production sites in 50 countries. The company is investing heavily in its global production network to support its growth targets. Schaeffler is focusing on expanding its production capacity in key markets, such as China, India, and North America. The company is also investing in new technologies to improve the efficiency and productivity of its production processes.

Schaeffler's product portfolio

Schaeffler has a broad product portfolio that includes bearings, seals, and components for engines, transmissions, and chassis. The company is focusing on expanding its product portfolio to meet the growing需求for electric vehicles, autonomous vehicles, and mobility services. Schaeffler is also investing in new technologies to improve the performance and durability of its products.

Schaeffler's new markets

Schaeffler is entering new markets to support its growth targets. The company is focusing on expanding its presence in key markets, such as China, India, and North America. Schaeffler is also investing in new technologies to develop products that are tailored to the needs of these markets.

Conclusion

The Schaeffler Group is on track to achieve its ambitious growth targets and become the global automotive tier-one supplier by 2025. The company is investing heavily in research and development, as well as in its global production network, product portfolio, and new markets. Schaeffler is well-positioned to benefit from the growing demand for electric vehicles, autonomous vehicles, and mobility services.