Trade [[data.name]]

Schaeffler is a global automotive and industrial supplier with an estimated market cap of around 1.01B EUR in 2023. The company has more than 170 production facilities, over 8,000 research and development engineers, and 88,000 employees in over 50 countries worldwide.

Schaeffler's product portfolio includes rolling bearings, linear technology, automotive and industrial spare parts, mechatronics products, services, maintenance solutions and more. Schaeffler's products are used in a wide range of industries such as aerospace, agriculture, construction, energy production, and transportation.

The Schaeffler Group experienced a roller coaster of share prices in recent years, with the highest price recorded at €16.65 in Dec 2015 and the lowest being €4.63 in September 2022. This drastic decrease was caused by the novel coronavirus pandemic which had a far-reaching impact on global markets, including automotive suppliers. The company was also faced with greater pressure to reduce costs, which has caused a further drop in the share price.

Additionally, investors may benefit from increased dividends as the company continues to expand its global presence and operational efficiency. Moreover, Schaeffler has been able to maintain its competitive edge by constantly innovating and developing new products and services.

Schaeffler's competitors include SKF, NTN Corporation, NSK Ltd, Timken Company, JTEKT Corporation, Nachi-Fujikoshi, and Koyo Bearings. These companies have been in the industry for a long time and are known to deliver quality products and services as well.