Executive Salary
avg.$126,891
Schaeffler Technologies
Automotive and Vehicle Manufacturing/Supplier of Automotive Components
Herzogenaurach, Germany
Description
Schaeffler Technologies is a globally oriented industrial company founded in 1946, headquartered in Herzogenaurach, Bavaria, Germany. It develops and manufactures components and systems for powertrains and chassis, providing rolling and plain bearing solutions for various industrial applications. The company offers services and repair solutions in original-equipment quality for the automotive spare parts market worldwide. With approximately 83,800 employees, Schaeffler primarily operates in the B2B sector, serving automotive, industrial, and aerospace industries. It is a publicly traded company with reported revenues of €16.31 billion. Its global presence and broad product portfolio make it a key player in advanced bearing and drivetrain technology, supporting a diverse range of industrial and transportation applications.
Experteer Insights
Experteer Briefing
Company Trajectory
Schaeffler Technologies, founded in 1946 and headquartered in Herzogenaurach, Bavaria, Germany, has developed from its origins in manufacturing rolling element bearings to become a prominent global supplier for the automotive, aerospace, and industrial sectors. The company initially built its reputation through innovative bearing solutions and gradually expanded its reach through strategic development of subsidiaries and global market entry. Over the decades, Schaeffler has broadened its portfolio and presence, leveraging key milestones such as the launch of the INA, LuK, and FAG brands and ongoing adaptation to evolving market demands.
Financial Setup
Schaeffler Technologies is a publicly traded enterprise employing over 83,800 people worldwide. Serving primarily B2B customers, its current business model focuses on the development and manufacturing of advanced components and systems for powertrains and chassis, as well as sophisticated rolling and plain bearing solutions. The company also provides services and repair solutions for the global automotive spare parts market. Revenue generation is robust, reflecting its leadership in core markets and strategic diversification; recent financial results affirm Schaeffler’s sustained growth and solid market standing.
Development & Outlook
Recent years have seen Schaeffler Technologies emphasize innovation with product offerings that span rolling bearings, spherical plain bearings, mechatronics, and linear products marketed under established brands. The company maintains a strong commitment to research and development, having filed more than 1,250 patent applications in 2022, making it Germany’s fourth most innovative company. Schaeffler’s dedication to sustainability is evident in its focus on CO₂-efficient drives, renewable energies, and digitalization, striving to enhance efficiency and sustainability across sectors. The organization supports multiple social initiatives and upholds industry-relevant ISO standards and DEI commitments, underscoring its responsible approach as it seeks continued technological leadership and sustainable growth.
Vacancies
Sales Engineer - Account Executive
Schaeffler Technologies
06813 Danbury, CT - USA
Senior Buyer-Project Purchasing
Schaeffler Technologies
Auburn Hills, MI - USA
IT Solution Architect - Microsoft Entra ID & Identity Platforms
Schaeffler Technologies
Fort Mill, SC - USA
Associate Engineer - Tool Design
Schaeffler Technologies
Wooster, OH - USA
Engineer Associate, Industrial Engineering
Schaeffler Technologies
Wooster, OH - USA