Investor Presentation January 2024
Participate in Growing & Attractive End Markets
↑
Global Automotive Parts / Passenger Vehicle
Grid and
Electrical,
20%
Commercial Vehicle T
Global heavy-duty truck market estimated at 3.1
million units in 2023
Heavy-duty commercial vehicle sector is expected
to continue to expand annually, delivering a CAGR
of 3.3%, reaching 3.7 million units by 2028
Engine advancements focused on emission
reduction and enhanced vehicle functions
Source: GlobalData
•
•
Modest market growth expected in 2024, with the
market improving from a constrained year in 2023
Growth expected to overcome weaker economic outlook
(LV) output. China market rapidly evolving
which historically prompts contractions in light vehicle
More normalized supply-side & vehicle pricing strategy
expected to provide further support to 2024
Auto Parts/
Passenger Vehicle
Comm'l
Vehicle,
10%
40%
Source: GlobalData
↑ Medical Components
•
•
Orthopedic sales expected to increase 3.4% for 2023
and 3.4%-3.7% year-over-year through 2026
Procedure volumes in most product segments and
geographic regions have normalized since COVID-19
While there may be pockets of backlogged procedures
that produce a market demand tailwind, this anticipated
upside may be partially offset by staffing shortages
Source: ORTHOWORLD
NN Inc., Investor Presentation | January 2024
Medical,
4%
General
Industrial,
21%
Grid and Electrical Investment
Global power grid market expected to grow at a
CAGR of 4.37% thru 2032
Growing energy needs from residential and
industrial sectors, the ongoing shift towards
renewable energy sources, and the adoption of new
technologies are projected to drive the levels of
market demand across the forecast period
Source: Polaris Market Data
7View entire presentation