SKF operates through three main divisions: the Industrial Division, the Automotive Division, and the Service Division. Each division serves the global market, focusing on clients and industries relevant to their respective businesses.

SKF was established in 1907, placing a strong emphasis on product quality, technical research, and market development from the outset. The group has dedicated significant resources to technical research and product development, continually achieving various inventions and innovations, establishing new standards in the bearing technology field, and introducing new products to the bearing market. Despite its expanded scope, SKF maintains its global position in the design, production, and market development of rolling bearings, as well as in supplementary models and products like seals. SKF has also maintained an increasingly significant position in the markets for linear motion products, high-precision aerospace bearings, machine tool spindles, and equipment maintenance services.