Loose screw: Industry revenue is anticipated to continue its decline over the next five years

Firms in the Bearing and Gear Manufacturing industry produce a wide range of bearings; gearboxes; clutches; transmission shafts; and associated components. Despite being artificially inflated by re-exports and imported intermediate goods, international trade is imperative to the industry's performance. However, the UK industry is relatively small when compared with the global market for industrial gears and bearing systems.Over the five years through 2019-20, revenue is forecast to contract at a compound annual rate of 2.6% as a challenging operating environment has blighted performance...read more.

Industry Statistics & Market Size
Revenue
£1.2bn
Annual Growth 15-20
-2.6%
Forecast Growth 20-25
Profit
Employment
7,591
Businesses
192
Market Share of Companies

Industry Threats & Opportunities

  • Lacklustre production activity in the wider industrial sector has weighed on industry sales
  • A challenging domestic market has led to falling enterprise numbers
  • Prospective trade barriers between Britain and the European Union could disrupt export growth
  • Industry Report - Industry Key Buyers Chapter

    The Bearing and Gear Manufacturing industry has a low level of market share concentration. The four largest industry manufacturers – NSK Europe, Schaeffler (UK), ERIKS Industrial Services and Timken UK – are estimated to hold a combined market share of 27.4% in 2019-20. Leveraging economies of scale, the industry's leading firms have extensive international distribution networks and multifaceted operations, through which said firms generate a high proportion of their annual income. For instance, the manufacturing operators of Schaeffler (UK) and ERIKS Industrial Services are estimated to account for less than 25% of their respective overall value sales, given that these firms have ties to foreign subsidiaries and assume operations outside the scope of the industry (e.g. aft...purchase to read more.

    Additional Insights for the Bearing & Gear Manufacturing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Bearing & Gear Manufacturing Industry are

  • Economies of scale
  • Establishment of brand names
  • Access to high quality inputs
  • IBISWorld analysts also discuss how external factors such as Real effective exchange rate and World price of steel in the Bearing & Gear Manufacturing industry impact industry performance..

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    What's in this report

    What is the Bearing & Gear Manufacturing Industry?

    Companies in the industry manufacture ball and roller bearings, mechanical power transmission chains, clutches, flywheels, pulleys, gears and gearboxes, and the relevant parts. Operators do not assemble power transmission equipment used in vehicles or aircraft. The manufacture of hydraulic transmission equipment and electromagnetic clutches is also excluded from the industry.

    Industry Products
  • Bearing housings
  • Roller bearings
  • Gearboxes
  • Ball bearings
  • Sub-parts
  • Industry Activities
  • Manufacturing ball and roller bearings
  • Manufacturing bearing housings and plain shaft bearings
  • Manufacturing clutches and shaft couplings
  • Manufacturing transmission shafts and cranks
  • Manufacturing gearboxes and gears
  • Manufacturing flywheels and pulleys
  • Manufacturing parts of gears and bearings
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Real effective exchange rate
  • World price of steel
  • Industrial production index
  • MSCI World Index
  • Business confidence index

  • Current Performance
  • Bearing the brunt
  • Fourth gear
  • Cog in the machine
  • Chart: Revenue Growth

  • Industry Outlook
  • EU market
  • Gearing up innovation
  • Low gear
  • Table: Bearing & Gear Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Bearing & Gear Manufacturing Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Engine & Turbine Manufacturing
  • Mining, Quarrying & Construction Machinery Manufacturing
  • Motor Vehicle Manufacturing
  • Railway Equipment Manufacturing

  • Key Selling Industries
  • Iron & Steel Manufacturing
  • Steel Tube, Pipe & Related Fitting Manufacturing

  • Products & Services
  • Sub-parts
  • Bearing housings
  • Roller bearings
  • Gearboxes
  • Ball bearings
  • Chart: Bearing & Gear Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • General-purpose machinery
  • Other
  • Special-purpose machinery
  • Lifting and handling equipment
  • Transportation equipment
  • Agricultural equipment
  • Chart: Major Market Segmentation for the Bearing & Gear Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Wages
  • Purchases
  • Profit
  • Depreciation
  • Other Costs
  • Chart: Cost Structure Benchmarking – Sector vs Bearing & Gear Manufacturing

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Bearing & Gear Manufacturing Industry

  • Industry Globalization
    NSK Europe Ltd,
  • Table: NSK Europe Ltd - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Bearing & Gear Manufacturing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Bearing & Gear Manufacturing Industry
    Includes:
  • Industry Revenue (2011-2025)
  • Industry Gross Product (2011-2025)
  • Establishments (2011-2025)
  • Businesses (2011-2025)
  • Employment (2011-2025)
  • Exports (2011-2025)
  • Imports (2011-2025)
  • Wages (2011-2025)
  • Wages (2011-2025)
  • Purchases (2011-2025)
  • Profit (2011-2025)
  • Depreciation (2011-2025)
  • Marketing (2011-2025)
  • Rent (2011-2025)
  • Utilities (2011-2025)
  • Other (2011-2025)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Ball Bearing
  • A bearing that uses balls to reduce friction.
  • Bearing
  • A device that diminishes the motion between two parts, usually a moving and a stationary part.
  • Roller Bearing
  • A bearing that uses a cylinder.
  • Split Plummer Block Housings
  • A modular system whereby roller bearings of diverse diameter and width series can be mounted if they have an outside diameter suitable for the housing.
  • What Our Customers Say

    Why buy this report?

    The Bearing & Gear Manufacturing market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Bearing & Gear Manufacturing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Bearing & Gear Manufacturing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Bearing & Gear Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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