Grinding the gears: Despite stronger exports, revenue is expected to continue to decline

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 2018-19, revenue is forecast to decline at a compound annual rate of 2.6% as a challenging operating environment has blighted more.

Industry Statistics & Market Size
Annual Growth 14-19
Forecast Growth 19-24
Market Share of Companies

Industry Threats & Opportunities

  • The industry’s long-term contraction is expected to continue through the current year
  • Exports declined for four consecutive years prior to the depreciation of the pound following the referendum
  • Enterprise numbers are expected to decline as a result of competitive pressure from overseas
  • Industry Report - Industry Products Chapter

    Companies in the Bearing and Gear Manufacturing industry produce a range of mechanisms which are used to transmit torque (i.e. gears) and a selection of engineered components that enable machinery to move to a desired motion and reduce friction between moving parts (i.e. bearings). Industry operators also manufacture associated gear and bearing parts. Broadly speaking, bearings and gears can be found in a range of products from common household electronics, such as computers, to more complex engineering equipment, including mining machinery.Bearing housingsSales of bearing housings are forecast to account for 27.6% of industry revenue in 2018-19. Colloquially known as pillow blocks, bearing houses are pedestals used to provide support for a rotating shaft. The...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

  • 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
    ProfitPurchasesWagesDepreciationOther costs
  • Chart: Cost Structure Benchmarking – Sector vs Bearing & Gear Manufacturing

  • Basis of Competition
    Internal competitionExternal 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
  • Industry Revenue (2010-2024)
  • Industry Gross Product (2010-2024)
  • Establishments (2010-2024)
  • Businesses (2010-2024)
  • Employment (2010-2024)
  • Exports (2010-2024)
  • Imports (2010-2024)
  • Wages (2010-2024)

  • 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?

    IBISWorld’s Bearing & Gear Manufacturing market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

    IBISWorld industry market research reports enable you to:
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    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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