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Bearing & Gear Manufacturing in the UK: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Bearing & Gear Manufacturing Market Research Report | SIC C28.150 | Oct 2016

Out of gear: Industry revenue continues to decline as import competition intensifies

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.

Report Snapshot
Market Share of Companies
NSK Europe Ltd NSK Europe Ltd market share
Industry Statistics & Market Size
Revenue
£1bn
Annual Growth 12-17
-2.7%
Annual Growth 17-22
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Profit
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Employment
8,502
Businesses
222
Industry Analysis & Industry Trends

The industry manufactures a wide range of ball bearings, gearboxes, clutches, transmission shafts, flywheels, pulleys and a variety of related parts. Trends in imports and exports have a significant influence on the industry's performance, since exports account for the majority of industry revenue and imports satisfy the bulk of domestic demand. However, both import and export values are distorted due to the high level of re-export activity.

The past five years have been challenging for industry participants, as bleak industrial production activity has dampened demand. Intense import competition, reductions in manufacturing capacity and deteriorating export sales also hampered industry performance... purchase to read more

Industry Report - Industry SWOT Analysis Chapter

The industry is in the decline stage of its life cycle. The industry's contribution the economy (industry value added) is expected to decline at a compound annual rate of 2% over the 10 years through 2021-22. Meanwhile, the UK economy is expected to grow at a compound annual rate of 2.3% over the same period. This indicates that the industry will account for a declining share of the overall economy.

The number of enterprises operating in the industry is also expected to decline, which suggests a declining industry. This is mainly due to players being forced out of business and some firms shifting operations to overseas locations. Meanwhile, the industry also has a clearly segmented product lines, despite the technological advances taking place in the product segments.

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Industry ProductsRelated ReportsTable of Contents

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 housingsChainsBall bearingsRoller bearingsGearboxesSub-partsClutches and shaft couplingsFlywheels and other products
 
Industry Activities
Manufacturing ball and roller bearingsManufacturing bearing housings and plain shaft bearingsManufacturing clutches and shaft couplingsManufacturing transmission shafts and cranksManufacturing gearboxes and gearsManufacturing flywheels and pulleysManufacturing parts of gears and bearings


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