£1.3bn
£XXX.Xm
7,719
190
£XXX.Xm
Bearing and gear manufacturing companies produce numerous types of bearings, gearboxes, clutches and transmission shafts. Despite being artificially inflated by re-exports and intermediate imported goods, international trade is crucial to the industry. The UK bearing and manufacturing industry is small compared to the global industrial gears and bearing systems market. High import penetration has resulted in pricing pressure, and foreign producers' quality and cost advantages have siphoned market share away from UK-bearing and gear manufacturers operating in the global market, like NSK Europe Ltd.
Industry revenue has declined at a CAGR of 2.2 % over the past five years, to reach an estimated £1.3bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue (£m)
2024 |
---|---|---|
NSK Europe Ltd | 185.9 | |
Schaeffler (UK) Ltd | 59.9 | |
ERIKS Industrial Services Ltd | 45.6 |
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Industry revenue is measured across several distinct product and services lines, including Bearing housings, Roller and ball bearings and Gearboxes. Bearing housings is the largest segment of the Bearing & Gear Manufacturing in the UK.
Innovation spurs roller and ball bearing sales
Companies in the industry manufacture ball and roller bearings, mechanical power transmission chains, clutches, flywheels, pulleys, gears and gearboxes. Manufacturers also produce articulated link chains and ball and roller bearing parts.
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SIC 28.15 - Bearing & Gear Manufacturing in the UK
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
The COVID-19 outbreak caused immense disruption. Manufacturing activity fell off a cliff at the start of the COVID-19 outbreak as most activity was put on hold, massively den...
Learn about an industry's products and services, markets and trends in international trade.
The quality of gearboxes has gone up. This is thanks to advances in gearbox manufacturing. However, this has led to a sharp decline in gearbox sales as their durable nature n...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
The West Midlands is a popular manufacturing hub. The region has a historically high level of manufacturing activity. The region’s efficient transport links also make it attr...
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Larger companies benefit from economies of scale. Smaller manufacturers struggle to compete with prominent manufacturers that can leverage economies of scale, extensive inter...
Learn about the performance of the top companies in the industry.
A decline in car manufacturing has impacted players. In recent years, leading market share holder NSK Ltd has been harmed by reduced UK car manufacturing.
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Global steel prices heavily sway revenue. Steel is a key input for bearing and gear manufacturers in the production of various products. When global steel prices rise, purcha...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Government-funded support schemes supported profit during the pandemic. The Coronavirus Job Retention Scheme helped to cushion the impacts of COVID-19 restrictions on profit....
Including values and annual change:
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Key data sources in the UK include:
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The market size of the Bearing & Gear Manufacturing in the UK industry in United Kingdom is £1.3bn in 2024.
There are 190 businesses in the Bearing & Gear Manufacturing in the UK industry in United Kingdom, which has declined at a CAGR of 0.5 % between 2019 and 2024.
The market size of the Bearing & Gear Manufacturing in the UK industry in United Kingdom has been declining at a CAGR of 2.2 % between 2019 and 2024.
Over the next five years, the Bearing & Gear Manufacturing in the UK industry in United Kingdom is expected to grow.
The biggest companies operating in the Bearing & Gear Manufacturing market in United Kingdom are NSK Europe Ltd, Schaeffler (UK) Ltd and ERIKS Industrial Services Ltd
Roller and ball bearings and Gearboxes are part of the Bearing & Gear Manufacturing in the UK industry.
The company holding the most market share in United Kingdom is NSK Europe Ltd.
The level of competition is high and increasing in the Bearing & Gear Manufacturing in the UK industry in United Kingdom.