United Kingdom (UK) Bearing Market Overview, 2027

"The United Kingdom's (UK) bearing market has grown steadily and made great strides over the years, earning it a key place in the nation's industrial scene. The UK, a major player in global manufacturing and trade, has a strong economy that supports a vibrant market for bearings, which includes a wide range of goods and services designed to satisfy the particular requirements of different industries. A strong dedication to quality, accuracy, and innovation, supported by a rich engineering background and a constant pursuit of customer satisfaction, has defined the trajectory of the bearing sector in the UK. The United Kingdom's (UK) bearing market prospers in an environment that values innovation, cutting-edge production methods, and the unrelenting quest of quality. Businesses in this industry operating in the UK exhibit a strong dedication to being on the cutting edge of technical developments, setting trends, and promoting a culture of continual improvement. As a result, the bearing market in the UK is seeing a number of noteworthy changes and breakthroughs. Adoption of cutting-edge materials like ceramic and composite bearings, which provide greater performance, longer lifespans, and resistance to harsh operating conditions, is one of them. According to the report title, ""United Kingdom (UK) Bearing Market Overview, 2027,"" published by Bonafide research, the market is projected to grow rapidly over the forecast period, driven by the demand for mounted bearings. By the end of the forecast period 2027, the ball bearing segment is expected to account for nearly half of the market The market is also going through a transition towards digitalization and Industry 4.0 practises, with the use of IoT (Internet of Things) technology, predictive maintenance solutions, and data analytics to improve bearing performance and reliability. Furthermore, there is a growing demand for ecologically friendly and energy-efficient bearing solutions due to the rising emphasis on sustainability. Collaborations between business stakeholders, academic institutions, and governmental organisations promote innovation, knowledge sharing, and the creation of cutting-edge bearing technology. As a result, the UK bearing market continues to be a thriving and innovative force in the international industry.

There are many different important participants in the UK market for bearing equipment, and their contributions to the development and success of the sector are substantial. Multinational companies with a substantial presence in the UK include SKF, NSK, Schaeffler, and Timken. These companies use their international knowledge, broad product lines, and effective distribution networks to meet the various demands of UK industry. Manufacturers with a presence in the UK, such as RHP Bearings, Cooper Roller Bearings, and Bowman International, are essential because they provide specialised bearing solutions and regional support. To preserve their market share and keep up with the changing needs of UK businesses, these major competitors in the industry compete fiercely. They work to provide better bearings, cutting-edge technology, and thorough technical assistance. Agriculture equipment like horizontal and vertical conveyors, worm conveyors, auxiliary transmissions, ploughs, and harvesters have boosted demand for mounted bearings in recent years. Chrome steel is the most widely used material to make bearings as it is both cost-effective and durable. Bearings can also be made from other materials like stainless steel, carbon steel, brass, plastics, ceramics, and other types. Stainless steel bearings are used in corrosive atmospheres as they are resistant and hard but not suitable for salt water and other chemicals. Ceramics are used for extreme temperatures, while plastic bearings are used where less load and speed is required. The supply and demand chain for bearings was highly disturbed amid the pandemic. Trade restrictions led to shortages of parts and raw materials from the Asia Pacific region. This resulted in delayed production orders and a reduced workforce, which halted OEM production lines. The automotive sector was highly affected, but the demand for electric vehicles increased amid the pandemic, which created new demands for bearings, which supported the market growth. After the pandemic, the technological advancements in the bearing market are expected to significantly drive demand. The high import duties levied and scarce raw materials have led to a rise in the cost of bearings. Considered in this report • Geography: United Kingdom (UK) • Historic year: 2016 • Base year: 2021 • Estimated year: 2022 • Forecast year: 2027

Make this report your own

Have queries/questions regarding a report?

Take advantage of intelligence tailored to your business objective

Ask an Expert

Manmayi Raval

Research Consultant

Aspects covered in this report • United Kingdom (UK) Bearing market with its value and forecast along with its segments • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation By product type in the report: • Ball Bearing • Roller Bearing • Plain Bearing • Others (Magnetic Bearing, Fluid Bearing, Disc Harrow Bearing, etc.) By application type in the report: • Automotive • Industrial • Aerospace • Others (Railway, Agriculture, etc.)

Don’t pay for what you don’t need. Save 30%

Customise your report by selecting specific countries or regions

Specify Scope Now

By installation type in the report: • Unmounted Bearing • Mounted Bearing By distribution channel in the report: • Original equipment manufacturers (OEMs) • Aftermarket By material type in the report: • Metal • Stainless Steel • Chrome Steel • Carbon Steel • Brass • Others (Plastic, Ceramic, etc.) The approach of the report: This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third party sources such as press releases, annual report of companies, analyzing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources. Intended audience This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to bearing industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry. "