UK Bearings

UK Bearings

Official statistics indicate that the apparent UK market for bearings, parts for bearings (excluding balls, needles and rollers for bearings) and bearing housings incorporating bearings expanded by 4.5% in 2005, to £401.8m. Of this total, ball bearings made up the largest single sector. Key Note estimates that the total apparent UK market fell to £385.2m in 2006.

UK manufacturers' sales of bearings, parts for bearings (excluding balls, needles and rollers) and bearings in housings totalled £396.5m in 2005. Estimates for 2006 anticipate the market having slipped back by 1.5% to £390.5m as higher gains in previous years were compensated and as growth in demand slowed to moderate historical levels.

These figures relate to rolling bearings, which consist of an inner and an outer raceway, with a cage of rolling elements between the two. The market is generally subdivided into ball bearings, tapered roller bearings, cylindrical roller bearings, needle roller bearings and spherical roller bearings. Linear-motion bearings and bearing housings incorporating bearings are other important subsectors. Plain bearings, which usually require external lubrication, are not covered by this report.

The bearing market is generally considered to be part of the power-transmission market, which includes automotive transmission systems. In 2004, bearings and bearing housings accounted for 42.9% of the £1.07bn apparent non-automotive power-transmission market.

The market is dominated by the larger bearing manufacturers, which are subsidiaries of overseas firms, principally with Swedish, Japanese, German, French and US ownership. Imports from these countries form the majority of supplies brought into the market from overseas, although Chinese and other Asian sources are growing in importance. The major car manufacturers are thought to be the principal purchasers of bearings exported from the UK.

The apparent UK market for bearings is expected to show modest growth over the next 5 years, rising to £500.3m by 2011. The strength of sterling will continue to inhibit exports, but the expansion of transport, aerospace and construction demand for bearings will improve the market's prospects.

Executive Summary

1. Market Definition
REPORT COVERAGE
MARKET SECTORS
Ball Bearings
Tapered Roller Bearings
Cylindrical Roller Bearings
Needle Roller Bearings
Spherical Roller Bearings
Other Ball or Roller Bearings
Bearing Housings Incorporating Bearings
MARKET TRENDS
Table 1: Motor-Vehicle Production in the UK by Type of Vehicle by Volume (000 units), 2001-2005
ECONOMIC TRENDS
Population
Table 2: UK Resident Population Estimates by Sex (000), Mid-Years 2001-2005
Gross Domestic Product
Table 3: UK Gross Domestic Product at Current and Annual Prices (£m), 2001-2005
Inflation
Table 4: UK Rate of Inflation (%), 2001-2005
Unemployment
Table 5: Actual Number of Unemployed Persons in the UK (million), 2001-2005
Household Disposable Income
Table 6: UK Household Disposable Income Per Capita (£), 2001-2005
MARKET POSITION
The UK
Table 7: The UK Power-Transmission Market by Type of Product by Value (£m and %), 2003
Table 8: The UK Power-Transmission Market by Type of Product by Value (£m and %), 2004
Europe
Table 9: Car Production in Selected European Countries by Volume (000 units and %), 2000-2004
Table 10: Global Production of Passenger Cars and Commercial Vehicles by Country by Volume (000 and %), 2004
Table 11: Production of All Motor Vehicles by Global Region by Volume (000 units), 2000-2004

2. Market Size
INTRODUCTION
THE TOTAL MARKET
The Apparent UK Market
Table 12: The Total Apparent UK Market for Bearings and Related Parts by Type by Value (£000), 2001-2006
Figure 1: The Total Apparent UK Market for Bearings and Related Parts by Value (£000), 2001-2006
UK Manufacturers' Sales
Table 13: Total UK Manufacturers' Sales of Bearings and Related Parts by Type by Value (£000), 2001-2006
Figure 2: Total UK Manufacturers' Sales of Bearings and Related Parts by Value (£000), 2001-2006
BY MARKET SECTOR
Ball Bearings
Table 14: The Apparent UK Market for Ball Bearings by Value (£000), 2001-2006
Tapered Roller Bearings
Table 15: The Apparent UK Market for Tapered Roller Bearings by Value (£000), 2001-2006
Cylindrical Roller Bearings
Table 16: The Apparent UK Market for Cylindrical Roller Bearings by Value (£000), 2001-2006
Needle Roller Bearings
Table 17: The Apparent UK Market for Needle Roller Bearings by Value (£000), 2001-2006
Spherical Roller Bearings
Table 18: The Apparent UK Market for Spherical Roller Bearings by Value (£000), 2001-2006
Other Ball or Roller Bearings
Table 19: The Apparent UK Market for Other Ball or Roller Bearings by Value (£000), 2001-2006
Parts for Bearings
Balls, Needles and Rollers
Table 20: The Apparent UK Market for Balls, Needles and Rollers for Bearings by Value (£000), 2001-2006
Other Parts
Table 21: The Apparent UK Market for Other Parts for Bearings by Value (£000), 2001-2006
Bearing Housings Incorporating Bearings
Table 22: The Apparent UK Market for Bearing Housings Incorporating Bearings by Value (£000), 2001-2006
OVERSEAS TRADE
General Overview
Balance of Trade
Table 23: UK Balance of Trade in Bearings and Related Parts by Type by Value — All Trade Partners (£000), 2005
Intra-EU Trade
Table 24: UK Balance of Trade in Bearings and Related Parts by Type by Value — EU Trade Partners (£000), 2005
Extra-EU Trade
Table 25: UK Balance of Trade in Bearings and Related Parts by Type by Value — Non-EU Trade Partners (£000), 2005
Imports by Type of Product
Table 26: UK Imports of Bearings and Related Parts by Type by Value (£000 and %), 2005
Exports by Type of Product
Table 27: UK Exports of Bearings and Related Parts by Type by Value (£000 and %), 2005
Imports by Country of Origin
Table 28: UK Imports of Bearings and Related Parts by Country of Source by Value (£000 and %), 2005
Exports by Country of Destination
Table 29: UK Exports of Bearings and Related Parts by Country of Destination by Value (£000 and %), 2005
Balance of Trade by Country
Table 30: UK Balance of Trade in Bearings and Related Parts by Country by Value (£000), 2005

3. Industry Background
RECENT HISTORY
INDUSTRY SYNOPSIS
Table 31: Financial Performance of Companies Engaged in the Manufacture of Bearings, Gears, Gearing and Driving Elements (£000, %, £ and ratio), Latest Financial Year
NUMBER OF COMPANIES
By European Country
Table 32: Number of Bearing Manufacturers in Selected European Countries, 2006
By Turnover
Table 33: Number of UK VAT-Based Enterprises Involved in the Manufacture of Bearings, Gears, Gearing and Driving Elements by Turnover Sizeband (number and £000), 2001-2006
Table 34: Number of UK VAT-Based Enterprises Involved in the Manufacture of Bearings, Gears, Gearing and Driving Elements by Turnover Sizeband (number, £000 and %), 2001 and 2006
EMPLOYMENT
Table 35: Number of UK VAT-Based Local Units Involved in the Manufacture of Bearings, Gears, Gearing and Driving Elements by Number of Employees, 2003-2006
REGIONAL VARIATIONS IN THE MARKETPLACE
Table 36: Number of UK VAT-Based Local Units Involved in the Manufacture of Bearings, Gears, Gearing and Driving Elements by Regional Location (number and %), 2006
DISTRIBUTION
Table 37: Number of Bearing Manufacturers and Distributors in Selected European Countries, 2006
HOW ROBUST IS THE MARKET?
LEGISLATION/STANDARDS
Table 38: Comparison of Bearing Standards
KEY TRADE ASSOCIATIONS
American Bearing Manufacturers Association
Ball and Roller Bearing Manufacturers Association
Bearings Specialists Association
British Gear Association
ESR Technology Ltd — National Centre of Tribology
Federation of European Bearing Manufacturers' Associations
Japan Bearing Industrial Association
World Bearing Association

4. Competitor Analysis
THE MARKETPLACE
The UK Market
Table 39: Selected Leading UK Manufacturers of Bearing Products by Turnover and Pre-Tax Profit (£m), Latest Financial Year
The World Market
Table 40: The World's Leading Bearing Manufacturers by Turnover ($m), Financial Year 2005/2006
MARKET LEADERS
Accuride International Ltd
Financial Results
Table 41: Financial Results for Accuride International Ltd (£000, % and number), Years Ending 31st August 2003-2005
Aurora Bearing Company
The Barden Corporation (UK) Ltd
Financial Results
Table 42: Financial Results for The Barden Corporation (UK) Ltd (£000, % and number), Years Ending 31st December 2003-2005
Brammer UK Ltd (formerly BSL Brammer Ltd)
Financial Results
Table 43: Financial Results for BSL Brammer Ltd† (£000, % and number), Years Ending 31st December 2003-2005
Cooper Roller Bearings Company Ltd
Financial Results
Table 44: Financial Results for Cooper Roller Bearings Company Ltd (£000, % and number), Year Ending 23rd November 2003, 53 Weeks Ending 27th November 2004 and Year Ending 26th November 2005
Glacier Vandervell Europe
Hepco Slide Systems Ltd (Hepcomotion)
Financial Results
Table 45: Financial Results for Hepco Slide Systems Ltd (£000, % and number), Years Ending 31st December 2003-2005
Table 46: Financial Results for Hepco (Holdings) Ltd (£000, % and number), 2003-2005
Koyo (UK) Ltd
Financial Results
Table 47: Financial Results for Koyo (UK) Ltd (£000, % and number), Years Ending 31st December 2003-2005
Nachi (UK) Ltd
Financial Results
NBC Group Ltd
NMB-Minebea UK Ltd
Financial Results
Table 48: Financial Results for NMB-Minebea UK Ltd (£000, % and number), Years Ending 31st March 2004-2006
NSK Bearings Europe Ltd
Financial Results
Table 49: Financial Results for NSK Bearings Europe Ltd (£000, % and number), Years Ending 31st December 2003-2005
NSK Europe Ltd
Financial Results
Table 50: Financial Results for NSK Europe Ltd (i000, % and number), Years Ending 31st December 2003-2005
NTN Bearings (UK) Ltd
Financial Results
Table 51: Financial Results for NTN Bearings (UK) Ltd (£000, % and number), Years Ending 31st March 2004-2006
Samick THK Company Ltd
Schaeffler (UK) Ltd
Financial Results
Table 52: Financial Results for Schaeffler (UK) Ltd (£000, % and number), Years Ending 31st December 2003-2005
SKF (UK) Ltd
Financial Results
Table 53: Financial Results for SKF (UK) Ltd (£000, % and number), Years Ending 31st December 2003-2005
SNR
Financial Results
THK Co Ltd
Timken UK Ltd
Financial Results
Table 54: Financial Results for Timken UK Ltd (£000, % and number), Years Ending 31st December 2002-2004
Wanxiang Group Corporation
OUTSIDE SUPPLIERS TO THE INDUSTRY
ADVERTISING AND PROMOTION

5. Strengths, Weaknesses, Opportunities and Threats
STRENGTHS
WEAKNESSES
OPPORTUNITIES
THREATS

6. Buying Behaviour
PURCHASING PATTERNS
CHOICE OF BEARING

7. Current Issues
THE ROLE OF THE INTERNET
ANTI-DUMPING LEGISLATION
CORPORATE ACTIVITY
TECHNICAL ISSUES
Coated Bearings
Combating Counterfeit Bearings

8. The Global Market
INTRODUCTION
THE US MARKET
Table 55: Value of US Shipments of Anti-Friction Ball and Roller Bearings, Components and Parts by Product Class by Value ($m), 2001-2005
Table 56: The Apparent US Market for Ball Bearings by Value ($000), 2002-2005

9. Forecasts
INTRODUCTION
FORECAST ECONOMIC TRENDS
Population
Table 57: Forecast UK Resident Population by Sex (000), Mid-Years 2006-2010
Gross Domestic Product
Table 58: Forecast UK Growth in Gross Domestic Product in Real Terms (%), 2006-2010
Inflation
Table 59: Forecast UK Rate of Inflation (%), 2006-2010
Unemployment
Table 60: Forecast Actual Number of Unemployed Persons in the UK (million), 2006-2010
FORECASTS 2007 TO 2011
Table 61: The Forecast Total Apparent UK Market for Bearings and Related Parts by Type by Value (£000), 2007-2011
Figure 3: The Forecast Total Apparent UK Market for Bearings and Related Parts by Value (£000), 2007-2011
MARKET GROWTH
Figure 4: Growth in the Total Apparent UK Market for Bearings and Related Parts by Value (£000), 2001-2011
FUTURE TRENDS

10. Company Profiles
Accuride International Ltd
The Barden Corporation (UK) Ltd
Brammer UK Ltd
Cooper Roller Bearings Company Ltd
Koyo (UK) Ltd
NMB-Minebea UK Ltd
NSK Bearings Europe Ltd
NTN Bearings (UK) Ltd
Schaeffler (UK) Ltd
SKF (UK) Ltd
Timken UK Ltd

11. Consumer Confidence
METHODOLOGY
KEY FINDINGS THIS QUARTER
THE WILLINGNESS TO BORROW
Confidence Slips Slightly
Table A: The Average Amount Consumers Are Willing to Borrow in Order to Purchase Expensive Items at Current and Constant November 2004 Prices (£ and £bn), November 2005-2006
Significantly More Adults Are Willing to Borrow
Table B: The Number of Adults Willing to Borrow in Order to Purchase Expensive Items (000 and %), November 2005-2006
SPENDING FROM SAVINGS
Little Change in Spending from Savings
Table C: The Average Amount Consumers Are Willing to Spend from Savings in Order to Purchase Expensive Items at Current and Constant November 2004 Prices (£ and £bn), November 2005-2006
Saving Grows in Relative Importance
Table D: The Average Amounts Adults Are Confident Spending to Purchase Expensive Items (£ and %), November 2005-2006

11. Further Sources
Associations
Publications
Directories
Government Sources
Bisnode Sources