In 2023, the value of sold production of non-automatic lubricating pots, greasing nipples, oil seal rings, hand wheels, levers, hand grips, safety guards, and baseplates for machinery in the UK was recorded at approximately 53.433 million euros. From 2024 onwards, forecasts indicate a gradual decline with a year-on-year decrease spanning until 2028. This trend suggests a reduction in production value at an average annual rate (CAGR) over five years starting from 2024 through to 2028.

Future trends to watch for include:

Advancements in machinery technologies may impact demand for these traditional components.
Potential shifts in manufacturing practices could lead to further decreases in production value.
Emerging markets or regulatory changes might influence production and consumption patterns.