The market is dominated by foreign suppliers, as imports account for 94.7% of total market size in 2020. B2B drives market demand, with B2B spending representing 100% of total demand in 2020. The UK has the seventh largest market size for bearings, gears, and driving elements in the region, with demand reaching USD1.9 billion in 2020. Brammer Plc is the largest company in the UK, generating 22.6% of the industry’s total production value in 2020. The industry is concentrated, with the top five companies generating 66.7% of total production value in 2020. The total number of companies decreases in 2020, to 660 units. The costs of the industry decrease by 14.9% in 2020, largely driven by declining B2B costs. The industry’s profitability decreases and stands at 4.1% of production value in 2020, the 18th highest in the region. The industry’s exports share decreases in 2020 to 91.5% of total production output. With production value of USD1.0 billion, the UK accounts for 2.6% of the Western Europe total in 2020.
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This Euromonitor industrial report provides unique information on Bearings, Gears, and Driving Elements in the UK: ISIC 2913. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Bearings, Gears, and Driving Elements in the UK: ISIC 2913 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
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