Industry Statistics and Rankings
How does this industry perform in Belgium compared to Europe?
Country Benchmarking
Industry Data Belgium
Ranking are out of 37 European countries for which IBISWorld provides country-level factsheets.
Revenue
#12 In EuropeBusiness
#16 In EuropeEmployees
#16 In EuropeWages
#11 In EuropeBearing and gear manufacturing companies produce various products, including bearings, gearboxes, clutches and transmission shafts. Manufacturers rely on export revenue, leaving them susceptible to input inflation and exchange rate movements. Similarly, the development of the downstream automotive industry plays a central role in dictating the order volume of mechanical drive elements and various bearings. Outside motor vehicle manufacturers, bearings and gearboxes supply industrial equipment manufacturers, including lifting and handling equipment and agricultural machinery manufacturers. Germany comprises the largest share of industry revenue.
Enterprises
Number of businesses in 2024
Biggest companies in the Bearing & Gear Manufacturing in Belgium
| Company | Market Share (%)
2024 | Revenue (€m)
2024 | Profit (€m)
2024 | Profit Margin (%)
2024 |
|---|---|---|---|---|
AB SKF | 10,556.6 | 1,298.5 | 12.3 | |
Safran SA | 25,054.9 | 3,419.3 | 13.6 |
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Top Questions Answered in this Report
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What is the market size of the Bearing & Gear Manufacturing industry in Belgium in 2024?
The market size of the Bearing & Gear Manufacturing industry in Belgium is €769.1m in 2024.
How many businesses are there in the Bearing & Gear Manufacturing in Belgium industry in 2024?
There are 34 businesses in the Bearing & Gear Manufacturing industry in Belgium, which has grown at a CAGR of 1.2 % between 2019 and 2024.
Has the Bearing & Gear Manufacturing industry in Belgium grown or declined over the past 5 years?
The market size of the Bearing & Gear Manufacturing industry in Belgium has been declining at a CAGR of 4.4 % between 2019 and 2024.
What is the forecast growth of the Bearing & Gear Manufacturing industry in Belgium over the next 5 years?
Over the next five years, the Bearing & Gear Manufacturing industry in Belgium is expected to grow.
What are the biggest companies in the Bearing & Gear Manufacturing market in Belgium?
The biggest companies operating in the Bearing & Gear Manufacturing market in Belgium are AB SKF and Safran SA
What does the Bearing & Gear Manufacturing in Belgium include?
Gearbox and Bearing & bearing housing are part of the Bearing & Gear Manufacturing industry.
Which companies have the highest market share in the Bearing & Gear Manufacturing in Belgium?
The company holding the most market share in Belgium is AB SKF.
How competitive is the Bearing & Gear Manufacturing industry in Belgium?
The level of competition is moderate and steady in the Bearing & Gear Manufacturing industry in Belgium.
Related Industries
This industry is covered in 37 countries
Domestic industries
Competitors
- Motor Vehicle Manufacturing in Belgium
- Motorcycle Manufacturing in Belgium
Complementors
- Rubber Tyre Manufacturing and Repair in Belgium
- Electric Motor, Generator & Transformer Manufacturing in Belgium
- Motor Vehicle Parts & Accessories Manufacturing in Belgium
Table of Contents
About this industry
Industry definition
Companies in this industry manufacture gearboxes, roller and ball bearings, gears, chains, clutches, flywheels, pulleys, parts of bearings and gears and other mechanical drive elements used in motor vehicles, machinery, equipment and devices.
Related Terms
BEARINGROLLER BEARINGGEARBALL BEARINGWhat's included in this industry?
GearboxBearing & bearing housingBearing and gear partsCranks and crankshaftsOther mechanical drive elementsCompanies
AB SKFSafran SAIndustry Code
2814 - Manufacture of bearings, gears, gearing and driving elements in Belgium
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Performance
Revenue Highlights
Trends
- Revenue
- Current Year Revenue Growth
- Revenue Volatility
Employment Highlights
Trends
- Employees
- Employees per Business
- Revenue per Employee
Business Highlights
Trends
- Businesses
- Employees per Business
- Revenue per Business
Profit Highlights
Trends
- Total Profit
- Profit Margin
- Profit per Business
Current Performance
Charts
- Revenue
- Employees
- Business
- Profit
Analysis
What's driving current industry performance in the Bearing & Gear Manufacturing in Belgium industry?
Outlook
Analysis
What's driving the Bearing & Gear Manufacturing in Belgium industry outlook?
Volatility
Analysis
What influences volatility in the Bearing & Gear Manufacturing in Belgium industry?
Charts
- Industry Volatility vs. Revenue Growth Matrix
Life Cycle
Analysis
What determines the industry life cycle stage in the Bearing & Gear Manufacturing in Belgium industry?
Charts
- Industry Life Cycle Matrix
Products and Markets
Highlights
Trends
- Largest Market
- Product Innovation
Key Takeaways
Bearing & bearing housing sales suffer from low industrial production volumes. According to the European Commission, industrial production in the Euro area tumbled by 6.6% over the years through October 2023, weighing on downstream demand for bearings.
Products and Services
Charts
- Products and Services Segmentation
Analysis
How are the Bearing & Gear Manufacturing in Belgium industry's products and services performing?
Analysis
What are innovations in the Bearing & Gear Manufacturing in Belgium industry's products and services?
Major Markets
Charts
- Major Market Segmentation
Analysis
What influences demand in the Bearing & Gear Manufacturing in Belgium industry?
International Trade
Highlights
- Total Imports into Belgium
- Total Exports into Belgium
Heat maps
- Industry Concentration of Imports by Country
- Industry Concentration of Exports by Country
Data Tables
Value and annual change (%) included
- Number of Imports and Exports by European Country (2024)
Competitive Forces
Highlights
Trends
- Concentration
- Competition
- Barriers to Entry
- Substitutes
- Buyer Power
- Supplier Power
Key Takeaways
A handful of manufacturers hold a slice of market share. A degree of market saturation has begun to occur where manufacturers can only achieve growth via acquisitions, while intense import competition restricts growth prospects for SMEs.
Supply Chain
Charts
Buyer and supply industries
Geographic Breakdown
Business Locations
Heat maps
- Share of Total Industry Establishments by Region (2024)
Data Tables
- Number of Establishments by Region (2024)
Charts
- Share of Establishments vs. Population of Each Region
Analysis
What regions are businesses in the Bearing & Gear Manufacturing in Belgium located?
Companies
Data Tables
Top 2 companies by market share:
- Market share (2024)
- Revenue (2024)
- Profit (2024)
- Profit margin (2024)
External Environment
Highlights
Trends
- Regulation & Policy
- Assistance
Key Takeaways
Manufacturers must comply with a handful of EU and European regulations. Bearing and gear manufacturers must abide by the Machinery Directive (2006/42/EC), the Occupational Health and Safety Act and Ordinance and the EU General Product Safety Regulation (GPSR).
External Drivers
Analysis
What demographic and macroeconomic factors impact the Bearing & Gear Manufacturing in Belgium industry?
Financial Benchmarks
Highlights
Trends
- Profit Margin
- Average Wage
- Largest Cost
Key Takeaways
Profitability has edged downward since the onset of the pandemic. Over 2021 and 2022, supply chain bottles drove up raw material prices, while the Russian-Ukraine conflict pushed up transportation and logistics costs, weighing on probability.
Cost Structure
Charts
- Share of Economy vs. Investment Matrix
-
Industry Cost Structure Benchmarks:
- Marketing
- Depreciation
- Profit
- Purchases
- Wages
- Rent
- Utilities
- Other
Analysis
What trends impact cost in the Bearing & Gear Manufacturing in Belgium industry?
Key Ratios
Data tables
- IVA/Revenue (2014-2029)
- Imports/Demand (2014-2029)
- Exports/Revenue (2014-2029)
- Revenue per Employee (2014-2029)
- Wages/Revenue (2014-2029)
- Employees per Establishment (2014-2029)
- Average Wage (2014-2029)
Country Benchmarks
European Leaders & Laggards
Data Tables
Top and boottom five countries listed for each:
- Revenue Growth (2024)
- Business Growth (2024)
- Job Growth (2024)
European Country Performance
Data Tables
Rankings available for 37 countries. Statistics ranked include:
- IVA/Revenue (2024)
- Imports/Demand (2024)
- Exports/Revenue (2024)
- Revenue per Employee (2024)
- Wages/Revenue (2024)
- Employees per Establishment (2024)
- Average Wage (2024)
Structural Comparison
Data Tables
Trends in 37 countries benchmarked against trends in Europe
- Concentration
- Competition
- Barriers to Entry
- Buyer Power
- Supplier Power
- Volatility
- Capital Intensity
- Innovation
- Life Cycle
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2014-2029)
- IVA (2014-2029)
- Establishments (2014-2029)
- Enterprises (2014-2029)
- Employment (2014-2029)
- Exports (2014-2029)
- Imports (2014-2029)
- Wages (2014-2029)
Methodology
Where does IBISWorld source its data?
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