Industry Statistics and Rankings
How does this industry perform in Norway compared to Europe?
Country Benchmarking
Industry Data Norway
Ranking are out of 37 European countries for which IBISWorld provides country-level factsheets.
Revenue
#21 In EuropeBusiness
#25 In EuropeEmployees
#25 In EuropeWages
#21 In EuropeThe Bearing & Gear Manufacturing in Norway ranks 21st in Europe with regards to its 2024 revenue (€113.2m). Revenue received by operators in Norway has been low in volatility over the past five-year period, with the average annual change in revenue (8.2 %) most comparable to...
Enterprises
Number of businesses in 2024
Revenue per Enterprise
Value (€ Million) in 2024
Top Questions Answered in this Report
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What is the market size of the Bearing & Gear Manufacturing industry in Norway in 2024?
The market size of the Bearing & Gear Manufacturing industry in Norway is €113.2m in 2024.
How many businesses are there in the Bearing & Gear Manufacturing in Norway industry in 2024?
There are 5 businesses in the Bearing & Gear Manufacturing industry in Norway, which has declined at a CAGR of 3.6 % between 2019 and 2024.
Has the Bearing & Gear Manufacturing industry in Norway grown or declined over the past 5 years?
The market size of the Bearing & Gear Manufacturing industry in Norway has been declining at a CAGR of 8.2 % between 2019 and 2024.
What is the forecast growth of the Bearing & Gear Manufacturing industry in Norway over the next 5 years?
Over the next five years, the Bearing & Gear Manufacturing industry in Norway is expected to grow.
What does the Bearing & Gear Manufacturing in Norway include?
Gearbox and Bearing & bearing housing are part of the Bearing & Gear Manufacturing industry.
How competitive is the Bearing & Gear Manufacturing industry in Norway?
The level of competition is moderate and steady in the Bearing & Gear Manufacturing industry in Norway.
Related Industries
This industry is covered in 37 countries
Domestic industries
Competitors
- Motor Vehicle Manufacturing in Norway
- Motorcycle Manufacturing in Norway
Complementors
- Rubber Tyre Manufacturing and Repair in Norway
- Electric Motor, Generator & Transformer Manufacturing in Norway
- Motor Vehicle Parts & Accessories Manufacturing in Norway
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.
What's included in this industry?
GearboxBearing & bearing housingBearing and gear partsCranks and crankshaftsOther mechanical drive elementsIndustry Code
2814 - Manufacture of bearings, gears, gearing and driving elements in Norway
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
Current Performance
Charts
- Revenue in the Bearing & Gear Manufacturing in Norway
- Employees in the Bearing & Gear Manufacturing in Norway
- Business in the Bearing & Gear Manufacturing in Norway
- Profit in the Bearing & Gear Manufacturing in Norway
Current Performance
Analysis
How does this country's performance compare to Europe?
Life Cycle
Charts
- Industry Life Cycle Matrix
Products and Markets
Highlights
Trends
- Largest Market
- Product Innovation
International Trade
Heat maps
- Industry Concentration of Imports by Country
- Industry Concentration of Exports by Country
Competitive Forces
Highlights
Trends
- Concentration
- Competition
- Barriers to Entry
- Substitutes
- Buyer Power
- Supplier Power
ANALYSIS
What is the competitive landscape in Europe?
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 Norway 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 Norway 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?
IBISWorld is a world-leading provider of business information, with reports on 5,000+ industries in Australia, New Zealand, North America, Europe and China. Our expert industry analysts start with official, verified and publicly available sources of data to build an accurate picture of each industry.
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and IBISWorld's proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools.
To learn more about specific data sources used by IBISWorld's analysts globally, including how industry data forecasts are produced, visit our Help Center.
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