Motorway delays caused by lorry fire
Drivers were warned to expect delays after a lorry caught fire on a motorway.
Traffic reporting service Inrix said two lanes were closed heading southbound on the M1 between junction 11 for Dunstable and junction 10 for Luton Airport.
According to the AA's live traffic map, the incident was first reported at about 05:00 BST and smoke was blowing across the carriageway.
National Highways told drivers to expect disruption to continue until 08:30 BST.
Bedfordshire Fire & Rescue has been approached for comment.
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These bearings are widely used in applications ranging from automotive drivetrains and aircraft engines to machine tools, robotics, and industrial gearboxes. The global precision rolling bearings market is closely tied to industrial and transportation sectors. The automotive industry alone consumes vast quantities of bearings for wheels, engines, and electric drivetrains. Aerospace and defense activities also drive demand, as aircraft, missiles, and satellites require bearings that meet stringent performance standards. More broadly, the push toward factory automation and modernization – including CNC machining, robotics, and advanced production systems – supports steady demand for high-precision components. In terms of market size, precision bearings form a major subsegment of the global bearing industry. 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Market Segmentation By Product Type Ball Bearings: This segment holds the largest market share. Ball bearings (including deep-groove and angular-contact varieties) are highly versatile and can support both radial and axial loads. They are widely used across automotive components, industrial machinery, and general-purpose applications where precision and low friction are important. Roller Bearings: Comprising cylindrical, spherical, and other roller types, this segment is the second-largest. Roller bearings handle higher radial loads and are preferred in heavy-duty applications such as industrial equipment, gearboxes, and large machinery. Spherical roller bearings also accommodate misalignment in harsh conditions. Tapered Roller Bearings: Tapered bearings support combined radial and axial loads and are critical in applications like automotive wheel hubs, transmission systems, and construction machinery. 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Construction: Construction and heavy equipment industries use precision bearings in cranes, excavators, loaders, and other machinery. This segment is tied to construction activity and infrastructure projects. While generally smaller than manufacturing, construction equipment demand provides steady consumption of robust bearings designed for rugged use. By Technology Traditional Bearings: This refers to conventional precision bearings without embedded electronics. It is by far the largest category. These bearings rely on mechanical precision and high-quality materials, without any built-in monitoring or connectivity. Smart Bearings: A nascent segment, smart (sensor-enabled) bearings integrate electronics to enable predictive maintenance and real-time monitoring. Adoption is still limited (a small single-digit share), but growing rapidly. Key industries are exploring smart bearings to reduce downtime and optimize performance. By Distribution Channel Offline (Traditional Distribution): The majority of precision bearings are sold through traditional channels – direct sales, distributors, and wholesalers. Many industrial customers purchase bearings through established supplier networks or OEM supply chains. Offline sales benefit from technical support and relationships, which is critical for large industrial clients. Online: Sales through e-commerce and digital platforms are growing. Online channels include company websites, industrial marketplaces (e.g. Amazon Business, Alibaba), and specialized B2B portals. The shift toward digital procurement has accelerated, especially for standard or off-the-shelf bearings. Although online sales still represent a smaller share overall, they are expanding rapidly due to convenience, competitive pricing, and global reach. Browse full Report - Forecast Period (2024–2034) 2024–2029: The market is projected to grow steadily in the near term. Assuming a 2024 base around $22 billion, continued adoption of automation and electric vehicles should drive growth at about a 4–5% CAGR. By 2029, the market could reach approximately $26–28 billion. Key supporting factors include new vehicle production (especially EVs), industrial equipment upgrades, and expanded machinery fleets in emerging economies. 2030–2034: Growth is expected to remain positive, though at a slightly moderated pace (roughly 3–4% annual growth). The market is forecast to reach around $32–35 billion by 2034. By this stage, EV penetration in developed markets will be high and smart manufacturing widely adopted, shaping demand. Continued R&D and product innovation will sustain expansion, even as the market matures in developed economies. Global Market Trends and Drivers Industrial Automation and Industry 4.0: The rise of automation in manufacturing has boosted demand for precision bearings. Advanced machine tools, robotics, and assembly-line equipment require durable, accurate bearings to achieve higher speeds and precision. Investments in smart factories (CNC machines, industrial robots) directly drive bearing consumption. Electric Vehicle (EV) Growth: The shift toward electric and hybrid vehicles is a significant driver. EV drivetrains use specialized precision bearings (lighter, capable of higher RPM). As automakers expand EV production, demand for bearings in motors, transmissions, and e-axles is growing rapidly. Aerospace and Defense: Growth in aviation and defense sectors supports bearing demand. Commercial fleet expansion and defense modernization (military aircraft, UAVs) require bearings that can handle extreme conditions. Precision bearings in aircraft engines, landing gear, and navigation systems are critical, and the aftermarket benefits from replacement of aging aircraft. Renewable Energy: Expansion of wind and solar power drives demand for large, high-performance bearings. Wind turbines rely on substantial bearings in rotor hubs and gearboxes, and rising global wind capacity increases this need. Bearings in generators and turbines for solar, hydro, and conventional plants also form a steady segment. Predictive Maintenance and IoT: The push for predictive maintenance has led to integration of sensors and connectivity in bearing systems (smart bearings). Real-time monitoring of vibration, temperature, and load helps prevent downtime. The Industrial Internet of Things (IIoT) trend supports this, making sensor-equipped bearings and data analytics a growing driver. Advanced Materials and Design: Innovations in materials (ceramics, polymer cages, new steel alloys) and design enable lighter, stronger bearings. These advances reduce friction and allow higher speeds and loads. Improved lubrication technologies (solid films, advanced greases) also extend bearing life and efficiency, driving adoption of next-generation bearings. Regulatory and Efficiency Pressures: Stricter environmental and fuel-efficiency regulations encourage the adoption of low-friction, high-efficiency bearings. This creates both compliance costs and incentives for advanced bearing solutions, pushing manufacturers to innovate in design and materials. Challenges and Opportunities Raw Material and Supply Chain: Fluctuating steel and alloy prices can squeeze margins. Trade disputes or logistical disruptions may affect supply of key materials, creating challenges in stabilizing costs and production. Intense Competition: The market includes many global and regional players, leading to price pressure. Low-cost manufacturers (especially in Asia) can undercut prices, so companies must innovate and optimize costs to maintain market share. Technology Integration: Embedding electronics in bearings increases complexity. Powering sensors (e.g. via energy harvesting), protecting them from harsh environments, and standardizing data interfaces are challenges. Significant R&D investment is required to commercialize smart bearings reliably. Opportunity – Predictive Maintenance Services: The move to Industry 4.0 opens new service models. Companies can offer smart, sensor-equipped bearings coupled with analytics and maintenance contracts. This 'bearing-as-a-service' approach can generate recurring revenue and strengthen customer relationships. Opportunity – Emerging Market Growth: Developing economies (India, Southeast Asia, Middle East, parts of Africa) are expanding their industrial and infrastructure sectors. Establishing local manufacturing or partnerships can help suppliers capture this rising demand. Opportunity – Renewable Energy: The global push for clean energy provides opportunities. Wind, solar, and hydro projects require specialized bearings. Manufacturers that tailor products for renewable applications can tap into this growing market. Opportunity – Innovation and Custom Solutions: Advances in additive manufacturing and customized engineering enable new bearing solutions. Companies can offer custom designs (for aerospace, medical, etc.) with rapid prototyping. New materials and designs (e.g. ceramic rollers, polymer cages) also allow premium products for high-performance markets. Buy Now - Regional Outlook North America: The United States is a mature market with strong automotive and aerospace sectors. Demand is supported by manufacturing modernization, EV adoption, and defense spending. Mexico's automotive production (for North America) also contributes. Canada's automotive and mining industries add further demand. Overall growth is steady, driven by equipment upgrades and new vehicle production. Europe: Europe has key automotive (Germany, France, UK) and aerospace (France, UK) industries, and a growing renewable energy sector (wind power, etc.). Germany's automotive and machinery sectors are major consumers. Growth is moderate, aided by industrial upgrades and environmental standards. Eastern European countries (Poland, Czech Republic) are also seeing expanded manufacturing output. Asia-Pacific: The largest and fastest-growing region. China dominates in both production and consumption, driven by automotive manufacturing, industrial machinery production, and infrastructure construction. India and Southeast Asia are rapidly industrializing, fueling demand. Japan, South Korea, and Taiwan remain technology leaders for high-precision bearings. Growth is fueled by urbanization, factory automation, and government infrastructure projects. Latin America: A smaller market led by Brazil and Mexico (automotive, mining, agriculture). Infrastructure projects and manufacturing expansions provide opportunities. However, economic volatility and lower industrialization mean demand is more cyclical. Regional auto production and energy sectors (oil & gas) still consume bearings, but per-capita usage lags other regions. Middle East & Africa: This region has a low overall share. Gulf countries (Saudi Arabia, UAE, etc.) invest in industrial diversification and energy infrastructure, creating some demand. Oil and gas extraction equipment (drilling rigs, pumps) is a major application, but oil price swings can dampen growth. Africa's industrial base is limited, though South Africa's automotive and mining industries use precision bearings. Growth depends on infrastructure development and political stability. Recent Developments and Innovations Smart Sensor Bearings: Sensor-equipped bearings for Industry 4.0 are emerging. SKF's Insight™ system (with DMG Mori) embeds sensors in a spindle bearing to monitor vibration, temperature, and speed. NTN's 'Talking Bearing' uses built-in sensors to wirelessly transmit condition data. These innovations enable predictive maintenance in factories and power systems, improving uptime. Advanced Materials: New materials reduce weight and increase speed capability. For example, NSK launched a compact EV motor bearing with a plastic cage, cutting size and weight by half. Ceramic rolling elements and hybrid bearings (steel rings with ceramic balls) are used in high-speed aerospace and industrial applications, reducing inertia and improving durability. Improved Lubrication: Enhanced lubricants and designs extend bearing life. NTN's high-speed, grease-lubricated ball bearings for machine tools reduce maintenance intervals. Advanced solid-film lubricants and integrated capillary systems allow bearings to operate for long periods without relubrication, even under extreme conditions. Additive Manufacturing: 3D printing enables custom bearing components and housings. This allows rapid prototyping and complex geometries for specialized applications (e.g. medical devices, aerospace). While still niche, additive manufacturing offers flexibility in design and can reduce lead times for new products. Competitive Landscape and Key Players SKF (Sweden) Schaeffler Group (Germany) NSK (Japan) NTN Corporation (Japan) Timken (USA) JTEKT Corporation (Japan) RBC Bearings (USA) This report is also available in the following languages : Japanese (精密転がり軸受市場), Korean (정밀 롤링 베어링 시장), Chinese (精密滚动轴承市场), French (Marché des roulements de précision), German (Markt für Präzisionswälzlager), and Italian (Mercato dei cuscinetti volventi di precisione), etc. Download Full PDF Sample Copy of Market Report @ Related reports - CNC Machine Tool Blade Market The global CNC machine tool blade market is valued at approximately $12.3 billion. The market is expected to grow significantly, reaching an estimated value of $20.5 billion by 2034, driven by the increasing automation and precision requirements across various industries, including aerospace, automotive, and manufacturing. This growth reflects a robust Compound Annual Growth Rate (CAGR) of around 5.2% during the forecast period from 2025 to 2034. 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