"The large scale Slewing Bearings Market report encompasses thorough analysis of Slewing Bearings Market industry with respect to several factors that range from market drivers, market restraints, market segmentation, opportunities, challenges, and market revenues to competitive analysis. Furthermore, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report. It is the top-notch market research report generated by skilful and experienced team players who support in accomplishing an absolute growth and success in the business. As per Slewing Bearings Market business report, the market is expected to grow at a substantial Compound Annual Growth Rate (CAGR) during the forecast period 2023-2030.
Slewing Bearings Market document enlists the leading competitors and provides the insights about the strategic industry analysis of the key factors influencing the Slewing Bearings Market industry. All the numerical data included in the report is backed up by excellent tools such as SWOT analysis, Porter's Five Forces Analysis and others. This industry report gives accurate information about market trends, industrial changes, and consumer behaviour etc. Businesses can surely anticipate the reduced risk and failure with this market research report. The leading Slewing Bearings Market report can be relied upon for sure when thinking about key business decisions.
Data Bridge Market Research analyses that the slewing bearings market was valued at USD 4262.58 million in 2022 and is expected to reach the value of USD 6742.80 million by 2030, at a CAGR of 5.90% during the forecast period.
Explore Further Details about This Research Slewing Bearings Market Report https://www.databridgemarketresearch.com/reports/global-slewing-bearings-market
Slewing Bearings Market Scope and Segmentation
REPORT METRIC | DETAILS |
Forecast Period | 2023 to 2030 |
Base Year | 2022 |
Historic Years | 2021 (Customizable to 2015 - 2020) |
Quantitative Units | Revenue in USD Million, Volumes in Units, Pricing in USD |
Segments Covered | Rolling Element (Ball and Roller), Gear Type (Internal Gear, Ungeared, and External Gear),Product (External Gear Type Slewing Bearings, Internal Gear Type Slewing Bearings, Non-gear Type Slewing Bearings), Applications (Renewable Equipment, Medical Equipment, Construction and Transit Equipment, Industrial Equipment), Design (Cross Roller Slewing Ring Bearing, Bi-Angular Roller or Taper, Single-row Four Point Contact Ball Slewing Ring Bearing, Four and Eight Point Contact Ball, Three-Row Roller Slewing Ring Bearings, Double-Row Ball Slewing Ring Bearings) |
Countries Covered | U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (M.E.A.) as a part of Middle East and Africa (M.E.A.), Brazil, Argentina and Rest of South America as part of South America |
Market Players Covered | thyssenkrupp rothe erde Germany GmbH (Germany), SKF (Sweden), Schaeffler India Limited (India), THE TIMKEN COMPANY (U.S.), Antex corp (Japan), NSK Ltd. (Japan), LA LEONESSA S.p.A (Italy), Fenghe Slewing Bearing (U.S.), Zhejiang Tianma Bearing Group Co., Ltd. (China), WaFangDian Rolling Bearing Manufacturing CO.,LTD. (China), Xuzhou Helin Slewing Bearing Co., Ltd. (China), ABC Bearings (India), NTN-SNR (U.S.), Kaydon Bearing (U.S.), Defontaine Group (France) |
Market Opportunities |
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Market Definition
Slewing bearings contain the inner and outer rings mainly supporting a heavy but slow-turning load of Conventional Crawler Cranes and swing yarder. It also has a wide range of applications for aerial platform vehicles and excavators. Slewing bearings are also known as noticeable products in the field of rolling bearing technology. Slewing bearings are mostly famed in the diameter range from 800 to 7,500 mm and are thin in section. This bearing has the potential to reliably support the axial moment of loads and tilting radial. Slewing bearings mainly use three race elements and two rows of rolling elements such as two outer rings and inner ring “halves" that clamp together axially.
Global Slewing Bearings Market Dynamics
Drivers
- Rising usage of slewing bearings in renewable energy
The slewing bearings in renewable energy is utilized to support the tower and other structures such as generators, gearboxes and others. The role of a slewing bearing in wind turbine generators (WTG) mostly comprises supporting the wind turbine generators (WTG) rotor at its operating temperature. it also helps to absorb radial loads and axial loads acting on the shafts owing to gravity effect resulting from the distorted placement of heavy components such as generator and blades. An increase in the installation of wind turbine to deal with the increasing demand for electricity is a major factor which is expected to increase the growth of the market globally for wind turbine during the forecast period.
- Increasing usage of slewing bearings in industrial equipment
Slewing bearings are widely used in industrial equipment to provide efficient and smooth rotation for these machines, making them operate more proficiently and decreasing wear on other components. Moreover, slewing bearings can aid to protect equipment from possible damages in the event of an accidental fall or collision. The increasing usage of slewing bearings in industrial equipment is anticipated to drive the market's growth rate.
Opportunities
- Increasing application of slewing bearings in the forest machinery
Forest machinery requires strong components, for wood processing and timber harvesting activities. Slewing bearings have the advanced design and it can work in rough environmental situations. Furthermore, these highly advanced slewing bearing balls accept the high rotating speed of the de-barkers and the shocks and the temperature of the snow forests or boreal. These modern trends in the slewing bearings are projected to create immense opportunities in the global market.
Moreover, growing application of slewing bearing in excavators, truck crane and other is anticipated to enhance the market growth. Some of the other factors such as availability of manufacturers in the market, improvement in the design of the bearings, and rising R&D investment are some of the major factors which will create immense opportunities for the market in the forecast of 2023 to 2029.
What insights readers can gather from the Slewing Bearings Market report?
- Learn the behavior pattern of every Slewing Bearings Market -product launches, expansions, collaborations and acquisitions in the market currently.
- Examine and study the progress outlook of the global Slewing Bearings Market landscape, which includes, revenue, production & consumption and historical & forecast.
- Understand important drivers, restraints, opportunities and trends (DROT Analysis).
- Important trends, such as carbon footprint, R&D developments, prototype technologies, and globalization
Why choose Data Bridge Market Research?
- Modern technologies, such as artificial intelligence, to provide updated industry growth.
- DBMR team provides clients with the top notch Slewing Bearings Market research report.
- Interaction with research scientists and development heads to understand the nature of the Slewing Bearings Market more precisely.
- 24/7 availability of services.
- Data collection from implementation vendors, service providers, and raw material suppliers to provide a clear perspective with Forecast period.
DBMR team uses very fair means to gather information that is scrutinized at every stage while structuring an influential Slewing Bearings Market size
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