Press Release

Slewing Bearing Market is expected to grow at a robust CAGR

Global Slewing Bearing Market is expected to grow owing to a rise in the number of wind projects and advancement in technology throughout the forecast period.

 

According to TechSci Research report, “Slewing Bearing Market - Global Industry Size, Share, Trends, Opportunity, and Forecast 2018-2028”, the Global Slewing Bearing Market is expected to register robust growth during the forecast period. Currently, slewing bearings are experiencing significant demand due to their increasing applications in the infrastructure industry and renewable energy sector. Slewing bearings play a crucial role as one of the main components in wind turbine mills, which is driving the growth of the slewing bearing market. Furthermore, there has been a global increase in spending on product development and R&D activities, driven by the growing awareness of the need and benefits of slewing-bearing technology. The market is also witnessing intensified competition, with new players entering the slewing-bearing landscape, while evolving governmental policies and the rising demand for infrastructure and heavy-duty equipment contribute to the increased adoption of slewing-bearing devices in both developed and developing countries.  

Technological advancements in materials, design, and manufacturing techniques are driving opportunities for slewing bearing manufacturers to provide advanced and efficient solutions. Innovations in materials, such as corrosion-resistant alloys, and improved sealing mechanisms enhance the durability and performance of slewing bearings in demanding environments. The maritime industry heavily relies on slewing bearings for critical applications like ship cranes, port equipment, and offshore platforms. The growth of global trade and the expansion of port facilities present lucrative prospects for slewing bearing manufacturers to meet the demands of this industry.

The Global Slewing Bearing Market is segmented by rolling element, gear type, design, application and region. Based on rolling element, the market is bifurcated into ball and roller. Based on gear type, the market is bifurcated into internal gear, ungeared and external gear. Based on design, the market is bifurcated into cross roller slewing ring bearing, single-row four point contact ball slewing ring bearing, three-row roller slewing ring bearings, double-row ball slewing ring bearings and others. Based on application, the market is bifurcated into wind & solar energy, aerospace & defense, medical, industrial machinery, oil & gas and others. Based on region, the market is further bifurcated into North America, Asia-Pacific, Europe, South America, Middle East & Africa.

 

Browse over XX market data Figures spread through XX Pages and an in-depth TOC on the "Global Slewing Bearing Market."

 

Based on rolling element, Ball segment is expected to dominate the market during the forecast period. Ball segment slewing bearings are often a more cost-effective option for manufacturing compared to other types of slewing bearings. This makes them an attractive choice for applications that require a balance between performance and budget considerations. Ball segment slewing bearings are utilized in a wide range of industries, including construction, material handling, mining, and more. Their versatility makes them suitable for various types of machinery and equipment. Construction machinery such as excavators, cranes, and concrete pumps commonly rely on ball segment slewing bearings, as these applications demand bearings capable of handling heavy loads and providing smooth rotation for precise movement. Similarly, material handling equipment like conveyor systems, stackers, and reclaimers frequently employ ball segment slewing bearings to facilitate movement and rotation. The ability of these bearings to handle both axial and radial loads makes them well-suited for these applications. In the renewable energy sector, solar tracking systems utilize ball segment slewing bearings to orient solar panels for optimal sunlight capture throughout the day. The smooth rotation of these bearings ensures efficient tracking of the sun's movement. Furthermore, in automation and robotics, ball segment slewing bearings enable the rotational movement of robotic arms and components, contributing to the accuracy and efficiency of these systems.

Based on gear type, External Gear segment is projected to dominate the market throughout the forecast period. products. External gear slewing bearings incorporate the gear mechanism into the outer diameter of the bearing, facilitating a compact design. This feature proves advantageous in applications with limited space, where a separate gearbox may not be practical. The inclusion of external gears enhances the versatility of these bearings, allowing for seamless integration into various systems and applications that necessitate controlled rotation. Aerial work platforms, such as cherry pickers and boom lifts, commonly utilize external gear slewing bearings to enable precise rotation of the platform. This capability enables operators to reach specific locations effortlessly and accurately. Moreover, external gear slewing bearings find applications in material handling equipment, including conveyor systems, stackers, and reclaimers. Their ability to withstand heavy loads and effectively transmit torque makes them highly suitable for such demanding applications. Additionally, various industrial machinery, such as packaging machines, rotating platforms, and turntables, can incorporate external gear slewing bearings to achieve controlled and precise rotation.

 

Key market players in the Global Slewing Bearing Market are:

  • Schaeffler India Limited
  • The Timken Company
  • Antex corp
  • NSK Ltd.
  • La Leonessa S.p.A
  • Fenghe Slewing Bearing
  • Zhejiang Tianma Bearing Group Co., Ltd.
  • WaFangDian Rolling Bearing Manufacturing CO.,LTD.
  • Xuzhou Helin Slewing Bearing Co., Ltd.
  • Defontaine Group

 

Download Free Sample Report

Customers can also request for 10% free customization on this report.

 

“Asia Pacific is expected to be the dominating region during the forecast period. The growth of the manufacturing sector in Asia Pacific has resulted in an increased requirement for material handling equipment, with slewing bearings playing a crucial role in ensuring smooth rotation and movement. Industries such as automotive, steel, and logistics heavily rely on these bearings for a wide range of applications, including conveyor systems, robotic arms, and assembly line machinery.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.

“Slewing Bearing Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented By Rolling Element (Ball and Roller), By Gear Type (Internal Gear, Ungeared and External Gear), By Design (Cross Roller Slewing Ring Bearing, Single-row Four Point Contact Ball Slewing Ring Bearing, Three-row Roller Slewing Ring Bearings, Double-row Ball Slewing Ring Bearings and Others), By Application (Wind & Solar Energy, Aerospace & Defense, Medical, Industrial Machinery, Oil & Gas and Others), By Region, Competition,” has evaluated the future growth potential of Global Slewing Bearing Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global Slewing Bearing Market.

 

Contact

Techsci Research LLC

420 Lexington Avenue, Suite 300,

New York, United States- 10170

Tel: +13322586602

Email: [email protected]

Website: www.techsciresearch.com

Relevant News