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

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Summary

Report Description

Forecast Period

2024-2028

Market Size (2022)

USD 5.17 billion

CAGR (2023-2028)

4.83%

Fastest Growing Segment

Cross Roller Slewing Ring Bearing

Largest Market

Asia Pacific
 
Market Overview

The Global Slewing Bearing Market, valued at USD 5.17 billion in 2022, with a steady compound annual growth rate (CAGR) of 4.83% during the forecast period. Slewing bearings are witnessing robust demand, primarily driven by their increasing applications in the infrastructure industry and renewable energy sector. This upward trend is expected to persist in the near future, bolstered by substantial government investments in these sectors. Notably, slewing bearings serve as crucial components in windmill turbines, further propelling the growth of the slewing bearings market. Governments worldwide are acknowledging the strategic importance of the infrastructure industry, while the automobile sector relies on material handling equipment like cranes and forklifts, in which slewing bearings are vital components. Consequently, the slewing bearings market is anticipated to expand in parallel with increased investments in the infrastructure industry.

Key Market Drivers

Industrial Automation and Robotics Revolution

The rapid proliferation of industrial automation and the widespread adoption of robotics across various industries are key drivers in the global slewing bearing market. As manufacturers and logistics companies increasingly embrace automation and robotics in their operations, the demand for precise and reliable movement mechanisms becomes paramount. Slewing bearings play a pivotal role in enabling the rotation and movement of robotic arms, conveyor systems, and other automated equipment. In industries such as automotive manufacturing, e-commerce warehousing, and electronics assembly, robotics optimize production processes, enhance precision, and reduce the need for human labor. Slewing bearings ensure smooth and accurate motion, enabling robotic systems to efficiently handle intricate tasks. As businesses aim to streamline operations and boost productivity, there is an escalating demand for high-performance slewing bearings capable of withstanding continuous use and repetitive motion.

Moreover, the advent of Industry 4.0, characterized by the integration of data-driven technologies, artificial intelligence, and the Internet of Things (IoT), further underscores the importance of reliable motion control components. Smart factories and connected systems require intelligent slewing bearings capable of providing real-time data on performance, maintenance requirements, and predictive analytics. Manufacturers that can incorporate these smart features into their slewing bearings will gain a significant competitive edge in this dynamic market.

Renewable Energy Growth and Wind Turbine Installations          

The global transition towards renewable energy sources, particularly wind power, serves as a significant catalyst for the slewing bearing market. Slewing bearings play a crucial role in facilitating the rotation of blades and nacelles in wind turbines, which are pivotal for wind energy generation. As governments and industries prioritize cleaner and more sustainable energy solutions, there has been a remarkable surge in wind energy installations worldwide. Consequently, this surge has created a substantial demand for reliable and durable slewing bearings. Countries like China, the United States, Germany, and India have made substantial investments in wind energy infrastructure to meet climate goals and reduce carbon emissions. Furthermore, offshore wind farms, harnessing stronger and more consistent winds, contribute to the increased demand for slewing bearings capable of withstanding challenging marine environments. The integration of larger and more powerful wind turbines has necessitated advancements in slewing bearing design. These bearings must now handle higher loads, ensure smooth and continuous rotation, and require minimal maintenance to meet the rigorous demands of this expanding industry. Manufacturers that can engineer slewing bearings capable of meeting these stringent requirements will be well-positioned to capitalize on the ongoing renewable energy boom.


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Key Market Challenges

Technological Advancements and Customization

The rapidly evolving technological landscape poses a significant challenge in the global slewing bearing market. As industries across various sectors demand increasingly precise, efficient, and adaptable solutions, slewing bearing manufacturers are confronted with the task of keeping pace with these advancements while ensuring cost-effectiveness and reliability. Incorporating advanced materials, such as corrosion-resistant alloys or self-lubricating coatings, and developing innovative designs to enhance load capacity and longevity necessitate extensive research and development. Moreover, as industries progressively seek customization to meet specific applications, manufacturers must strike a delicate balance between providing tailored solutions and maintaining economies of scale. Customization often entails intricate engineering, precise machining, and rigorous testing, which drive up production costs and lead times. Manufacturers that successfully navigate this challenge and offer technologically advanced, customizable solutions that fulfill the diverse requirements of industries will gain a competitive advantage in the market.

Counterfeit Products and Quality Assurance  

The proliferation of counterfeit products poses a significant challenge to the global slewing bearing market. Substandard bearings that imitate authentic products not only compromise performance and reliability but also damage the reputation of legitimate manufacturers. Counterfeit bearings can lead to expensive machinery failures, safety risks, and increased maintenance costs for end-users. Ensuring quality assurance and traceability throughout the supply chain becomes crucial in combating counterfeit products. Manufacturers must implement stringent quality control processes, provide comprehensive documentation, and establish mechanisms for customers to authenticate their products. Furthermore, the global nature of the market presents difficulties in regulating and monitoring the distribution of counterfeit products. Effective resolution of this challenge necessitates collaborative efforts among manufacturers, industry associations, and regulatory bodies.

Key Market Trends

Advancements in Material Science and Design        

Advancements in material science and design are propelling innovation in the global slewing bearing market. As industries demand higher load capacities, improved durability, and enhanced performance, manufacturers are exploring novel materials and designs to meet these evolving requirements. Cutting-edge materials, such as high-strength steels and advanced polymers, are being employed to augment the load-bearing capacity of slewing bearings while reducing weight. These materials facilitate the development of compact and lightweight designs capable of handling heavy loads, making them suitable for applications in space-constrained or weight-sensitive environments. Furthermore, innovative bearing geometries and raceway designs are being investigated to optimize load distribution and minimize friction. These design enhancements contribute to increased efficiency, reduced wear, and extended operational life for slewing bearings. Manufacturers that invest in research and development to create more efficient and durable designs while considering industry-specific needs will remain at the forefront of this trend.

Segmental Insights

Rolling Element Insights

Ball segment is expected to dominate the market during the forecast period. The ball segment is a crucial element within the global slewing bearing market, constituting a significant subset of the overall market. Slewing bearings, also known as turntable bearings or slewing rings, are substantial bearings engineered to handle axial, radial, and moment loads. They facilitate rotational movement between different machinery or equipment components. The ball segment in the slewing bearing market specifically refers to slewing bearings that employ ball bearings as the rolling elements. Ball segment slewing bearings provide exceptional load-carrying capacity by distributing loads across multiple ball bearings. This design efficiently supports both axial and radial loads. The raceway design of ball segment slewing bearings ensures smooth and low-friction rotation. Compared to other rolling elements like rollers or gears, ball bearings have a more compact profile. This compact design proves advantageous in applications with limited space, such as machinery operating in confined working areas. The rolling motion of the ball segment between the inner and outer raceways facilitates smoother rotation, reducing friction and wear. This characteristic is of utmost importance in applications that demand precise and continuous movement.

Gear Type Insights

External Gear segment is expected to dominate the market during the forecast period. Slewing bearings, also referred to as turntable bearings or slewing rings, play a vital role in facilitating rotational movement between different machinery or equipment components. The external gear segment of the slewing bearing market comprises bearings that incorporate external gears around the outer diameter of the bearing's ring. External gear slewing bearings offer enhanced load distribution by engaging with other components through the external gears. This design ensures even force and moment distribution, thereby improving the bearing's load-carrying capacity and efficiency. Moreover, the presence of external gears enables efficient transmission of rotational motion. By meshing these gears with a suitable driver, such as a motor or gear motor, the slewing bearing can be easily rotated, enabling precise and controlled movement. This torque transmission capability makes external gear slewing bearings suitable for applications requiring high torque, such as heavy machinery and equipment. Construction machinery, including excavators, tower cranes, and concrete pumps, extensively utilize external gear slewing bearings. The external gear mechanism enables controlled rotation, facilitating precise movement and positioning of heavy loads.    


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Regional Insights

Asia-Pacific is expected to dominate the market during the forecast period. The Asia Pacific region has played a crucial role in the growth and dynamics of the global slewing bearing market. Being a diverse and economically dynamic region, Asia Pacific has witnessed significant advancements in various industries that utilize slewing bearings, including construction, wind energy, material handling, and manufacturing. Rapid economic growth and industrialization in Asia Pacific have propelled the demand for infrastructure projects, energy generation, and manufacturing activities. These sectors heavily rely on slewing bearings for applications such as cranes, excavators, wind turbines, and industrial machinery. Major contributors to this growth include China, India, Japan, and South Korea, with their large-scale construction projects and wind energy installations bolstering the demand for slewing bearings. The construction industry in Asia Pacific has been expanding due to urbanization and increased investments in infrastructure. Slewing bearings play a critical role in heavy machinery used for construction purposes, including tower cranes, excavators, and concrete pumps. As cities continue to expand and new structures are erected, the demand for construction machinery and, consequently, slewing bearings has witnessed a significant surge in the region.     

Recent Developments

  • In 2021, Schaeffler, a prominent automotive and industrial supplier, is expanding its operations in China's wind power industry. They are set to launch a new 22,000-square-meter production hall in Nanjing, Jiangsu Province, located in eastern China.
  • NTN Corporation opened a new sales office in Dubai (UAE) in 2020. The objective behind this move was to capitalize on the anticipated future market growth in the Middle East and Africa. NTN aims to reinforce its sales and technical service systems, bolstering sales throughout the region by establishing the new company.

Key Market Players

  • 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

By Rolling Element

By Gear Type

By Design

By Application

By Region
  • 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
  • Others   
  • Wind & Solar Energy
  • Aerospace & Defense
  • Medical
  • Industrial Machinery
  • Oil & Gas
  • Others
  • North America
  • Europe
  • Latin America
  • Middle East & Africa
  • Asia Pacific

 

 

 

Report Scope:

In this report, the Global Slewing Bearing Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

  • Global Slewing Bearing Market, By Rolling Element:

o   Ball

o   Roller        

  • Global Slewing Bearing Market, By Gear Type:

o   Internal Gear

o   Ungeared

o   External Gear     

  • Global Slewing Bearing Market, By Design:

o   Cross Roller Slewing Ring Bearing

o   Single-row Four Point Contact Ball Slewing Ring Bearing

o   Three-row Roller Slewing Ring Bearings

o   Double-row Ball Slewing Ring Bearings

o   Others    

  • Global Slewing Bearing Market, By Application:

o   Wind & Solar Energy

o   Aerospace & Defense

o   Medical

o   Industrial Machinery

o   Oil & Gas

o   Others

  • Global Slewing Bearing Market, By Region:

o   North America

o   Europe

o   South America

o   Middle East & Africa

o   Asia Pacific

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Slewing Bearing Market.

Available Customizations:

Global Slewing Bearing Market report with the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Global Slewing Bearing Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Product Overview

1.1.    Market Definition

1.2.    Scope of the Market

1.2.1.    Markets Covered

1.2.2.    Years Considered for Study

1.2.3.    Key Market Segmentations

2.    Research Methodology

2.1.    Baseline Methodology

2.2.    Key Industry Partners

2.3.    Major Association and Secondary Sources

2.4.    Forecasting Methodology

2.5.    Data Triangulation & Validation

2.6.    Assumptions and Limitations

3.    Executive Summary

4.    Impact of COVID-19 on Global Slewing Bearing Market

5.    Voice of Customer

6.    Global Slewing Bearing Market Overview

7.    Global Slewing Bearing Market Outlook

7.1.    Market Size & Forecast

7.1.1.  By Value

7.2.    Market Share & Forecast

7.2.1.  By Rolling Element (Alumina, Silicon, Zirconia and Others)

7.2.2.  By Gear Type (Inert and Active)

7.2.3.  By Design (Bearing, Grinding, Valve and Others)

7.2.4.  By Application (Automotive, Oil & Gas, Chemical, Aerospace, Medical and Others)

7.2.5.  By Region (North America, Europe, South America, Middle East & Africa, Asia Pacific)

7.3.    By Company (2022)

7.4.    Market Map

8.    North America Slewing Bearing Market Outlook

8.1.    Market Size & Forecast

8.1.1.  By Value

8.2.    Market Share & Forecast

8.2.1.  By Rolling Element

8.2.2.  By Gear Type

8.2.3.  By Design

8.2.4.  By Application

8.2.5.  By Country

8.2.5.1.        United States Slewing Bearing Market Outlook

8.2.5.1.1.        Market Size & Forecast

8.2.5.1.1.1.    By Value

8.2.5.1.2.        Market Share & Forecast

8.2.5.1.2.1.    By Rolling Element

8.2.5.1.2.2.    By Gear Type

8.2.5.1.2.3.    By Design

8.2.5.1.2.4.    By Application

8.2.5.2.        Canada Slewing Bearing Market Outlook

8.2.5.2.1.        Market Size & Forecast

8.2.5.2.1.1.    By Value

8.2.5.2.2.        Market Share & Forecast

8.2.5.2.2.1.    By Rolling Element

8.2.5.2.2.2.    By Gear Type

8.2.5.2.2.3.    By Design

8.2.5.2.2.4.    By Application

8.2.5.3.        Mexico Slewing Bearing Market Outlook

8.2.5.3.1.        Market Size & Forecast

8.2.5.3.1.1.    By Value

8.2.5.3.2.        Market Share & Forecast

8.2.5.3.2.1.    By Rolling Element

8.2.5.3.2.2.    By Gear Type

8.2.5.3.2.3.    By Design

8.2.5.3.2.4.    By Application

9.    Europe Slewing Bearing Market Outlook

9.1.    Market Size & Forecast

9.1.1.  By Value

9.2.    Market Share & Forecast

9.2.1.  By Rolling Element

9.2.2.  By Gear Type

9.2.3.  By Design

9.2.4.  By Application

9.2.5.  By Country

9.2.5.1.        Germany Slewing Bearing Market Outlook

9.2.5.1.1.        Market Size & Forecast

9.2.5.1.1.1.    By Value

9.2.5.1.2.        Market Share & Forecast

9.2.5.1.2.1.    By Rolling Element

9.2.5.1.2.2.    By Gear Type

9.2.5.1.2.3.    By Design

9.2.5.1.2.4.    By Application

9.2.5.2.        France Slewing Bearing Market Outlook

9.2.5.2.1.        Market Size & Forecast

9.2.5.2.1.1.    By Value

9.2.5.2.2.        Market Share & Forecast

9.2.5.2.2.1.    By Rolling Element

9.2.5.2.2.2.    By Gear Type

9.2.5.2.2.3.    By Design

9.2.5.2.2.4.    By Application

9.2.5.3.        United Kingdom Slewing Bearing Market Outlook

9.2.5.3.1.        Market Size & Forecast

9.2.5.3.1.1.    By Value

9.2.5.3.2.        Market Share & Forecast

9.2.5.3.2.1.    By Rolling Element

9.2.5.3.2.2.    By Gear Type

9.2.5.3.2.3.    By Design

9.2.5.3.2.4.    By Application

9.2.5.4.        Italy Slewing Bearing Market Outlook

9.2.5.4.1.        Market Size & Forecast

9.2.5.4.1.1.    By Value

9.2.5.4.2.        Market Share & Forecast

9.2.5.4.2.1.    By Rolling Element

9.2.5.4.2.2.    By Gear Type

9.2.5.4.2.3.    By Design

9.2.5.4.2.4.    By Application

9.2.5.5.        Spain Slewing Bearing Market Outlook

9.2.5.5.1.        Market Size & Forecast

9.2.5.5.1.1.    By Value

9.2.5.5.2.        Market Share & Forecast

9.2.5.5.2.1.    By Rolling Element

9.2.5.5.2.2.    By Gear Type

9.2.5.5.2.3.    By Design

9.2.5.5.2.4.    By Application

10. South America Slewing Bearing Market Outlook

10.1. Market Size & Forecast

10.1.1.    By Value

10.2. Market Share & Forecast

10.2.1.    By Rolling Element

10.2.2.    By Gear Type

10.2.3.    By Design

10.2.4.    By Application

10.2.5.    By Country

10.2.5.1.     Brazil Slewing Bearing Market Outlook

10.2.5.1.1.   Market Size & Forecast

10.2.5.1.1.1.             By Value

10.2.5.1.2.   Market Share & Forecast

10.2.5.1.2.1.             By Rolling Element

10.2.5.1.2.2.             By Gear Type

10.2.5.1.2.3.             By Design

10.2.5.1.2.4.             By Application

10.2.5.2.     Colombia Slewing Bearing Market Outlook

10.2.5.2.1.   Market Size & Forecast

10.2.5.2.1.1.             By Value

10.2.5.2.2.   Market Share & Forecast

10.2.5.2.2.1.             By Rolling Element

10.2.5.2.2.2.             By Gear Type

10.2.5.2.2.3.             By Design

10.2.5.2.2.4.             By Application

10.2.5.3.     Argentina Slewing Bearing Market Outlook

10.2.5.3.1.   Market Size & Forecast

10.2.5.3.1.1.             By Value

10.2.5.3.2.   Market Share & Forecast

10.2.5.3.2.1.             By Rolling Element

10.2.5.3.2.2.             By Gear Type

10.2.5.3.2.3.             By Design

10.2.5.3.2.4.             By Application

11. Middle East & Africa Slewing Bearing Market Outlook

11.1. Market Size & Forecast

11.1.1.    By Value

11.2. Market Share & Forecast

11.2.1.    By Rolling Element

11.2.2.    By Gear Type

11.2.3.    By Design

11.2.4.    By Application

11.2.5.    By Country

11.2.5.1.     Saudi Arabia Slewing Bearing Market Outlook

11.2.5.1.1.   Market Size & Forecast

11.2.5.1.1.1.             By Value

11.2.5.1.2.   Market Share & Forecast

11.2.5.1.2.1.             By Rolling Element

11.2.5.1.2.2.             By Gear Type

11.2.5.1.2.3.             By Design

11.2.5.1.2.4.             By Application

11.2.5.2.     UAE Slewing Bearing Market Outlook

11.2.5.2.1.   Market Size & Forecast

11.2.5.2.1.1.             By Value

11.2.5.2.2.   Market Share & Forecast

11.2.5.2.2.1.             By Rolling Element

11.2.5.2.2.2.             By Gear Type

11.2.5.2.2.3.             By Design

11.2.5.2.2.4.             By Application

11.2.5.3.     South Africa Slewing Bearing Market Outlook

11.2.5.3.1.   Market Size & Forecast

11.2.5.3.1.1.             By Value

11.2.5.3.2.   Market Share & Forecast

11.2.5.3.2.1.             By Rolling Element

11.2.5.3.2.2.             By Gear Type

11.2.5.3.2.3.             By Design

11.2.5.3.2.4.             By Application

12. Asia Pacific Slewing Bearing Market Outlook

12.1. Market Size & Forecast

12.1.1.    By Rolling Element

12.1.2.    By Gear Type

12.1.3.    By Design

12.1.4.    By Application

12.1.5.    By Country

12.1.5.1.     China Slewing Bearing Market Outlook

12.1.5.1.1.   Market Size & Forecast

12.1.5.1.1.1.             By Value

12.1.5.1.2.   Market Share & Forecast

12.1.5.1.2.1.             By Rolling Element

12.1.5.1.2.2.             By Gear Type

12.1.5.1.2.3.             By Design

12.1.5.1.2.4.             By Application

12.1.5.2.     India Slewing Bearing Market Outlook

12.1.5.2.1.   Market Size & Forecast

12.1.5.2.1.1.             By Value

12.1.5.2.2.   Market Share & Forecast

12.1.5.2.2.1.             By Rolling Element

12.1.5.2.2.2.             By Gear Type

12.1.5.2.2.3.             By Design

12.1.5.2.2.4.             By Application

12.1.5.3.     Japan Slewing Bearing Market Outlook

12.1.5.3.1.   Market Size & Forecast

12.1.5.3.1.1.             By Value

12.1.5.3.2.   Market Share & Forecast

12.1.5.3.2.1.             By Rolling Element

12.1.5.3.2.2.             By Gear Type

12.1.5.3.2.3.             By Design

12.1.5.3.2.4.             By Application

12.1.5.4.     South Korea Slewing Bearing Market Outlook

12.1.5.4.1.   Market Size & Forecast

12.1.5.4.1.1.             By Value

12.1.5.4.2.   Market Share & Forecast

12.1.5.4.2.1.             By Rolling Element

12.1.5.4.2.2.             By Gear Type

12.1.5.4.2.3.             By Design

12.1.5.4.2.4.             By Application

12.1.5.5.     Australia Slewing Bearing Market Outlook

12.1.5.5.1.   Market Size & Forecast

12.1.5.5.1.1.             By Value

12.1.5.5.2.   Market Share & Forecast

12.1.5.5.2.1.             By Rolling Element

12.1.5.5.2.2.             By Gear Type

12.1.5.5.2.3.             By Design

12.1.5.5.2.4.             By Application

13. Market Dynamics

13.1.   Drivers

13.2.   Challenges

14. Market Trends and Developments

15. Company Profiles

15.1.   Schaeffler India Limited

15.1.1.        Business Overview

15.1.2.        Key Revenue and Financials  

15.1.3.        Recent Developments

15.1.4.        Key Personnel

15.1.5.        Key Product/Services Offered

15.2.   The Timken Company

15.2.1.        Business Overview

15.2.2.        Key Revenue and Financials  

15.2.3.        Recent Developments

15.2.4.        Key Personnel

15.2.5.        Key Product/Services Offered

15.3.   Antex corp

15.3.1.        Business Overview

15.3.2.        Key Revenue and Financials  

15.3.3.        Recent Developments

15.3.4.        Key Personnel

15.3.5.        Key Product/Services Offered

15.4.   NSK Ltd.

15.4.1.        Key Revenue and Financials  

15.4.2.        Recent Developments

15.4.3.        Key Personnel

15.4.4.        Key Product/Services Offered

15.5.   La Leonessa S.p.A

15.5.1.        Business Overview

15.5.2.        Key Revenue and Financials  

15.5.3.        Recent Developments

15.5.4.        Key Personnel

15.5.5.        Key Product/Services Offered

15.6.   Fenghe Slewing Bearing

15.6.1.        Business Overview

15.6.2.        Key Revenue and Financials  

15.6.3.        Recent Developments

15.6.4.        Key Personnel

15.6.5.        Key Product/Services Offered

15.7.   Zhejiang Tianma Bearing Group Co., Ltd.

15.7.1.        Business Overview

15.7.2.        Key Revenue and Financials  

15.7.3.        Recent Developments

15.7.4.        Key Personnel

15.7.5.        Key Product/Services Offered

15.8.   WaFangDian Rolling Bearing Manufacturing CO.,LTD.

15.8.1.        Business Overview

15.8.2.        Key Revenue and Financials  

15.8.3.        Recent Developments

15.8.4.        Key Personnel

15.8.5.        Key Product/Services Offered

15.9.   Xuzhou Helin Slewing Bearing Co., Ltd.

15.9.1.        Business Overview

15.9.2.        Key Revenue and Financials  

15.9.3.        Recent Developments

15.9.4.        Key Personnel

15.9.5.        Key Product/Services Offered

15.10.Defontaine Group

15.10.1.     Business Overview

15.10.2.     Key Revenue and Financials  

15.10.3.     Recent Developments

15.10.4.     Key Personnel

15.10.5.     Key Product/Services Offered

16. Strategic Recommendations

17. About Us & Disclaimer

Figures and Tables

Frequently asked questions

down-arrow

The market size of the Global Slewing Bearing Market was estimated to be USD 5.17 billion in 2022.

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Ball segment was the dominant segment in the Global Slewing Bearing Market in 2022. The ball segment is a crucial element within the global slewing bearing market, constituting a significant subset of the overall market. Slewing bearings, also known as turntable bearings or slewing rings, are substantial bearings engineered to handle axial, radial, and moment loads.

down-arrow

Technological Advancements & Customization and Counterfeit Products and Quality Assurance are some of the challenges of Global Slewing Bearing Market.

down-arrow

Industrial Automation & Robotics Revolution and Renewable Energy Growth & Wind Turbine Installations are some of the drivers of Global Slewing Bearing Market.

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Srishti Verma

Business Consultant
Press Release

Slewing Bearing Market is expected to grow at a robust CAGR

Nov, 2023

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.

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