What is Slewing Bearings Market?
Slewing bearing is a large bearing with is a rotational rolling-element bearing that can bear integrated load like axial load, radial load, and overturning load. These bearings comprise an inner ring and an outer ring that have a very high load-carrying capability. They have huge dimensions, OD usually between 0.4m to 10m, and some even to 40m. Slewing bearings can be used for numerous applications such as wind power, off-highway equipment, packaging machinery, drilling and mining, robotics, cranes, and satellite equipment.
The market study is being classified, by Application (Wind Power, Off-highway equipment, Packaging machinery, Robotics, Cranes, Drilling and mining, Satellite equipment, Agriculture Equipment, Medical Equipment and Others) and major geographies with country level break-up.
Liebherr (Germany), Rotek Inc. (United States), TGB Group Technologies (Spain), Meta Hydraulic S.r.l. (Italy), ThyssenKrupp AG (Germany), AB SKF (Sweden), Schaeffler Group (Germany), Timken Company (United States), NSK Ltd. (Japan), La Leonessa (Italy) and Silverthin Bearing Group (United States) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are Wafangdian Bearing Group Co., Ltd. (China) and Xuzhou Wanda Slewing Bearing Co., Ltd. (China).
The companies are exploring the market by adopting expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain a competitive advantage through combined collaborations. Research Analyst at AMA predicts that German and United States Manufacturers will contribute to the maximum growth of Global Slewing Bearings market throughout the predicted period.
Analyst at AMA have segmented the market study of Global Slewing Bearings market by Type, Application and Region.
On the basis of geography, the market of Slewing Bearings has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- High Demand of Slewing Bearings for Wind Turbine
- Increasing Use of Slewing Bearings in Numerous industries such as Marine and Metallurgy
- Increasing Demand for Technologically Advanced Products
- High Cost of the Slewing Bearings
- Robust Increase in the Distribution Channels
- Growing Demand from End-users
- Technological Advancement in Slewing Bearings
- Careful Maintenance Necessity of the Slewing Bearings
Market Leaders and some development strategies
In August 2018, Timken India Ltd, a subsidiary of The Timken Company, a global leader in engineered bearings and power transmission products, has completed the acquisition of ABC Bearings Ltd, a manufacturer of tapered, cylindrical and spherical roller bearings and slewing rings, based in India.
Key Target AudienceSlewing Bearings Manufacturers, Raw Material Suppliers, Distributors, Emerging Companies, Research Professionals and End-users
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