Wednesday, September 23, 2015

Slewing Bearings Market to Inevitably Grow in the Period of 2015-2020

The Report "Slewing Bearings Market Analysis- By Gear Types (Ungeared, External Gear, Internal Gear); By Construction (Single-row Four Point Contact Ball, Cross roller, Double roller); By Applications (Excavation, Medical, Turbines) with Forecast (2015 - 2020)” Published By IndustryARC; the market is estimated to increase to $4.2 Billion by 2020 at a CAGR of 6.9%

Browse 31 Market Tables & 56 Figures spread through 169 Pages and an in-depth TOC on "Slewing Bearings Market" http://industryarc.com/Report/6346/Slewing-Bearings-Market-Research-Report.html

Slewing Bearings are rotational bearings that are typically used to support machines that require heavy and bulky load handling. These bearings could only be used in a horizontal alignment to support devices like cranes, but now due to developments in its design it can also be used in a vertical alignment. Slewing Bearings work on the mechanical principle of radial and axial forces that result in the tilting motion. They provide major performance advantages over the use of traditional bearings.

Market Growth:

The Slewing Bearing Market is set to grow in the future because it has a vital application in different Renewable Energy Industries and the demand for these bearing will grow as a result of that. The Wind Power Industry is predicted to grow at 12% CAGR in the period of 2105-2020; this growth will also drive the Slewing Bearing Industry to grow in that period. In general, the demand for ball, roller and plain bearings is estimated to grow at 7.3% CAGR in the period of 2015-2020. All these factors give a clear indication that the Slewing Bearing Market is bound to grow in the 2015-2020 period.

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APAC and Europe are the leading markets for the Slewing Bearings and Rings Market; this is because there are established Excavation and Construction Industries in those regions.

Market Drivers:

Slewing Bearings are critical for any and all Industries that operate heavy machinery in any of their processes. The Slewing Bearing Market is driven by the increasing demand by Industries. Slewing Bearings are used in the Healthcare and Medical Equipment Industry as well as Developing Industries like Wind Power and Solar Energy. Slewing Bearings are also an essential component in the Renewable Energy field as it is used in Solar Panels and in Wind and Tidal turbines.

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Market Segmentation:

The Slewing Bearings Market is classified into 5 different categories:
  • By Gear Type: Ungeared, External Gear and Internal Gear.
  • By Construction/Design: Cross Roller Slewing Ring Bearing, Double-row Ball Slewing Ring Bearings and Others.
  • By Rolling Element: Ball, Roller, Track and Combined Ball & Roller.
  • By Applications: Construction industry, Wind Turbines, Radar and Others.
  • By Geography: Americas, Europe, APAC and ROW.


In this Market Report by IndustryARC, the sub-categories with an in-depth analysis are included.  

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Key Players:

The Slewing Bearings Industry has a large number of small and medium sized producers and a few large sized producers. The global market of the Slewing Bearings is fragmented and approximately is a $2.45 Billion Industry. Although the market is fragmented, three major players are present that control a major chunk of the market share. ThyssenKrupp Group, IMO Group and SKF Group control 40% of the market share and are looking to expand even further by acquiring or merging with local smaller sized manufacturers.  A more detailed list of players with their company profiles is included in the Market Report by IndustryARC. Few mentioned in the report are:
  • Antex Corporation
  • Buitendijk Techniek B.V.
  • H-FANG
  • HydroPower Systems
  • Jinan International Trade Co., Ltd.
  • Kaydon Corporation


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