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 $4.2 Billion by 2020 at a CAGR of 6.9%
Browse 31 Market
Tables & 56 Figures spread through 169 Pages and an in-depth TOC on "Slewing Bearings Market" http://industryarc.com/Report/6346/Slewing-Bearings-Market-Research-Report.html
Slewing
Bearings are rotational bearings that are typically
used to support machines that require heavy and bulky load handling. These
bearings could only be used in a horizontal alignment to support devices like
cranes, but now due to developments in its design it can also be used in a
vertical alignment. Slewing Bearings work on the mechanical principle of radial
and axial forces that result in the tilting motion. They provide major
performance advantages over the use of traditional bearings. APAC and Europe are the leading markets
for the Slewing Bearings and Rings
Market; this is because there are established Excavation and Construction
Industries in those regions. The Slewing Bearings Market is classified into 5
different categories; by Gear Type, by Construction/Design, by Rolling Element, by Applications and by Geography. The sub-categories with
an in-depth analysis are included in the Market Report on Slewing Bearings by
IndustryARC.
Market
Drivers:
Slewing
Bearings are critical for any and all Industries that
operate heavy machinery in any of their processes. The Slewing Bearing Market is driven by the increasing demand by Industries. Slewing Bearings are used in the Healthcare and Medical Equipment Industry
as well as Developing Industries like Wind
Power and Solar Energy. Slewing
Bearings are also an essential component in the Renewable Energy field as it is used in Solar Panels and in Wind
and Tidal turbines.
Market
Trends:
According
to IndustryARC, Slewing Bearings Market is accounted to be a 2.45$ Billion
Industry. This revenue is set to grow further during
the forecast period 2015-2020 due to the increasing number of manufacturers
across the world.
Regionally,
Europe and APAC are the leading markets
of Slewing Bearings and Rings. The dominant position of these regions in
the market is due to the Established Construction, Excavation and Communication
Equipment Industries.
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.
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.
About
IndustryARC:
IndustryARC
is a research and consulting firm that publishes more than 500 reports annually
in various industries, such as Agriculture, Automotive, Automation &
Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food
& Beverages, Information Technology, Life sciences & Healthcare.
IndustryARC
primarily focuses on Cutting Edge Technologies and Newer Applications of the
Market. Our Custom Research Services are designed to provide insights on the
constant flux in the global demand-supply gap of markets. Our strong analyst
team enables us to meet the client research needs at a very quick speed with a
variety of options for your business.
We
look forward to support the client to be able to better address customer needs;
stay ahead in the market; become the top competitor and get real-time
recommendations on business strategies and deals. Contact us to find out how we
can help you today.
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