According to the new research report titled “Slewing Bearing Market Forecast to 2028 - COVID-19 Impact and Global Analysis,” the market is expected to reach US$ 5,831.2 million by 2028, registering a CAGR of 5.4% from 2021 to 2028.
Slewing bearings, also known as slew ring bearings, are plain bearings with a rotational or rolling component. The bearings are typically meant to support heavy but slowly oscillating or slow-turning loads. Growing focus on renewable energy and increasing infrastructural development are the key factors contributing to the global slewing bearings market growth. Further, a wide range of applications of slewing bearings in wind turbines, construction and mining equipment, medical equipment, industrial machinery, cranes, and robots, is also fueling the market growth. Further, low-noise and cost-effective operations, precise positioning, and heavy load handling capacity are among the key benefits of slewing bearings that drive their adoption in various applications. Moreover, rise in inclination toward factory automation and rapid industrialization in emerging economies are the among the other factors likely to drive the slewing bearings market during the forecast period.
The global slewing bearing market is segmented based on rolling element, gear type, and application. Based on rolling element, the market is segmented into ball and roller. The ball segment dominated the market in 2020. Based on gear type, the slewing bearing market is segmented into internal gear, ungeared, and external gear. The internal gear segment led the market in 2020. In terms of application, the slewing bearing market is segmented into wind and solar energy, aerospace and defense, medical, industrial machinery, oil and gas, mining, and others. The industrial machinery segment led the market in 2020.
Asia Pacific held the largest revenue share of the market, followed by Europe. The slewing bearings market growth in APAC is attributed to development strategies that emphasize on investing more on wind and solar energy infrastructure. Further, surge in mining activities in countries such as India and China, coupled with other infrastructure developments, is contributing to the market growth in the region.
The COVID-19 pandemic has negatively impacted the growth of the slewing bearing market. It has severely hit the mining and manufacturing sectors across the world. However, these sectors are not likely to experience long-term effects most of the projects are megaprojects. The sectors have managed to regain their normal pace of growth. Major strategic developments are taking place in the slewing bearing market. MNCs are investing more in this segment because of the increasing consumer demand. However, the imposition of lockdown by governments with the re-emergence of subsequent infection waves is likely to slower production of slewing bearings intermittently.
Reasons to Buy
Slewing bearings, also known as slew ring bearings, are plain bearings with a rotational or rolling component. The bearings are typically meant to support heavy but slowly oscillating or slow-turning loads. Growing focus on renewable energy and increasing infrastructural development are the key factors contributing to the global slewing bearings market growth. Further, a wide range of applications of slewing bearings in wind turbines, construction and mining equipment, medical equipment, industrial machinery, cranes, and robots, is also fueling the market growth. Further, low-noise and cost-effective operations, precise positioning, and heavy load handling capacity are among the key benefits of slewing bearings that drive their adoption in various applications. Moreover, rise in inclination toward factory automation and rapid industrialization in emerging economies are the among the other factors likely to drive the slewing bearings market during the forecast period.
The global slewing bearing market is segmented based on rolling element, gear type, and application. Based on rolling element, the market is segmented into ball and roller. The ball segment dominated the market in 2020. Based on gear type, the slewing bearing market is segmented into internal gear, ungeared, and external gear. The internal gear segment led the market in 2020. In terms of application, the slewing bearing market is segmented into wind and solar energy, aerospace and defense, medical, industrial machinery, oil and gas, mining, and others. The industrial machinery segment led the market in 2020.
Key Findings of Study:
Asia Pacific held the largest revenue share of the market, followed by Europe. The slewing bearings market growth in APAC is attributed to development strategies that emphasize on investing more on wind and solar energy infrastructure. Further, surge in mining activities in countries such as India and China, coupled with other infrastructure developments, is contributing to the market growth in the region.
The COVID-19 pandemic has negatively impacted the growth of the slewing bearing market. It has severely hit the mining and manufacturing sectors across the world. However, these sectors are not likely to experience long-term effects most of the projects are megaprojects. The sectors have managed to regain their normal pace of growth. Major strategic developments are taking place in the slewing bearing market. MNCs are investing more in this segment because of the increasing consumer demand. However, the imposition of lockdown by governments with the re-emergence of subsequent infection waves is likely to slower production of slewing bearings intermittently.
Reasons to Buy
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global slewing bearing market.
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the global slewing bearing market, thereby allowing players across the value chain to develop effective long-term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution.
Table of Contents
1. Introduction1.1 Study Scope1.2 The Publisher's Research Report Guidance
1.3 Market Segmentation
1.3.1 Slewing Bearing Market - By Rolling Element
1.3.2 Slewing Bearing Market - By Gear Type
1.3.3 Slewing Bearing Market - By Application
1.3.4 Slewing Bearing Market - By Region
2. Key Takeaways
3. Research Methodology3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Slewing Bearing Market Landscape4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America PEST Analysis
4.2.2 Europe PEST Analysis
4.2.3 Asia-Pacific PEST Analysis
4.2.4 Middle East and Africa PEST Analysis
4.2.5 South America PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Slewing Bearings Market - Key Market Dynamics5.1 Key Market Drivers
5.1.1 Increasing Defense Budgets
5.1.2 Flourishing Mining Industry
5.2 Key Market Restraints
5.2.1 Fluctuating Raw Material Prices
5.3 Key Market Opportunities
5.3.1 Growing Preference for Renewable Energy
5.4 Future Trends
5.4.1 Proliferation of Industrial Automation
5.5 Impact Analysis of Drivers and Restraints
6. Slewing Bearing Market - Global Analysis6.1 Slewing Bearing Market Global Overview
6.2 Slewing Bearing Market - Revenue and Forecast to 2028 (US$ Million)
6.3 Market Positioning - Five Key Players
7. Slewing Bearing Market Analysis - By Rolling Element7.1 Overview
7.2 Slewing Bearing Market, By Rolling Element (2020 and 2028)
7.3 Ball
7.3.1 Overview
7.3.2 Ball: Slewing Bearing Market - Revenue and Forecast to 2028 (US$ Million)
7.4 Roller
7.4.1 Overview
7.4.2 Roller: Slewing Bearing Market - Revenue and Forecast to 2028 (US$ Million)
8. Slewing Bearing Market Analysis - By Gear Type8.1 Overview
8.2 Slewing Bearing Market, By Gear Type (2020 and 2028)
8.3 Internal Gear
8.3.1 Overview
8.3.2 Internal Gear: Slewing Bearing Market - Revenue and Forecast to 2028 (US$ Million)
8.4 Ungeared
8.4.1 Overview
8.4.2 Ungeared: Slewing Bearing Market - Revenue and Forecast to 2028 (US$ Million)
8.5 External Gear
8.5.1 Overview
8.5.2 External Gear: Slewing Bearing Market - Revenue and Forecast to 2028 (US$ Million)
9. Slewing Bearing Market Analysis - By Application9.1 Overview
9.2 Slewing Bearing Market Breakdown, by Application, 2020 & 2028
9.3 Wind and Solar Energy
9.3.1 Overview
9.3.2 Wind and Solar Energy Market Revenue and Forecast to 2028 (US$ Million)
9.4 Aerospace and Defense
9.4.1 Overview
9.4.2 Aerospace and Defense Market Revenue and Forecast to 2028 (US$ Million)
9.5 Medical
9.5.1 Overview
9.5.2 Medical Market Revenue and Forecast to 2028 (US$ Million)
9.6 Industrial Machinery
9.6.1 Overview
9.6.2 Industrial Machinery Market Revenue and Forecast to 2028 (US$ Million)
9.7 Oil and Gas
9.7.1 Overview
9.7.2 Oil and Gas Market Revenue and Forecast to 2028 (US$ Million)
9.8 Mining
9.8.1 Overview
9.8.2 Mining Market Revenue and Forecast to 2028 (US$ Million)
9.9 Others
9.9.1 Overview
9.9.2 Others Market Revenue and Forecast to 2028 (US$ Million)
10. Slewing Bearing Market - Geographic Analysis10.1 Overview
10.2 North America: Slewing Bearing Market
10.2.1 North America: Slewing Bearing Market - Revenue and Forecast to 2028 (US$ Million)
10.2.2 North America: Slewing Bearing Market, by Rolling Element
10.2.3 North America: Slewing Bearing Market, by Gear Type
10.2.4 North America: Slewing Bearing Market, by Application
10.2.5 North America: Slewing Bearing Market, by Key Country
10.2.5.1 US: Slewing Bearing Market - Revenue and Forecast to 2028 (US$ Million)
10.2.5.1.1 US: Slewing Bearing Market, by Rolling Element
10.2.5.1.2 US: Slewing Bearing Market, by Gear Type
10.2.5.1.3 US: Slewing Bearing Market, by Application
10.2.5.2 Canada: Slewing Bearing Market - Revenue and Forecast to 2028 (US$ Million)
10.2.5.2.1 Canada: Slewing Bearing Market, by Rolling Element
10.2.5.2.2 Canada: Slewing Bearing Market, by Gear Type
10.2.5.2.3 Canada: Slewing Bearing Market, by Application
10.2.5.3 Mexico: Slewing Bearing Market - Revenue and Forecast to 2028 (US$ Million)
10.2.5.3.1 Mexico: Slewing Bearing Market, by Rolling Element
10.2.5.3.2 Mexico: Slewing Bearing Market, by Gear Type
10.2.5.3.3 Mexico: Slewing Bearing Market, by Application
10.3 Europe: Slewing Bearing Market
10.3.1 Europe: Slewing Bearing Market - Revenue and Forecast to 2028 (US$ Million)
10.3.2 Europe: Slewing Bearing Market, by Rolling Element
10.3.3 Europe: Slewing Bearing Market, by Gear Type
10.3.4 Europe: Slewing Bearing Market, by Application
10.3.5 Europe: Slewing Bearing Market, by Key Country
10.3.5.1 France: Slewing Bearing Market - Revenue and Forecast to 2028 (US$ Million)
10.3.5.1.1 France: Slewing Bearing Market, by Rolling Element
10.3.5.1.2 France: Slewing Bearing Market, by Gear Type
10.3.5.1.3 France: Slewing Bearing Market, by Application
10.3.5.2 Germany: Slewing Bearing Market - Revenue and Forecast to 2028 (US$ Million)
10.3.5.2.1 Germany: Slewing Bearing Market, by Rolling Element
10.3.5.2.2 Germany: Slewing Bearing Market, by Gear Type
10.3.5.2.3 Germany: Slewing Bearing Market, by Application
10.3.5.3 Italy: Slewing Bearing Market - Revenue and Forecast to 2028 (US$ Million)
10.3.5.3.1 Italy: Slewing Bearing Market, by Rolling Element
10.3.5.3.2 Italy: Slewing Bearing Market, by Gear Type
10.3.5.3.3 Italy: Slewing Bearing Market, by Application
10.3.5.4 UK: Slewing Bearing Market - Revenue and Forecast to 2028 (US$ Million)
10.3.5.4.1 UK: Slewing Bearing Market, by Rolling Element
10.3.5.4.2 UK: Slewing Bearing Market, by Gear Type
10.3.5.4.3 UK: Slewing Bearing Market, by Application
10.3.5.5 Russia: Slewing Bearing Market - Revenue and Forecast to 2028 (US$ Million)
10.3.5.5.1 Russia: Slewing Bearing Market, by Rolling Element
10.3.5.5.2 Russia: Slewing Bearing Market, by Gear Type
10.3.5.5.3 Russia: Slewing Bearing Market, by Application
10.3.5.6 Rest of Europe: Slewing Bearing Market - Revenue and Forecast to 2028 (US$ Million)
10.3.5.6.1 Rest of Europe: Slewing Bearing Market, by Rolling Element
10.3.5.6.2 Rest of Europe: Slewing Bearing Market, by Gear Type
10.3.5.6.3 Rest of Europe: Slewing Bearing Market, by Application
10.4 APAC: Slewing Bearing Market
10.4.1 APAC: Slewing Bearing Market - Revenue and Forecast to 2028 (US$ Million)
10.4.2 APAC: Slewing Bearing Market, by Rolling Element
10.4.3 APAC: Slewing Bearing Market, by Gear Type
10.4.4 APAC: Slewing Bearing Market, by Application
10.4.5 APAC: Slewing Bearing Market, by Key Country
10.4.5.1 Australia: Slewing Bearing Market - Revenue and Forecast to 2028 (US$ Million)
10.4.5.1.1 Australia: Slewing Bearing Market, by Rolling Element
10.4.5.1.2 Australia: Slewing Bearing Market, by Gear Type
10.4.5.1.3 Australia: Slewing Bearing Market, by Application
10.4.5.1.4 China: Slewing Bearing Market - Revenue and Forecast to 2028 (US$ Million)
10.4.5.1.5 China: Slewing Bearing Market, by Rolling Element
10.4.5.1.6 China: Slewing Bearing Market, by Gear Type
10.4.5.1.7 China: Slewing Bearing Market, by Application
10.4.5.2 India: Slewing Bearing Market - Revenue and Forecast to 2028 (US$ Million)
10.4.5.2.1 India: Slewing Bearing Market, by Rolling Element
10.4.5.2.2 India: Slewing Bearing Market, by Gear Type
10.4.5.2.3 India: Slewing Bearing Market, by Application
10.4.5.3 Japan: Slewing Bearing Market - Revenue and Forecast to 2028 (US$ Million)
10.4.5.3.1 Japan: Slewing Bearing Market, by Rolling Element
10.4.5.3.2 Japan: Slewing Bearing Market, by Gear Type
10.4.5.3.3 Japan: Slewing Bearing Market, by Application
10.4.5.4 South Korea: Slewing Bearing Market - Revenue and Forecast to 2028 (US$ Million)
10.4.5.4.1 South Korea: Slewing Bearing Market, by Rolling Element
10.4.5.4.2 South Korea: Slewing Bearing Market, by Gear Type
10.4.5.4.3 South Korea: Slewing Bearing Market, by Application
10.4.5.5 Rest of APAC: Slewing Bearing Market - Revenue and Forecast to 2028 (US$ Million)
10.4.5.5.1 Rest of APAC: Slewing Bearing Market, by Rolling Element
10.4.5.5.2 Rest of APAC: Slewing Bearing Market, by Gear Type
10.4.5.5.3 Rest of APAC: Slewing Bearing Market, by Application
10.5 MEA: Slewing Bearing Market
10.5.1 MEA: Slewing Bearing Market - Revenue and Forecast to 2028 (US$ Million)
10.5.2 MEA: Slewing Bearing Market, by Rolling Element
10.5.3 MEA: Slewing Bearing Market, by Gear Type
10.5.4 MEA: Slewing Bearing Market, by Application
10.5.5 MEA: Slewing Bearing Market, by Key Country
10.5.5.1 South Africa: Slewing Bearing Market - Revenue and Forecast to 2028 (US$ Million)
10.5.5.1.1 South Africa: Slewing Bearing Market, by Rolling Element
10.5.5.1.2 South Africa: Slewing Bearing Market, by Gear Type
10.5.5.1.3 South Africa: Slewing Bearing Market, by Application
10.5.5.2 Saudi Arabia: Slewing Bearing Market - Revenue and Forecast to 2028 (US$ Million)
10.5.5.2.1 Saudi Arabia: Slewing Bearing Market, by Rolling Element
10.5.5.2.2 Saudi Arabia: Slewing Bearing Market, by Gear Type
10.5.5.2.3 Saudi Arabia: Slewing Bearing Market, by Application
10.5.5.3 UAE: Slewing Bearing Market - Revenue and Forecast to 2028 (US$ Million)
10.5.5.3.1 UAE: Slewing Bearing Market, by Rolling Element
10.5.5.3.2 UAE: Slewing Bearing Market, by Gear Type
10.5.5.3.3 UAE: Slewing Bearing Market, by Application
10.5.5.4 Rest of MEA: Slewing Bearing Market - Revenue and Forecast to 2028 (US$ Million)
10.5.5.4.1 Rest of MEA: Slewing Bearing Market, by Rolling Element
10.5.5.4.2 Rest of MEA: Slewing Bearing Market, by Gear Type
10.5.5.4.3 Rest of MEA: Slewing Bearing Market, by Application
10.6 SAM: Slewing Bearing Market
10.6.1 SAM: Slewing Bearing Market - Revenue and Forecast to 2028 (US$ Million)
10.6.2 SAM: Slewing Bearing Market, by Rolling Element
10.6.3 SAM: Slewing Bearing Market, by Gear Type
10.6.4 SAM: Slewing Bearing Market, by Application
10.6.5 SAM: Slewing Bearing Market, by Key Country
10.6.5.1 Brazil: Slewing Bearing Market - Revenue and Forecast to 2028 (US$ Million)
10.6.5.1.1 Brazil: Slewing Bearing Market, by Rolling Element
10.6.5.1.2 Brazil: Slewing Bearing Market, by Gear Type
10.6.5.1.3 Brazil: Slewing Bearing Market, by Application
10.6.5.2 Argentina: Slewing Bearing Market - Revenue and Forecast to 2028 (US$ Million)
10.6.5.2.1 Argentina: Slewing Bearing Market, by Rolling Element
10.6.5.2.2 Argentina: Slewing Bearing Market, by Gear Type
10.6.5.2.3 Argentina: Slewing Bearing Market, by Application
10.6.5.3 Rest of SAM: Slewing Bearing Market - Revenue and Forecast to 2028 (US$ Million)
10.6.5.3.1 Rest of SAM: Slewing Bearing Market, by Rolling Element
10.6.5.3.2 Rest of SAM: Slewing Bearing Market, by Gear Type
10.6.5.3.3 Rest of SAM: Slewing Bearing Market, by Application
11. Slewing Bearings Market - COVID-19 Impact Analysis11.1 Overview
11.2 North America
11.3 Europe
11.4 Asia Pacific
11.5 Middle East and Africa
11.6 South America
12. Industry Landscape12.1 Overview
12.2 Market Initiative
12.3 Merger and Acquisition
13. Company Profiles13.1 Antex corp.
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 IMO Group
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Italcuscinetti S.p.A. a Socio Unico
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Liebherr
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 NTN Corporation
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Schaeffler Technologies AG & Co. KG
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 SKF
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 thyssenkrupp rothe erde Germany GmbH
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 THE TIMKEN COMPANY
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 Emerson Bearing Company
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
14. Appendix14.1 About the Publisher
14.2 Word Index
Companies Mentioned
- Antex corp.
- IMO Group
- Italcuscinetti S.p.A. a Socio Unico
- Liebherr
- NTN Corporation
- Schaeffler Technologies AG & Co. KG
- SKF
- Thyssenkrupp rothe erde Germany GmbH
- THE TIMKEN COMPANY
- Emerson Bearing Company
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 167 |
| Published | July 2021 |
| Forecast Period | 2021 - 2028 |
| Estimated Market Value ( USD | $ 4025.1 Million |
| Forecasted Market Value ( USD | $ 5831.2 Million |
| Compound Annual Growth Rate | 5.4% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
