Global Slewing Bearings Market, By Type (Internal, External, Ungeared), By Application (Medical Equi

Published Date: | Report Code : EQ1958581

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The Slewing Bearings Market growth is expected to gain high momentum during the forecast period due to Increase in the demand for highly efficient and productive machinery.

A rotational bearing that is generally used in machines that need heavy and bulk handling is a slewing bearing. These bearings have a rotational as well as a to and fro movement. The axial and radial forces work on the bearing which brings about the tilted movements.

The applications of these bearing are both simple like the movement of winches and complex such as drilling machines.

Segment Analysis:

This market is segmented into type and application.

Based on the type, the segmentation is internal, external and ungeared.

On the basis of the application, the segmentation is medical equipment, radar, excavation industry, construction industry, wind turbines, and others. The usage is the most in the wind turbines as these bearings are a major component.

This market is increasing gradually in the APAC region as there has been a subsequent growth in the solar investments being made in the developing countries.

Key Factors Impacting Market Growth:

  • Increase in the demand for highly efficient and productive machinery

  • Increased demand from the end-use industries

  • increase in the use of renewable energy

Regional Outlook:

Major regions for slewing bearings market are estimated to North America, Western Europe, and Asia Pacific. North America and Western Europe have been traditional markets for slewing bearings owing to strong presence of industrial sector. The industrial sector has been one of the key contributors to the economies in these regions. Major industries in these regions are estimated to be increase in the demand for highly efficient and productive machinery. These industries have an established base resulting in stable market demand. Moreover, most of these industries have been witnessing transition in terms of product development and production methods. These factors are expected to drive the demand for slewing bearings market in the North America and Western Europe region. Major markets by country in these regions include US, Germany, France, UK, Canada, Spain, and others. Asia Pacific and Middle East region has witnessed tremendous growth of the industrial sector in recent years. Major companies operating in this market have made strategic developments to improve market presence in these regions. In addition to this, some of the fastest growing economies including China and India have been major markets for various end-use industries including building & construction, automotive, healthcare, manufacturing, and so on. Among these industries, increase in the demand for highly efficient and productive machinery are estimated to register high demand for slewing bearings market during the forecast period. On the other hand, Middle East region has witnessed diversification in terms of industrial outlook in recent decades. UAE, Saudi Arabia, Qatar, and others have been instrumental in promoting development of various industries including building & construction, pharmaceuticals, automotive, and so on. This is expected to drive the growth of slewing bearings market directly or indirectly in the region. Eastern Europe consisting of Russia and Turkey promises a stable demand for slewing bearings market during the forecast period. Rest of the World including South America and Africa are estimated to be a developing market with strong potential in strategic future.

Companies Covered: SKF, The Timken, Antex, NSK, Kaydon Bearing, Schaeffler AG, Liebherr, Rollix, ABC Bearing, and BN Bearing

Market Segmentation:

By Type:

  • Internal

  • External

  • Ungeared

By Application:

  • Medical Equipment

  • Radar

  • Excavation Industry

  • Construction Industry

  • Wind Turbines

  • Others

By Region:

  • North America

    • By Country (US, Canada, Mexico)

    • By Type

    • By Application

  • Western Europe

    • By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)

    • By Type

    • By Application

  • Eastern Europe

    • By Country (Russia, Turkey, Rest of Eastern Europe)

    • By Type

    • By Application

  • Asia Pacific

    • By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)

    • By Type

    • By Application

  • Middle East

    • By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)

    • By Type

    • By Application

  • Rest of the World

    • By Region (South America, Africa)

    • By Type

    • By Application

Reasons to Buy This Report:

  • Market size estimation of the global slewing bearings market on regional and global basis

  • Unique research design for market size estimation and forecast

  • Profiling of major companies operating in the market with key developments

  • Broad scope to cover all the possible segments helping every stakeholder in the market

Customization:

We provide customization of the study to meet specific requirements:

  • By Segment

  • By Sub-segment

  • By Region/Country

For more information, contact: [email protected]

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