Overview of slewing bearing market

Slewing bearing is a special kind of bearing, it provides several performance and design benefits over traditional type. Slewing ring is usually applied on machines which requires heavy and bulky load handling. It work based on axial and radial forces, as well as tilting moments.

The global slewing bearing market is characterized by large number of small and medium sized manufacturers,with few large scale manufacturers. And as the growth of the increasing demand for renewable energy sources, marine vessels, and material handling equipments, the slewing rings market is estimated to continue to grow. The United States is a major market and Europe is gainning the market share, and the APAC takes the third place, but has great potential.

Market driving factors of slewing bearing

Solar energy, wind energy and healthcare are the major propelling developing end use industries. To be more specific, below applications:
*Cranes
*Stackers
*Bottling machines
*In access platforms
*Wind turbines
*Robotics
*Mining equipments
*Water treatment
*Material handling equipments

Insights of slewing bearing market

* The installed wind capacity is forecasted to grow through 2019 to 2025 and is a major driver for this market.
* Installation of solar plants is increasing marjorly in China, India and South America.
* Big slewing bearing manufacturers such as SKF, ThyssenKrupp are looking to expand by acquiring or merging with local smaller sized producers.