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Data Bridge Market Research has unveiled a new report called “Slewing Bearings Market“ which provides an in-depth exploration of growth strategies, drivers, opportunities, key segments, Porter’s Five Forces analysis, and the competitive landscape. The Slewing Bearings marketing report offers an in-depth investigation of the market driving factors, opportunities, restraints, and challenges for obtaining crucial insight of the market. Such a brilliant report has been prepared by a team of enthusiastic analysts, skilled researchers, and experienced forecasters who work meticulously for the same. The wide-ranging market research report presents intelligent solutions to versatile business challenges and instigates an effortless decision-making process.
Data Bridge Market Research analyses that the slewing bearings market was valued at USD 4262.58 million in 2022 and is expected to reach the value of USD 6742.80 million by 2030, at a CAGR of 5.90% during the forecast period. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
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Global Slewing Bearings Market Dynamics
Drivers
- Rising usage of slewing bearings in renewable energy
The slewing bearings in renewable energy is utilized to support the tower and other structures such as generators, gearboxes and others. The role of a slewing bearing in wind turbine generators (WTG) mostly comprises supporting the wind turbine generators (WTG) rotor at its operating temperature. it also helps to absorb radial loads and axial loads acting on the shafts owing to gravity effect resulting from the distorted placement of heavy components such as generator and blades. An increase in the installation of wind turbine to deal with the increasing demand for electricity is a major factor which is expected to increase the growth of the market globally for wind turbine during the forecast period.
Opportunities
- Increasing application of slewing bearings in the forest machinery
Forest machinery requires strong components, for wood processing and timber harvesting activities. Slewing bearings have the advanced design and it can work in rough environmental situations. Furthermore, these highly advanced slewing bearing balls accept the high rotating speed of the de-barkers and the shocks and the temperature of the snow forests or boreal. These modern trends in the slewing bearings are projected to create immense opportunities in the global market.
Noteworthy Players Operating at Regional and Global Levels:
- thyssenkrupp rothe erde Germany GmbH (Germany)
- SKF (Sweden)
- Schaeffler India Limited (India)
- THE TIMKEN COMPANY (U.S.)
- Antex corp (Japan)
- NSK Ltd. (Japan)
- LA LEONESSA S.p.A (Italy)
- Fenghe Slewing Bearing (U.S.)
- Zhejiang Tianma Bearing Group Co., Ltd. (China)
- WaFangDian Rolling Bearing Manufacturing CO.,LTD. (China)
- Xuzhou Helin Slewing Bearing Co., Ltd. (China)
- ABC Bearings (India)
- NTN-SNR (U.S.)
- Kaydon Bearing (U.S.)
- Defontaine Group (France)
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Slewing Bearings Market Segmentations:
Rolling Element
- Ball
- Roller
Gear Type
- Internal Gear
- Ungeared
- External Gear
Product
- External Gear Type Slewing Bearings
- Internal Gear Type Slewing Bearings
- Non-gear Type Slewing Bearings
 Applications
- Renewable Equipment
- Medical Equipment
- Construction and Transit Equipment
- Industrial Equipment
Design
- Cross Roller Slewing Ring Bearing
- Bi-Angular Roller or Taper
- Single-row Four Point Contact Ball Slewing Ring Bearing
- Four and Eight Point Contact Ball
- Three-Row Roller Slewing Ring Bearings
- Double-Row Ball Slewing Ring Bearings
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