Global Slewing Bearing (Diameter From 200mm to 3000mm) Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Slewing Bearing (Diameter From 200mm to 3000mm) Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Slewing Bearing (Diameter From 200mm to 3000mm) is a rotational rolling-element bearing that typically supports a heavy but slow-turning or slow-oscillating load, often a horizontal platform such as a conventional crane, a swing yarder, or the wind-facing platform of a horizontal-axis windmill.

Slewing bearings comprise an inner ring and an outer ring, one of which usually incorporates a gear. Together with attachment holes in both rings, they enable an optimized power transmission with a simple and quick connection between adjacent machine components. The bearing raceways, in conjunction with the rolling elements and cages or spacers, are designed to accommodate loads acting singly or in combination, and in any direction.

Market Overview:

The latest research study on the global Slewing Bearing (Diameter From 200mm to 3000mm) market finds that the global Slewing Bearing (Diameter From 200mm to 3000mm) market reached a value of USD 3831.98 million in 2022. It’s expected that the market will achieve USD 5613.48 million by 2028, exhibiting a CAGR of 6.57% during the forecast period.

Impact on industry competition

COVID-19 has a certain impact on the operation of slewing bearing industry, especially on small and medium-sized enterprises. COVID-19 aggravates the shortage of funds for small and medium-sized enterprises and reduces the solvency of companies. Some small and medium-sized enterprises are in trouble or even go bankrupt. The epidemic may cause some small and medium-sized enterprises to withdraw from the market, thus increasing market concentration. Large enterprises with high anti-risk ability and good ability to cope with epidemic situation will occupy more market share. Some small businesses may be merged and acquired.

Affect product export

COVID-19 epidemic has swept the world, and the inspection standards of imported products by customs of various countries have been significantly improved. At the same time, restrictions on the movement of people have also increased. Restricting people's entry and exit will lead to the sales staff of export enterprises unable to attend foreign exhibitions. There is a risk of decreasing the order quantity of enterprises. In areas with severe epidemic situation, some employees of enterprises can't go to work due to epidemic situation, which may cause product production stagnation or delayed completion. The shortage of personnel leads to the long-term overload of on-the-job personnel at present, which puts great pressure on the safe and stable operation of enterprises.

New energy market development

With the countries around the world paying more and more attention to energy security, ecological environment, climate change and other issues, accelerating the development of wind power industry has become the universal consensus and concerted action of the international community to promote energy transformation and development and cope with global climate change. Wind power, as the most widely used and fastest-growing new energy power generation technology, has become an important part of new power supply in some countries. Slewing Bearing is the core component of wind power equipment. Because of the harsh working conditions of wind power equipment, long service life and high reliability, wind power bearings have high technical complexity.

Intense market competition

For most industries the intensity of competitive rivalry is the major determinant of the competitiveness of the industry. Having an understanding of industry rivals is vital to successfully market a product. Positioning pertains to how the public perceives a product and distinguishes it from competitors. A business must be aware of its competitors marketing strategy and pricing and also be reactive to any changes made.
There are many influential manufacturers in the Slewing Bearing market, and the industry competition is becoming increasingly fierce. Slewing Bearing has a wide range of applications. With the global economic progress, the infrastructure is constantly improved, and the downstream market demand of Slewing Bearing is constantly increasing, attracting more market participants to enter the market. Intense market competition and more market participants have posed certain challenges to the quality, after-sales guarantee and sales channels of Slewing Bear

Region Overview:

In global comparison, a significant portion of the revenue was generated in Asia Pacific (56.1% in 2021).

Company Overview:

ThyssenKrupp is one of the major players operating in the Slewing Bearing (Diameter From 200mm to 3000mm) market, holding a share of 24.15% in 2021.

ThyssenKrupp

ThyssenKrupp AG is a Germany-based diversified industrial company. It operates in six Segments: The Steel Europe Segment produces flat carbon steel products; the Steel Americas Segment processes and markets steel products in North and South America; the materials Services Segment engages in the global distribution of materials and the provision of technical services for the production and manufacturing sectors; the Elevator Technology Segment specializes in the construction, modernization and servicing of elevators, escalators, moving walks, stair, and platform lifts, as well as passenger boarding bridges; the Industrial Solutions Segment offers engineering and construction services, and the Components Technology Segment offers components for the automotive, construction and engineering sectors, as well as for wind turbines. Its product portfolio comprises construction vehicles, chemicals, packaging steel and parts for the wind energy and oil industries, among others.

SKF

SKF is a company that develops, designs, and manufactures bearings, seals, and lubrication systems. It operates in two segments: Industrial and Automotive. The Industrial segment is engaged in the development and manufacture of bearings, seals, and lubrication systems, as well as rotating shaft services and solutions for machine health assessment, reliability engineering, and remanufacturing. The Automotive segment provides manufacturers of cars, light and heavy trucks, trailers, buses, and two-wheelers with customized bearings, seals, and related products for wheel-end, driveline, engine, e-powertrain, suspension, and steering applications.

Segmentation Overview:

By type, Ball Slewing Bearings segment accounted for the largest share of market in 2021.

Ball Slewing Bearings

Ball bearings are particularly suitable for applications exerting low to medium loads on the bearings. Usually, polymer spacers are installed between the rolling elements, although bearing designs with steel or brass cages are also available.

Roller Slewing Bearings

Roller bearings are suitable for medium to high loads. They are designed as standard in triple-row configurations with two axial and one radial roller raceway. Depending on the case of use, other designs and variants are however also available.

Application Overview:

The market's largest segment by application is the segment Renewable, with a market share of 32.75% in 2021.

Key Companies in the global Slewing Bearing (Diameter From 200mm to 3000mm) market covered in Chapter 3:

ZWZ Group
Liebherr
Silverthin
Wanda Slewing Bearing
TMB
LYC
Fenghe
ThyssenKrupp
Hengrui
La Leonessa
Antex
C&U Group
IMO Group
SKF
The Timken
Helin
Fangyuan
NSK
Schaeffler

In Chapter 4 and Chapter 14.2, on the basis of types, the Slewing Bearing (Diameter From 200mm to 3000mm) market from 2018 to 2029 is primarily split into:

Ball Slewing Bearings
Roller Slewing Bearings

Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Slewing Bearing (Diameter From 200mm to 3000mm) market from 2018 to 2029 covers:

Construction (without TBM)
Renewable
TBM
Defense
Mining
Medical
Metal
Marine
Oil & Gas
Railway
Material Handling (including cranes)
General Machinery

Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)