Slewing Bearing

Slewing Bearing

A slewing bearing is a type of mechanical component that allows a rotating shaft to turn smoothly in one direction while limiting movement in the opposite direction. It is commonly used in applications that require rotation, such as cranes, wind turbines, and telescoping masts. The slewing bearing market is driven by the growth of various end-user industries, such as construction, mining, transportation, and oil and gas. These industries require heavy machinery and equipment that need to be moved and positioned in various directions, which requires the use of slewing bearings. For example, in construction, cranes, tower cranes, and excavators require slewing bearings to move and rotate. In the mining industry, mining equipment such as loaders, haul trucks, and drilling machines use slewing bearings to move in different directions.

The Slewing bearing Market is expected to grow at a strong CAGR of 26% during the forecast period owing to the technological advancements in the field of mechanical engineerings, such as the development of advanced materials and advanced lubrication systems, which are also driving the slewing bearing market. For example, the use of ceramic ball bearings in slewing bearings can provide longer service life and improved performance in high-temperature environments. Similarly, the use of advanced lubricants that can provide better lubrication in high-load applications can improve the efficiency and reliability of slewing bearings.For instance, 1 June 2023: Product Category Rules (PCR) for the bearing industry, initiated and driven by SKF, have been approved by The International EPD System. This will enable bearing purchasers to make more informed and sustainable choices, while also promoting greater transparency and accountability in the product supply chain.

• Based on type, the market is segmented into internal tooth, external tooth, and without tooth. Amongst these, the internal tooth segment dominated the market in 2021. This is because Internal tooth bearings have a more complex internal geometry, which allows for smooth and efficient rotation due to the teeth engaging with each other in a way that reduces friction and increases the load-carrying capacity of the bearing.
• By design, the market is segmented into 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, and others. Among these, double-row ball slewing ring bearings have a dominating share in the market. This is because they offer a high load-carrying capacity, high precision, and a high degree of stability. They are widely used in heavy-duty applications such as cranes, tower cranes, and large mining equipment. They also have a longer service life and are more cost-effective compared to other types of slewing bearings.
• On the basis of application, the market is segmented into radar, mining, construction, wind turbines, onshore, offshore, and others. The mining segment is expected to have the dominant share in the slewing bearing market. This is due to the increasing demand for mining equipment and the need for heavy-duty and high-performance bearings in the mining industry. Slewing bearings are used in a variety of mining applications such as drilling machines, conveyor systems, and loading equipment, which require high-performance and high-load-bearing capabilities. Additionally, the increasing demand for metals and minerals, particularly in emerging economies, is also driving the growth of the mining industry, and in turn, the slewing bearing market.
• For a better understanding of the market adoption of the Slewing bearing industry, the market is analyzed based on its worldwide presence in the countries such as North America (U.S., Canada, and the Rest of North America), Europe (Germany, UK, Netherlands, France, Norway, Switzerland, Denmark, Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and Rest of Asia-Pacific), Rest of World. North America dominated the Slewing bearing market in 2020 due to the region having a strong manufacturing sector, which requires heavy-duty equipment such as cranes, mining equipment, and wind turbines that use slewing bearings. North America is home to several key players in the slewing-bearing industry, including Timken, Schaeffler, and NTN. These companies have a strong presence in the region and offer a wide range of slewing-bearing products. The region has a strong focus on technological advancements, which has led to the development of advanced slewing bearing products.
• Some of the major players operating in the market include Timken Company, Schaeffler Group, ThyssenKrupp Group, NTN Corporation, Fortigal Group S.p.a, Rotis, IMO Group, Kinematics Manufacturing Inc., SKF, and NSK Ltd.