Slewing Bearing Market Report 2025 (Global Edition)

Global Slewing Bearing Market Report 2025 Market Size Split by Rolling element (Ball, Roller), by Gear Type (Internal Gear, Ungeared, External Gear), by Product (External Gear Type Slewing Bearings, I...

Slewing Bearing Market Report Description

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Slewing Bearing Market Insights Video

Competitive Landscape of the Slewing Bearing Market

The competitive context of the slewing-bearing industry offers information broken down by competition. In-depth information is provided about the business's background, finances, earnings, prospective markets, R&D spending, emerging market efforts, international manufacturing locations and infrastructure, manufacturing capabilities, company advantages and disadvantages, introduction of products, goods length and dimension, and sector superiority. The earlier statistics only pertain to the companies' concentration on the slewing-bearing industry.

In September 2024, Schaeffler India revealed the opening of its ground-breaking Planetary Gear System (PGS) at their Hosur Motors Plant. Distributed hybrid Technology (DHT) automobiles in India are the target market for this technology. In keeping with the nation's government of India's "Build it in India" campaign and the rising demand for electric vehicles, this ground-breaking product represents a major advancement in the Indian automotive industry. (Source: https://www.schaeffler.co.in/en/news-media/press_releases/press_releases_detail.jsp?id=88029888) In August 2024, The Timken Company, an international innovator in industry motion and engineered bearings, decided to purchase CGI Inc., an accurate motor and transmission producer based in Nevada that specializes in healthcare robotics and serves a variety of automation applications. The agreement is anticipated to conclude in the second half and is contingent upon standard transaction circumstances, such as regulatory authorization. (Source: https://news.timken.com/2024-08-05-Timken-to-Expand-Motion-Control-Platform,-Capabilities-with-Acquisition-of-CGI-Inc) In October 2024, NSK Ltd started working with CHITOSE Group, a consortium of top biotechnology firms in the global ecological economy, to develop business ventures centered on recovering bioenergy. After achieving some success this season, including the acquisition of a fertilizer manufacturing facility they jointly established, both organizations have decided to fortify their partnership to expand their business going forward and co-create new ventures. (Source: https://www.nsk.com/company/news/2024/strengthening-collaboration-with-chitose-group-toward-co-creation-of-new-business-in-the-bioeconomy/)

Top Companies Market Share in Slewing Bearing Industry: (In no particular order of Rank)

• Thyssenkrupp rothe erde Germany GmbH
• SKF
• Schaeffler India Limited
• THE TIMKEN COMPANY
• Antex corp
• NSK Ltd.
• LA LEONESSA S.p.A
• Fenghe Slewing Bearing
• Zhejiang Tianma Bearing Group Co.
• Ltd.
• WaFangDian Rolling Bearing Manufacturing CO.
• LTD.
• Xuzhou Helin Slewing Bearing Co.
• Ltd.
• ABC Bearings
• NTN-SNR
• Kaydon Bearing
• Defontaine Group
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the Slewing Bearing Market

Which Region Dominates the Slewing Bearing Market in 2024?

According to Cognitive Market Research, North America currently dominates the slewing-bearing market, and the region is expected to have significant growth during the projected period. This is due to a rise in expenditures from significant geographic region stakeholders. Additionally, it is anticipated that a significant increase in building activities in the United States will fuel the expansion of the market being explored.

Which Region is Expanding at the Fastest CAGR?

Asia-Pacific is expected to make significant gains during the projected period, with the greatest compound annual growth rate (CAGR) because investors are increasingly investing in slewing bearings. Furthermore, it is projected that the growing number of initiatives, including wind power and other initiatives involving renewable energy, as well as building initiatives in Asian nations, will increase the demand for slewing bearings.

The current report Scope analyzes Slewing Bearing Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Switzerland, Luxembourg, Rest of Europe)
• Asia Pacific (China, Japan, South Korea, India, Australia, Singapore, Taiwan, South East Asia, Rest of APAC)
• Latin America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East (Saudi Arabia, Turkey, UAE, Egypt, Qatar, Rest of Middle East)
• Africa (Nigeria, South Africa, Rest of Africa)

The above graph is for illustrative purposes only.

North America Slewing Bearing Market Analysis

According to Cognitive Market Research, the global slewing bearing market size was estimated at USD 4425.2 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 1770.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.4% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the slewing bearing market with a market size of USD 1396.59 million in 2024 and is projected to grow at a CAGR of 4.2% during the forecast period. The U.S. market's Stringent governmental regulations.
• The Canada slewing bearing market had a market share of USD 212.41 million in 2024 and is projected to grow at a CAGR of 5.2% during the forecast period. Canada’s rising awareness about healthcare.
• The Mexico slewing bearing market is projected to witness growth at a CAGR of 4.9% during the forecast period, with a market size of USD 161.08 million in 2024.

Europe Slewing Bearing Market Analysis

According to Cognitive Market Research, the global slewing bearing market size was estimated at USD 4425.2 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 1327.56 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.7% from 2024 to 2031.

• The United Kingdom slewing bearing market had a market share of USD 223.03 million in 2024 and is projected to grow at a CAGR of 5.5% during the forecast period. In the UK, slewing bearing sales witness an upswing due to the nation's rising demand for innovative technology.
• The France slewing bearing market is projected to witness growth at a CAGR of 3.9% during the forecast period, with a market size of USD 122.14 million in 2024.
• According to Cognitive Market Research, the German slewing bearing market size was valued at USD 262.86 million in 2024 and is projected to grow at a CAGR of 4.9% during the forecast period. In Germany, slewing bearing surged due to the presence of major market players.
• The Italy slewing bearing market is projected to witness growth at a CAGR of 4.1% during the forecast period, with a market size of USD 114.17 million in 2024.
• The Russia slewing bearing market is projected to witness growth at a CAGR of 3.7% during the forecast period, with a market size of USD 205.77 million in 2024.
• The Spain slewing bearing market is projected to witness growth at a CAGR of 3.8% during the forecast period with a market size of USD 108.86 million in 2024
• The Luxembourg slewing bearing market is projected to witness growth at a CAGR of 4.8% during the forecast period, with a market size of USD 41.15 million in 2024.
• The Portugal slewing bearing market is projected to witness growth at a CAGR of 4.5% during the forecast period, with a market size of USD 27.88 million in 2024.
• The Greece slewing bearing market is projected to witness growth at a CAGR of 5.0% during the forecast period, with a market size of USD 15.93 million in 2024.
• The Rest of Europe's slewing bearing market is projected to witness growth at a CAGR of 3.4% during the forecast period, with a market size of USD 205.77 million in 2024.

Asia Pacific Slewing Bearing Market Analysis

According to Cognitive Market Research, the global slewing bearing market size was estimated at USD 4425.2 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 1017.80 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.2% from 2024 to 2031.

• According to Cognitive Market Research, the China slewing bearing market size was valued at USD 458.01 million in 2024 and is projected to grow at a CAGR of 7.7% during the forecast period. Slewing bearing surged in China due to heightened attention from producers and other key participants in the industry.
• The Japan slewing bearing market is projected to witness growth at a CAGR of 6.7% during the forecast period, with a market size of USD 140.46 million in 2024.
• The India slewing bearing market had a market share of USD 122.14 million in 2024 and is projected to grow at a CAGR of 10.0% during the forecast period. India's increase in urbanizations.
• The South Korean slewing bearing market is projected to witness growth at a CAGR of 7.3% during the forecast period, with a market size of USD 101.78 million in 2024.
• The Australian slewing bearing market is projected to witness growth at a CAGR of 7.9% during the forecast period, with a market size of USD 52.93 million in 2024.
• The South East Asia slewing bearing market is projected to witness growth at a CAGR of 9.2% during the forecast period, with a market size of USD 70.23 million in 2024.
• The Rest of Asia Pacific slewing bearing market is projected to witness growth at a CAGR of 8.0% during the forecast period, with a market size of USD 72.26 million in 2024.

South America Slewing Bearing Market Analysis

According to Cognitive Market Research, the global slewing bearing market size was estimated at USD 4425.2 Million, out of which the Latin America held the market share of around 5% of the global revenue with a market size of USD 221.26 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.6% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil slewing bearing market size was valued at USD 94.70 million in 2024 and is projected to grow at a CAGR of 6.2% during the forecast period. Slewing bearing flourished in Brazil due to increasing financial sources.
• Argentina's slewing bearing market had a market share of USD 37.17 million in 2024 and is projected to grow at a CAGR of 6.5% during the forecast period. Argentina's rising personal disposable income .
• Colombia slewing bearing market is projected to witness growth at a CAGR of 5.4% during the forecast period, with a market size of USD 19.69 million in 2024.
• Peru slewing bearing market is projected to witness growth at a CAGR of 5.8% during the forecast period, with a market size of USD 18.14 million in 2024.
• Chile slewing bearing market is projected to witness growth at a CAGR of 5.9% during the forecast period, with a market size of USD 15.93 million in 2024.
• The Rest of Latin America's slewing bearing market is projected to witness growth at a CAGR of 4.7% during the forecast period, with a market size of USD 35.62 million in 2024.

Middle East Slewing Bearing Market Analysis

According to Cognitive Market Research, the global slewing bearing market size was estimated at USD 4425.2 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 88.50 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.9% from 2024 to 2031..

• The GCC Countries slewing bearing market is projected to witness growth at a CAGR of 6.7% during the forecast period, with a market size of USD 37.88 million in 2024. Slewing bearing sales flourish due to the presence of major market players.
• The Egypt slewing bearing market is projected to witness growth at a CAGR of 6.2% during the forecast period, with a market size of USD 9.29 million in 2024.
• The South Africa slewing bearing market is projected to witness growth at a CAGR of 6.9% during the forecast period, with a market size of USD 13.98 million in 2024. Slewing bearing sales flourished in South Africa due to increasing demand and regulatory support.
• The Turkey slewing bearing market is projected to witness growth at a CAGR of 5.4% during the forecast period, with a market size of USD 7.61 million in 2024.
• The Nigeria slewing bearing market is projected to witness growth at a CAGR of 5.0% during the forecast period, with a market size of USD 9.29 million in 2024.
• The Rest of the MEA slewing bearing market is projected to witness growth at a CAGR of 4.9% during the forecast period, with a market size of USD 10.44 million in 2024.

Slewing Bearing Market Analysis

Slewing Bearing Market Rolling Element Segment Analysis

According to Cognitive Market Research, the ball is likely to dominate the slewing-bearing market over the forecast period. Because of several qualities, such as affordability and adaptability. The widespread use of ball bearings with deep grooves is also a result of their rapid acceleration and superior radial and axial load-carrying capabilities. Moreover, the demand for ball bearings is anticipated to increase as a consequence of the introduction of detector bearings, integral bearings, and application-dependent bearings.

The roller is the fastest-growing segment in the slewing bearing market. Their cylindrical connection allows them to handle bigger loads. Roller bearings reduce expenses for upkeep and lower the lubricant requirement. It is simple to swap the roller bearings, and changing the rotational orientation doesn't require any technological adjustments.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Slewing Bearing Industry. Request a Free Sample PDF!

Slewing Bearing Market Gear Type Segment Analysis

According to Cognitive Market Research, the external gear segment holds the largest share of the market. External gear enables a rapid and easy integration of neighboring machine parts. The removing and sifting grabbing, cranes, packing, transportation, and crop cultivation industries all make extensive use of externally powered slewing rings.

In the slewing bearing market, internal gear usage has been growing quickly. Excellent flexibility, lightweight design, steady rotation, simple upkeep, and a large load-bearing capacity are all benefits of the internal gear slewing ring. It is an essential part of vehicular transmissions and has been utilized extensively in many different sectors.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Slewing Bearing Product Segment Analysis

Slewing Bearing Market Product Segment Analysis

According to Cognitive Market Research, the external gear type slewing bearings segment holds the largest market share. Because of the growing need across a range of sectors for outstanding durability and robust bearings. In sectors where substantial weights and fast activities are necessary, like mining, logistics, and development, external gear slewing bearings are extensively utilized. An appealing choice for applications requiring extensive use, these bearings are renowned for their longevity, minimal upkeep, and excellent load-carrying capability.

In the slewing bearing market, the rapidly growing sector is internal gear-type slewing bearings. Because this is employed in situations when storage is at a premium or lightweight, construction is a necessity. Internal gears are more efficient and exhibit a reduced sliding speed.

• External Gear Type Slewing Bearings
• Internal Gear Type Slewing Bearings
• Non-gear Type Slewing Bearings

Slewing Bearing Applications Segment Analysis

Slewing Bearing Market Application Segment Analysis

According to Cognitive Market Research, the industrial equipment segment holds the largest share of the market. Because there is a growing need for reliable and effective power plants as well as alternative energy sources. Wind turbines require slewing bearings to turn the propellers and follow the wind's path, which is essential for producing electricity. The interest in slewing bearings is driven by the growing need for safer and more effective wind turbines, which is a result of a growing need for industrial equipment.

In the slewing bearing market, construction and transit equipment usage has been growing quickly. Because of the growing need for finished goods in the construction and mining sectors. In addition, building construction has expanded dramatically in nations that are developing as a result of rising investments in infrastructure and urbanization.

• Renewable Equipment
• Medical Equipment
• Construction and Transit Equipment
• Industrial Equipment

Slewing Bearing Design Segment Analysis

Slewing Bearing Market Design Segment Analysis

According to Cognitive Market Research, the cross roller slewing ring-bearing segment holds the largest market share. With its excellent rotational reliability, the Cross Roller Ring is a roller bearing that can support loads in all directions. They are able to support loads in all directions because of their transverse arrangement. The Cross Roller Ring contributes to the expansion of the section by providing a steady rotating torque without causing roller movement or sticking.

In the slewing bearing market, the rapidly growing sector is the single-row four-point contact ball slewing ring bearing. They have several benefits and are especially adaptable for situations with light-to-medium directional, radial, and situation stresses. The kind of slewing bearing that is utilized most frequently is a single-row, four-point contact ball slewing bearing.

• 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

Author's Detail

Aarti Bagekari

Research Associate at Cognitive Market Research

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I am Aarti Bagekari, worked as a research associate with strong passion for transforming complex information into strategic insights. My strong analytical skills, coupled with a deep understanding of market dynamics and consumer behavior, empower me to identify hidden opportunities and proactively mitigate risks for clients. As a part of team, I possess a skills in data analysis, segmentation, competitive landscape.

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