Global Slewing Bearings Market To Grow At 8.7% CAGR Over 2018-2022

Date: 2018-02-07

A slewing bearing or slew ring is a rotational rolling-element bearing or plain 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.

The increasing investment of infrastructure which requires equipment such as forklifts and cranes are contributing in the increased demand of the slewing bearings, moreover, with technological development, the expansion of the end user industries such as healthcare, wind energy are increasing demands the slewing bearings, according to research, the global Slewing Bearings markets are expected to register at a CAGR of 8.7% over 2018-2022.

Base on types, slewing bearing can be divided by Ungeared, External Gear and Internal Gear, the report shows the global Internal Gear Slewing Bearings are projected to grow at 9.4% CAGR over 2018-2022.

Geographically, Asia Pacific is expected to grow at a highest CAGR of 10.3% during the forecast period, owing to the largest factory based and the meaning time the increasing industrializations in this region has led to high demand for slewing bearing. North America is holding the position of world largest market in terms of consumption.

Global top manufacturers operating in Slewing Bearings market are Timken Company, NSK Ltd., SKF, NTN Corporation, Kinematics Manufacturing Inc., IMO Group, ThyssenKrupp AG, Forgital Group S.p.A, Schaeffler Group, Igus, Kaydon Bearings, Antex Corporation and Kavitsu Slew Ring Bearings among others.

Global Slewing Bearings market share by geography as following:

Read Full Report: http://www.gosreports.com/global-slewing-bearings-market-report-and-forecast-to-2021/

Joanna | Executive – International Business and partner Relations
E-mail: info@gosreports.com | Tel: 510-400-8520
Web: www.gosreports.com
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