Slewing Bearing Market Research, 2033
The global slewing bearing market size was valued at $4.3 billion in 2023, and is projected to reach $7.2 billion by 2033, growing at a CAGR of 5.3% from 2024 to 2033.
Market Introduction and Definition
A slewing bearing, also known as a slewing ring or turntable bearing, is a specialized bearing designed to handle large axial, radial, and moment loads simultaneously, often required in applications where heavy, rotating components must be supported and allowed to move smoothly. As compared to standard bearings, slewing bearings are typically large in diameter and robustly constructed to support the rotation or oscillation of heavy machinery parts. They consist of an inner ring, an outer ring, rolling elements such as balls or rollers, and spacers, and are commonly used in equipment such as cranes, excavators, wind turbines, and rotating platforms, where both stability and rotational capability under significant load are essential.
Key Takeaways
- The slewing bearing market report covers 20 countries. The research includes a segment analysis of each country in terms of value ($billion) for the projected period 2023-2033.
- More than 1,500 product literatures, industry releases, annual reports, and other such documents of major slewing bearing industry participants along with authentic industry journals, trade associations' releases, and government websites have been reviewed for generating high-value industry insights.
- The study integrated high-quality data, professional opinions and analysis, and critical independent perspectives. The research approach is intended to provide a balanced view of global markets and to assist stakeholders in making educated decisions to achieve their most ambitious growth objectives.
Key Market Segments
- By Type
- Tapered Roller Bearing
- Ball Bearings
- Combined Roller and Ball Bearings
- By Gear Type
- Internal Gear
- Ungeared
- External Gear
- By Application
- Heavy-Duty Machinery
- Wind Turbines
- Mining Equipment
- Robotics Equipment
- Medical Diagnostic Equipment
- Others
- By Region
- North America
- Europe
- France
- Germany
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Brazil
- South Africa
- Saudi Arabia
- Rest of LAMEA
Key Market Players
- Jiangsu Liangang Slewing Bearing Co., Ltd.
- NTN Corporation
- Harmonic Drive LLC
- NSK Ltd
- igus GmbH
- Schaeffler India Limited
- SKF (India) Ltd
- The Timken Company
- Rotek Inc
- ABC Bearings
- Kaydon Corporation