Slewing bearings, also known as slew ring bearings, are plain bearings with a rotational or rolling component. The bearings are typically meant to support heavy but slowly oscillating or slow-turning loads. Growing focus on renewable energy and increasing infrastructural development are the key factors contributing to the global slewing bearings market growth. Further, a wide range of applications of slewing bearings in wind turbines, construction and mining equipment, medical equipment, industrial machinery, cranes, robots, etc., is also fuelling the market growth. Further, low-noise and cost-effective operations, precise positioning, and drive heavy load handling capacity are among the key benefits of slewing bearings that drive their adoption in various applications. Moreover, growing inclination toward factory automation and rapid industrialization in emerging economies are the others that are likely to drive the slewing bearing market growth during the forecast period.
ANTEX CORPORATION, NTN-SNR, SKF GROUP, THE TIMKEN COMPANY, AND THYSSENKRUPP GROUP – PROMINENT MARKET PARTICIPANTS IN SLEWING BEARING MARKET
Antex Corporation, NTN-SNR, SKF Group, The Timken Company, and ThyssenKrupp Group are some of the key market players operating in the global slewing bearing market. The listing of key players is derived by considering multiple factors such as overall revenue, current slewing bearing product portfolio, geographical reach, new product launches, market initiatives, investment in technology upgradation, partnerships, and other market related activities. In addition to these players, there are several other important players operating in the slewing bearing ecosystems which were studies analyzed during this market research study, such as, Emerson Bearing Company, IMO Group, Italcuscinetti S.p.A. a Socio Unico, LAULAGUN BEARINGS, S.L., and Liebherr Group.
Most of the market initiatives were observed in MEA and APAC region, which have a high potential of market-related products, solutions, and services. Few of the important market initiatives from the industry are mentioned below:
| Year | News | Country |
| 2020 | Schaeffler, a major automotive and industrial supplier, is expanding its operations in China’s wind power industry by launching a new 22,000-square-meter production hall in Nanjing, Jiangsu Province, eastern China. | APAC |
| 2019 | NTN Corporation has opened a new sales office in Dubai, United Arab Emirates (UAE), with the goal of increasing sales in the Middle East and Africa, where future market growth is anticipated. NTN will construct and strengthen its sales and technical service systems, as well as boost sales throughout the Middle East and Africa, by forming the new company. | MEA |
