Middle East & Africa Slewing Bearing Market Growth and Analysis by 2028

The slewing bearing market in Middle East and Africa is expected to grow from US$ 252.75 million in 2021 to US$ 369.84 million by 2028; it is estimated to grow at a CAGR of 5.6% from 2021 to 2028.

The UAE, South AfricaandSaudi Arabia are major economies in MEA. Flourishing mining industry is the major factor driving the growth of the MEA slewing bearing market. Minerals are the backbone of human civilization as their use has accelerated the development of human society. They are widely used across the industries such as manufacturing, power generation, chemicals and petrochemicals, healthcare and pharmaceuticals, and construction. Currently, copper, coal, iron ore, gold, and aluminum are among the most mined minerals. The aggregate revenue of Top 40 mining companies has grown steadily from 2016 to 2019. In 2020, they witnessed a fall in revenue due to the COVID-19 pandemic. Heavy mining machinery such as excavator, shovels, reclaimers, and stackers are widely used for extraction of mineral at mining sites plays a crucial role, and slewing bearings are among the major component used in this machinery. With growing rate of industrialization and urbanization, the demand for minerals is projected to surge further during the forecast period, thereby propelling the mining activities. Thus, the growth of mining industry is subsequently contributing to the growth of the slewing bearing market.

The Middle East and Africa slewing bearings market is majorly impacted due to the COVID-19 pandemic as country borders were closed and the supply chain of several industrial equipment and components was disturbed. This has led to the decline in revenue among the slewing bearings manufacturers and distributors offering their products to manufacturing, oil & gas, and aerospace & defense industries. However, with the ease in restrictions, the manufacturing of slewing bearing gained traction and witnessed a steady adoption rate in the Q1 of 2021

Middle East and Africa Slewing Bearing Market Segmentation 

Middle East and Africa Slewing Bearing Market – By Rolling Element

• Ball
• Roller

Middle East and Africa Slewing Bearing Market – By Gear Type

• Internal Gear
• Ungeared
• External Gear

Middle East and Africa Slewing Bearing Market – By Application

• Wind and Solar Energy
• Aerospace and Defense
• Medical
• Industrial Machinery
• Oil and Gas
• Mining
• Others

MEA Slewing Bearing Market, by Country

• South Africa
• Saudi Arabia
• UAE
• Rest of MEA

MEA Slewing Bearing Market-Companies Mentioned

• Emerson Bearing Company
• IMO Group
• Italcuscinetti S.p.A. a Socio Unico
• Liebherr
• Schaeffler Technologies AG & Co. KG
• SKF
• THE TIMKEN COMPANY
• Thyssenkrupp Rothe Erde Germany GmbH

Middle East & Africa Slewing Bearing Report Scope