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Global Slewing Drives Market: By Axis Type: Single Axis, Dual Axis, Multiple Axis; By Gear: Worm Gear, Spur Gear; By Application: Solar Tracker, Man Lifts, Wind Turbines, Others; By Distribution Channel; Regional Analysis; Historical Market and Forecast (2017-2027); Market Dynamics; Competitive Landscape; Industry Events and Developments

Global Slewing Drives Market Outlook

The global slewing drives market attained a value of USD 2 billion in 2020. The slewing drives market is further expected to grow in the forecast period of 2022-2027 at a CAGR of 4.5% to reach USD 2.7 billion by 2026.

 

Global Slewing Drives Market

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The slewing drives market is expected to be driven by the rising construction sector and a growing adoption of solar-powered energy alternatives. The Asia Pacific is a key market in the industry due to the rising construction industry and growing industrialisation within the region. The single axis slewing drives dominated the regional market in 2020.

 

Properties and Applications

The slewing drive refers to a gearbox that transmits a torque required for rotation while keeping the axial and radial loads held safely.

 

Global Slewing Drives Market By Application

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Based on its axis types, the slewing drives market can be segmented into:

  • Single Axis
  • Dual Axis
  • Multiple Axis

By gear, the industry can be bifurcated into:

  • Worm Gear
  • Spur Gear

The slewing drives market can be broadly categorised on the basis of its applications segments into:

  • Solar Tracker
  • Man Lifts
  • Wind Turbines
  • Hydraulic Machinery
  • Cranes
  • Drilling Equipment
  • Others

The major distribution channels of the industry can be broadly bifurcated into online and offline channels.

The EMR report looks into the regional slewing drives markets like the Asia Pacific, Europe, North America, Latin America, and the Middle East and Africa.

 

Global Slewing Drives Market By Region

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Market Analysis

With the growing infrastructural development taking place across the world, the machinery involved in the construction sector has entered a new maintenance cycle, which is expected to drive the growth of the slewing drives market due to a growing demand for load transmission components in construction machineries. The rising number of facilities in the manufacturing sector, especially in the automation and energy segment, is expected to further drive the growth of the market due to a growing demand for high precision customisation that can be delivered by high-quality slewing drives. Major players in the industry are focussing on creating low-maintenance slewing drives to decrease the labour costs in the application and end-use sectors. The rising R&D activities for new slewing drives materials are expected to propel the market growth in the coming years further. With a growing shift towards sustainable and renewable energy, the market is expected to be driven by the rising application of the product in solar tracking systems.

 

Competitive Landscape

The report presents a detailed analysis of the following key players in the global slewing drives market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

  • Dana SAC UK Ltd.
  • Cone Drive Operations Inc.
  • Kavitsu Bearings
  • TGB Group
  • EngNetGlobal
  • IMO Holding GmbH
  • Cleveland Gear Company, Inc.
  • Others

The EMR report gives an in-depth insight into the slewing drives market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

 

REPORT FEATURES DETAILS
Base Year 2020
Historical Period 2017-2021
Forecast Period 2022-2027
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Axis Type, Gear, Application, Distribution Channel, Region
Breakup by Axis Type Single Axis, Dual Axis, Multiple Axis
Breakup by Gear Worm Gear, Spur Gear
Breakup by Application Solar Tracker, Man Lifts, Wind Turbines, Hydraulic Machinery, Cranes, Drilling Equipment, Others
Breakup by Distribution Channel Online, Offline
Breakup by Region North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Market Dynamics SWOT, Porter's Five Forces, Key Indicators for Price and Demand
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered Dana SAC UK Ltd., Cone Drive Operations Inc., Kavitsu Bearings, TGB Group, EngNetGlobal, IMO Holding GmbH, Cleveland Gear Company, Inc., Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Slewing Drives Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Slewing Drives Historical Market (2017-2021) 
    8.3    Global Slewing Drives Market Forecast (2022-2027)
    8.4    Global Slewing Drives Market by Axis Type
        8.4.1    Single Axis
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2017-2021)
            8.4.1.3    Forecast Trend (2022-2027)
        8.4.2    Dual Axis
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2017-2021)
            8.4.2.3    Forecast Trend (2022-2027)
        8.4.3    Multiple Axis
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2017-2021)
            8.4.3.3    Forecast Trend (2022-2027)
    8.5    Global Slewing Drives Market by Gear
        8.5.1    Worm Gear
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2017-2021)
            8.5.1.3    Forecast Trend (2022-2027)
        8.5.2    Spur Gear
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2017-2021)
            8.5.2.3    Forecast Trend (2022-2027)
    8.6    Global Slewing Drives Market by Application
        8.6.1    Solar Tracker
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2017-2021)
            8.6.1.3    Forecast Trend (2022-2027)
        8.6.2    Man Lifts
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2017-2021)
            8.6.2.3    Forecast Trend (2022-2027)
        8.6.3    Wind Turbines
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2017-2021)
            8.6.3.3    Forecast Trend (2022-2027)
        8.6.4    Hydraulic Machinery
            8.6.4.1    Market Share
            8.6.4.2    Historical Trend (2017-2021)
            8.6.4.3    Forecast Trend (2022-2027)
        8.6.5    Cranes
            8.6.5.1    Market Share
            8.6.5.2    Historical Trend (2017-2021)
            8.6.5.3    Forecast Trend (2022-2027)
        8.6.6    Drilling Equipment
            8.6.6.1    Market Share
            8.6.6.2    Historical Trend (2017-2021)
            8.6.6.3    Forecast Trend (2022-2027)
        8.6.7    Others
    8.7    Global Slewing Drives Market by Distribution Channel
        8.7.1    Online
            8.7.1.1    Market Share
            8.7.1.2    Historical Trend (2017-2021)
            8.7.1.3    Forecast Trend (2022-2027)
        8.7.2    Offline
            8.7.2.1    Market Share
            8.7.2.2    Historical Trend (2017-2021)
            8.7.2.3    Forecast Trend (2022-2027)
    8.8    Global Slewing Drives Market by Region
        8.8.1    Market Share
            8.8.1.1    North America
            8.8.1.2    Europe
            8.8.1.3    Asia Pacific
            8.8.1.4    Latin America
            8.8.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2017-2021)
        9.1.2    Forecast Trend (2022-2027)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2017-2021)
        9.2.2    Forecast Trend (2022-2027)
        9.2.3    Breakup by Country
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2017-2021)
        9.3.2    Forecast Trend (2022-2027)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2017-2021)
        9.4.2    Forecast Trend (2022-2027)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2017-2021)
        9.5.2    Forecast Trend (2022-2027)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    Key Indicators for Demand
    10.4    Key Indicators for Price
11    Value Chain Analysis
12    Competitive Landscape

    12.1    Market Structure
    12.2    Company Profiles
        12.2.1    Dana SAC UK Ltd.
            12.2.1.1    Company Overview
            12.2.1.2    Product Portfolio
            12.2.1.3    Demographic Reach and Achievements
            12.2.1.4    Certifications
        12.2.2    Cone Drive Operations Inc.
            12.2.2.1    Company Overview
            12.2.2.2    Product Portfolio
            12.2.2.3    Demographic Reach and Achievements
            12.2.2.4    Certifications
        12.2.3    Kavitsu Bearings
            12.2.3.1    Company Overview
            12.2.3.2    Product Portfolio
            12.2.3.3    Demographic Reach and Achievements
            12.2.3.4    Certifications
        12.2.4    TGB Group
            12.2.4.1    Company Overview
            12.2.4.2    Product Portfolio
            12.2.4.3    Demographic Reach and Achievements
            12.2.4.4    Certifications
        12.2.5    EngNetGlobal 
            12.2.5.1    Company Overview
            12.2.5.2    Product Portfolio
            12.2.5.3    Demographic Reach and Achievements
            12.2.5.4    Certifications
        12.2.6    IMO Holding GmbH
            12.2.6.1    Company Overview
            12.2.6.2    Product Portfolio
            12.2.6.3    Demographic Reach and Achievements
            12.2.6.4    Certifications
        12.2.7    Cleveland Gear Company, Inc.
            12.2.7.1    Company Overview
            12.2.7.2    Product Portfolio
            12.2.7.3    Demographic Reach and Achievements
            12.2.7.4    Certifications
        12.2.8    Others
13    Industry Events and Developments


List of Key Figures and Tables

1.    Global Slewing Drives Market: Key Industry Highlights, 2017 and 2027
2.    Global Slewing Drives Historical Market: Breakup by Axis Type (USD Billion), 2017-2021
3.    Global Slewing Drives Market Forecast: Breakup by Axis Type (USD Billion), 2022-2027
4.    Global Slewing Drives Historical Market: Breakup by Gear (USD Billion), 2017-2021
5.    Global Slewing Drives Market Forecast: Breakup by Gear (USD Billion), 2022-2027
6.    Global Slewing Drives Historical Market: Breakup by Application (USD Billion), 2017-2021
7.    Global Slewing Drives Market Forecast: Breakup by Application (USD Billion), 2022-2027
8.    Global Slewing Drives Historical Market: Breakup by Distribution Channel (USD Billion), 2017-2021
9.    Global Slewing Drives Market Forecast: Breakup by Distribution Channel (USD Billion), 2022-2027
10.    Global Slewing Drives Historical Market: Breakup by Region (USD Billion), 2017-2021
11.    Global Slewing Drives Market Forecast: Breakup by Region (USD Billion), 2022-2027
12.    North America Slewing Drives Historical Market: Breakup by Country (USD Billion), 2017-2021
13.    North America Slewing Drives Market Forecast: Breakup by Country (USD Billion), 2022-2027
14.    Europe Slewing Drives Historical Market: Breakup by Country (USD Billion), 2017-2021
15.    Europe Slewing Drives Market Forecast: Breakup by Country (USD Billion), 2022-2027
16.    Asia Pacific Slewing Drives Historical Market: Breakup by Country (USD Billion), 2017-2021
17.    Asia Pacific Slewing Drives Market Forecast: Breakup by Country (USD Billion), 2022-2027
18.    Latin America Slewing Drives Historical Market: Breakup by Country (USD Billion), 2017-2021
19.    Latin America Slewing Drives Market Forecast: Breakup by Country (USD Billion), 2022-2027
20.    Middle East and Africa Slewing Drives Historical Market: Breakup by Country (USD Billion), 2017-2021
21.    Middle East and Africa Slewing Drives Market Forecast: Breakup by Country (USD Billion), 2022-2027
22.    Global Slewing Drives Market Structure

Key Questions Answered in the Report

The global slewing drives market attained a value of about USD 2 billion in 2020.

The market is projected to grow at a CAGR of 4.5% between 2022 and 2027.

The major drivers of the market include the rising R&D activities for new slewing drives materials, growing shift towards sustainable and renewable energy, growing demand for load transmission components in construction machinery, rising construction sector, and growing industrialisation.

The growing infrastructural development and the rising number of facilities in the manufacturing sector are the key industry trends propelling the market growth.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

The market can be broadly categorised based on axis type into single axis, dual axis, and multiple axis.

The various gear segments in the market are worm gear and spur gear.

The major applications of the product into solar tracker, man lifts, wind turbines, hydraulic machinery, cranes, and drilling equipment, among others.

The various distribution channels in the market are online and offline channels.

The major players in the industry are Dana SAC UK Ltd., Cone Drive Operations Inc., Kavitsu Bearings, TGB Group, EngNetGlobal, IMO Holding GmbH, and Cleveland Gear Company, Inc., among others.

Analyst Review

The global slewing drives market attained a value of about USD 2 billion in 2020, driven by the growing infrastructural development. Aided by the rising construction sector and growing industrialisation, the market is expected to witness further growth in the forecast period of 2022-2027, growing at a CAGR of 4.5%.

EMR's meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. The slewing drives industry can be broadly categorised based on axis type into single axis, dual axis, and multiple axis. By gear, the industry can be bifurcated into worm gear and spur gear. The market is divided on the basis of applications into solar tracker, man lifts, wind turbines, hydraulic machinery, cranes, and drilling equipment, among others. The market can be divided on the basis of distribution channels into online and offline. The major regional markets for slewing drives are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The major players in the industry are Dana SAC UK Ltd., Cone Drive Operations Inc., Kavitsu Bearings, TGB Group, EngNetGlobal, IMO Holding GmbH, and Cleveland Gear Company, Inc., among others.

EMR's research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable and help them remain ahead of their competition.

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