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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 2021-2026 at a CAGR of 4.5% to reach USD 2.7 billion by 2026.
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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.
The slewing drive refers to a gearbox that transmits a torque required for rotation while keeping the axial and radial loads held safely.
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Based on its axis types, the slewing drives market can be segmented into:
By gear, the industry can be bifurcated into:
The slewing drives market can be broadly categorised on the basis of its applications segments into:
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.
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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.
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:
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.
|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, EMR’s Key Indicators for Price and Demand|
|Competitive Landscape||Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications|
|Companies Covered||Cone Drive Operations, Inc., Dana SAC USA, Young Powertech Inc., IMO Group, Cleveland Gear Company, Kavitsu Bearings, TGB Group Technologies, SL, 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.
1.1 Objectives of the Study
1.1.1 Research Objective
1.1.2 Key Findings of the Report
2 Research Methodology
2.1 Data Extraction
2.2 Data Corroboration
2.3 Market Structure
2.5 Market Models
3.1 Market Outlook
3.2 Market Scope and Segmentation
3.3 Additional Insights
4 Executive Summary
4.1 Key Market Developments
4.2 Market Analysis
4.3 Key Players
4.4 Cost Structure
4.5 Market Revenue and Growth
5 Market Dynamics
5.1 Market Driver Analysis
5.2 Market Restraint Analysis
5.3 Industry Challenges
5.4 Industry Opportunities
6 Global Slewing Drives Market Analysis
6.1 Global Slewing Drives Historical Market (2016-2020) & Forecast (2021-2026)
6.2 Global Slewing Drives Market Breakup by Axis Type
6.2.1 Single Axis
6.2.2 Dual Axis
6.2.3 Multiple Axis
6.3 Global Slewing Drives Market Breakup by Axis Type: Historical Market (2016-2020) & Forecast (2021-2026)
6.3.1 Single Axis
6.3.2 Dual Axis
6.3.3 Multiple Axis
6.4 Global Slewing Drives Market Breakup by Gear
6.4.1 Worm Gear
6.4.2 Spur Gear
6.5 Global Slewing Drives Market Breakup by Gear: Historical Market (2016-2020) & Forecast (2021-2026)
6.5.1 Worm Gear
6.5.2 Spur Gear
6.6 Global Slewing Drives Market Breakup by Application
6.6.1 Solar Tracker
6.6.2 Man Lifts
6.6.3 Wind Turbines
6.6.4 Hydraulic Machinery
6.6.6 Drilling Equipment
6.7 Global Slewing Drives Market Breakup by Application: Historical Market (2016-2020) & Forecast (2021-2026)
6.7.1 Solar Tracker
6.7.2 Man Lifts
6.7.3 Wind Turbines
6.7.4 Hydraulic Machinery
6.7.6 Drilling Equipment
6.8 Global Slewing Drives Market Breakup by Distribution Channel
6.9 Global Slewing Drives Market Breakup by Distribution Channel: Historical Market (2016-2020) & Forecast (2021-2026)
6.10 Global Slewing Drives Market Breakup by Region
6.10.1 North America
220.127.116.11 United States of America
18.104.22.168 United Kingdom
6.10.3 Asia Pacific
6.10.4 Latin America
6.10.5 Middle East & Africa
22.214.171.124 Saudi Arabia
126.96.36.199 United Arab Emirates
188.8.131.52 South Africa
6.11 Global Slewing Drives Market Breakup by Region: Historical Market (2016-2020) & Forecast (2021-2026)
6.11.1 North America
184.108.40.206 United States of America
220.127.116.11 United Kingdom
6.11.3 Asia Pacific
6.11.4 Latin America
6.11.5 Middle East & Africa
18.104.22.168 Saudi Arabia
22.214.171.124 United Arab Emirates
126.96.36.199 South Africa
7 SWOT Analysis
8 Porter’s Five Forces Analysis
8.2 Buyer’s Power
8.3 Supplier’s Power
8.4 New Entrants
8.5 Degree of Rivalry
9 EMR’s Key Indicators for Demand
10 EMR’s Key Indicators for Price
11 Competitive Landscape & Supplier Analysis
11.1 Cone Drive Operations, Inc.
11.1.1 Company Overview
11.1.2 Financial Analysis
11.2 Dana SAC USA
11.2.1 Company Overview
11.2.2 Financial Analysis
11.3 Young Powertech Inc.
11.3.1 Company Overview
11.3.2 Financial Analysis
11.4 IMO Group
11.4.1 Company Overview
11.4.2 Financial Analysis
11.5 Cleveland Gear Company
11.5.1 Company Overview
11.5.2 Financial Analysis
11.6 Kavitsu Bearings
11.6.1 Company Overview
11.6.2 Financial Analysis
11.7 TGB Group Technologies, SL
11.7.1 Company Overview
11.7.2 Financial Analysis
12 Industry Events and Developments
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