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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, Cranes, Others; By Distribution Channel; Regional Analysis; Historical Market and Forecast (2016-2026); 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 2021-2026 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:

  • Cone Drive Operations, Inc. 
  • Dana SAC USA
  • Young Powertech Inc.
  • IMO Group
  • Cleveland Gear Company
  • Kavitsu Bearings   
  • TGB Group Technologies, SL
  • 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.


Base Year 2020
Historical Period 2016-2020
Forecast Period 2021-2026
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.


Key Questions Answered in the Report:

  • How has the global slewing drives market performed in the previous years (2016-2020)?
  • What is the forecast assessment of the industry for 2021-2026?
  • What are the major drivers in the historical (2016-2020) and forecast (2021-2026) periods?
  • What are the major constraints in the historical (2016-2020) and forecast (2021-2026) periods?
  • What are the major price indicators of the global industry?
  • What are the major demand indicators of the global industry?
  • What are the price trends of slewing drives in the global industry?
  • Who are the key manufacturers of slewing drives in the global industry?
  • What is the degree of competition in the global market?
  • What are the major events and developments taking place within the global industry?

*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
    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
    2.4    Assumptions
    2.5    Market Models
3    Introduction
    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
        6.6.5    Cranes
        6.6.6    Drilling Equipment
        6.6.7    Others
    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
        6.7.5    Cranes
        6.7.6    Drilling Equipment
        6.7.7    Others
     6.8    Global Slewing Drives Market Breakup by Distribution Channel
        6.8.1    Online
        6.8.2    Offline
    6.9    Global Slewing Drives Market Breakup by Distribution Channel: Historical Market (2016-2020) & Forecast (2021-2026)
        6.9.1    Online
        6.9.2    Offline 
    6.10    Global Slewing Drives Market Breakup by Region
        6.10.1    North America
      United States of America
        6.10.2    Europe
      United Kingdom
        6.10.3    Asia Pacific
        6.10.4    Latin America
        6.10.5    Middle East & Africa
      Saudi Arabia
      United Arab Emirates
      South Africa
    6.11    Global Slewing Drives Market Breakup by Region: Historical Market (2016-2020) & Forecast (2021-2026)
        6.11.1    North America
      United States of America
        6.11.2    Europe
      United Kingdom
        6.11.3    Asia Pacific
        6.11.4    Latin America
        6.11.5    Middle East & Africa
      Saudi Arabia
      United Arab Emirates
      South Africa
7    SWOT Analysis
    7.1    Overview
    7.2    Strengths
    7.3    Weaknesses
    7.4    Opportunities
    7.5    Threats
8    Porter’s Five Forces Analysis
    8.1    Overview
    8.2    Buyer’s Power
    8.3    Supplier’s Power
    8.4    New Entrants
    8.5    Degree of Rivalry
    8.6    Substitutes
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
    11.8    Others
12    Industry Events and Developments

Analyst Review


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