Single Row Ball Slewing Bearing Market
Single Row Ball Slewing Bearing Market Forecasts to 2030 - Global Analysis By Type (Non-Gear Type, Internal Gear Type, External Gear Type, Cross Roller Type, Corrosion-Resistant Type and Other Types), Application and By Geography
|
Years Covered |
2021-2030 |
|
CAGR (2023 - 2030) |
7.2% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
Asia Pacific |
|
Highest Growing Market |
Asia Pacific |
According to Stratistics MRC, the Global Single Row Ball Slewing Bearing Market is growing at a CAGR of 7.2% during the forecast period. A single-row ball slewing bearing is a crucial component in various mechanical systems, providing rotational support and stability. This type of bearing consists of a single row of balls sandwiched between inner and outer rings, facilitating smooth and controlled rotation. Engineered for applications demanding axial and radial load support, these bearings find extensive use in industries such as construction, mining, and manufacturing.
According to the federal transport authority KBA, a total of 2.65 million vehicles were registered in Europe's largest economy in 2022, indicating a 1.1% increase from the previous year.
Market Dynamics:
Driver:
Increasing investments in global infrastructure projects
As governments and private entities worldwide embark on expansive infrastructure development initiatives, there is a growing demand for heavy machinery and equipment, where single-row ball slewing bearings play a crucial role. These bearings are integral components in construction machinery, cranes, and other infrastructure-related equipment, providing essential support for rotational movements. Moreover, the surge in infrastructure investments, encompassing projects such as bridges, roads, and commercial buildings, directly correlates with the rising need for reliable and high-performance slewing bearings.
Restraint:
High manufacturing costs
The production of these bearings requires precision engineering, advanced materials, and stringent quality control processes, contributing to elevated manufacturing expenses. The use of high-strength alloys and specialized coatings to enhance performance further adds to the production costs. However, industries that are particularly cost-sensitive may find it challenging to justify the expenditure on these bearings, especially when alternative solutions with lower manufacturing costs are available.
Opportunity:
Technological advancements in manufacturing processes
Continuous innovation in precision engineering and materials science has led to the development of slewing bearings with enhanced performance characteristics. Advanced manufacturing technologies enable the production of bearings with tighter tolerances, superior durability, and improved resistance to wear and fatigue. The incorporation of cutting-edge materials, such as high-strength alloys and advanced coatings, contributes to increased load-carrying capacity and prolonged operational life of single-row ball slewing bearings. Additionally, precision machining techniques and automation in manufacturing processes ensure consistent quality and reliability in the production of these critical components.
Threat:
Lack of standardization
With diverse manufacturers producing these bearings without standardized design and specifications, interchangeability becomes a challenge. This lack of uniformity complicates the sourcing process for customers, as each manufacturer may have unique dimensions and configurations, limiting options and potentially increasing procurement complexities. However, the absence of industry-wide standards also hinders the development of a universal set of guidelines for installation, maintenance, and performance, which can lead to operational uncertainties for end-users.
Covid-19 Impact:
The pandemic-induced economic slowdown led to project delays in construction and infrastructure sectors, directly affecting the demand for slewing bearings. As major end-user industries scaled back investments and faced logistical challenges, the market experienced a temporary decline. Travel restrictions and social distancing measures hindered on-site installation and maintenance activities, further impacting the market dynamics. However, as economies adapted to new norms and industries recovered, particularly in construction and manufacturing, the demand for single-row ball slewing bearings rebounded.
The external gear type segment is expected to be the largest during the forecast period
External Gear Type segment commanded the largest share due to its versatile applications and superior performance characteristics. External gear slewing bearings feature a gear mechanism on the outer ring, enabling efficient power transmission and precise movement control. This design enhances their suitability for a wide range of applications, such as wind turbines, construction machinery, and material handling equipment. Moreover, in the renewable energy sector, the surge in wind turbine installations, particularly in response to the global push for clean energy, has significantly boosted the demand for external gear slewing bearings.
The industrial machinery segment is expected to have the highest CAGR during the forecast period
Industrial Machinery segment is witnessing profitable growth due to its integral role in enhancing the performance and reliability of various industrial applications. Single Row Ball Slewing Bearings find extensive use in industrial machinery, including manufacturing equipment, material handling systems, and robotic arms. Moreover, as industries increasingly embrace automation and advanced manufacturing processes, the demand for precise rotational support provided by these bearings has surged.
Region with largest share:
Asia Pacific region dominated the largest share over the prediction period due to robust industrialization, infrastructure development, and expanding manufacturing activities. Countries like China and India are at the forefront of this growth, with substantial investments in construction, renewable energy, and heavy machinery sectors. The continuous rise in urbanization and the development of smart cities are increasing the demand for construction equipment, where slewing bearings play a critical role.
Region with highest CAGR:
Asia Pacific region is poised to hold substantial growth over the projection period due to a surge in infrastructure development initiatives, backed by stringent regulatory frameworks aimed at enhancing safety standards and promoting sustainable practices. Stringent building codes and regulations mandate the use of high-quality components, including single-row ball slewing bearings, in construction and infrastructure projects. Furthermore, the region's commitment to renewable energy sources, supported by government incentives and regulations, has led to an increased installation of wind turbines, driving the demand for slewing bearings.
Key players in the market
Some of the key players in Single Row Ball Slewing Bearing market include Antex Corporation, Jiangsu Shuangzheng Machinery Co., Ltd, Kaydon Corporation, NTN Corporation, Rothe Erde GmbH, Schaeffler Group, SKF Group, TGB Group Technologies, URB Group, Wanda Slewing Bearing Co., Ltd, Wuxi STBR International Trading CO., LTD., Xuzhou Wanda Slewing Bearing Co., Ltd and ZYS Luoyang Bearing Science and Technology Co., Ltd.
Key Developments:
In February 2020, NTN Driveshaft, which first began operations in Anderson in 2017, has announced a $58 million expansion of its local facility. NTN Driveshaft first announced the construction of a new plant in Anderson in 2016 with an initial investment of $84.5 million and the creation of 300 jobs.
Types Covered:
• Non-Gear Type
• Internal Gear Type
• External Gear Type
• Cross Roller Type
• Corrosion-Resistant Type
• Other Types
Applications Covered:
• Construction Machinery
• Renewable Energy
• Industrial Machinery
• Other Applications
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Single Row Ball Slewing Bearing Market, By Type
5.1 Introduction
5.2 Non-Gear Type
5.3 Internal Gear Type
5.4 External Gear Type
5.5 Cross Roller Type
5.6 Corrosion-Resistant Type
5.7 Other Types
6 Global Single Row Ball Slewing Bearing Market, By Application
6.1 Introduction
6.2 Construction Machinery
6.3 Renewable Energy
6.4 Industrial Machinery
6.5 Other Applications
7 Global Single Row Ball Slewing Bearing Market, By Geography
7.1 Introduction
7.2 North America
7.2.1 US
7.2.2 Canada
7.2.3 Mexico
7.3 Europe
7.3.1 Germany
7.3.2 UK
7.3.3 Italy
7.3.4 France
7.3.5 Spain
7.3.6 Rest of Europe
7.4 Asia Pacific
7.4.1 Japan
7.4.2 China
7.4.3 India
7.4.4 Australia
7.4.5 New Zealand
7.4.6 South Korea
7.4.7 Rest of Asia Pacific
7.5 South America
7.5.1 Argentina
7.5.2 Brazil
7.5.3 Chile
7.5.4 Rest of South America
7.6 Middle East & Africa
7.6.1 Saudi Arabia
7.6.2 UAE
7.6.3 Qatar
7.6.4 South Africa
7.6.5 Rest of Middle East & Africa
8 Key Developments
8.1 Agreements, Partnerships, Collaborations and Joint Ventures
8.2 Acquisitions & Mergers
8.3 New Product Launch
8.4 Expansions
8.5 Other Key Strategies
9 Company Profiling
9.1 Antex Corporation
9.2 Jiangsu Shuangzheng Machinery Co., Ltd
9.3 Kaydon Corporation
9.4 NTN Corporation
9.5 Rothe Erde GmbH
9.6 Schaeffler Group
9.7 SKF Group
9.8 TGB Group Technologies
9.9 URB Group
9.10 Wanda Slewing Bearing Co., Ltd
9.11 Wuxi STBR International Trading CO., LTD.
9.12 Xuzhou Wanda Slewing Bearing Co., Ltd
9.13 ZYS Luoyang Bearing Science and Technology Co., Ltd.
List of Tables
1 Global Single Row Ball Slewing Bearing Market Outlook, By Region (2021-2030) ($MN)
2 Global Single Row Ball Slewing Bearing Market Outlook, By Type (2021-2030) ($MN)
3 Global Single Row Ball Slewing Bearing Market Outlook, By Non-Gear Type (2021-2030) ($MN)
4 Global Single Row Ball Slewing Bearing Market Outlook, By Internal Gear Type (2021-2030) ($MN)
5 Global Single Row Ball Slewing Bearing Market Outlook, By External Gear Type (2021-2030) ($MN)
6 Global Single Row Ball Slewing Bearing Market Outlook, By Cross Roller Type (2021-2030) ($MN)
7 Global Single Row Ball Slewing Bearing Market Outlook, By Corrosion-Resistant Type (2021-2030) ($MN)
8 Global Single Row Ball Slewing Bearing Market Outlook, By Other Types (2021-2030) ($MN)
9 Global Single Row Ball Slewing Bearing Market Outlook, By Application (2021-2030) ($MN)
10 Global Single Row Ball Slewing Bearing Market Outlook, By Construction Machinery (2021-2030) ($MN)
11 Global Single Row Ball Slewing Bearing Market Outlook, By Renewable Energy (2021-2030) ($MN)
12 Global Single Row Ball Slewing Bearing Market Outlook, By Industrial Machinery (2021-2030) ($MN)
13 Global Single Row Ball Slewing Bearing Market Outlook, By Other Applications (2021-2030) ($MN)
14 North America Single Row Ball Slewing Bearing Market Outlook, By Country (2021-2030) ($MN)
15 North America Single Row Ball Slewing Bearing Market Outlook, By Type (2021-2030) ($MN)
16 North America Single Row Ball Slewing Bearing Market Outlook, By Non-Gear Type (2021-2030) ($MN)
17 North America Single Row Ball Slewing Bearing Market Outlook, By Internal Gear Type (2021-2030) ($MN)
18 North America Single Row Ball Slewing Bearing Market Outlook, By External Gear Type (2021-2030) ($MN)
19 North America Single Row Ball Slewing Bearing Market Outlook, By Cross Roller Type (2021-2030) ($MN)
20 North America Single Row Ball Slewing Bearing Market Outlook, By Corrosion-Resistant Type (2021-2030) ($MN)
21 North America Single Row Ball Slewing Bearing Market Outlook, By Other Types (2021-2030) ($MN)
22 North America Single Row Ball Slewing Bearing Market Outlook, By Application (2021-2030) ($MN)
23 North America Single Row Ball Slewing Bearing Market Outlook, By Construction Machinery (2021-2030) ($MN)
24 North America Single Row Ball Slewing Bearing Market Outlook, By Renewable Energy (2021-2030) ($MN)
25 North America Single Row Ball Slewing Bearing Market Outlook, By Industrial Machinery (2021-2030) ($MN)
26 North America Single Row Ball Slewing Bearing Market Outlook, By Other Applications (2021-2030) ($MN)
27 Europe Single Row Ball Slewing Bearing Market Outlook, By Country (2021-2030) ($MN)
28 Europe Single Row Ball Slewing Bearing Market Outlook, By Type (2021-2030) ($MN)
29 Europe Single Row Ball Slewing Bearing Market Outlook, By Non-Gear Type (2021-2030) ($MN)
30 Europe Single Row Ball Slewing Bearing Market Outlook, By Internal Gear Type (2021-2030) ($MN)
31 Europe Single Row Ball Slewing Bearing Market Outlook, By External Gear Type (2021-2030) ($MN)
32 Europe Single Row Ball Slewing Bearing Market Outlook, By Cross Roller Type (2021-2030) ($MN)
33 Europe Single Row Ball Slewing Bearing Market Outlook, By Corrosion-Resistant Type (2021-2030) ($MN)
34 Europe Single Row Ball Slewing Bearing Market Outlook, By Other Types (2021-2030) ($MN)
35 Europe Single Row Ball Slewing Bearing Market Outlook, By Application (2021-2030) ($MN)
36 Europe Single Row Ball Slewing Bearing Market Outlook, By Construction Machinery (2021-2030) ($MN)
37 Europe Single Row Ball Slewing Bearing Market Outlook, By Renewable Energy (2021-2030) ($MN)
38 Europe Single Row Ball Slewing Bearing Market Outlook, By Industrial Machinery (2021-2030) ($MN)
39 Europe Single Row Ball Slewing Bearing Market Outlook, By Other Applications (2021-2030) ($MN)
40 Asia Pacific Single Row Ball Slewing Bearing Market Outlook, By Country (2021-2030) ($MN)
41 Asia Pacific Single Row Ball Slewing Bearing Market Outlook, By Type (2021-2030) ($MN)
42 Asia Pacific Single Row Ball Slewing Bearing Market Outlook, By Non-Gear Type (2021-2030) ($MN)
43 Asia Pacific Single Row Ball Slewing Bearing Market Outlook, By Internal Gear Type (2021-2030) ($MN)
44 Asia Pacific Single Row Ball Slewing Bearing Market Outlook, By External Gear Type (2021-2030) ($MN)
45 Asia Pacific Single Row Ball Slewing Bearing Market Outlook, By Cross Roller Type (2021-2030) ($MN)
46 Asia Pacific Single Row Ball Slewing Bearing Market Outlook, By Corrosion-Resistant Type (2021-2030) ($MN)
47 Asia Pacific Single Row Ball Slewing Bearing Market Outlook, By Other Types (2021-2030) ($MN)
48 Asia Pacific Single Row Ball Slewing Bearing Market Outlook, By Application (2021-2030) ($MN)
49 Asia Pacific Single Row Ball Slewing Bearing Market Outlook, By Construction Machinery (2021-2030) ($MN)
50 Asia Pacific Single Row Ball Slewing Bearing Market Outlook, By Renewable Energy (2021-2030) ($MN)
51 Asia Pacific Single Row Ball Slewing Bearing Market Outlook, By Industrial Machinery (2021-2030) ($MN)
52 Asia Pacific Single Row Ball Slewing Bearing Market Outlook, By Other Applications (2021-2030) ($MN)
53 South America Single Row Ball Slewing Bearing Market Outlook, By Country (2021-2030) ($MN)
54 South America Single Row Ball Slewing Bearing Market Outlook, By Type (2021-2030) ($MN)
55 South America Single Row Ball Slewing Bearing Market Outlook, By Non-Gear Type (2021-2030) ($MN)
56 South America Single Row Ball Slewing Bearing Market Outlook, By Internal Gear Type (2021-2030) ($MN)
57 South America Single Row Ball Slewing Bearing Market Outlook, By External Gear Type (2021-2030) ($MN)
58 South America Single Row Ball Slewing Bearing Market Outlook, By Cross Roller Type (2021-2030) ($MN)
59 South America Single Row Ball Slewing Bearing Market Outlook, By Corrosion-Resistant Type (2021-2030) ($MN)
60 South America Single Row Ball Slewing Bearing Market Outlook, By Other Types (2021-2030) ($MN)
61 South America Single Row Ball Slewing Bearing Market Outlook, By Application (2021-2030) ($MN)
62 South America Single Row Ball Slewing Bearing Market Outlook, By Construction Machinery (2021-2030) ($MN)
63 South America Single Row Ball Slewing Bearing Market Outlook, By Renewable Energy (2021-2030) ($MN)
64 South America Single Row Ball Slewing Bearing Market Outlook, By Industrial Machinery (2021-2030) ($MN)
65 South America Single Row Ball Slewing Bearing Market Outlook, By Other Applications (2021-2030) ($MN)
66 Middle East & Africa Single Row Ball Slewing Bearing Market Outlook, By Country (2021-2030) ($MN)
67 Middle East & Africa Single Row Ball Slewing Bearing Market Outlook, By Type (2021-2030) ($MN)
68 Middle East & Africa Single Row Ball Slewing Bearing Market Outlook, By Non-Gear Type (2021-2030) ($MN)
69 Middle East & Africa Single Row Ball Slewing Bearing Market Outlook, By Internal Gear Type (2021-2030) ($MN)
70 Middle East & Africa Single Row Ball Slewing Bearing Market Outlook, By External Gear Type (2021-2030) ($MN)
71 Middle East & Africa Single Row Ball Slewing Bearing Market Outlook, By Cross Roller Type (2021-2030) ($MN)
72 Middle East & Africa Single Row Ball Slewing Bearing Market Outlook, By Corrosion-Resistant Type (2021-2030) ($MN)
73 Middle East & Africa Single Row Ball Slewing Bearing Market Outlook, By Other Types (2021-2030) ($MN)
74 Middle East & Africa Single Row Ball Slewing Bearing Market Outlook, By Application (2021-2030) ($MN)
75 Middle East & Africa Single Row Ball Slewing Bearing Market Outlook, By Construction Machinery (2021-2030) ($MN)
76 Middle East & Africa Single Row Ball Slewing Bearing Market Outlook, By Renewable Energy (2021-2030) ($MN)
77 Middle East & Africa Single Row Ball Slewing Bearing Market Outlook, By Industrial Machinery (2021-2030) ($MN)
78 Middle East & Africa Single Row Ball Slewing Bearing Market Outlook, By Other Applications (2021-2030) ($MN)
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
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