slewing bearings market by type & application - 2020 | industryarc
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Slewing Bearings Market Forecast (2015 - 2020)
Slewing Bearing is a rotational bearing component which usually is used in machines which requires heavy and bulky load handling. These bearings help in developing to and fro movements as well as rotational movements. Basically these are the machine elements, that work based on axial and radial forces which results in tilting moments. Slewing bearing arrangement provides several performance and design benefits over traditional bearings.
Slewing Bearings Market Forecast (2015 - 2020)
Slewing Bearings Market Overview
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Slewing Bearings Market Forecast (2015 - 2020)
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The Global Market for Slewing Bearings is fragmented and is estimated to be around
$2.85 Billion in 2014. It is characterized by large number of small and medium
manufacturers with few large scale manufacturers.
The Market is estimated to increase to $4.2 Billion by 2020 at a CAGR of 6.9% according
to a recent study from IndustryARC. The driving factors for this growth are the
increasing demand for renewable energy sources, material handling equipment and
marine vessels. Marine vessels are one among the major applications of slewing
bearings and are estimated to grow at a CAGR of 12.2% to $602Million by 2020.
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Slewing Bearings Market Estimations
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Market Revenue
Slewing Bearings Market Forecast (2015 - 2020)
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To mention the major propelling developing end use industries of the Slewing Bearings
Market:
Solar Energy
Wind Energy
Healthcare and more
Slewing Bearings Market Driving Factors and Applications
Slewing Bearings Market Forecast (2015 - 2020)
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Slewing Bearings find their application in wide range of applications across industries:
In Access Platforms
Cranes
Stackers
Bottling machines
Wind Turbines & heliostats
Robotic equipment
In Mining
Water Treatment
Material handling equipment and so on.
Slewing Bearings Market Driving Factors and Applications
Slewing Bearings Market Forecast (2015 - 2020)
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Slewing Bearings Market is precisely segmented into 5 broad segments based on these
factors:
By Gear Type: Ungeared, External Gear and Internal Gear.
By Construction/Design: Cross Roller Slewing Ring Bearing, Double-row Ball Slewing
Ring Bearings and Others.
By Rolling Element: Ball, Roller, Track and Combined Ball & Roller.
By Applications: Construction industry, Wind Turbines, Radar and Others.
By Geography: Americas, Europe, APAC and ROW.
Slewing Bearings Market Segmentation
Slewing Bearings Market Forecast (2015 - 2020)
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Slewing Bearings and Rings are majorly involved in conserving renewable energy by
using resources such as solar panels, tidal and wind turbines.
The installed wind capacity is forecasted to grow at a CAGR of 12% through 2015 to
2020 and is a major driver for this market.
Installation of solar plants is increasing majorly in India, China and South America.
ThyssenKrupp Group, IMO Group and SKF Group control 40% of the market share and
are looking to expand even further by acquiring or merging with local smaller sized
manufacturers.
Key Market Insights of Slewing Bearings Market
Slewing Bearings Market Forecast (2015 - 2020)
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Slewing Bearings Market Forecast (2015 - 2020)
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Slewing Bearings Industry has a large number of small and medium sized
producers and a few large sized producers. This market is fragmented yet three
major players are present that control a major chunk of the market share. Few
companies mentioned in the report are as follows:
Kaydon Corporation
LYC North America, Inc.
NSK Ltd.
PSL, a.s.
Roballo Engineering Co Ltd.
Key Market Players of Slewing Bearings Market
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Analytical Method Base Model Consolidated Model Delphi Verification Base Method Consolidation Method
1. Granular breakdown of drivers into factors2. Validating all factors in terms of their present impact on the market. 3. Assigning weights to these factors in terms of their relevance & impact on the market. 4. Build the
1. Get a top down Estimate of the market2. Follow it up with a bottom up estimate of the market. 3. Check for consistency and new growth factors that that are relevant over the next 10 Years4. Build the
1.Granular breakdown of the drivers into factors2. Validating all factors in terms of their present impact on the market. 3. Assigning weights to these factors in terms or their relevance & impact on the market. 4. Build the
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