Market Trends

The global Slewing Bearings market is estimated to surpass $4,105.9 million by 2024, growing at CAGR 3.03% during the forecast period 2018-2024, majorly driven by the increasing focus on renewable energy and growing infrastructure sector. Urbanization in emerging economies has also led to an increase in commercial and office construction market which is driving the global slewing bearings market. What is Slewing Bearings? Slewing bearing is a rotational bearing component which is usually used in machines that require heavy and bulk handling. These bearings help in developing to and fro movements as well as rotational movements. They are used for simple applications such as to facilitate the movement of winches to complex applications such as in drilling and excavator machines and offshore machines. They work based on the axial and radical forces which results in tilting moments. Slewing bearing has many advantageous over traditional bearings such as the ability to support both horizon