PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1267358
PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1267358
Asia-Pacific Slewing Bearing Market By Product ; By Type ; By Application ; By Country, Trend Analysis, Competitive Landscape & Forecast, 2019-2029
Asia-Pacific Slewing Bearing Market Size Set to Cross USD 2.5 Billion by 2029.
Asia-Pacific slewing bearing market is flourishing, as major countries in the region are investing heavily in infrastructure projects and wind & solar energy sector which require a large number of slewing bearings.
BlueWeave Consulting, a leading strategic consulting and market research firm, estimated the Asia-Pacific Slewing Bearing Market size at USD 1,650.30 million in 2022. BlueWeave expects the Asia-Pacific Slewing Bearing Market size to grow at a CAGR of 6.4% during the forecast period between 2023 and 2029, reaching a value of USD 2,547.71 million by 2029. The rising demand for slewing bearings in Asia Pacific can be attributed to the growth of the construction, renewable energy, e-commerce, industrial automation, and mining industries in the region. The increasing investments in infrastructure and renewable energy, coupled with the expansion of e-commerce and industrial automation, are expected to drive the demand for slewing bearings in the coming years. Slewing bearings are used in various material handling and robotic applications. Overall, the growing demand for slewing bearings in Asia Pacific is expected to continue in the coming years, driven by various factors such as economic growth, infrastructure development, and technological advancements.
Opportunity: Growing demand for renewable energy
The growing demand for renewable energy in Asia Pacific, particularly in China and India, presents significant opportunities for slewing bearing manufacturers. Wind turbines and solar trackers are essential components of the renewable energy sector, and they require large and precise slewing bearings for their efficient operation. China and India are among the fastest-growing renewable energy markets in the world, and they are expected to drive the demand for slewing bearings in the region. China is the largest market for wind energy, and it is expected to continue investing heavily in wind energy projects in the coming years. India is also making significant investments in the renewable energy sector, particularly in solar power, and it is expected to become one of the largest markets for solar trackers in the world.
Increasing environmental regulations in Asia Pacific
The increasing environmental regulations in Asia Pacific are driving the demand for slewing bearings. Governments in the region are implementing stricter regulations to reduce emissions and protect the environment. This has led to a shift towards cleaner and more sustainable industries, such as renewable energy and electric vehicles, which require large and precise slewing bearings. In addition, the increasing focus on sustainability has led to a demand for more efficient and reliable machinery and equipment. Slewing bearings play a critical role in the efficient operation of machinery and equipment, and manufacturers are increasingly focusing on developing bearings that are more durable, efficient, and environmentally friendly. For example, in the construction industry, there is a growing demand for equipment that is more fuel-efficient and produces fewer emissions. Slewing bearings are essential components in excavators, cranes, and other construction equipment, and manufacturers are developing bearings that can reduce friction and increase efficiency, leading to lower emissions and fuel consumption.
Segment Information:
Asia-Pacific Slewing Bearing Market - By Application
Based on application, the Asia-Pacific Slewing Bearing Market is segmented into construction & transit equipment, industrial equipment, medical equipment, and renewable equipment. The Asia-Pacific Slewing Bearing Market for renewable equipment has seen significant expansion, and it is expected to earn significant income throughout the estimated period. This is mostly due to the fact that eight-point and four-point bearings allow turbine blades to be positioned to optimum blade angle depending on wind speed. Moreover, slewing bearings' superior design provides thrust, extraordinary moment, and radial load capabilities.
Asia-Pacific Slewing Bearing Market - By Country:
The Asia-Pacific Slewing Bearing Market is dominated by China. China's manufacturing business is well-established, with a significant emphasis on heavy industries such as building, mining, and renewable energy. As a result, slewing bearings are in great demand in these industries, and China has been able to supply this demand because to its excellent production capabilities. Furthermore, China has a sizable local market for slewing bearings, which has aided in driving demand in the area. The country has a high number of construction and mining projects, as well as a fast increasing renewable energy industry, which has produced a major need for slewing bearings.
Impact of COVID-19 on Asia-Pacific Slewing Bearing Market
The COVID-19 pandemic caused severe disruptions in global supply chains, resulting in shortages of raw materials and components utilized in the production of slewing bearings. This led to manufacturing delays and increased costs for producers, affecting the market supply of slewing bearings. Moreover, government-imposed travel restrictions and lockdowns impacted the supply chain and distribution networks of slewing bearing producers, compounding the situation. The pandemic, on the other hand, offered new prospects for slewing bearing producers.
Competitive Landscape:
The Asia-Pacific Slewing Bearing Market is highly competitive, with all the players continually competing to gain a larger market share. The key players in the market include Antex corp., IMO Group, Italcuscinetti S.p.A. a Socio Unico, Liebherr, NTN Corporation, Schaeffler Technologies AG & Co. KG, SKF, ThyssenKrupp rothe erde Germany GmbH, and THE TIMKEN COMPANY.
The report's in-depth analysis provides information about growth potential, upcoming trends, and the Asia-Pacific Slewing Bearing Market statistics. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in the Asia-Pacific Slewing Bearing Market along with industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyses the growth drivers, challenges, and competitive dynamics of the market.
Table of Contents
1. Research Framework
- 1.1. Research Objective
- 1.2. Product Overview
- 1.3. Market Segmentation
2. Executive Summary
3. Asia-Pacific Slewing Bearing Market Insights
- 3.1. Industry Value Chain Analysis
- 3.2. DROC Analysis
- 3.2.1. Growth Drivers
- 3.2.1.1. Growing demand from the construction, renewable energy, and mining industries
- 3.2.1.2. Asia Pacific is home to some of the world's fastest-growing economies
- 3.2.1.3. The expansion of e-commerce and industrial automation in Asia Pacific
- 3.2.2. Restraints
- 3.2.2.1. The high cost of slewing bearings
- 3.2.2.2. The complex design and maintenance requirements
- 3.2.2.3. The lack of skilled personnel
- 3.2.3. Opportunities
- 3.2.3.1. The growing demand for renewable energy in Asia Pacific
- 3.2.3.2. The increasing adoption of industrial automation and robotics in Asia Pacific
- 3.2.3.3. The development of smart and self-lubricating slewing bearings
- 3.2.4. Challenges
- 3.2.4.1. The intensifying competition in the slewing bearing market
- 3.2.4.2. increasing environmental regulations in Asia Pacific
- 3.2.1. Growth Drivers
- 3.3. Technology Advancements/Recent Developments
- 3.4. Regulatory Framework
- 3.5. Porter's Five Forces Analysis
- 3.5.1. Bargaining Power of Suppliers
- 3.5.2. Bargaining Power of Buyers
- 3.5.3. Threat of New Entrants
- 3.5.4. Threat of Substitutes
- 3.5.5. Intensity of Rivalry
4. Asia-Pacific Slewing Bearing Market Overview
- 4.1. Market Size & Forecast by Value & Volume, 2019-2029
- 4.1.1. By Value (USD Million)
- 4.2. Market Share & Forecast
- 4.2.1. By Product
- 4.2.1.1. Non-Gear Type Slewing Bearings
- 4.2.1.2. Internal Gear Type Slewing Bearings
- 4.2.1.3. External Gear Type Slewing Bearings
- 4.2.2. By Design
- 4.2.2.1. Cross Roller Slewing Ring Bearing
- 4.2.2.2. Double-Row Ball Slewing Ring Bearings
- 4.2.2.3. Three-Row Roller Slewing Ring Bearings
- 4.2.2.4. Bi-Angular Roller or Taper
- 4.2.2.5. Four and Eight Point Contact Ball
- 4.2.2.6. Single-row Four Point Contact Ball Slewing Ring Bearing
- 4.2.3. By Application
- 4.2.3.1. Construction & Transit Equipment
- 4.2.3.2. Industrial Equipment
- 4.2.3.3. Medical Equipment
- 4.2.3.4. Renewable Equipment
- 4.2.4. By Country
- 4.2.4.1. China
- 4.2.4.2. India
- 4.2.4.3. Japan
- 4.2.4.4. South Korea
- 4.2.4.5. Australia & New Zealand
- 4.2.4.6. Indonesia
- 4.2.4.7. Malaysia
- 4.2.4.8. Singapore
- 4.2.4.9. Vietnam
- 4.2.4.10. Rest of APAC
- 4.2.1. By Product
5. China Slewing Bearing Market Overview
- 5.1. Market Size & Forecast by Value & Volume, 2019-2029
- 5.1.1. By Value (USD Million)
- 5.2. Market Share & Forecast
- 5.2.1. By Product
- 5.2.2. By Design
- 5.2.3. By Application
- 5.2.4. By Sales Channel
6. India Slewing Bearing Market Overview
- 6.1. Market Size & Forecast by Value & Volume, 2019-2029
- 6.1.1. By Value (USD Million)
- 6.2. Market Share & Forecast
- 6.2.1. By Product
- 6.2.2. By Design
- 6.2.3. By Application
7. Japan Slewing Bearing Market Overview
- 7.1. Market Size & Forecast by Value & Volume, 2019-2029
- 7.1.1. By Value (USD Million)
- 7.2. Market Share & Forecast
- 7.2.1. By Product
- 7.2.2. By Design
- 7.2.3. By Application
8. South Korea Slewing Bearing Market Overview
- 8.1. Market Size & Forecast by Value & Volume, 2019-2029
- 8.1.1. By Value (USD Million)
- 8.2. Market Share & Forecast
- 8.2.1. By Product
- 8.2.2. By Design
- 8.2.3. By Application
9. Australia & New Zealand Slewing Bearing Market Overview
- 9.1. Market Size & Forecast by Value & Volume, 2019-2029
- 9.1.1. By Value (USD Million)
- 9.2. Market Share & Forecast
- 9.2.1. By Product
- 9.2.2. By Design
- 9.2.3. By Application
10. Indonesia Slewing Bearing Market Overview
- 10.1. Market Size & Forecast by Value & Volume, 2019-2029
- 10.1.1. By Value (USD Million)
- 10.2. Market Share & Forecast
- 10.2.1. By Product
- 10.2.2. By Design
- 10.2.3. By Application
11. Malaysia Slewing Bearing Market Overview
- 11.1. Market Size & Forecast by Value & Volume, 2019-2029
- 11.1.1. By Value (USD Million)
- 11.2. Market Share & Forecast
- 11.2.1. By Product
- 11.2.2. By Design
- 11.2.3. By Application
12. Singapore Slewing Bearing Market Overview
- 12.1. Market Size & Forecast by Value & Volume, 2019-2029
- 12.1.1. By Value (USD Million)
- 12.2. Market Share & Forecast
- 12.2.1. By Product
- 12.2.2. By Design
- 12.2.3. By Application
13. Vietnam Slewing Bearing Market Overview
- 13.1. Market Size & Forecast by Value & Volume, 2019-2029
- 13.1.1. By Value (USD Million)
- 13.2. Market Share & Forecast
- 13.2.1. By Product
- 13.2.2. By Design
- 13.2.3. By Application
14. Rest of APAC Slewing Bearing Market Overview
- 14.1. Market Size & Forecast by Value & Volume, 2019-2029
- 14.1.1. By Value (USD Million)
- 14.2. Market Share & Forecast
- 14.2.1. By Product
- 14.2.2. By Design
- 14.2.3. By Application
15. Competitive Landscape
- 15.1. List of Key Players and Their Offerings
- 15.2. Asia Pacific Lane Warning Systems Company Market Share Analysis, 2022
- 15.3. Competitive Benchmarking, By Operating Parameters
- 15.4. Key Strategic Development (Mergers, Acquisitions, Partnerships, etc.)
16. Impact of Covid-19 on Asia Pacific Lane Warning Systems Market
17. Company Profile (Company Overview, Financial Matrix, Competitive landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook)
- 17.1. Antex corp.
- 17.2. IMO Group
- 17.3. Italcuscinetti S.p.A. a Socio Unico
- 17.4. Liebherr, NTN Corporation
- 17.5. Schaeffler Technologies AG & Co. KG,
- 17.6. SKF
- 17.7. thyssenkrupp rothe erde Germany GmbH
- 17.8. THE TIMKEN COMPANY
- 17.9. Other Prominent Players
18. Key Strategic Recommendations
19. Research Methodology
- 19.1. Qualitative Research
- 19.1.1. Primary & Secondary Research
- 19.2. Quantitative Research
- 19.3. Market Breakdown & Data Triangulation
- 19.3.1. Secondary Research
- 19.3.2. Primary Research
- 19.4. Breakdown of Primary Research Respondents, By Region
- 19.5. Assumption & Limitation
*Financial information in case of non-listed companies will be provided as per availability
**The segmentation and the companies are subjected to modifications based on in-depth secondary for the final deliverable
List of Figures
- Figure 1 Asia-Pacific Slewing Bearing Market Segmentation
- Figure 2 Asia-Pacific Slewing Bearing Market Value Chain Analysis
- Figure 3 Company Market Share Analysis, 2022
- Figure 4 Asia-Pacific Slewing Bearing Market Size, By Value (USD Billion), 2019-2029
- Figure 5 Asia-Pacific Slewing Bearing Market Share, By Product Type, By Value, 2019-2029
- Figure 6 Asia-Pacific Slewing Bearing Market Share, By Design, By Value, 2019-2029
- Figure 7 Asia-Pacific Slewing Bearing Market Share, By Application, By Value, 2019-2029
- Figure 8 Asia-Pacific Slewing Bearing Market Share, By Country, By Value, 2019-2029
- Figure 9 China Slewing Bearing Market Size, By Value (USD Billion), 2019-2029
- Figure 10 China Slewing Bearing Market Share, By Product Type, By Value, 2019-2029
- Figure 11 China Slewing Bearing Market Share, By Design, By Value, 2019-2029
- Figure 12 China Slewing Bearing Market Share, By Application, By Value, 2019-2029
- Figure 13 India Slewing Bearing Market Size, By Value (USD Billion), 2019-2029
- Figure 14 India Slewing Bearing Market Share, By Product Type, By Value, 2019-2029
- Figure 15 India Slewing Bearing Market Share, By Design, By Value, 2019-2029
- Figure 16 India Slewing Bearing Market Share, By Application, By Value, 2019-2029
- Figure 17 Japan Slewing Bearing Market Size, By Value (USD Billion), 2019-2029
- Figure 18 Japan Slewing Bearing Market Share, By Product Type, By Value, 2019-2029
- Figure 19 Japan Slewing Bearing Market Share, By Design, By Value, 2019-2029
- Figure 20 Japan Slewing Bearing Market Share, By Application, By Value, 2019-2029
- Figure 21 South Korea Slewing Bearing Market Size, By Value (USD Billion), 2019-2029
- Figure 22 South Korea Slewing Bearing Market Share, By Product Type, By Value, 2019-2029
- Figure 23 South Korea Slewing Bearing Market Share, By Design, By Value, 2019-2029
- Figure 24 South Korea Slewing Bearing Market Share, By Application, By Value, 2019-2029
- Figure 25 Australia & New Zealand Slewing Bearing Market Size, By Value (USD Billion), 2019-2029
- Figure 26 Australia & New Zealand Slewing Bearing Market Share, By Product Type, By Value, 2019-2029
- Figure 27 Australia & New Zealand Slewing Bearing Market Share, By Design, By Value, 2019-2029
- Figure 28 Australia & New Zealand Slewing Bearing Market Share, By Application, By Value, 2019-2029
- Figure 29 Indonesia Slewing Bearing Market Size, By Value (USD Billion), 2019-2029
- Figure 30 Indonesia Slewing Bearing Market Share, By Product Type, By Value, 2019-2029
- Figure 31 Indonesia Slewing Bearing Market Share, By Design, By Value, 2019-2029
- Figure 32 Indonesia Slewing Bearing Market Share, By Application, By Value, 2019-2029
- Figure 33 Malaysia Slewing Bearing Market Size, By Value (USD Billion), 2019-2029
- Figure 34 Malaysia Slewing Bearing Market Share, By Product Type, By Value, 2019-2029
- Figure 35 Malaysia Slewing Bearing Market Share, By Design, By Value, 2019-2029
- Figure 36 Malaysia Slewing Bearing Market Share, By Application, By Value, 2019-2029
- Figure 37 Singapore Slewing Bearing Market Size, By Value (USD Billion), 2019-2029
- Figure 38 Singapore Slewing Bearing Market Share, By Product Type, By Value, 2019-2029
- Figure 39 Singapore Slewing Bearing Market Share, By Design, By Value, 2019-2029
- Figure 40 Singapore Slewing Bearing Market Share, By Application, By Value, 2019-2029
- Figure 41 Philippines Slewing Bearing Market Size, By Value (USD Billion), 2019-2029
- Figure 42 Philippines Slewing Bearing Market Share, By Product Type, By Value, 2019-2029
- Figure 43 Philippines Slewing Bearing Market Share, By Design, By Value, 2019-2029
- Figure 44 Philippines Slewing Bearing Market Share, By Application, By Value, 2019-2029
- Figure 45 Vietnam Slewing Bearing Market Size, By Value (USD Billion), 2019-2029
- Figure 46 Vietnam Slewing Bearing Market Share, By Product Type, By Value, 2019-2029
- Figure 47 Vietnam Slewing Bearing Market Share, By Design, By Value, 2019-2029
- Figure 48 Vietnam Slewing Bearing Market Share, By Application, By Value, 2019-2029
- Figure 49 Rest of APAC Slewing Bearing Market Size, By Value (USD Billion), 2019-2029
- Figure 50 Rest of APAC Slewing Bearing Market Share, By Product Type, By Value, 2019-2029
- Figure 51 Rest of APAC Slewing Bearing Market Share, By Design, By Value, 2019-2029
- Figure 52 Rest of APAC Slewing Bearing Market Share, By Application, By Value, 2019-2029
List of Tables
- Table 1 Asia-Pacific Slewing Bearing Market Size, By Product Type, By Value, 2019-2029
- Table 2 Asia-Pacific Slewing Bearing Market Size, By Design, By Value, 2019-2029
- Table 3 Asia-Pacific Slewing Bearing Market Size, By Application, By Value, 2019-2029
- Table 4 The Asia-Pacific Slewing Bearing Market Size, By Country, By Value, 2019-2029
- Table 5 China Slewing Bearing Market Size, By Product Type, By Value, 2019-2029
- Table 6 China Slewing Bearing Market Size, By Design, By Value, 2019-2029
- Table 7 China Slewing Bearing Market Size, By Application, By Value, 2019-2029
- Table 8 India Slewing Bearing Market Size, By Product Type, By Value, 2019-2029
- Table 9 India Slewing Bearing Market Size, By Design, By Value, 2019-2029
- Table 10 India Slewing Bearing Market Size, By Application, By Value, 2019-2029
- Table 11 Japan Slewing Bearing Market Size, By Product Type, By Value, 2019-2029
- Table 12 Japan Slewing Bearing Market Size, By Design, By Value, 2019-2029
- Table 13 Japan Slewing Bearing Market Size, By Application, By Value, 2019-2029
- Table 14 South Korea Slewing Bearing Market Size, By Product Type, By Value, 2019-2029
- Table 15 South Korea Slewing Bearing Market Size, By Design, By Value, 2019-2029
- Table 16 South Korea Slewing Bearing Market Size, By Application, By Value, 2019-2029
- Table 17 Australia & New Zealand Slewing Bearing Market Size, By Product Type, By Value, 2019-2029
- Table 18 Australia & New Zealand Slewing Bearing Market Size, By Design, By Value, 2019-2029
- Table 19 Australia & New Zealand Slewing Bearing Market Size, By Application, By Value, 2019-2029
- Table 20 Indonesia Slewing Bearing Market Size, By Product Type, By Value, 2019-2029
- Table 21 Indonesia Slewing Bearing Market Size, By Design, By Value, 2019-2029
- Table 22 Indonesia Slewing Bearing Market Size, By Application, By Value, 2019-2029
- Table 23 Malaysia Slewing Bearing Market Size, By Product Type, By Value, 2019-2029
- Table 24 Malaysia Slewing Bearing Market Size, By Design, By Value, 2019-2029
- Table 25 Malaysia Slewing Bearing Market Size, By Application, By Value, 2019-2029
- Table 26 Singapore Slewing Bearing Market Size, By Product Type, By Value, 2019-2029
- Table 27 Singapore Slewing Bearing Market Size, By Design, By Value, 2019-2029
- Table 28 Singapore Slewing Bearing Market Size, By Application, By Value, 2019-2029
- Table 29 Philippines Slewing Bearing Market Size, By Product Type, By Value, 2019-2029
- Table 30 Philippines Slewing Bearing Market Size, By Design, By Value, 2019-2029
- Table 31 Philippines Slewing Bearing Market Size, By Application, By Value, 2019-2029
- Table 32 Vietnam Slewing Bearing Market Size, By Product Type, By Value, 2019-2029
- Table 33 Vietnam Slewing Bearing Market Size, By Design, By Value, 2019-2029
- Table 34 Vietnam Slewing Bearing Market Size, By Application, By Value, 2019-2029
- Table 35 Rest of APAC Slewing Bearing Market Size, By Product Type, By Value, 2019-2029
- Table 36 Rest of APAC Slewing Bearing Market Size, By Design, By Value, 2019-2029
- Table 37 Rest of APAC Slewing Bearing Market Size, By Application, By Value, 2019-2029
- Table 38 Antex corp. Company Overview
- Table 39 Antex corp. Financial Overview
- Table 40 IMO Group Company Overview
- Table 41 IMO Group Financial Overview
- Table 42 Italcuscinetti S.p.A. a Socio Unico Company Overview
- Table 43 Italcuscinetti S.p.A. a Socio Unico Financial Overview
- Table 44 Liebherr Company Overview
- Table 45 Liebherr Financial Overview
- Table 46 NTN Corporation Company Overview
- Table 47 NTN Corporation Financial Overview
- Table 48 Schaeffler Technologies AG & Co. KG Company Overview
- Table 49 Schaeffler Technologies AG & Co. KG, Financial Overview
- Table 50 SKF Company Overview
- Table 51 SKF Financial Overview
- Table 52 Thyssenkrupp rothe erde Germany GmbH Company Overview
- Table 53 Thyssenkrupp rothe erde Germany GmbH Financial Overview
- Table 54 THE TIMKEN COMPANY - Company Overview
- Table 55 THE TIMKEN COMPANY Financial Overview
