Internal-toothed Slewing Ring Market was valued at USD 2.5 Billion in 2022 and is projected to reach USD 4.0 Billion by 2030, growing at a CAGR of 7.5% from 2024 to 2030.
The growing demand for heavy machinery and automation systems has propelled the growth of this market segment. From 2018 to 2022, there was significant adoption of internal-toothed slewing rings in wind turbines, cranes, and excavators, where precision and durability are paramount. The rising need for renewable energy solutions, particularly wind energy, resulted in an increasing number of installations of slewing rings in wind turbines. Additionally, with the expanding use of robotics and automated machinery in industries such as manufacturing and logistics, the internal-toothed slewing ring market became essential in providing the necessary support for rotational motion systems.
Looking ahead, the forecast for the Internal-toothed Slewing Ring market from 2023 to 2033 indicates continued growth, with an even more substantial increase in demand. As industries continue to invest in automation and sustainable energy solutions, slewing rings will remain integral in ensuring the efficient functioning of machinery. The expanding electric vehicle market and the growing emphasis on autonomous systems are expected to further boost the demand for high-quality slewing rings. Innovations in materials like carbon composites and the growing trend of modular designs will likely offer new opportunities for market expansion.
The period from 2023 to 2033 will likely bring new technological advancements, such as slewing rings with enhanced load-bearing capacities, greater corrosion resistance, and improved energy efficiency. With the rise of smart technologies and the integration of IoT in manufacturing processes, slewing rings could also evolve to offer more advanced monitoring and diagnostic features. Overall, the market outlook for the coming decade is optimistic, with demand poised to exceed expectations due to the rapid adoption of cutting-edge machinery and sustainable infrastructure projects.
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The Internal-toothed Slewing Ring market has shown steady growth from 2018 to 2022, driven by demand across industries like construction, aerospace, renewable energy, and robotics. Slewing rings, also known as turntable bearings, are critical components in machines requiring rotational movement, and their internal teeth offer greater durability and performance. The market witnessed increasing investments in research and development during these years to enhance the quality and efficiency of internal-toothed slewing rings, along with technological advancements like precision manufacturing techniques and material improvements.
Evolmec S.r.l.
THB Bearings
XUZHOU FENGHE SLEWING BEARING CO.
LTD
NTN-SNR
Schaeffler Technologies AG & Co. KG
ANTEX
DEFONTAINE
Xuzhou Wanda Slewing Bearing Co.
Ltd.
TMB Group
WMH Herion Antriebstechnik GmbH
SKF Precision Bearings
Fabricante de componentes
RENO GEAR
Rotis
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Internal-toothed Slewing Ring Market
Automotive
Aerospace
Rail
Medical Equipment
Based on Types the Market is categorized into Below types that held the largest Internal-toothed Slewing Ring market share In 2023.
Single-row
Multi-row
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Internal-toothed Slewing Ring Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Internal-toothed Slewing Ring Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Internal-toothed Slewing Ring Market, By Type
6. Global Internal-toothed Slewing Ring Market, By Application
7. Global Internal-toothed Slewing Ring Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Internal-toothed Slewing Ring Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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