Slewing Drives Market

Slewing Drives Market - Global Market Share, Trends, Analysis and Forecast, 2023-2032
Frequently asked questions about this report

The slewing drives market size is expected to reach US$ 8.12 Billion by 2032.

The slewing drives market is expected grow at a CAGR of 7.4% from 2023 to 2032.

The slewing drives market size was estimated to be US$ 3.98 Billion in 2022.

The global slewing drives market is driven by various factors, including the increasing demand for material handling equipment and the growth of the construction industry.

Cone Drive, IMO Group, Jiangsu Shuangzheng Machinery Co., Ltd., Kavitsu Robotronix Pvt. Ltd., Kinematics Manufacturing, Inc., Liebherr Group, PSL - PRAEZISIONS-SCHRAUBENLEITSPINDELN GmbH, Rexnord Corporation, Shanghai Fenghui Industrial Co., Ltd., SlewPro, TGB Group Technologies, THB Bearings Co., Ltd., Turner Uni-Drive, Wafangdian Bearing Group Corporation Ltd., Xuzhou Helin Slewing Bearing Co., Ltd. among others, are the prominent players in this market.

The Europe has seen significant growth in the installation of solar and wind power plants is driving the demand for slewing drives.

Construction equipment is the largest application segment in the global slewing drives market due to the extensive use of slewing drives in various construction applications such as cranes, excavators, and concrete pumps.