Global Slewing Drives Market was valued US$ 3.2 Bn in 2017 and is expected to reach 4.8 Bn by 2026, at a CAGR of 5.2 % during a forecast period.




Global Slewing Drives Market




Global Slewing Drives Market: Overview




Slewing drives are gearboxes that have two to four universal stages. These drives include a planetary gear unit such as robust, compact, and versatile. Slewing drives are enhanced for best conceivable tooth flank and root load capacity, and minimum sliding speeds. Their design enhances torque performance volume and radial load capacity, while winding stresses are kept within restrictions to give the perfect meshing between the pinion and gear. These factors leads to increase demand for slewing drives market during forecast period.




Global Slewing Drives Market: Drivers and Restraints




Government initiatives through the development of manufacturing sector policies, and initiatives toward the practise of renewable energy resources such as wind energy and solar trackers are predicted to boost the demand for slewing drives around the world. Slewing drives are generally used in the construction industry. Accordingly by 2030, the volume of construction output is expected to grow by 85%. Increase in construction is the main reason for the growth in the demand for slewing drives across the globe. Rise in government initiatives are projected to drive the growth of the slewing drives market during the forecast period. All these factors leads to increase demand for slewing drives market during forecast period.




On the other hand, the high cost of equipment and high maintenance cost are projected to hamper the market during the forecast period. The change in unpredictable price of raw material will restrict the slewing drives market. Slewing drives need systematic maintenance and lubrication, and if not done, the remanufacturing cost of the drives becomes steep.




Global Slewing Drives Market: Segment Analysis




On the basis of gear segment, worm segment ids projected to increase the demand for slewing drives market during forecast period. Self-locking, required less space, operate silently and smoothly, reduce the speed are the factors of slewing drives which leads to increase the growth of slewing drives market during forecast period.




Global Slewing Drives Market: Regional Analysis




Asia Pacific is predicted to be the major market for slewing drives during the forecast period. Countries in the Gulf Cooperation Council (GCC) proposal to install a total 7 gig watts new power generation capacity from renewable sources by early 2020. Countries such as Brazil, Uruguay, and Chile have the maximum solar radiation owing to encouraging climate conditions. These countries are predicted to increase the production of solar energy quickly in the upcoming years, which will drive the slewing drives market during forecast period.




The objective of the report is to present comprehensive assessment projections with a suitable set of assumptions and methodology. The report helps in understanding Global Slewing Drives market dynamics, structure by identifying and analyzing the market segments and projecting the global market size. Further, the report also focuses on the competitive analysis of key players by product, price, financial position, growth strategies, and regional presence. To understand the market dynamics and by region, the report has covered the PEST analysis by region and key economies across the globe, which are supposed to have an impact on market in forecast period. PORTER’s analysis, and SVOR analysis of the market as well as detailed SWOT analysis of key players has been done to analyze their strategies. The report will to address all questions of shareholders to prioritize the efforts and investment in the near future to the emerging segment in the Global Slewing Drives market.




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Scope of Global Slewing Drives Market




Global Slewing Drives Market, by Axis




Single Axis
Dual Axis

Global Slewing Drives Market, by Gear




Worm gear
Spur gear

Global Slewing Drives Market, by Application




Solar Trackers
Man Lifts
Wind Turbines
Hydraulic Machinery
Cranes
Drilling Equipment
Others

Global Slewing Drives Market, by Distribution Channel




Online
Offline

Global Slewing Drives Market, by Region




North America
Europe
Asia Pacific
Middle East & Africa
South America

Key players operating in the Global Slewing Drives Market




AKSH Manufacturing Pvt. Ltd
Bonfiglioli Riduttori SpA
Cone Drive Operations, Inc.
IMO Group
Kavitsu Robotronix Pvt. Ltd
Kinematics Manufacturing LLC
Liebherr Group
Luoyang SBI Special Bearing Co., Ltd
TGB Group Technologies
Young Powertech Inc.




 

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