Global Slew Drive Market Outlook 2022

The slewing drive is a gearbox that can safely hold radial and axial loads, as well as transmit a torque for rotating. The rotation can be in a single axis, or in multiple axes together. Slewing drives are made by manufacturing gearing, bearings, seals, housing, motor and other auxiliary components and assembling them into a finished gearbox.
One can consider the slewing drive as a gearbox because the core motion components are the slewing bearing and worm shaft. It also consists of auxiliary components such as seals, housing, and motor. As a power source, slew motor is usually DC planetary gear motor or AC gear motor. AC hydraulic motor is mainly used in the construction machinery as a power drive system. As the core component is slewing ring drive, slewing gearbox can readily withstand the axial and radial forces. The slew drive working principle: The worm is driven by the motor, which drives the outer ring of the slewing ring to rotate; The outer ring output the torque through the flange and the inner ring of the slewing ring is fixed in the housing.

Market Analysis and Insights: Global Slew Drive Market
The global Slew Drive market was valued at US$ million in 2020 and it is expected to reach US$ million by the end of 2027, growing at a CAGR of % during 2021-2027.

Global Slew Drive Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.

Global Slew Drive Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027. by Application segment also provides consumption during the forecast period of 2016 to 2027. Understanding the segments helps in identifying the importance of different factors that aid the market growth.

Segment by Type
Single Axis
Dual Axis
Others

Segment by Application
Renewable Energy
Medical Equipment
Construction and Transportation Equipment
Equipment Platform
Aviation and Defense
Others

By Company
ThyssenKrupp
The Timken (Cone Drive)
IMO Group
La Leonessa
Liebherr
Fangyuan
Fenghe
Wanda Slewing Bearing
NBC Group Ltd
Kinematics Manufacturing (KMI)
Socare
Slew Master, Inc.
Rodriguez GmbH
TGB Group
Bonfiglioli

Production by Region
North America
Europe
China
Japan

Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E