The Report "[b]Slewing Bearings Market Analysis- By Gear Types (Ungeared, External Gear, Internal Gear); By Construction (Single-row Four Point Contact Ball, Cross roller, Double roller); By Applications (Excavation, Medical, Turbines) with Forecast (2015 - 2020)[/b]” Published By IndustryARC; the market is estimated to increase to $4.2 Billion by 2020 at a CAGR of 6.9%

[i]Browse 31 Market Tables & 56 Figures spread through 169 Pages and an in-depth TOC on "[b]Slewing Bearings Market[/b]" http://industryarc.com/Report/6346/Slewing-Bearings-Market-Research-Report.html[/i]

[b]Slewing Bearings[/b] are rotational bearings that are typically used to support machines that require heavy and bulky load handling. These bearings could only be used in a horizontal alignment to support devices like cranes, but now due to developments in its design it can also be used in a vertical alignment. Slewing Bearings work on the mechanical principle of radial and axial forces that result in the tilting motion. They provide major performance advantages over the use of traditional bearings. [b]APAC and Europe are the leading markets for the Slewing Bearings and Rings Market[/b]; this is because there are established Excavation and Construction Industries in those regions. The Slewing Bearings Market is classified into 5 different categories; [b]by Gear Type, by Construction/Design, by Rolling Element, by Applications and by Geography[/b]. The sub-categories with an in-depth analysis are included in the Market Report on Slewing Bearings by IndustryARC.

[b]Market Drivers:[/b]

[b]Slewing Bearings[/b] are critical for any and all Industries that operate heavy machinery in any of their processes. [b]The Slewing Bearing Market[/b] is driven by the [b]increasing demand by Industries[/b]. Slewing Bearings are used in the Healthcare and Medical Equipment Industry as well as Developing Industries like Wind Power and Solar Energy. Slewing Bearings are also an essential component in the Renewable Energy field as it is used in Solar Panels and in Wind and Tidal turbines.

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[b]Market Trends[/b]:

[b]According to IndustryARC, Slewing Bearings Market is accounted to be a 2.45$ Billion Industry[/b]. This revenue is set to grow further during the forecast period 2015-2020 due to the increasing number of manufacturers across the world.

[b]Regionally[/b], Europe and APAC are the leading [b]markets of Slewing Bearings and Rings[/b]. The dominant position of these regions in the market is due to the Established Construction, Excavation and Communication Equipment Industries.

[b]Market Growth[/b]:

[b]The Slewing Bearing Market[/b] is set to grow in the future because it has a vital application in different [b]Renewable Energy Industries[/b] and the demand for these bearing will grow as a result of that. The [b]Wind Power Industry[/b] is predicted to grow at [b]12% CAGR in the period of 2105-2020[/b]; this growth will also drive the [b]Slewing Bearing Industry[/b] to grow in that period. In general, the demand for [b]ball, roller and plain bearings[/b] is estimated to grow at 7.3% CAGR in the period of 2015-2020. All these factors give a clear indication that the [b]Slewing Bearing Market[/b] is bound to grow in the 2015-2020 period.

[b]Key Players[/b]:

[b]The Slewing Bearings Industry[/b] has a large number of small and medium sized producers and a few large sized producers. [b]The global market of the Slewing Bearings[/b] is fragmented and approximately is a [b]$2.45 Billion Industry[/b]. Although the market is fragmented, three major players are present that control a major chunk of the market share. [b]ThyssenKrupp Group, IMO Group[/b] and SKF Group control 40% of the market share and are looking to expand even further by acquiring or merging with local smaller sized manufacturers. A more detailed list of players with their company profiles is included in the Market Report by IndustryARC.

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[b]About IndustryARC[/b]:
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