The Slewing Bearing Market is to Touch $5.1 Billion by 2030; Increasing Infrastructure Investment and Increasing Turret Applications in the Defense Sector Propels Market Growth.

The Slewing Bearing Market size is estimated to reach $5.1 billion by 2030, growing at a CAGR of 3.5% during the forecast period 2024-2030, according to a recent report published by IndustryARC, titled, “Slewing Bearing Market – By Gear Types (Ungeared, External Gear, Internal Gear), By Construction/Design (Single-row Four Point Contact Ball Slewing Bearings, Double-row Four Point Contact Ball Slewing Bearings, Cross Roller Slewing Bearings, Three-row Roller Slewing Bearings, Others (Roller/Ball Combination Bearings, Bi-Angular Roller Cylindrical or Taper Slewing Bearings)), By Rolling Element (Ball, Roller), By Application (Wind & Solar Energy, Robotic Equipment, Medical Equipment, Packaging, Mining, Marine Vessels, Material Handling Equipment, Water Treatment, Military, Communication Equipment, Others), By Geography – Global Opportunity Analysis & Industry Forecast, 2024-2030”

Increasing infrastructure investment and increasing turret applications in the defense sector are fueling the growth of the Slewing Bearing industry during the forecast period.

Asia-Pacific region is the largest Slewing Bearing market, holding a share of 45.76%. The region is experiencing significant growth due to diverse industrial demands. In China, demand is driven by its manufacturing hub status and needs from construction, mining, and wind energy sectors, particularly following Belt and Road initiatives. Japan focuses on quality, boosting demand for bearings in robotics and energy projects, while South Korea's shipbuilding sector aligns with green energy goals. In India, infrastructure expansion and the "Make in India" initiative present opportunities for local and global players. A July 2024 collaboration between Cisco and Rockwell Automation aims to enhance digital transformation in the industrial market, benefiting slewing-bearing applications. 

Infrastructure investment is a key driver in the slewing-bearing market, particularly in construction, transportation, and energy sectors. With global construction investments expected to rise, especially in emerging economies, demand for durable slewing bearings will grow. Initiatives like China’s Belt and Road Initiative and the U.S. Infrastructure Investment and Jobs Act boost this demand. In November 2024, the Indian state of Haryana approved $29.6 million for Gurugram’s infrastructure, highlighting the need for reliable machinery. Additionally, U.S. construction spending reached $2.15 trillion in September 2024, a 4.6% increase from the previous year, further increasing demand for high-performance slewing bearings.

Increasing turret applications in the defense sector are driving growth in the slewing-bearing market, fueled by demand for mobile, precise, and resilient weapon systems. Turrets, mounted on military vehicles and ships, rely on slewing bearings for seamless rotation and stabilization under extreme conditions. In September 2024, Kongsberg expanded its U.S. facility to meet the demand for remote weapon systems, including the Amphibious Combat Vehicle’s 30mm turret. Concurrently, Poland showcased the enhanced Borsuk IFV with the RAK M120G mortar system at MSPO 2024, likely utilizing advanced slewing bearings to improve performance, reliability, and operational effectiveness in military environments. 

Key companies profiled in the Slewing Bearing Market are Thyssenkrupp Group, Schaeffler AG, SKF Group, NSK LTD, The Timken Company, NTN Corporation, JTEKT Corporation, Defontaine Group, Liebherr Group, RBC Bearings Incorporated, and others.