Market Overview:
The Global Slew Drive Market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth is attributed to the increasing demand for renewable energy and medical equipment, and the growing construction and transportation sector. The market has been segmented on the basis of type, application, and region. On the basis of type, single axis slew drives accounted for a major share in 2017 owing to their low cost and easy installation as compared to dual axis slew drives. However, dual axis slew drives are expected to grow at a higher CAGR during the forecast period due their ability to provide better accuracy in operations over single axis slew drives. On the basis of application, renewable energy accounted for a major share in 2017 owingto government initiatives worldwide towards reducing greenhouse gas emissions through increased use of renewables such as solar and wind power generation plants .
Product Definition:
A slew drive is a device used to move an object in a straight line by rotating it about an axis perpendicular to the direction of motion.
Single Axis:
Single-axis controllers are used in slew drive applications to provide accurate and smooth motor movement. The controller’s input is connected to the coil windings of a stepper motor which creates the necessary torque for moving the machine parts. Single-axis controllers have only one output that provides current feedback needed for controlling motors.
The single axis controller has advantages such as it can be easily integrated into existing machines, it offers high efficiency,.
Dual Axis:
Dual-axis is a control system which can perform two different operations at the same time. The most common applications of dual-axis are found in robotic systems, where it is used to provide simultaneous motion control and for attitude control. In addition, it can also be used to provide position/orientation sensing as well as actuation in a single package.
Application Insights:
The equipment platform segment dominated the global slew drive market in terms of revenue in 2017. The growth can be attributed to the growing demand for advanced and technologically-complex machinery across various industries such as oil and gas, construction, aerospace, defense among others. In addition, technological advancements coupled with increased efficiency are driving the demand for these drives across multiple applications globally.
The renewable energy segment is projected to witness significant growth over the forecast period owing to increasing investments in clean energy projects worldwide. Countries such as China India and U.
Regional Analysis:
Europe accounted for the largest share of over 35% in 2017. The region is expected to maintain its lead throughout the forecast period owing to rising investments in R&D and increasing adoption of automation across various industries. Moreover, growing demand for high precision tools from various end-use industries such as aerospace and defense, manufacturing, etc. is projected to drive regional market growth over the forecast period.
Asia Pacific is anticipated to witness significant growth during the forecast years due to rapid industrialization coupled with expanding infrastructure sector in emerging economies such as China and India which are major consumers of slewing drives equipment platform products & services offered by global slew drive providers/suppliers including ABB Ltd.; Siemens AG; Johnson Controls Inc.; General Electric; Emerson Electric Co.; Yokogawa Corporation; Furukawa Electric Co., Ltd.
Growth Factors:
- Increasing demand from the automotive industry for slewing drives with higher power and torque ratings to meet the stringent requirements of today's vehicles.
- Growing popularity of electric and hybrid vehicles, which require slewing drives with high efficiency and low noise levels.
- Proliferation of smart technologies in automobiles, such as advanced driver assistance systems (ADAS) and autonomous driving, which are increasing the demand for slewing drives with superior performance characteristics.
- Rising demand from construction and mining industries for ruggedized slewing drives that can withstand harsh environmental conditions.
Scope Of The Report
Report Attributes
Report Details
Report Title
Slew Drive Market Research Report
By Type
Single Axis, Dual Axis, Others
By Application
Renewable Energy, Medical Equipment, Construction and Transportation Equipment, Equipment Platform, Aviation and Defense, Others
By Companies
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
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
247
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Slew Drive Market Report Segments:
The global Slew Drive market is segmented on the basis of:
Types
Single Axis, Dual Axis, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Renewable Energy, Medical Equipment, Construction and Transportation Equipment, Equipment Platform, Aviation and Defense, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- 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
Highlights of The Slew Drive Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Single Axis
- Dual Axis
- Others
- By Application:
- Renewable Energy
- Medical Equipment
- Construction and Transportation Equipment
- Equipment Platform
- Aviation and Defense
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Slew Drive Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Slew Drive is a type of drivetrain that uses gears to increase the speed of an engine.
Some of the major companies in the slew drive market are 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.
The slew drive market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Slew Drive Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Slew Drive Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Slew Drive Market - Supply Chain
4.5. Global Slew Drive Market Forecast
4.5.1. Slew Drive Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Slew Drive Market Size (000 Units) and Y-o-Y Growth
4.5.3. Slew Drive Market Absolute $ Opportunity
5. Global Slew Drive Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Slew Drive Market Size and Volume Forecast by Type
5.3.1. Single Axis
5.3.2. Dual Axis
5.3.3. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Slew Drive Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Slew Drive Market Size and Volume Forecast by Application
6.3.1. Renewable Energy
6.3.2. Medical Equipment
6.3.3. Construction and Transportation Equipment
6.3.4. Equipment Platform
6.3.5. Aviation and Defense
6.3.6. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Slew Drive Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Slew Drive Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Slew Drive Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Slew Drive Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Slew Drive Demand Share Forecast, 2019-2026
9. North America Slew Drive Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Slew Drive Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Slew Drive Market Size and Volume Forecast by Application
9.4.1. Renewable Energy
9.4.2. Medical Equipment
9.4.3. Construction and Transportation Equipment
9.4.4. Equipment Platform
9.4.5. Aviation and Defense
9.4.6. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Slew Drive Market Size and Volume Forecast by Type
9.7.1. Single Axis
9.7.2. Dual Axis
9.7.3. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Slew Drive Demand Share Forecast, 2019-2026
10. Latin America Slew Drive Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Slew Drive Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Slew Drive Market Size and Volume Forecast by Application
10.4.1. Renewable Energy
10.4.2. Medical Equipment
10.4.3. Construction and Transportation Equipment
10.4.4. Equipment Platform
10.4.5. Aviation and Defense
10.4.6. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Slew Drive Market Size and Volume Forecast by Type
10.7.1. Single Axis
10.7.2. Dual Axis
10.7.3. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Slew Drive Demand Share Forecast, 2019-2026
11. Europe Slew Drive Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Slew Drive Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Slew Drive Market Size and Volume Forecast by Application
11.4.1. Renewable Energy
11.4.2. Medical Equipment
11.4.3. Construction and Transportation Equipment
11.4.4. Equipment Platform
11.4.5. Aviation and Defense
11.4.6. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Slew Drive Market Size and Volume Forecast by Type
11.7.1. Single Axis
11.7.2. Dual Axis
11.7.3. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Slew Drive Demand Share, 2019-2026
12. Asia Pacific Slew Drive Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Slew Drive Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Slew Drive Market Size and Volume Forecast by Application
12.4.1. Renewable Energy
12.4.2. Medical Equipment
12.4.3. Construction and Transportation Equipment
12.4.4. Equipment Platform
12.4.5. Aviation and Defense
12.4.6. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Slew Drive Market Size and Volume Forecast by Type
12.7.1. Single Axis
12.7.2. Dual Axis
12.7.3. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Slew Drive Demand Share, 2019-2026
13. Middle East & Africa Slew Drive Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Slew Drive Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Slew Drive Market Size and Volume Forecast by Application
13.4.1. Renewable Energy
13.4.2. Medical Equipment
13.4.3. Construction and Transportation Equipment
13.4.4. Equipment Platform
13.4.5. Aviation and Defense
13.4.6. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Slew Drive Market Size and Volume Forecast by Type
13.7.1. Single Axis
13.7.2. Dual Axis
13.7.3. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Slew Drive Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Slew Drive Market: Market Share Analysis
14.2. Slew Drive Distributors and Customers
14.3. Slew Drive Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. ThyssenKrupp
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. The Timken (Cone Drive)
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. IMO Group
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. La Leonessa
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Liebherr
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Fangyuan
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Fenghe
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Wanda Slewing Bearing
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. NBC Group Ltd
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Kinematics Manufacturing (KMI)
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Socare
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Slew Master, Inc.
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Rodriguez GmbH
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. TGB Group
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Bonfiglioli
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
