Press release
Slewing Drives Market Anticipated to Grow Rapidly During 2028 - Liebherr Group, NBC Group, Rossi S.p.A., TGB Group Technologies, Young Powertech and IMO USA
Slewing Drives Market
The slewing drive is a type of gearbox that can safely hold axial and radial loads, and transmit a torque for rotating. Slewing drives are commonly used mechanical devices that are deployed in solar tracking systems, construction cranes, hydraulic machinery, lifts, drilling equipment, and other industrial equipment. Increasing investment and initiatives towards the usage of renewable energy resources such as wind energy and solar trackers are increasing the need for slewing drives, which boost the growth of the global slewing drives market over the forecast period.
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An increase in energy demand across the world is the result of rising power generation activities. Additionally, growing industrial applications have resulted in the enhanced purchase of pumps, cranes, and other equipment, this is resulting in surging the demand for slew drives, which triggers the growth of the global slewing drives market. However, the high initial cost and requirement of regular maintenance may hamper the growth of the slewing drives market. Furthermore, the rising construction activities and rapid industrialization in the emerging region are expected to influence the demand for the global slewing drives market.
Top Dominating Key Players:
1. Bonfiglioli Riduttori SpA
2. Cone Drive Operations, Inc.
3. Dana Motion Systems Italia S.r.l.
4. IMO USA
5. Kinematics Manufacturing, Inc.
6. Liebherr Group
7. NBC Group Ltd
8. Rossi S.p.A.
9. TGB Group Technologies
10. Young Powertech Inc.
Market Segmentation :
The global slewing drives market is segmented on the basis of axis, gear, application. On the basis of axis the market is segmented as single axis, dual axis. On the basis of gear the market is segmented as worm gear, spur gear. On the basis of application the market is segmented as solar trackers, man lifts and automotive lifts, wind turbines, hydraulic machinery, cranes, drilling equipment, others.
Key Benefits:
To provide detailed information regarding the major factors (drivers, restraints, opportunities, challenges, and trends) influencing the growth of the global Slewing Drives Market.
To forecast the size of the market segments with respect to four major regional segments, namely, North America, Europe, Asia Pacific, and the Rest of the World (Latin America and the Middle East & Africa).
The study conducts SWOT analysis to evaluate strengths and weaknesses of the key players in the Slewing Drives Market. Further, the report conducts an intricate examination of drivers and restraints operating in the market. The report also evaluates the trends observed in the parent market, along with the macro-economic indicators, prevailing factors, and market appeal according to different segments. The report also predicts the influence of different industry aspects on the Slewing Drives Market segments and regions.
Scope of the study:
The research on the Slewing Drives Market focuses on mining out valuable data on investment pockets, growth opportunities, and major market vendors to help clients understand their competitor’s methodologies. The research also segments the Slewing Drives Market on the basis of end user, product type, application, and demography for the forecast period 2020 - 2028. Comprehensive analysis of critical aspects such as impacting factors and competitive landscape are showcased with the help of vital resources, such as charts, tables, and infographics.
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Reasons to Buy the Report:
Learn about the driving factors, affecting the market growth.
Imbibe the advancements and progress in the market during the forecast period.
Understand where the market opportunities lies.
Compare and evaluate various options affecting the market.
Pick up on the leading market players within the market.
Envision the restrictions and restrains that are likely to hamper the market.
Contact Us:
The Insight partners,
Phone: +1-646-491-9876
Email: sales@theinsightpartners.com
Website: www.theinsightpartners.com
About Us:
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Healthcare, Manufacturing, Automotive and Defense.
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