Slewing Drives Market Growth Analysis Report - Market Size, Share, Forecast Trends and Outlook (2025-2034)

The slewing drives market size reached around USD 2.30 Billion in 2024. The market is projected to grow at a CAGR of 5.20% between 2025 and 2034 to reach nearly USD 3.82 Billion by 2034.

The slewing drives market is expected to be driven by the rising construction sector and a growing adoption of solar-powered energy alternatives. The Asia-Pacific is a key market in the industry due to the rising construction industry and growing industrialisation within the region. The single axis slewing drives dominated the regional market in 2023.

Properties and Applications

The slewing drive refers to a gearbox that transmits a torque required for rotation while keeping the axial and radial loads held safely.

The slewing drive refers to a gearbox that transmits a torque required for rotation while keeping the axial and radial loads held safely.

Based on its axis types, the slewing drives market can be segmented into:

• Single Axis
• Dual Axis
• Multiple Axis

By gear, the industry can be bifurcated into:

• Worm Gear
• Spur Gear

The slewing drives market can be broadly categorised on the basis of its applications segments into:

• Solar Tracker
• Man Lifts
• Wind Turbines
• Hydraulic Machinery
• Cranes
• Drilling Equipment
• Others

The major distribution channels of the industry can be broadly bifurcated into:

• Online
• Offline

The report looks into the regional slewing drives markets like:

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East and Africa

Market Analysis

With the growing infrastructural development taking place across the world, the machinery involved in the construction sector has entered a new maintenance cycle, which is expected to drive the growth of the slewing drives market due to a growing demand for load transmission components in construction machineries. The rising number of facilities in the manufacturing sector, especially in the automation and energy segment, is expected to further drive the growth of the market due to a growing demand for high precision customisation that can be delivered by high-quality slewing drives. Major players in the industry are focussing on creating low-maintenance slewing drives to decrease the labour costs in the application and end-use sectors. The rising R&D activities for new slewing drives materials are expected to propel the market growth in the coming years further. With a growing shift towards sustainable and renewable energy, the market is expected to be driven by the rising application of the product in solar tracking systems.

Competitive Landscape

The report presents a detailed analysis of the following key players in the global slewing drives market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

• Dana SAC UK Ltd.
• Cone Drive Operations Inc.
• Kavitsu Bearings
• TGB Group
• EngNetGlobal
• IMO Holding GmbH
• Cleveland Gear Company, Inc.
• Others

The report gives an in-depth insight into the slewing drives market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.