slewing bearing market

Following the gradual recovery of the slewing bearing market in 2018, domestic demand for slewing bearings will maintain its growth momentum in the first six months of 2019. This time, the market is recovering from short-term or medium -to-long term.

From the point of view of large slewing bearing market demand changes, as the domestic construction machinery enters the new maintenance cycle, the gradual implementation of the National Belt and Road Initiative, the construction machinery sector as a whole picks up, and strong demand for construction machinery parts is transmitted to the slewing bearing market, resulting in an increase in demand for slewing bearings. 

The reasons for the rise in the price of slewing bearings and trends?

Due to the continuous influence of the state’s capacity-reduction policy on the steel industry, the supply of raw materials for slewing bearings was strained. Compared with the strong growth in market demand, the supply of slewing bearings is in short supply. From a price point of view, in the future, the slewing bearing market price will keep increasing.

Due to the structural adjustment of the manufacturing industry in recent years, more and more new manufacturing industries such as smart manufacturing, industrial automation, new energy, environmental protection equipment, and amusement equipment have risen rapidly. For slewing bearings, especially non-standard customization and high precision The demand for high-quality slewing bearings has grown strongly.