Slewing ring bearing market situation in March 2021

Slewing ring bearing as the core part of turntable unit, it is the most important part for Excavators. The market demand for slewing bearings can be reflected from the market situation of excavators. 

After investigations and market research, CME estimates that the sales of excavators (including exports) in March 2021 will be about 72,000 units, a year-on-year growth rate of about 45.73%.

In terms of different markets: the domestic market is estimated to sell 67,000 units, a growth rate of about 43.75%; the export market is estimated to sell 5,000 units, a growth rate of about 78.70%.

It is worth that the growth rate of sales in the domestic market in March dropped significantly compared with the previous two months, mainly because sales peaked in March 2020. According to forecasts, sales of excavators from January to March 2021 are 119,906 units, a year-on-year growth rate of 74.71%, of which 107,588 units in the domestic market, a year-on-year growth rate of 75.57%; and 7,575 units in the export market, a year-on-year growth rate of 67.43%.

Xuzhou wanda slewing bearing co.,ltd is the professional manufacturer of slewing bearing. We can supply all kinds of slewing bearings to global market with good quality and reasonable price,and very familiar with CCS & BV standards. As the excavator market is very crazy, so the market for slewing bearings is in short supply, we have a lot of orders for slewing bearings, and the production cycle generally takes more than 60 days. If you need any slewing ring bearing, please contact us with your demand, we could produce according to your request.