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Ball Screw Market By Types (Rolled, Ground) By Application (Pipelines, PAXWAY, Industrial Robotics, Others) By Sales Channel (OEM, Aftermarket) - Growth, Future Prospects & Competitive Analysis, 2016 - 2028

REPORT ATTRIBUTE DETAILS

Ball Screw Market by Volume

Yes

Market by Value

Yes

Market, Tornado Analysis

Yes

Market, STAR Analysis

Yes

Market, SRC Analysis

Yes

Market Pricing Analysis

Yes (On Demand)

Market Segment Analysis

By Type (Rolled and Ground)

By Application (Pipelines, PAXWAY, Industrial Robotics, and Others)

By Sales Channel (OEM and Aftermarket)

By End-Use (Aviation & Aerospace, Energy & Utilities, Fabrication, and Others)

Market, Regional Analysis

North America (US and Canada)

Europe (Germany, UK, France, Italy, Spain, and Rest of Europe)

Asia Pacific (China, India, Japan, South Korea, South East Asia, and Rest of Asia Pacific)

Latin America (Brazil, Mexico, and Rest of Latin America)

Middle East and Africa (GCC Countries, South Africa, and Rest of Middle East and Africa)

Market Key Companies

Bosch Rexroth AG, Hiwin Technologies Corp., Schaeffler Technologies AG & Co. KG, TBI Motion Technology Co. Ltd., NSK Ltd., Svenska Kullagerfabriken AB, THK Co., Ltd., Kuroda Precision Industries Ltd., PMI Group, and Koyo Machinery

Market Competitive Landscape

Market Share Analysis

Competitive Benchmarking

Key Players Market Positioning

Geographical Presence Analysis

Major Strategies Adopted

 

Key Highlights of the report

How are the major segments performing in the ball screw market?

  • In 2022, the rolled segment accounted for the largest share of the market as it has a wide variety of diameters, lengths, and load capacities.
  • In 2022, the segment of industrial robots was anticipated to hold a prominent share in the global ball screw market as it is widely used in automation in various industries.
  • In 2022, the OEM segment held the largest market share owing to the rising demand for ball screws among various manufacturers.
  • In 2022, the aviation & aerospace segment held the largest market share as ball screws are used in manufacturing aircraft flap and braking systems.

Which region dominated the Ball Screw market?

In 2022, the Asia Pacific region was anticipated to hold the largest share of the ball screw market and is anticipated to grow with the fastest CAGR during the forecast period. Growing manufacturing units, especially in countries such as China, Japan, and India, are fuelling the demand for ball screws in this region. Moreover, technological advancements and automation integration are expected to boost the ball screw market growth during the forecast period.

How US Market is Performing in the Ball Screw market?

In 2022, the North American region held a prominent global ball screw market share. The U.S. held the largest share of the North American region owing to the growing demand for industrial robots for various tasks. Moreover, technological advancements and initiatives taken by the government for the development of the aviation & aerospace industry are anticipated to aid the ball screw market. Furthermore, the growing medical industry and increasing use of ball screws for manufacturing various medical equipment are expected to fuel the market growth during the forecast period.

How is the economy impacting the global Ball Screw growth?

Industries are expected to suffer owing to several economic impacts during 2023. Recession and downturn owing to ongoing COVID-19 outbreak in China. The demand for automation is anticipated to accelerate as businesses are trying to streamline workforces to keep their businesses working and competitive edge. However, the cost of various raw materials is expected to rise which in turn affects the product manufacturing cost. Such factors are anticipated to have a negative impact on the market growth during 2023.

What is the competitive environment of the Ball Screw market?

The ball screw industry is fragmented with the presence of various small players that have a regional presence. Manufacturers in the market are adopting various strategies. Product launch is one of the main strategies adopted by the players in the market to strengthen their foothold. For instance, in July 2020, THK Co. Ltd launched two products, LFK-X and LFH-X, in the market. These products help in device miniaturization as they require very compact space. Similarly, in May 2021, Ewellix, formerly SKF Motion Technologies launched a series of high-precision ball screws for automation and other applications in the U.S. These newly launched series of ball screws offer 25% higher speed limits, longer service life, and lower noise levels.

Executive Summary

What are the key trends in the Ball Screw market?

  • Ball screws are used for various applications however, as the demand for medical devices is growing, it is expected to rise demand for ball screws as they are used for manufacturing various medical devices.
  • Increasing demand for the miniaturization of devices and the rising adoption of automation in various industries are expected to create opportunities for the ball screw market during the projected period.
  • Moreover, introducing new precision ball screws that are more advanced and help achieve higher speed and reliability is also expected to bolster the market growth during the forecast period.

How is the demand for medical devices aiding the demand for ball screws in the market?

Changing lifestyle patterns are affecting the health of the population. As urbanization grows, desk jobs increase, leading to global lifestyle changes. Moreover, increasing consumption of packaged foods and lower movement is affecting the health of many globally. Thus, this has led to an increasing prevalence of various chronic diseases. As the prevalence rises, the demand for various medical devices is surging. Ball screws are used in manufacturing various medical devices such as dental milling machines, blood pumping devices, and surgical robots as they require compact space and are highly reliable. Thus, the growing demand for various medical devices is aiding the growth of the ball screw market. Players in the market are launching ball screws that can be used in medical devices.

Which are the key investments by the Ball Screw market players?

Players operating in the ball screw market are focusing on launching new products. As the demand for ball screws is growing in various industrial verticals, manufacturers are rising their manufacturing capabilities and launching new products to meet the demand. Companies in the market are also investing in developing advanced products that help improve reliability, longer product life, and higher speed limits. Thus, such initiatives are expected to aid market growth during the forecast period.

Some major players in the ball screw market are Bosch Rexroth AG, Hiwin Technologies Corp., Schaeffler Technologies AG & Co. KG, TBI Motion Technology Co. Ltd., NSK Ltd., Svenska Kullagerfabriken AB, THK Co., Ltd., Kuroda Precision Industries Ltd., PMI Group, and Koyo Machinery.

What are the Major Driving Factors for the Ball Screw Market?

Ball screws offer several benefits, such as improved load capacity, higher accuracy, higher speed limits, lower friction, and high efficiency. Owing to the benefits of ball screws, the demand for these products is high among various industrial product manufacturing, including semiconductors, aviation and & aerospace, medical device, and industrial robots. Besides these industries, they are also used worldwide in food and beverages, mining, and automotive industries. Government investment in the aviation & aerospace sector is also expected to boost the ball screw market during the forecast period. Higher demand for the miniaturization of devices is also anticipated to fuel the demand for ball screws as they require compact space. Moreover, the growing manufacturing of medical devices is also anticipated to bolster the market growth during the projected period.

What are the Major Risks for the Ball Screw Market?

The availability of alternatives such as lead screws, power screws, and acme screws that offer similar advantages and are available at a similar cost hinders the market growth to a certain extent. Moreover, fluctuating raw material costs of steel and iron also affect the final product manufacturing cost and, in turn, the manufacturer's profit. Thus, such fluctuating prices are restraining market growth.

Which is the key application in the Ball Screw market?

The industrial robots segment held the largest market share in the ball screw market in 2022. As industries are adopting automation for various processes, companies are focused on developing industrial robots that help make regular tasks easier, such as material handling. Industrial robots help in performing more efficiently and faster compared to humans. The changes of error are also lower when industrial robots are used hence the demand for industrial robots is increasing in various end-use industries. Ball screws offer various advantages when manufacturing products, such as higher accuracy, load capacity, speed, and accuracy. Companies in the market are launching ball screws that can be used for manufacturing such devices.

How is the Ball Screw market performing in regions?

Asia Pacific market is anticipated to witness the fastest growth in the global ball screw market during the forecast period. The presence of regional players manufacturing ball screws and the rising use of these ball screws for manufacturing various products such as industrial robots, semiconductors, and medical devices is anticipated to fuel the market growth during the forecast period. Moreover, these ball screws are also used for manufacturing devices used in the automotive. Thus growing demand for automotive vehicles is fuelling the demand for ball screws in this region.

What is the regulatory landscape for the Ball Screw market?

Companies in the market are focused on manufacturing products that meet all regulatory standards. Every region has a different regulatory body that ensures industry standards. For instance, Barnes Industries, Inc. manufactures ball screws that are high quality and meet industry standards such as The American National Standards Institute (ANSI), International Organization for Standardization (ISO), Deutsches Institut für Normung e.V. (DIN), and (Japanese Industrial Standards Committee (JAS), among others.

What is the Market Size of Ball Screw regarding value?

The global ball screw market is anticipated to grow at a substantial CAGR of 7.80% in the upcoming years. The global ball screw market was estimated to be worth USD 19364 million in 2022 and was expected to be worth USD 32758.68 million by 2030.

What are the major players planning for the future of the Ball Screw market?

Companies in the market are focused on launching new products in the market that are advanced and provide various advantages such as higher precisions and speed. They are constantly launching new products in the market. For instance, in April 2022, NSK Ltd. Developed and launched new technology that helps in significantly improve ball screw life in high-load drive applications.

Segmentation of Global Ball Screw Market-

Global Ball Screw Market – By Types

  • Rolled
  • Ground

Global Ball Screw Market – By Application

  • Pipelines
  • PAXWAY
  • Industrial Robotics
  • Others

Global Ball Screw Market – By Sales Channel

  • OEM
  • Aftermarket

Global Ball Screw Market – By End-Use

  • Aviation & Aerospace
  • Energy & Utilities
  • Fabrication
  • Others

Global Ball Screw Market – By Region

  • North America
    • US
    • Canada
  • Europe
    • Germany
    • France
    • UK.
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • South-east Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of Middle East and Africa

Frequently asked questions about the global Ball Screw market

Owing to the onset of COVID-19, the global ball screw market noted a negative market growth in 2020 as the manufacturing units were shut in regions that were manufacturing these products also, the cost of raw materials such as steel was high during the period affecting the market.

Asia Pacific accounted for the largest global ball screw market share.

Increasing use in various industrial verticals owing to the advantage is a major diver of the ball screw market.

The rolled segment had a major share in the global market in 2022.

In 2022, the aviation & aerospace segment had a major share in the global market.

Ball Screw Market Scope

Report Attribute Details
Market Value in 2021 USD 19364 million
Market Value in 2028 USD 32758.68 million
CAGR 7.80%
Benchmarking Year 2021
Past data 2016 – 2021
Forecast period 2022 – 2028
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Trusted By
Godaddy
Published Date:  Jan 2023
Category:  Automation & Process Control
Report ID:   60878
Report Format:   PDF
Pages:   120
Rating:    4.6 (80)
Delivery Time: 24 Hours to 48 Hours   
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