According to the latest report by IMARC Group, titled “Global Precision Ball Screw Market Share, Size, Industry Trends, Growth, Opportunity and Forecast 2022-2027“, the global precision ball screw market reached a value of US$ 1.41 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 1.92 Billion by 2027, exhibiting a CAGR of 5.20% during 2022-2027.
Precision ball screws are rotary-to-linear devices that convert movement with less friction. They contain long-threaded shafts with ball bearings to withstand pressure and weight while providing a rolling surface. These devices also offer various benefits such as high efficiency, positioning accuracy, enhanced load capacities, and less friction. As a result, precision ball screws are extensively utilized in robotics, aviation and aerospace, medical diagnostic equipment, food and beverages (F&B), retail, energy and mining, and automotive industries across the globe.
|Precision Ball Screw Market Report Scope|
|Market size value in 2021||US$ 1.41 Billion|
|Market forecast in 2027||US$ 1.92 Billion|
|Growth Rate||CAGR of 5.20% from 2022 to 2027|
|Base year for estimation||2021|
Precision Ball Screw Market Trends and Drivers:
The market is primarily driven by the escalating demand for diagnostics equipment that requires precisely controlled movements for efficient operations. In addition, the rising product adoption in dental milling machines, robotic endoscopy equipment, and surgical robots is contributing to the market growth.
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Besides this, the leading market players are introducing advanced precision ball screws to achieve higher speed limits, extend machine reliability, and lower noise emissions in vehicles.
This, coupled with the increasing investments in the semiconductor industries by governments of numerous countries, is creating a positive market outlook across the globe.
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global Precision Ball Screw Market 2022-2027 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Hiwin Corporation, Koyo Machinery USA Inc., KSS Co. Ltd., KURODA Precision Industries Ltd., Nidec Corporation, NSK Ltd., PMI Group (Precision Motion Industries Inc.), Robert Bosch GmbH, TBI Motion Technology Co. Ltd., THK Co. Ltd. and Tsubaki Nakashima Co. Ltd.
The report has segmented the market on the basis of region, type and application.
Breakup by Type:
- Ground Precision Ball Screw
- Rolled Precision Ball Screw
Breakup by Application:
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan,India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France,United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
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