About Ball Screw
The Screw jack is a mechanical device that used for industrial machinery for varied applications such as tipping, lifting, lowering or moving. A ball screw is a type of screw jack, the motion-transfer device in the family of power-transmission screws. It serves the most critical and one of its kind purpose of converting rotatory motion into linear motion required in various operations. Ball screws consist of a screw, nut, and balls that operate similarly to bearing components.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Ball Screw market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
NSK (Japan), THK (Japan), HIWIN (Taiwan), SKF (Sweden), Bosch Rexroth (Germany), TBI Motion (Taiwan), Schaeffler (Germany), Danaher Motion (United States), KSS (Japan), ISSOKU (Japan), Nidec Sankyo (Japan), Tianan Group (China), OZAK (Japan) and Tsubaki (Japan) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are JSCTG, NTN, TRCD, Haosen Screws, Northwest Machine, Hanjiang Machine Tool, DLY, Sanding and Youyi.
Segmentation Overview
AMA Research has segmented the market of Global Ball Screw market by Type (Ground and Rolled), Application (Semiconductor and LCD Production Equipment, Machine Tools and Injection Molding Machines, Semiconductor Manufacturing Equipment and Laboratory Equipment) and Region.
On the basis of geography, the market of Ball Screw has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Sales Channel, the sub-segment i.e. OEM will boost the Ball Screw market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Aviation will boost the Ball Screw market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Growth Drivers:
Rapid Demand for Industrial Activities such as Lifting, Tipping, and Others and Increasing Construction and Mining Activities
Challenges:
Stiff Competition Between The Major Players and Availability of Substitutes
Restraints:
High Price of Ball Screw
Opportunities:
Technological Advancements in Automation Leads to Boost the Ball Screw Market
Market Leaders and their expansionary development strategies
In March 2021, UmbraGroup S.p.A., the world leader in the manufacture of high-tech recirculating ball screws, has acquired US-based Thomson Aerospace & Defense from Meggitt PLC. The acquisition expands the growth of company.
In May 2021, Ewellix, formerly SKF Motion Technologies, has launched a new smooth running, high precision large ball screw range for automation and high duty applications that will extend machine reliability and increase service life, while achieving 25% higher speed limits and low noise levels. The large SP ball screws are the latest update to Ewellix’s product line and are being launched first in the US where precision ball screws are the preferred choice for automation equipment and machine tool manufacturers.
Key Target Audience
Ball Screw Manufacturer, Ball Screw Raw Material Suppliers, Government and Regulatory Bodies, Research Institutes and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.