Direct Drive Spindle Market Scope
Direct drive spindle is defined as the shaft which holds rotating hard disk drive platters in place. It provides accurate rotational accuracy with high rigidity and it allows for a large load capacity with advanced performance. Aerospace, construction, mold, cabling, winding, plastics, stone cutting and automotive are some of the major application of direct drive spindle market. There are various advantages of using direct drive spindle products such as high-speed designs, custom spindle designs, motor drive packages, drop-in replacement spindles for popular machines and others. Increasing usage of direct drive spindle products in various industries such as Automotive, Aerospace, and others, are some of the major drivers which are propelling the growth of the market.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Kessler Group (United States), HSD SpA (Italy), Step-Tec (Switzerland), Fischer Precise (United States), Siemens AG (Germany), IBAG Group (Switzerland), Guangzhou Haozhi (China), GMN Paul Müller Industrie GmbH & Co. KG (Germany), Westwind Air Bearings., Ltd. (United Kingdom), Air Bearing, (United Kingdom) and Nakanishi (Japan) |
CAGR | % |
The direct-drive spindle market is highly fragmented in nature with a large number of international as well as regional players operating in the market. Some of the major players which are operating in the market are Kessler Group (United States), HSD SpA (Italy), Step-Tec (Switzerland), among others. Research Analyst at AMA estimates that Europe Vendors will contribute to the maximum growth of Global Direct Drive Spindle market throughout the predicted period.
Kessler Group (United States), HSD SpA (Italy), Step-Tec (Switzerland), Fischer Precise (United States), Siemens AG (Germany), IBAG Group (Switzerland), Guangzhou Haozhi (China), GMN Paul Müller Industrie GmbH & Co. KG (Germany), Westwind Air Bearings., Ltd. (United Kingdom), Air Bearing, (United Kingdom) and Nakanishi (Japan) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Nakanishi (Japan), Zimmer Group (Germany) and SycoTec GmbH & Co.KG (Germany).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Direct Drive Spindle market by Type , by Application (Indirect Sales and Direct Sales) and Region with country level break-up.
On the basis of geography, the market of Direct Drive Spindle 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).
region held largest market share in the year 2022.
Market Leaders and their expansionary development strategies
In February 2023, LMW impresses with new machines at IMTEX 2023. The journey of LMW was flagged off 1962 to provide Indian textile mills with the latest spinning technologies. LMW is a leading textile machine manufacturer in India and one among the three in the world to produce the entire range of textile spinning machinery. LMW’s foundry makes precision castings for industries worldwide. The company has added an advanced technology centre to manufacture components for the aerospace industry.
In June 2023, Pemamek has a launched groundbreaking line of milling solutions. Designed to meet the specific needs of the wind energy sector, this innovative family of milling equipment offers advanced solutions for longitudinal, circumferential, and edge beveling processes. Furthermore, these state-of-the-art milling solutions are also suitable for the process industry, including pressure vessel manufacturing.
Influencing Trend:
Technology Advancement in Direct Drive Spindle Products
Market Growth Drivers:
Increasing Usage of Direct Drive Spindle in the Aerospace Industry and Rapid Growth in the Automation Industry across the World
Challenges:
High Price of Direct Drive Spindle Products
Restraints:
Lack of Skilled Workforce and Trained Workers
Opportunities:
Rising Demand from Emerging Economics Such As India, China and Others
Key Target Audience
Direct Drive Spindle Manufacturers, Research and Development (R&D) Companies, Downstream Vendors, Research Organization, Federal Agencies and Others