Precision Ball Screws Market report offers an overall scope of the market which includes future supply and demand scenarios, changing market trends, high growth opportunities, and in-depth analysis of the future prospects of the market. The report discusses the competitive data analysis of emerging and leading market players. Further, it offers comprehensive data analysis on risk factors, challenges, and possible new routes in the market.
The report has been prepared using a solid research methodology to cover the market in detail. In order to publish a premium Precision Ball Screws market report, the market report has been subjected to extensive primary and secondary research. The dedicated research team conducted interviews with delegated industry experts to gain a comprehensive overview of the market. This market research report covers product price drivers, revenue drivers, and growth. Additionally, it can potentially help new entrants and even existing industry players develop a strategic business strategy for their products.
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global precision ball screw market size was valued at $1,571.0 million in 2019, and is projected to reach $2,043.9 million by 2027, registering a CAGR of 5.1% from 2020 to 2027. The main objective of this report is to provide updated information on the Precision Ball Screws market and to identify all opportunities for market expansion. The report provides an in-depth study of industry size, inventory, demand & supply analysis, sales volume, and value analysis of various companies as well as segmentation analysis with respect to key regions. This information helps business planners to conduct, analyze, or study the market at a minuscule level. Besides studying the historical phase of the market, the report also analyzes the current status of the Precision Ball Screws market for a reliable and accurate estimation of trends, consumption, sales, and profitability.
precision ball screw market has witnessed significant growth over the past decade, owing to rapid industrialization in developing countries, increase in spending on medical devices and equipment, and investments in semiconductor and aerospace industries. A number of players are expanding their business to strengthen their foothold in the global market. By type, the ground segment dominated the precision ball screw market in 2019, in terms of revenue. This is attributed to the fact that demand for precision ball screw is increasing, owing to rise in adoption of robotics in medical diagnostic equipment and semiconductor manufacturing industry. Depending on application, the semiconductor segment is expected to grow at the highest CAGR during the forecast period, owing to rise in investments in semiconductor industries across the globe
The Top Driving Players Operating in the Market Covered in this report:
Barnes Industries Inc., Bosch Rexroth, Hiwin Corporation, Koyo Machinery, Kuroda Precision Industries, Nidec Corporation, PMI Group, Schaeffler AG, SKF, and THK Co. Ltd.
Precision Ball Screws Market Competitive Analysis
The Competitive Analysis chapter of the report highlights key developments of the major players in the Precision Ball Screws market. The report provides insights into the most recent mergers, acquisitions, partnerships, and other strategic alliances in the Precision Ball Screws market. In addition, each company’s pricing, sales, advertising, and marketing strategies are included in the report.
The key players operating in the global precision ball screw market have adopted product launch and acquisition as their key developmental strategies to strengthen their foothold in the global market. For instance, in November 2019, THK Co. Ltd. has launched new ball screws under N Series. These ball screws have hollow shaft which allows forced cooling of ball screw and hence increase its working life.
The outbreak of COVID-19 has a negative impact on the manufacturing and production of precision ball screws in the first and second quarter of 2020, and is likely to hamper the growth throughout the year. This has further affected the demand for precision from developing countries, including India, China, and others; thereby, halting the production activities. In addition, the disruption of supply chains is causing hindrance in manufacturing of the precision ball screw around the globe.
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