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How large is the precision ball screw market, and what is its growth trajectory?
The precision ball screw market size has grown strongly in recent years. It will grow from $1.76 billion in 2024 to $1.88 billion in 2025 at a compound annual growth rate (CAGR) of 6.6%. The growth in the historic period can be attributed to the expansion of the robotics industry, growth in electric vehicle manufacturing, increasing adoption of automation in various sectors, rising demand for high-precision surgical equipment, and the growth in the aviation and aerospace industries.
The precision ball screw market size is expected to see strong growth in the next few years. It will grow to $2.39 billion in 2029 at a compound annual growth rate (CAGR) of 6.2%. The growth in the forecast period can be attributed to increasing demand in the semiconductor and aerospace industries, the growth of the medical device sector, the rising need for high-precision machinery, the expansion of robotics applications, and a growing focus on energy efficiency in industrial processes. Major trends in the forecast period include advancements in electric and hybrid vehicles, advancements in 3D printing, the emergence of smart manufacturing, the development of custom-designed solutions, and technological advancements and innovations in precision ball screws.
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What are the key forces behind the precision ball screw market’s growth in recent years?
The increasing automation in the manufacturing sector is expected to propel the growth of the precision ball screw market going forward. The manufacturing sector is a segment of the economy that involves the production of goods through transforming raw materials into finished products. The increase in automation in the manufacturing sector is due to improved efficiency and productivity, cost reduction, enhanced precision and quality, workplace safety, and demand for customization. Precision ball screws are crucial for automation and advanced manufacturing technologies as they provide high accuracy and repeatability in motion control, enhancing the precision and efficiency of automated systems and machinery. For instance, in June 2023, according to a report published by the International Trade Administration (ITA), a US-based government agency, in 2022, Japanese manufacturers set a record with $7.35 billion in orders for industrial robots, a 1.6% increase from the previous year, while production grew by 5.6%, and by 2021, there were 631 robots per 10,000 workers in Japan’s manufacturing sector. Therefore, increasing automation in the manufacturing sector is driving the growth of the precision ball screw market.
What are the major segments of the precision ball screw market?
The precision ball screw market covered in this report is segmented –
1) By Type: Ground; Rolled
2) By Raw Material: Alloy Steel; Stainless Steel
3) By Sales Channel: Offline; Online
4) By Application: ??m???ndu?t?r ??nuf??tur?ng ?qu??m?nt; ??d???l ?qu??m?nt; L?b?r?t?r? ?qu??m?nt; Other Applications
Subsegments:
1) By Ground Ball Screws: Precision Ground Ball Screws; High-Lead Ground Ball Screws; Anti-Backlash Ground Ball Screws; Single Start Ground Ball Screws; Multi-Start Ground Ball Screws; High-Speed Ground Ball Screws
2) By Rolled Ball Screws: Standard Rolled Ball Screws; Precision Rolled Ball Screws; High-Lead Rolled Ball Screws; Self-Lubricating Rolled Ball Screws; High-Load Capacity Rolled Ball Screws; Miniature Rolled Ball Screws
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Which companies dominate the precision ball screw market?
Major companies operating in the precision ball screw market areNidec Corporation, Schaeffler AG, Parker Hannifin Corporation, JTEKT Corporation, AB SKF, NSK Ltd., Bosch Rexroth AG, THK Co. Ltd., Barnes Industries Inc., HIWIN Technologies Corp., PMI Group Inc., Tsubaki Nakashima Co. Ltd., Schneeberger Holding AG, Kuroda Precision Industries Ltd., TBI Motion Technology Co. Ltd., Nook Industries Inc., Power Systems Research Inc., HepcoMotion Ltd., Rollvis SA, Delta Electronics, Nippon Bearing Co. Ltd., Linear Motion Technology AG
Which key trends are expected to influence the precision ball screw market in the coming years?
Major companies in the precision ball screw market are focusing on developing innovative products such as servo controller compensation and NSK Real Digital Twin Simulation. Servo Controller Compensation utilizes software algorithms in servo control systems to adjust the movement of machine tools in real time, enhancing precision and performance. NSK Real Digital Twin Simulation creates a digital representation of physical systems, enabling engineers to analyze and optimize designs effectively. For instance, in October 2022, NSK Ltd., a Japan-based motion and control solutions company, launched new ball screws to improve the surface finish quality of high-precision machine tools, particularly in die and mold machining applications. These ball screws are engineered to minimize motion errors, enhancing productivity and reducing or eliminating the need for burnishing or polishing processes. The product will be featured at the JIMTOF 2022 trade fair, with order taking set to commence in select regions.
What are the key regional dynamics of the precision ball screw market, and which region leads in market share?
Asia-Pacific was the largest region in the precision ball screw market in 2024. The regions covered in the precision ball screw market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Does The Precision Ball Screw Market Report 2025 Offer?
The precision ball screw market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
A precision ball screw is a device that converts rotary motion into linear motion with high accuracy and efficiency using recirculating ball bearings between the screw and nut. It is commonly used in applications that require high accuracy and repeatability, such as computer numerical control (CNC) machines, robotics, and aerospace components.
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