The Ball And Roller Screws Market is being driven by Growing automotive sector
The Ball And Roller Screws Market is expected to grow at a CAGR of 6.5% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 2477.6 million. The global ball and roller screws market is experiencing noteworthy progression due to the launch of innovative products that augment performance and efficiency in industrial applications. NSK Ltd., a leading industry player, recently introduced the MT-Frix, a low-friction ball screw, on October 4, 2024. This groundbreaking product boasts optimized internal specifications, engineered using NSK's advanced analytical technology, which significantly decreases dynamic friction torque and heat generation by up to 40%. The MT-Frix ensures nut rigidity while reducing friction torque by approximately 50%, leading to enhanced machine tool productivity and precision.
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Which Factors Are Causing a Surge in Market Growth?
The market is segmented based on
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
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Market Scope in Ball And Roller Screws Market Research Report
Market Scope |
|
Report Coverage |
Details |
Page number |
203 |
Base year |
2024 |
Historic period |
2019-2023 |
Forecast period |
2025-2029 |
Growth momentum & CAGR |
Accelerate at a CAGR of 6.5% |
Market growth 2025-2029 |
USD 2477.6 million |
Market structure |
Fragmented |
YoY growth 2024-2025(%) |
5.1 |
Key countries |
China, US, Japan, South Korea, India, Germany, UK, Italy, France, and Brazil |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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The Ball and Roller Screws Market encompasses the production and supply of high-precision linear motion components, including ball screws and roller screws, used in various industries. These screws are integral to electric vehicles, automation, and precision machinery, offering durability, mechanical efficiency, and reliability. Quality control is paramount to ensure long service life, resistance to corrosion and wear, and adherence to industry standards. Advanced manufacturing technologies, sensors, and predictive maintenance contribute to green manufacturing and Industry 4.0 integration. Applications span from defense equipment and aerospace to linear motion systems in extreme conditions, requiring high-performance and sustainable solutions. Robust design, accuracy, energy efficiency, and strength are essential for motion control in various industries, adhering to environmental regulations and sustainability goals.
The Ball and Roller Screws market is a significant segment of the larger industrial machinery and supplies and components market, encompassing businesses specializing in the production of ball and roller screws. These components are integral to various industries, including industrial robotics, military equipment, and sustainable manufacturing. Technavio's market analysis calculates the industrial machinery and supplies and components market size based on the combined revenue generated by machinery and component manufacturers supplying to industrial applications. Key growth drivers for this market include the increasing demand for carbon footprint reduction in manufacturing processes, the need for mechanical design optimization for enhanced wear resistance, and maintenance optimization in industrial settings. The expanding industrial output in process and discrete industries, particularly in developing countries, fuels the demand for energy, chemicals and petrochemicals, pulp and paper products, and processed food and beverages, consequently driving market growth. Robust design and the integration of ball and roller screws in industrial robotics further boost market potential.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
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