As estimated by the research analysts, the production volume of ball screw was expected to grow from 11,222.5 K units obtained in 2013 to 13,215 K units in 2018.
If raw material prices witness reduction in the near future and more capacity goes into operation, the average price of ball screw could continue to stay on a declining trend. In 2018, it reduced to a US$ 141.5/unit from a US$ 173.7/unit recorded in 2013.
Global Ball Screw Market: Drivers
The global ball screw market is prophesied to expand on the back of the increase in industrial activities and use of complex machinery. Growing application of ball screw in different industries could be one powerful factor augmenting the development of the market. Improving use of industrial robotics and high implementation of industrial automation are projected to set the tone for valuable growth of the global ball screw market.
Other factors such as new technological innovations, increase in automation, and robust growth of the oil and gas industry could create profit-making opportunities in the global ball screw market. Ball screw finds key application in fabrication, energy and utilities, and aviation industries.
High use of ball screw in cutting-edge technology products, control systems for chemical plant piping, aircraft flaps, and aircraft passenger boarding bridge is anticipated to push the demand in the market. The demand could also increase due to the rising uptake of ball screw because of its impressive mechanical efficiency to change circular motion into linear motion with low friction.
Global Ball Screw Market: Forecast by Type
By type, the global ball screw market is bifurcated into rolled and ground segments.
Global Ball Screw Market: Forecast by Application
By application, the global ball screw market sees a classification into machine tools and injection molding machines, semiconductor and LCD production equipment, and others.
Global Ball Screw Market: Forecast by Region
Ball screw manufacturers operating outside China are surveyed to offer high-quality products in the market. These overseas manufacturers are mainly based in Italy, the U.S., Germany, and Japan. China witnesses the presence of some manufacturers that provide counterfeit products in the market. There are also manufacturers operating in the country-wise market that offer poor quality and low price products.
Nevertheless, China is still a key producer of ball screw, besides the U.S., Europe, Taiwan, and Japan.
Global Ball Screw Market: Key Players
The global ball screw market includes leading producers such as Bosch Rexroth, SKF, HIWIN, THK, and NSK. According to the report, NSK is the largest supplier of ball screw in the world, although there are other top players operating in the market that leverage their wide supply capability and use of high-end technology.
In 2017, close to a 57.4% share of the global ball screw market was accounted by the top 10 players.
Full Report Overview@https://www.qyresearch.com/index/detail/438821/global-ball-screw-market