Global Precision Ball Screw Market Size, Share & Trends Analysis Report By Type (Ground, and Rolled), By Application, By Sales Channel, By Regional Outlook and Forecast, 2024 - 2031

Global Precision Ball Screw Market Size, Share & Trends Analysis Report By Type (Ground, and Rolled), By Application, By Sales Channel, By Regional Outlook and Forecast, 2024 - 2031

The Global Precision Ball Screw Market size is expected to reach $2.7 billion by 2031, rising at a market growth of 5.3% CAGR during the forecast period. In the year 2023, the market attained a volume of 2,748.6 thousand units, experiencing a growth of 5.3% (2020-2023).

Rapid industrialization, technological advancements, and a growing demand for automation across various industries in the Asia Pacific region characterize the market. Thus, the Asia pacific region acquired 49.1% revenue share in the market 2023. In terms of volume the Asia pacific region captured a volume of 6,569.0 thousand units in the market 2023.

Precision ball screws are known for their high efficiency in converting rotary motion into linear motion, resulting in reduced energy consumption compared to alternative motion control solutions such as hydraulic or pneumatic systems.

Additionally, Precision ball screws are used in medical imaging equipment such as MRI machines, CT scanners, and X-ray machines. These devices require precise and smooth movement to position imaging components accurately. Any disruption or malfunction in this can affect the quality of medical images, diagnosis, and patient care. Thus, the expansion of electric vehicles (EVs) and automation led to the expansion of the market.

However, Precision ball screws require high-quality materials to ensure durability, accuracy, and performance. The materials used, such as hardened steel or stainless steel for the screw shaft and precision-ground ball bearings, can be expensive, contributing to the overall cost of the component. Therefore, the increasing adoption of alternative technologies is obstructing the growth of the market.

By Type Analysis

Based on type, the market is characterized by ground and rolled. The ground segment garnered 71.4% revenue share in the market in 2023. In terms of volume, the ground segment attained a volume of 8,775.2 thousand units in the market 2023.

By Application Analysis

By application, the market is fragmented into sеmісоnduсtоr mаnufасturіng equірmеnt, mеdісаl equірmеnt, lаbоrаtоrу equірmеnt, and others. In 2023, the mеdісаl equірmеnt segment acquired 27.3% revenue share in the market. In terms of volume, the medical equipment segment attained a volume of 2,750.0 thousand units in the market 2021.

By Sales Channel Analysis

On the basis of sales channel, the market is classified into offline and online. The offline segment recorded 86% revenue share in the market in 2023. For specialized and low-volume production needs, the offline segment remains relevant.

By Regional Analysis

Region-wise, the market is analyzed across North America, Europe, Asia Pacific, and LAMEA. The North America segment held 25.1% revenue share in the market in 2023. In terms of volume, the North America region attained a volume of 3,007.3 thousand units in the market 2023.

List of Key Companies Profiled

• Bosch Rexroth AG (Robert Bosch GmbH)
• Nidec Corporation
• Schaeffler AG
• Rockford Systems, LLC
• Danaher Corporation
• ThyssenKrupp AG
• Hiwin Corporation
• Barnes Industries Inc.
• Koyo Machinery U.S.A., Inc. (JTEKT Machine Systems Corporation.)
• SKF Group

Global Precision Ball Screw Market Report Segmentation

By Type (Volume, Thousand Units, USD Billion, 2020-2031)

• Ground
• Rolled

By Application (Volume, Thousand Units, USD Billion, 2020-2031)

• Ѕеmісоnduсtоr Маnufасturіng Еquірmеnt
• Меdісаl Еquірmеnt
• Lаbоrаtоrу Еquірmеnt
• Others

By Sales Channel (Volume, Thousand Units, USD Billion, 2020-2031)

• Offline
• Online

By Geography (Volume, Thousand Units, USD Billion, 2020-2031)

• North America
• US
• Canada
• Mexico
• Rest of North America
• Europe
• Germany
• UK
• France
• Russia
• Spain
• Italy
• Rest of Europe
• Asia Pacific
• China
• Japan
• India
• South Korea
• Singapore
• Malaysia
• Rest of Asia Pacific
• LAMEA
• Brazil
• Argentina
• UAE
• Saudi Arabia
• South Africa
• Nigeria
• Rest of LAMEA