Global Automotive Precision Ball Screw Market Growth 2023-2029

Global Automotive Precision Ball Screw Market Growth 2023-2029

In the transmission industry, the ball screw is an indispensable key mechanical component.It is the most commonly used transmission element in tool machinery and precision machinery. Its main function is to convert rotary motion into linear motion. Because of its small frictional resistance, ball screws are widely used in various industrial equipment and precision instruments. When used with a motor, the efficiency of the ball screw is as high as 90%.
LPI (LP Information)' newest research report, the “Automotive Precision Ball Screw Industry Forecast” looks at past sales and reviews total world Automotive Precision Ball Screw sales in 2022, providing a comprehensive analysis by region and market sector of projected Automotive Precision Ball Screw sales for 2023 through 2029. With Automotive Precision Ball Screw sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Automotive Precision Ball Screw industry.
This Insight Report provides a comprehensive analysis of the global Automotive Precision Ball Screw landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Automotive Precision Ball Screw portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Automotive Precision Ball Screw market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Automotive Precision Ball Screw and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Automotive Precision Ball Screw.
The global Automotive Precision Ball Screw market size is projected to grow from US$ 305.7 million in 2022 to US$ 383.2 million in 2029; it is expected to grow at a CAGR of 383.2 from 2023 to 2029.
The main manufacturers of Automotive Precision Ball Screw are JTEKT, Bosch Rexroth and Hiwin, etc. The top five manufacturers account for about 70% of the share. China is the largest market with about 40% share, followed by Japan and Europe with more than 25% and 15% share. External Ball Screw is the largest segment with about 85% share. Passenger Cars is the largest app with around 90% share.
This report presents a comprehensive overview, market shares, and growth opportunities of Automotive Precision Ball Screw market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
External Ball Screw
Internal Ball Screw
Segmentation by application
Passenger Cars
Commercial Vehicle
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
THK
Hiwin
Kuroda
Bosch Rexroth
Thyssenkrupp
JTEKT
NSK
Key Questions Addressed in this Report
What is the 10-year outlook for the global Automotive Precision Ball Screw market?
What factors are driving Automotive Precision Ball Screw market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Automotive Precision Ball Screw market opportunities vary by end market size?
How does Automotive Precision Ball Screw break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.