Global Ball Screw Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Ball Screw Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Ball screw is a mechanical linear actuator, which consists of a screw shaft and a nut, and the nut contains balls rolling between its matched spiral grooves. The main function of ball screw is to convert rotary motion into linear motion. Ball nuts are used to transmit forces to static or dynamic loads with high accuracy, precision, and repeatability. The unique element of the ball screw is the ball in the spiral groove, which reduces the mechanical contact inside the screw assembly and replaces the sliding friction with rolling friction. This mechanism greatly reduces the friction generated, thus realizing efficient power conversion. The efficiency of screws is measured by their ability to convert the energy used to apply the rotating force into the linear distance covered.

Market Overview:

The latest research study on the global Ball Screw market finds that the global Ball Screw market reached a value of USD 1841.0 million in 2022. It’s expected that the market will achieve USD 3082.45 million by 2028, exhibiting a CAGR of 8.97% during the forecast period.

Opportunities and Drivers

With the rapid development of economy, the industry and manufacturing industry in China have developed rapidly. The production units of Ball Screw products in China are widely distributed, all regions can design and produce, and the scale of enterprises is mostly small. There are quite a few enterprises that have passed ISO quality management system certification. At present, Ball Screw are becoming more and more mature in technology, and the prices of products are highly competitive in the market. With the proposal of Industry 4.0 and Made in China 2025 , the manufacturing industry has entered a new ecological environment.

With the rapid development of various industries in Europe and North America, the Ball Screw industry is supported by strong economy and technology. Some large Ball Screw enterprises are located in Europe and North America. These enterprises have certain brand influence and occupy a large market share. These factors will provide opportunities for the expansion of the Ball Screw market in Europe and North America.

With the rapid development of e-commerce industry, many industries have developed the synchronous operation mode of online websites and offline stores, and Ball Screw industry have joined in. Online sales websites reduce many business components, including employees, procurement costs, telephone calls, data input, and requirements for opening physical stores, thus reducing transaction costs; Business management becomes easier: compared with traditional physical store management, online sales websites are easier to record store inventory, transportation, logs and overall business transactions. Online sales website also provides real-time update function, which can explore all the latest business trends, communicate with customers in time, solve problems and improve customer satisfaction. Many dealers choose to receive goods online, and orders can be tracked and managed online. The convenience of Internet and the development of e-commerce have promoted the demand growth of Ball Screw industry.

Region Overview:

Asia Pacific had the highest growth rate of all regions.

Company Overview:

THK is one of the major players operating in the Ball Screw market, holding a share of 17.25% in 2022.

THK's creative conception and unique technology make it a pioneer in developing linear motion (LM) guideway mechanism worldwide. Nowadays, its LM guide rail equipment has become an indispensable component in mechanical and electronic systems of various industries.

THK has also developed many other unique mechanical components, including ball spline, ball screw and connecting rod ball, which are manufactured by THK and supplied to customers all over the world.

NSK was founded in 1916 and produced the first ball bearings made in Japan. Since then, the company has spearheaded the development of bearings in Japan. NSK now offers a full range of bearings and sells them worldwide. NSK bearings have contributed greatly to the growth of many industries and to the advancement of mechanical technology. Now, the company has the largest share of the bearings market in Japan and is one of the largest bearing suppliers in the world.

NSK has used its expertise in precision machining technology, refined through years of bearing manufacturing, to diversify into: automotive products, precision machinery and parts, mechatronic products. By further harnessing the potential of its global network, NSK strives to further enhance its R&D, Manufacturing, Sales and Management capabilities.

Segmentation Overview:

Among different product types, Rolled segment is anticipated to contribute the largest market share in 2027.

Ground ball screws, which boast extremely high levels of precision, are made in three steps: machining to gross shape, case hardening, and grinding. This grinding takes place on rapidly spinning machines that are coated with abrasive materials. This treatment bestows upon the finished ground screws the ability to withstand temperatures that would normally distort their shape and mar their efficiency. Ground ball screws are best for applications that require not only high precision, but high stiffness.

Rolled ball screws are named as such because, beginning as blank metal workpieces, they are formed through cold screw rolling. These cold rolled ball screws offer the advantage of a positional precision of several thousandths of an inch per foot.

Application Overview:

By application, the Aviation segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Ball Screw market covered in Chapter 3:

Ewellix
Nidec Sankyo
ISSOKU
Schaeffler
Yigong
KSS
Danaher Motion
TBI Motion
NSK
Kuroda
Bosch Rexroth
PMI
THK
HIWIN

In Chapter 4 and Chapter 14.2, on the basis of types, the Ball Screw market from 2018 to 2029 is primarily split into:

Rolled
Ground

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Ball Screw market from 2018 to 2029 covers:

Aviation
Energy & Utilities
Fabrication
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)