PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1401949
PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1401949
According to Stratistics MRC, the Global Low-noise Ball Screw Market is accounted for $1894.73 million in 2023 and is expected to reach $3082.55 million by 2030 growing at a CAGR of 7.2% during the forecast period. A precision mechanical part called a low-noise ball screw reduces noise during operation while still enabling effective linear motion. It is made up of a threaded shaft (screw) with ball bearings in its helical groove for precise, friction-free movement. To reduce vibration and noise during operation, this specialized ball screw is engineered with features like enhanced threading profiles, cutting-edge materials, and creative designs.
According to Linear Motions Tips, ball screw efficiency is almost always 90 percent or better, while lead screw efficiency usually is below 50 percent. Ball screws, as the name implies, employ a ball bearing that runs along the length of the screw.
Increased industry automation
The growing trend of automation, especially in the manufacturing and automotive industries, calls for precise and silent motion control systems. Because low-noise ball screws reduce noise and improve motion control, they improve automated systems' performance. Moreover, this is critical in sectors where increasing production consistency and efficiency requires the integration of robotics and automation.
Complexity of technologies
Advanced engineering knowledge and technologies are frequently required for the design and manufacture of low-noise ball screws. The manufacturing process may become more complex as sophisticated features like complex sealing mechanisms and specialized materials are integrated. Additionally, this complexity may make it difficult for businesses to maintain, repair, and scale production-especially for those with limited technical resources.
Increasing automation in industry
Low-noise ball screws have a great chance to be adopted because of the continuous trend toward industrial automation. Low-noise ball screws are a critical component of advanced automation systems as industries continue to automate processes for greater productivity and efficiency. Furthermore, this is due to the growing demand for motion control components that operate quietly.
Strong market rivalry
Ball screws are part of the very competitive market for motion control components. For producers of low-noise ball screws, fierce competition may mean lower profit margins and pricing pressure. Moreover, to maintain market share, businesses must differentiate their products and highlight special features in order to survive in this cutthroat environment.
The market for low-noise ball screws was severely impacted by the COVID-19 pandemic because of widespread lockdowns, hiccups in the supply chain, and a reduction in industrial activity, which caused variations in demand and production delays. A cautious approach to capital expenditure was prompted by the challenges industries faced in sourcing materials and components. Additionally, there was a rise in demand for precision components in certain sectors, but lockdown-affected sectors, in particular, reduced their investment in this area. In some industries, the pandemic has hastened the digitization process, which has created opportunities for the integration of sophisticated motion control systems.
The Ball Bearing segment is expected to be the largest during the forecast period
Due to the fact that ball bearings are used in so many different industries, they usually hold the largest share of the market. Ball bearings are essential parts of everything from industrial machinery to automotive systems because they lower friction and increase the efficiency of rotating mechanisms. Furthermore, ball bearings are in high demand because of their durability, high load-carrying capacity, and ability to promote smooth motion. Ball bearings are essential to the accurate and effective operation of machinery in a variety of industries, including manufacturing, aerospace, and automotive.
The Semiconductor & Electronics segment is expected to have the highest CAGR during the forecast period
In the market for motion control components, the semiconductor and electronics segment is anticipated to grow at the highest CAGR. The electronics industry's unrelenting pace of technological advancements is driving this growth and driving up demand for precision manufacturing equipment. Motion control components are crucial to robotic systems, automated assembly lines, and semiconductor manufacturing processes. Moreover, the semiconductor and electronics segment continues to be a major force behind innovation and growth in the motion control component market as the demand for more compact, high-performing electronic devices grows.
It is projected that the Asia-Pacific region will hold the largest market share for low-noise ball screws. Prominent for its resilient and swiftly expanding manufacturing industry, nations like China, Japan, South Korea, and Taiwan play a major role in the region's supremacy. Additionally, the ubiquity of important sectors such as aerospace, electronics, and automotive has sustained demand for motion control components. Due to its leadership in industrialization, significant investments in automation, and technological advancements, Asia-Pacific is positioned to be a major market driver for motion control components.
The European region is projected to have the highest CAGR. The consistent uptake of motion control technologies has been facilitated by the European industrial landscape, which is marked by sophisticated manufacturing capabilities, a strong focus on precision engineering, and a healthy automotive sector. Furthermore, renowned for their engineering prowess, nations such as Germany have played a key role in propelling innovation in motion control componentry.
Some of the key players in Low-noise Ball Screw market include NSK Ltd., THK Co., Ltd., Bosch Rexroth AG, Schaeffler Group, Nippon Bearing Co., Ltd., Nexen Group, Inc., HIWIN Corporation, The Federal Group USA, Roton Products, Inc. and Kimmy Bearings Co., Ltd.
In August 2023, Schaeffler India Ltd acquired KRSV Innovative Auto Solutions Pvt Ltd, an automotive aftermarket spare parts platform, for Rs 142.4 crore. Bengaluru-based KRSV Innovative Auto Solutions, which operates under the brand Koovers, offers spare parts solutions to Indian aftermarket workshops via a B-to-B e-commerce platform.
In February 2023, Bosch Rexroth completed its acquisition of HydraForce upon receiving approval from antitrust authorities. HydraForce will join Bosch Rexroth's Compact Hydraulics portfolio, helping to further expand the business unit's product offering and customer support.