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Ball Screw Market Segmented By applications such as Pipelines, PAXWAY and Industrial Robotics with its sales channel such as OEM and Aftermarket
A screw can be described as an inclined plane around a cylinder made of various material. Screw is a cylinder with a head (solid top) at one end and a pointed tip (like a nail) at the other end. More importantly, it has ridges winding around it. The ridges or grooves around the shaft or cylinder is the thread. Ball screw is one of such type screw utilized for specific industrial purposes.
Ball screw serves the most critical and one of its kind purpose of converting rotatory motion into linear bearings required in various operations. Ball screw assembly consists of a ball screw and a ball nut as an assembly with recirculating ball bearings.
The interface between the ball screw and the nut is made by ball bearings which roll in matching ball forms. The ball nut and ball bearing determines the load and life of the ball screw assembly. With expansion of various industries and rise in complex machines as well as industrial operations it can be anticipated that ball screw market will grow over the forecast period with a significant growth over the forecast tenure
Ball screw are primarily used in cutting edge technology products. Ball screw has an extensive usage in airplane flaps. Further ball screw are also used in other operations such as aircraft passenger service units, PAXWAY, at airports, in control system for chemical plant piping, in control system for control rods used in nuclear power plants and a pressure tube inspection system.
Aforementioned products and industries are indispensable part of today’s world and it has been gradually increasing which will subsequently fuelling the demand of ball screw. Across globe implementation of industrial automation as well as use of industrial robotics is rising for convenience of human, this type of system are also key consumer of ball screw.
High price of ball screw can only be a possible restraint for ball screw market in developing countries otherwise the requirement and usage of ball screw has limited substitute which makes it a demanding product.
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Regarding geography, the global automotive Ball screw market has been categorized into seven key regions including North and Latin America, Eastern Europe, Western Europe, Asia-Pacific excluding Japan, Japan, and the Middle East & Africa. The ball screw market is globally expected to register healthy CAGR during the forecast period.
Regarding value and volume, APE will have the largest market in ball screw in upcoming years; this is because of the countries such as China, India are witnessing strong growth in establishment of industries and other various operations Next to APEJ, North America is the other leading region which is showing tremendous growth in the market of ball screw this is because of the reason alike of APEJ as well as due to other factors such as new technology innovations, more automation in various activities.
Western Europe and Eastern Europe is also a prominent market for ball screw as both these region is well inundated with various type of industries. Japan has also a large no. of industry which creates demand of such ball screw MEA & Latin America both these region has been witnessing growth in oil & gas industry as well as other industries which is providing room for the demand of ball screw in this region as well
Few of the key players of ball screw market are as follows