Global roller screw market to witness high growth in the years to follow
According to this research report, the global market for roller screws is expected to witness significant growth during the period of forecast. The global market for roller screws was valued at around US$ 205 Mn in 2017 and is expected to reach a value of more than US$ 335 Mn by the end of the period of forecast (2025). During the period of assessment, the global roller screw market is projected to expand at a value CAGR of 6.4%. This growth can be attributed to the increasing use of roller screws in electric aircrafts where they are used as actuators that convert the rotary motion of the aircraft into linear motion.
Also, increasing focus on electric vehicles, increasing demand for robots across industries, growing automation in the automotive sector to enhance vehicle efficiency and growing use of roller screws in oil and gas industry have contributed to the growth of the global roller screw market.
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- AB SKF
- Creative Motion Control
- Rollvis SA
- Kugel Motion Limited
- Nook Industries, Inc.
- Moog, Inc.
- Power Jacks Limited
- August Steinmeyer GmbH & Co. KG
- Schaeffler AG
- Bosch Rexroth Group
Growing preference of Original Equipment Manufacturers (OEMs) for automated production systems to unlock new opportunities for growth
The market for roller screws is highly competitive. Several small players are investing in this market and are struggling to gain hold on the market by consuming substantial market share. These players are striving to tap new revenue pockets across the globe with a view to expand business operations and reach high level prospects in different end use industries. OEMs are focusing on automated production systems in order to enhance the product and service quality. This has pushed them to produce compact systems that consume less space.
Roller screws are widely used in automated assembly cells for various operations that need repeatable and precise linear motion, for instance operations such as riveting and welding. This is expected to present lucrative growth opportunities with respect to roller screw adoption in the coming years.
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Automotive sector – a fast consumer of roller screws – is shaping the global market growth
Roller screws are used as electromechanical actuators in order to carry out pressing applications in vehicle manufacturing. They are widely used in robotic welding guns during the manufacturing of chassis of cars. Electromechanical actuators driven by roller screws are effective solution to meet the ever rising demand of production in the automotive sector.
The automotive segment is the most lucrative end user segment and is expected to grow at a value CAGR of 5.2% during the forecast period. In 2017, this segment was valued at about US$ 71 Mn and is anticipated to reach a value of more than US$ 100 Mn by the end of the year of assessment, 2025. This segment dominates the global market with respect to value as well as volume throughout the period of forecast.
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Demand for roller screws to rise in the aerospace industry in the years to follow
Aerospace industry has been witnessing steady rise since past years. Roller screws are used for critical embedded actuation applications like flight controls. The aerospace end user industry segment is the fastest growing segment owing to increased adoption of roller screws as electromechanical actuators in this sector. The aerospace segment is projected to grow at a high value CAGR of 7.8% during the period of assessment.
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