Prudour announces publication of its most recently generated research report titled, “Global Roller Screw Market by Classification (non-recirculating roller screw, inverted roller screw, recirculating roller screw, bearing ring roller screw), by End User/Applications (oil & gas industry, aerospace industry , automotive industry and other industries), and Region/Countries – Global Forecast to 2028.”, which offers a holistic view of the global roller screw market through systematic segmentation that covers every aspect of the target market. The first five-year cumulative revenue (2019–2023) is projected to be US$ 1.3 Bn, which is estimated to increase moderately over the latter part of the five-year forecast period.
Roller screw can be defined as low-friction precision screw-type actuator, a mechanical device which is used to transform rotary motion into liner motion. Roller screws are often used for pressing applications in vehicle manufacturing, and in robotic welding guns used in the production of car chassis.
Browse the full “Roller Screw Market By Classification (Non-Recirculating Roller Screw, Inverted Roller Screw, Recirculating Roller Screw, and Others), By End User/Applications (Oil & Gas Industry, Aerospace Industry , And Others), And Region – Global Forecast To 2028” report at https://marketresearch.biz/report/roller-screw-market/
Global Roller Screw Market: Market Dynamics
Increasing demand for enhanced production and high operational duty for automated applications such as machine presses, factory automation etc. is one of the key factor that is expected to drive growth of the target market. In addition, benefits of roller screw over conventional systems such as small system footprint, low maintenance requirement, and extended functional life are factors expected to propel growth of the global roller screw market. Roller screws are often used in various equipment and machineries, especially in major end-use industries such as automotive, electronics, material handling, and semiconductor, which is expected to drive the growth of global roller screw market. Rising demand for roller screws from various end-use sectors is one of the key factor expected to drive growth of the global roller screw market.
However, some of the linear motors that requires roller screws and linear guides needs huge investment for machinery as the price of roller screws is high and varies according to the size of the products. This is expected to hamper growth of the global roller screw market.
Increasing demand for eco-friendly electric vehicles is expected to result in increasing production capabilities as well as raw material used for these vehicles. In addition, major players as well as vehicle manufacturers in the market are focusing on establishing and setting up new production facilities which is expected to generate profitable opportunities for roller screw manufacturers to acquire strong position in the target market.
Global Roller Screw Market: Market Forecast
The comprehensive research report comprises a complete forecast of the global roller screw market based on factors affecting the market and their impact in the foreseeable future. According to the forecast projections, revenue from the global roller screw market is estimated to register a CAGR of 6.3% during the forecast period.
Global Roller Screw Market: Segmental Snapshot
The market report has been segmented on the basis of classification, end user, and region. The classification segment includes non-recirculating roller screw, inverted roller screws, recirculating roller screw, and bearing ring roller screw. The end user segments include oil & gas industry, aerospace industry, automotive industry, and other industries. The regions/countries covered in the analysis include US, Europe, Japan, China, India, Southeast Asia, South America, South Africa, and others.
By Classification: The non-recirculating roller screw segment is expected to register highest CAGR of over 6% between 2018 and 2028
By End User/Applications: The automotive industry segment is expected to account for highest revenue share in the global roller screw market, and is projected to register highest CAGR of over 6% over the forecast period
By Region/Countries: The market in Europe accounted for highest revenue share in the global roller screw market in 2018, and is expected to register a CAGR over 6% between 2018 and 2028.
Global Roller Screw Market: Competitive Analysis
The research report on the global roller screw market includes profiles of major companies such as AB SKF, Rollvis SA, Creative Motion Control, Bosch Rexroth Group, Power Jacks Limited, Kugel Motion Limited, Nook Industries, Inc., Moog, Inc., August Steinmeyer GmbH & Co. KG, and Schaeffler AG.
The Global Roller Screw Market: Global Industry, Size, Share, Growth, Trends, and Forecast, 2019–2028 report has been prepared based on an in-depth market analysis with inputs from industry experts. This report covers the present scenario and the growth prospects of the global roller screw market for 2018–2028.
Prudour is a specialized market research, analytics, and solutions company, offering strategic and tactical support to clients for making well-informed business decisions. We are a team of dedicated and impassioned individuals, who believe strongly in giving our very best to what we do and we never back down from any challenge. Prudour offers services such as data mining, information management, and revenue enhancement solutions and suggestions. We cater to industries, individuals, and organizations across the globe, and deliver our offerings in the shortest possible turnaround time.
Like us on Facebook: https://www.facebook.com/marketresearch.biz
Follow on Twitter+: https://twitter.com/PrudourResearch
420 Lexington Avenue, Suite 300
New York City, NY 10170,
Email ID: email@example.com