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
3rd Dec 2018
- find_in_page Our Research Methodology is based on the following main points:
- Data Collections and Interpretation
- Data Validation
- Final Projections and Conclusion
The global roller Screw market is estimated to value at US$ 0.2 Bn in 2019, and is projected to register a CAGR of 6.3% in terms of revenue. The global roller screw market is segmented on the basis of classification, end user/applications, and region.
Roller screw is low-friction precision screw-type actuator, a mechanical device which is used to convert the rotary motion into a liner motion. These screws are also used in aerospace industry for critical embedded actuation applications such as flight controls.
Global Roller Screw Market Dynamics:
Growing demand for improved production and high operational duty for automated applications such as machine presses, factory automation etc. is one of the major factor expected to propel growth of the target market. Moreover, advantages of roller screw among conventional systems such as minimal system footprint, low maintenance, and prolonged functional life are key factors expected to drive the growth of the target market. Roller screws are widely used in various machineries and equipment, particularly in major end-use industries such as electronics, automotive, material handling, and semiconductor industries, which is expected to fuel growth of global roller screw market. Rising demand for roller screws from various end-use industries is another factor expected to support 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 cost of roller screws is high and fluctuates according to the size of the product. This is expected to hamper growth of the roller screw market to a certain extent in near future.
Increasing demand for electric vehicles is expected to result in increasing production capabilities as well as unprocessed material used for these vehicles. In addition, major players as well as vehicle manufacturers in market are concentrating on establishing and setting up new production facilities are major factors expected to generate lucrative opportunities for roller screw manufacturers to hold strong position in the target market.
Analysis by Classification:
Among the classification segment, the non-recirculating roller screw segment is estimated to account for majority revenue share, and is expected to continue its dominance during the forecast period. The inverted roller screw segment is expected to contribute second-largest revenue share in the target market.
Analysis by End User/Applications:
Among all the end user/applications segments, automotive industry segment is estimated to account for majority revenue share, and is expected to register CAGR of over 6% over the forecast period.
Analysis by Region/countries:
The market in Europe accounted for highest revenue share in 2018, and is expected to register a CAGR of above 6% over the forecast period (2019–2028). The growth of the market in Europe is driven by rapidly growing automotive industry.
Increasing demand for electric vehicles globally is expected to result in increasing production capacity as well as uptake of raw materials used for electric vehicles. Various prominent car manufacturers, as well as domestic players, are focusing on introducing and setting–up plants and manufacturing facilities, which is expected to create profitable opportunities for roller screw manufacturers to acquire a competitive edge in the target market. For instance, in June 2018, Kia Motor Corporation announced plans to set-up a manufacturing plant at Andhra Pradesh, India, aimed to manufacturing electric and hybrid vehicles in order to enhance its presence in the country and Asia Pacific region.
Increasing demand for improved productivity and high operational duty for mechanical applications such as machine presses, factory automation etc. is expected to drive growth of the global roller screw market. Roller screws serve as substitute for hydraulics systems, and have greater load and cycle capabilities. These screws are used in various industries and sectors, and for a range of applications, which is estimated to drive growth of the global roller screw market. These screws provide more elasticity in terms of motion-control competences regarding velocity, position (multiple positions, accuracy), output force, acceleration, and compound control on motion in variable circumstances among conventional systems, which is expected to propel growth of the global roller screw market.
Rapid growth of the automotive industry, along with increasing demand for roller screws for automobile manufacturing are major factors expected to drive growth of the roller screw market during the forecast period. In addition, increasing demand for roller screws for various operations such as plastic injection and blow molding machines, forming and pressing operations, bulk mixing, cutting operations, machine tool feeds, test friction welding, die cutting etc. are factors expected to augment growth of global roller screw market.
Increasing industrial application such as for production of plastic machinery, in the atomic sector, and for machine tools is one of the key factor expected to drive growth of the roller screw. Roller screws are frequently used in the oil & gas industry, owing to availability in compact design, high reliability & efficiency and capability to bear high temperatures. This is major factor expected to drive the growth of roller screw market over the next 10 years.
Increasing production of electric vehicles is expected to increase the demand for electromechanical actuator which in turn is expected to increase deamnd of roller screws in near future.
Global Roller Screw Market Segmentation:
Segmentation by classification:
- Non-recirculating roller screw
- Inverted roller screws
- Recirculating roller screw
- Bearing ring roller screw
Segmentation by end user:
- Oil & Gas Industry
- Aerospace Industry
- Automotive Industry
- Other Industries
Segmentation by region/countries:
- Southeast Asia
- South America
- South Africa
- Rest-of-World (R-o-W)
- 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
- Schaeffler AG
- 1.0 Chapter 1
- 1.1 Preface
- 1.2 Report Assumptions
- 1.3 Research Methodology
- 22.214.171.124 Abbreviations
- 2.0 Chapter 2
- 2.1 Market Overview
- 2.1 Market Definition & Scope of the Report
- 2.1.1 Market Definition
- 2.1.2 Scope of the Report
- 2.2 Market Analysis by Classification
- 2.2.1 Non-recirculating screw
- 2.2.2 Inverted roller screws
- 2.2.3 Recirculating roller screw
- 2.2.4 Bearing ring roller screw
- 2.3 Market Analysis by End user
- 1.0 Chapter 1
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