Press release
Precision Ball Screw Market Size, Share, Growth Analysis by 2027 | Barnes Industries Inc., Bosch Rexroth, Hiwin Corporation, Koyo Machinery....
Precision Ball Screw Market
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Growth of the global precision ball screw market is driven by growth in semiconductor, aerospace, and medical diagnostic equipment industries. Technological advancements such as industrial automation, robotic surgery, and robotic material handling is expected to boost the demand for precision ball screw across the globe. They are used in industries such as semiconductor manufacturing, medical diagnostic equipment, and aviation & aerospace owing to its features and properties such as precision, accuracy, repeatability, high load bearing capacity, and low friction to movement.
Covid-19 Impact Analysis
The outbreak of COVID-19 has a negative impact on the manufacturing and production of precision ball screws in the first and second quarter of 2020, and is likely to hamper the growth throughout the year. This has further affected the demand for precision from developing countries, including India, China, and others; thereby, halting the production activities. In addition, the disruption of supply chains is causing hindrance in manufacturing of the precision ball screw around the globe.
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Key Players
The key players profiled in the precision ball screw market report include Barnes Industries Inc., Bosch Rexroth, Hiwin Corporation, Koyo Machinery, Kuroda Precision Industries, Nidec Corporation, PMI Group, Schaeffler AG, SKF, and THK Co. Ltd.
Key Market Segments
By Type
Ground Precision Ball Screw
Rolled Precision Ball Screw
By Application
Semiconductor
Medical
Laboratory
Others
By Region
North America
Europe
Asia-Pacific
LAMEA
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of Market Research Reports and Business Intelligence Solutions. AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains.
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