Press release
Precision Ball Screw Market Worth $2,043.9 Million by 2027 | Key Drivers, Restraints & Opportunity
Precision Ball Screw Market
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According to a new report published by Allied Market Research, titled, “Precision Ball Screw Market by Type and Application: Opportunity Analysis and Industry Forecast, 2020–2027,” the global precision ball screw market size was valued at $1,571.0 million in 2019, and is projected to reach $2,043.9 million by 2027, registering a CAGR of 5.1% from 2020 to 2027.
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.
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.
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Key Market Segments
By Type
Ground Precision Ball Screw
Rolled Precision Ball Screw
By Application
Semiconductor
Medical
Laboratory
By Region
North America
Europe
Asia-Pacific
LAMEA
Others
Key Benefits For Stakeholders
The report provides an extensive analysis of the current and emerging precision ball screw market trends and dynamics.
In-depth precision ball screw market analysis is conducted by constructing market estimations for the key market segments between 2020 and 2027.
Extensive analysis of the market is conducted by following key product positioning and monitoring of the top competitors within the market framework.
A comprehensive analysis of all the regions is provided to determine the prevailing the precision ball screw market opportunities.
The global precision ball screw market forecast analysis from 2020 to 2027 is included in the report.
The key players within market are profiled in this report and their strategies are analyzed thoroughly, which help understand the competitive outlook of the precision ball screw industry.
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help@alliedmarketresearch.com
About Us
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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