Press release
Precision Ball Screw Market Worth $2,043.9 Million by 2027
Precision Ball Screw Market
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.
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Asia-Pacific serves as the most productive region compared to others with diverse industry verticals significantly investing for business expansion and growth in semiconductor and aerospace sectors is anticipated to boost demand for precision ball screws. Asia-Pacific dominated the market in 2019, in terms of revenue, accounting for around 46.0% of the global precision ball screw market share, followed by Europe.
Key Players
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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