Global Precision Ball Screw Market to Reach USD 2.4 Billion by 2033, Stimulated by Increasing Product Usage in Medical Diagnostics Tools

November 13, 2024 | Chemical & Materials

IMARC Group’s latest report, titled “Precision Ball Screw Market Report by Type (Ground Precision Ball Screw, Rolled Precision Ball Screw), Application (Semiconductor, Medical, Laboratory, and Others), and Region 2025-2033,” finds that the global precision ball screw market size reached USD 1.6 Billion in 2024. Precision ball screws refer to mechanical actuators comprising long-threaded shafts with ball bearings. They are designed to convert rotatory motion into linear motion and can withstand substantial stress and weight while providing a rolling surface. They offer high efficiency, better load-bearing capacity, less friction, and superior positioning accuracy. They are widely used in manufacturing plants, construction works, robotics, material handling, advertising companies, printing and machinery repair shops, and computer numerical control (CNC) machines. As a result, precision ball screws find extensive applications across the energy and mining, healthcare, food and beverages (F&B), automotive, retail, and aerospace industries.

Global Precision Ball Screw Market Trends:

The increasing product usage in medical diagnostics tools requiring accurately controlled movements for efficient operations represents the primary factor driving the market growth. Moreover, the growing product adoption in manufacturing high-tech medical equipment, such as dental milling machines, surgical robots, and robotic endoscopy devices, has augmented the demand for precision ball screws. In addition, there has been an increase in product use across the aviation and aerospace sectors as they assist in withstanding heavy loads and eliminating leakage, sponginess, and problems related to hydraulic and pneumatic systems in aircraft. Along with this, the surging utilization of precision ball screws in semiconductors to decrease friction and prolong the lifespan of machines has accelerated product adoption rates. Furthermore, the leading manufacturers are developing novel precision ball screws to improve machine reliability, achieve higher speed limits, and reduce vehicle noise levels, which is anticipated to expand product applications across the automotive industry. Other factors, including the significant growth in the automobile sector, rising government investments in the semiconductor industry, improving healthcare infrastructure, rapid industrialization, and product innovations, are also creating a favorable market outlook. Looking forward, IMARC Group expects the market value to reach USD 2.4 Billion by 2033, growing at a CAGR of 4.3% during the forecast period (2025-2033).

Market Summary:

Based on the type, the market has been bifurcated into ground and rolled precision ball screws.
On the basis of the application, the market has been classified into semiconductor, medical, laboratory, and others.
Region-wise, the market has been segmented into North America (the United States and Canada), Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others), and Middle East and Africa.
The competitive landscape of the market has also been analyzed, with some of the key players being Hiwin Corporation, Koyo Machinery USA Inc., KSS Co. Ltd., KURODA Precision Industries Ltd., Nidec Corporation, NSK Ltd., PMI Group (Precision Motion Industries Inc.), Robert Bosch GmbH, TBI Motion Technology Co. Ltd., THK Co. Ltd., and Tsubaki Nakashima Co. Ltd.

Report Coverage:

Report Features	Details
Base Year of the Analysis	2024
Historical Period	2019-2024
Forecast Period	2025-2033
Units	Billion USD
Segment Coverage	Type, Application, Region
Region Covered	Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered	United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered	Hiwin Corporation, Koyo Machinery USA Inc., KSS Co. Ltd., KURODA Precision Industries Ltd., Nidec Corporation, NSK Ltd., PMI Group (Precision Motion Industries Inc.), Robert Bosch GmbH, TBI Motion Technology Co. Ltd., THK Co. Ltd. and Tsubaki Nakashima Co. Ltd.
Customization Scope	10% Free Customization
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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Global Precision Ball Screw Market to Reach USD 2.4 Billion by 2033, Stimulated by Increasing Product Usage in Medical Diagnostics Tools

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