Global motor spindles market is expected to reach 1463.87 million USD by the end of 2022

The global motor spindles market is valued at 1015.43 million USD in 2016 and is expected to reach 1463.87 million USD by the end of 2022, growing at a CAGR of 5.36% between 2016 and 2022.

Publisher: QYResearch

Published Date: 2018-05-31

In the past five years from 2012 to 2016, global motor spindles production revenue market scale was from 722.74 million US dollars to $ 1015.43 million. It is estimated to reach 1081.30 million dollars by 2017 and 1463.87 million dollars by 2022, with the CAGR of 5.36% in terms of revenue over the period 2016-2022.

The motor spindles consumption volume was 771 thousand units in 2016 and is expected to reach 829 thousand units in 2017 and 1170 thousand units in 2022, growing at a CAGR of 6.14% from 2016 to 2022. China`s sales volume accounted for the highest market share (27.03%) in 2016.

At present, the manufactures of motor spindles are concentrated in Europe, North America and China. Europe is the largest production area in the world, which occupied about 37.65% in 2016. The following areas are China and North America. The global leading players in this market are Westwind, Fischer Precise, Kessler, Siemens and etc.

Motor spindles are mainly used by PCB industry, Consumer Electronics, Machinery Manufacturing, Automotive and Aerospace. The main types of motor spindles are Rolling Motor Spindles, Air Bearing Motor Spindles, and Liquid Journal Motor Spindles.

Despite the presence of competition problems, due to the increasing demand of high precision and effective products, investors are still optimistic about this area, the future will still have more new investment enter the field. In the next five years, the consumption volume will keep increasing, as well as the consumption value.

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