Global Ball Screw market will reach 1950 million US$ by the end of 2025

Publisher: QYResearch
Published Date: 2019/8/29

The global ball screw market is prophesied to expand on the back of the increase in industrial activities and use of complex machinery. Growing application of ball screw in different industries could be one powerful factor augmenting the development of the market. Improving use of industrial robotics and high implementation of industrial automation are projected to set the tone for valuable growth of the global ball screw market.

Other factors such as new technological innovations, increase in automation, and robust growth of the oil and gas industry could create profit-making opportunities in the global ball screw market. Ball screw finds key application in fabrication, energy and utilities, and aviation industries.

High use of ball screw in cutting-edge technology products, control systems for chemical plant piping, aircraft flaps, and aircraft passenger boarding bridge is anticipated to push the demand in the market. The demand could also increase due to the rising uptake of ball screw because of its impressive mechanical efficiency to change circular motion into linear motion with low friction.

The global Ball Screw market was 1850 million US$ in 2017 and is expected to 1950 million US$ by the end of 2025, growing at a CAGR of 0.7% between 2018 and 2025.

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