Global Roller Screw Market Analysis and Review by Product (Standard Roller Screws, Recirculating Roller Screws, Inverted Roller Screws and Bearing Rings)
Industry: Industrial Automation
Published Date: July-2023
Format: PPT*, PDF, EXCEL
Delivery Timelines: Contact Sales
Number of Pages: 164
Report ID: PMRREP15469
The global roller screw market is estimated to be valued at US$ 299.7 million in 2023. As per the study by Persistence Market Research, the market is set to reach a valuation of US$ 557.3 million by 2033, expanding at a CAGR of 6.4% over the next ten years.
The aerospace and defense sectors account for high demand for roller screws. These industries require precise and robust motion control systems for applications such as aircraft control, satellite deployment mechanisms, and defense equipment.
Roller screws offer the necessary performance and reliability for critical applications. Growing preference for environment-friendly roller screw materials and lubricants due to increased awareness of sustainability is a key trend in this market.
Attribute | Key Insights |
---|---|
Market Size (2023) |
US$ 299.7 Million |
Projected Market Value (2033) |
US$ 557.3 Million |
Projected Market Growth Rate (2023 to 2033) |
6.4% CAGR |
Leading Regional Market |
Europe |
From 2018 to 2022, the roller screw market exhibited a steady growth trajectory, with a CAGR of 4.1%. The market benefited from various factors such as increasing industrial automation, rising demand for precision machinery, and innovations in manufacturing technologies. These factors drove the adoption of roller screws across industry verticals such as manufacturing, aerospace, automotive, and robotics. However, it is essential to consider the forecast factors for the market.
Industry experts anticipate continued growth in the market driven by factors such as expanding industrial sectors and the emergence of new application areas. This forecast suggests a promising outlook for the market, with sustained demand and opportunities for manufacturers and stakeholders over the decade.
As per Persistence Market Research, worldwide sales of roller screws are projected to rise at a CAGR of 6.4% from 2023 to 2033, reflecting the industry's potential for development. This optimistic projection can be attributed to several factors, including increasing demand for precision engineering and automation solutions across various sectors such as manufacturing, aerospace, automotive, and robotics. Ongoing innovations in roller screw designs and performance are expected to drive market growth and lead to newer applications.
Attribute | Details |
---|---|
CAGR (2023 to 2033) |
6.4% |
Market Value (2033) |
US$ 557.3 Million |
Attribute | Details |
---|---|
CAGR (2023 to 2033) |
5.2% |
Market Value (2033) |
US$ 2.52 Billion |
Attribute | Details |
---|---|
CAGR (2023 to 2033) |
6.2% |
Market Value (2033) |
US$ 14.1 Billion |
Drivers Propelling Demand for Roller Screws:
Challenges for Manufacturers of Roller Screws:
Opportunities in the Roller Screw Industry:
Latest Trends in the Market:
What is the Sales Projection for Roller Screws in the United States?
“High Demand for Precision Machinery and Advancements in Industrial Automation”
Country | Market Size (2033) |
---|---|
United States | US$ 94 Million |
Country | Growth Rate (2023 to 2033) |
---|---|
United States | 7% CAGR |
The United States market is expected to exhibit substantial growth and create significant opportunities for market players. This growth trajectory can be attributed to factors such as the increasing demand for precision machinery, advancements in industrial automation, and a continuous drive for technological innovations.
Manufacturers and suppliers are provided with ample opportunities to capitalize on the rising demand for roller screws and cater to the evolving needs of various sectors, including manufacturing, aerospace, automotive, and robotics.
How is Demand for Roller Screws Progressing in the United Kingdom?
“Rising Demand for Roller Screws in Commercial & Industrial Sectors”
Country | Market Size (2033) |
---|---|
United Kingdom | US$ 28.6 Million |
Country | Growth Rate (2023 to 2033) |
---|---|
United Kingdom | 6.1% CAGR |
The market in the United Kingdom is expected to reach US$ 28.6 million by 2033. The country offers a conducive environment for roller screw manufacturers, providing them with opportunities to meet the evolving needs of industries such as manufacturing, aerospace, automotive, and robotics. The projected growth of the United Kingdom market demonstrates the country's significance as a key market player in driving industry expansion and displays its potential as a lucrative market for roller screw applications.
What are the Factors Contributing to Market Growth in China?
“Increasing Investments in Automation and Robotics and Emphasis on Technological Innovation”
Country | Market Size (2033) |
---|---|
China | US$ 26.1 Million |
Country | Growth Rate (2023 to 2033) |
---|---|
China | 7.5% CAGR |
The market in China is projected to reach US$ 26.1 million by 2033, expanding at 7.5% CAGR, indicating a high growth trajectory. This optimistic outlook is driven by several factors, including China's robust manufacturing sector, increasing investments in automation and robotics, and the continuous drive for technological innovation.
As China continues to establish itself as a manufacturing powerhouse, the demand for precision machinery and automation solutions is expected to soar. Manufacturers are well-positioned to capitalize on this trend, catering to the needs of various sectors, including manufacturing, automotive, aerospace, and robotics.
Which Roller Screw Type Accounts for Higher Sales?
“Cost-effectiveness of Standard Roller Screws Propelling Their Sales”
The standard roller screw segment is expected to maintain its dominance and exhibit significant growth through 2033. Sales of standard roller screws are anticipated to rise at 6% CAGR through 2033.
The popularity of standard roller screws can be attributed to their widespread applications across various industries and their cost-effectiveness compared to other specialized variants. These screws find extensive usage in industrial automation, manufacturing machinery, robotics, and other sectors requiring reliable linear motion solutions.
Steady growth of the segment highlights the reliability, versatility, and continued demand for this type from a diverse range of industries, solidifying its position as a key driver of the roller screw industry's expansion.
How is the Industrial Machinery Sector Driving Market Growth?
“Precise and Reliable Linear Motion Offered by Roller Screws Driving Widespread Product Adoption in Industrial Machinery Sector”
The industrial machinery sector is playing an important role in driving the growth of the global roller screw market. Utilization of roller screws in this sector is anticipated to rise at a 7% CAGR from 2023 to 2033. This dominance can be attributed to the widespread adoption of roller screws in various industrial machinery applications.
Roller screws offer precise and reliable linear motion, making them essential components in a wide range of machinery, including manufacturing equipment, packaging machines, metalworking machinery, and more. The sector's strong presence and focus on continuous innovation contribute to the overall expansion and development of the market.
Companies invest hugely in research and development to introduce innovative products that offer enhanced efficiency, reliability, and cost-effectiveness. Product innovation enables companies to differentiate themselves from their competitors and cater to the evolving needs of customers.
Key players in the industry often form strategic partnerships and collaborations with other companies to leverage their strengths and expand their reach in the market. Such collaborations also allow companies to gain access to new technologies and markets.
The roller screw industry is witnessing significant growth in emerging markets such as South Korea and Japan. Key players are expanding their presence in these markets by establishing local manufacturing facilities and strengthening their distribution networks.
Key players in the industry are engaging in mergers and acquisitions to consolidate their market position and expand their product portfolios.
Attribute | Details |
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Base Year for Estimation |
2022 |
Historical Data |
2018 to 2022 |
Forecast Period |
2023 to 2033 |
Quantitative Units |
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Report Coverage |
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Market Segments Covered |
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Regions Covered |
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Key Countries Covered |
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Key Companies Profiled |
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Customization and Pricing |
Available upon Request |
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The global roller screw market stands at a valuation of US$ 299.7 million in 2023.
Worldwide demand for roller screws is set to rise at 6.4% CAGR through 2033.
The industrial machinery sector holds a dominant share of the market.
Global sales of roller screws are predicted to reach US$ 557.3 million by 2033.
The market for roller screws in Europe is set to reach a size of US$ 351.4 million by 2033.