Home > Engineered Products & Infrastructure > Precision Ball Screw Market Growth, Trends and Forecast to 2031
Straits Research

Precision Ball Screw Market

Precision Ball Screw Market: Information by Type (Ground, Rolled), Application (Semiconductor, Laboratory, Medical, and Others), and Regions-Forecast Till 2031

Table of Content Download Sample

Market Overview

The global Precision Ball Screw Market size was valued at USD 1,823 million in 2022. It is projected to reach USD 2,852 million by 2031, growing with a CAGR of 5.1% during the forecast period (2023–2031).

Precision ball screws are mechanical devices that convert rotational motion to linear motion. In terms of accuracy, precision, and efficiency, it outperforms traditional acme lead screws. It has a high efficiency in motion transfer (more than 90%) because it converts sliding friction to rolling friction. Precision ball screws are widely used in the semiconductor, medical device, and aerospace industries because of their high load-bearing capacity, positional accuracy, and repeatability. Furthermore, it allows for cost and weight savings in the overall design of a mechanical system.

Growth in the semiconductor, aviation & aerospace, and healthcare industries are expected to generate possibilities for market participants. However, fluctuations in raw material costs, such as steel and iron, impact producer profitability, limiting the expansion of the precision ball screw market. Furthermore, the increased need for robotics, particularly surgical robots and aerospace equipment, is likely to provide prospects for precision ball screws.

Market Snapshot

market snapshot
Base Year
: 2022
Study Period
: 2021-2031
: 5.1 %
Fastest Growing Market
: North America
Largest Market
: Asia-Pacific
Market Size
: USD 2,852 million by 2031
Get more information on this report Download Sample Report

Market Dynamics

What are the factors driving the market growth?

Growth in Aviation and Aerospace Industry

Precision ball screws are increasingly being adopted in the aviation and aerospace industry, owing to their reliability in providing linear motion. For instance, precision ball screws are used in flap actuators of aircraft to efficiently control the movement of wings and tail. It is also used in actuators for braking systems, motion sensors, and steering systems of space crafts & aircraft. These applications make precision ball screws an indispensable component for the conversion of rotary motion to linear motion in the aviation and aerospace industry. Further, the aviation & aerospace industry has shown significant growth in the past, and it is expected to grow significantly in the future. For instance, in September 2020, the Federal Aviation Administration (FAA), which comes under the US Department of Transportation, released a report according to which international revenue passenger miles (RPMs) are expected to grow by 2.3% annually from 2020 to 2040. This is expected to accelerate the precision ball screw market during the forecast period.

Development of the Semiconductor Industry

Precision ball screws are extensively used in the semiconductor industry for applications such as semiconductor wafer transport systems and actuators. In addition, high-precision ball screws are used in steppers, which are used for manufacturing of ICs (Integrated Circuits). Further, there has been significant growth in the industry in the recent past, and it is projected to grow significantly in the future. For instance, according to data published in July 2020 by SIA (Semiconductor Industry Association) based in the US on worldwide sales of semiconductors, there was an increase of 5.8% in semiconductor sales from May 2019 to May 2020. Furthermore, according to a report published by World Semiconductor Trade Statistics (WSTS) in June 2020, the semiconductor industry is anticipated to register a growth of 6.2%. These scenarios are expected to boost the growth of the precision ball screw market during the forecast period.

What are the factors restraining the market growth?

Fluctuations in Foreign Currencies Influence Profit Margins

Precision ball screws are generally made up of carbon steel, alloy steel, and stainless steel. The steel price often fluctuates owing to different government taxes and demand and supply. In addition, fluctuations in foreign currencies affect the price of steel, which impacts the profit margin of suppliers. For instance, in February 2020, the ministry of steel of the Indian government released a report. As per the report in February 2020, steel exports of India declined by 17.8% compared to January 2020, owing to a hike in domestic prices. These kinds of scenarios are expected to restrain the market growth during the forecast period.

What are the future opportunities for precision ball screws?

Technological Advancements & Innovations in Precision Ball Screws

International Organization for Standardization and Deutsches Institut für Normung have imposed accuracy standards for precision ball screws for positional and transport applications. Lead accuracy is of utmost importance in the medical field. This has created opportunities for players in the precision ball screw market to develop precision ball screws of high lead accuracy. For instance, MPS Microsystems, based in Germany, offers a range of high-precision ball screws for positioning less than 5 µm. In addition, technological advancements such as industrial robots, 3D printing, and factory automation also create opportunities for innovations in precision ball screw products, which will accelerate the growth of the market during the forecast period.

Segmental Analysis

The global precision ball screw market is segmented into type and application.

Depending on the type, the market is divided into ground precision ball screws and rolled precision ball screws.

The ground precision ball screw has the largest market share and is growing with a CAGR of 5.6%. They are manufactured by abrasion process, which is executed on a material blank by rotating it longitudinally between two machining centers, which consist of hard abrasive cutters. Ground precision ball screws are used where high precision and accuracy are required, such as in robotic surgery, medical equipment, and aerospace applications. Ground precision ball screws are increasingly being adopted in aerospace, advanced medical equipment, and robotic surgeries owing to their high precision and high positional accuracy. Growth in aerospace and diagnosis equipment industries is expected to push the demand for ground precision ball screws during the forecast period. Moreover, growth in investments in the aerospace industry drives market growth.

On the basis of application, it is categorized into the semiconductor, medical, laboratory, and others.

The semiconductor application segment dominates the market and is growing with a CAGR of 6.4%. Precision ball screw is used for linear motion in semiconductor equipment such as printed circuit board (PCB) and integrated circuits (IC) manufacturing machines, circuit board plotters, PCB Milling machines, dicing machines, panel prober table units, glass substrate conveyor equipment, and glass edge polishing units. The rise in the adoption of precision ball screws in semiconductor manufacturing equipment can be attributed to features such as positional accuracy, reliability, and high precision. Furthermore, the growth of the semiconductor industry is anticipated to accelerate the market growth during the forecast period.

Regional Analysis

The global market for precision ball screws is divided into four regions: North America, Europe, Asia Pacific, Europe, and LAMEA.

Asia Pacific dominates the market and is growing with a CAGR of 5.5%. Asia-Pacific countries such as India, China, Vietnam, and Indonesia are experiencing rapid industrialization, which is fueling market expansion. For example, in July 2018, the Indian government announced the establishment of a special economic zone in Telangana state for aerospace and precision engineering in Hyderabad. Similarly, the Chinese government announced a plan called "Made in China 2025," in which the government set a goal of reaching $ 305 billion in semiconductor industry output by 2030. The government of India is taking strong initiatives to transform the Indian economy. Plans such as Make in India have majorly contributed to the growth of semiconductor fabrication plants in the country. Such factors are expected to accelerate the growth of the precision ball screw market.

The North American market for precision ball screws is growing with a CAGR of 4.2%. There is a rise in demand for precision ball screws in North America attributed to the growth of the semiconductor, medical device, and aerospace industries. The US witnessed a noticeable increase in research and development activities in its aerospace industry. Furthermore, many manufacturers offer a wide range of precision ball screws to sustain intense competition and improve their product portfolio. For instance, HIWIN Corporation offers precision ball screw series, namely, FSV, FSW, FDV, FDW, FSI, and RSI, for medical devices and other machinery. Such factors are expected to drive the growth of the precision ball screw market in the region during the forecast period.

The aerospace and medical devices industries are witnessing significant growth in Europe. Moreover, growth in the European semiconductor industry offers lucrative growth opportunities for manufacturers of precision ball screws. The aerospace sector has been experiencing significant growth in Europe over the past few years. For instance, in January 2020, under the Harpia program, the government of Poland signed a procurement contract of $ 4.6 billion to purchase 32 Lockheed Martin F-35A Lightning II combat aircraft. This is expected to boost the aerospace sector in Poland, which, in turn, would boost the growth of the European market during the forecast period.

Latin America is witnessing growth in foreign trade owing to industrialization, which drives the demand for precision ball screws. Moreover, Middle Eastern countries are witnessing a rise in the adoption of technological advancements such as industrial automation, IoT, and robotics. As precision ball screws are indispensable components for robotic equipment, the aforementioned factors are anticipated to drive the market's growth. Furthermore, Africa is witnessing industrialization as it has become the new investment avenue for global investors and multinational manufacturing companies. In March 2018, the African Union launched the African Continental Free Trade Area, one of the largest free trade areas, which aims to unlock manufacturing potential and facilitate industrialization to drive sustainable growth and jobs in Africa. Such factors are projected to drive the growth of the precision ball screw market in the region.


Precision Ball Screw Market Regional Analysis
Regional Growth Insights Download Free Sample

Top Key Players of Precision Ball Screw Market

  1. Barnes Industries Inc.
  2. Bosch Rexroth
  3. HIWIN Corporation
  4. Koyo Machinery
  5. Kuroda Precision Industries
  6. Nidec Corporation
  7. PSR Group
  8. Schaeffler AG
  9. SKF,
  10. THK Co. Ltd.

Report Scope

Report Metric Details
CAGR 5.1%
Forecast Period 2023-2031
Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends
Segments Covered
  1. By Type
    1. Ground
    2. Rolled
  2. By Application
    1. Semiconductor
    2. Laboratory
    3. Medical
    4. Others
Geographies Covered
  • North America
  • Europe
  • APAC
  • Middle East and Africa

Recent Developments

  • March 2021- Ewellix, formerly SKF Motion Technologies, introduced a new smooth-running, high-accuracy ball screw range for automation and heavy-duty applications, which will boost machine service life while attaining 25% higher speed limits and low noise levels.
  • July 2022- PBC Linear, a Pacific Bearing Company and a major player in linear motion solutions, has added Miniature Metric Ball Screw Assemblies to its extensive offering. This combination of precision-rolled screw and compact nut is generating great performance from an inexpensive package, building on the success of their lead screw technology.

Precision Ball Screw Market Segmentation

By Type

  • Ground
  • Rolled

By Application

  • Semiconductor
  • Laboratory
  • Medical
  • Others

By Region

  • North America
  • Europe
  • Asia Pacific

Frequently Asked Questions (FAQs)

How big is the precision ball screw market?
The global Precision Ball Screw Market size was valued at USD 1,823 million in 2022. It is projected to reach USD 2,852 million by 2031, growing with a CAGR of 5.1% during the forecast period (2023–2031).
North America has the highest growth rate in the precision ball screw market.
Key verticals adopting the precision ball screw market include: Barnes Industries Inc., Bosch Rexroth, HIWIN Corporation, Koyo Machinery, Kuroda Precision Industries, Nidec Corporation, PSR Group, Schaeffler AG, SKF, and THK Co. Ltd.
Growth in aviation and aerospace industry and development of the semiconductor industry are the key driver for the growth of the precision ball screw market.
Technological advancements & innovations in precision ball screws is one of the upcoming key trends in the precision ball screw market.
Price Starts From
USD 995

Purchase Benefits

  • Eligible for a free updated report next year
  • Completely customizable scope
  • 30% discount on your next purchase
  • Dedicated account manager
  • Query resolution within 24 hours
  • Permission to print the report
Want to learn more about recent trends and data ?
They Already Trust Us :
AMCAD Engineering
Hindustan National Glass & Industries Limited
Voith Group
Need Assistance?
+1 646 905 0080 (U.S.)
+44 203 695 0070 (U.K.)

Report Benefits

  • Develop business strategies by understanding the trends shaping and driving the Market.
  • Drive revenues by understanding the key trends, innovative products and technologies, market segments, and companies likely to impact the Market in the future.
  • Formulate effective sales and marketing strategies by understanding the competitive landscape and by analysing the company share of market leaders.
  • Identify emerging players with potentially strong product portfolios and create effective counter-strategies to gain a competitive advantage.
  • Track sales in the global and country-specific Market.
  • Organize your sales and marketing efforts by identifying the market categories and segments that present maximum opportunities for consolidations, investments and strategic partnerships.
Report Snapshot
Looking For Custom Report ?
Check Our License Options :

As featured on :

Trusted by Fortune 500
Over 30000+ subscribers