The global roller screws market is expected to grow at a CAGR of 6% during the forecast period of 2023 to 2030. Roller screws are a type of screw element that has a smooth cylindrical roller on the shaft in addition to a cylindrical nut or head. Because the roller is constructed to provide support along its length, it is suitable for usage in situations in which axial forces are generated as a result of reciprocating motion. Because of their ability to convert linear motion into rotational motion, roller screws are typically utilized either as linear actuators or as rotary actuators. It is anticipated that Europe will be the most lucrative market for roller screw suppliers. The region has a strong presence throughout the entirety of the value chain, which is necessary for increased application in significant industries such as the automobile industry, aerospace, and others. The global market for roller screws is expected to expand due to a variety of factors, one of which is a rise in the number of emerging economies' oil and gas exploration operations. The growing interest in electric vehicles is fuelling demand for robots across all sectors, which will lead to an expansion in the application of roller screws in the automotive industry for the purpose of boosting productivity. They are also employed as an alternative to pneumatic actuators because of their superior mechanical efficiency, which allows them to conserve more energy than the former. Recirculating roller screws are used to provide linear motion for actuating downhole drilling completion tools and surface completion production equipment. This is possible due to the high-capacity range of these screws as well as their ability to maximize force output while maintaining high levels of efficiency and accuracy. Roller screws are finding more and more applications in electric aircraft, particularly in the role of roller screw actuators, which are responsible for transforming the rotational motion of the aircraft into linear motion.
Multiple Uses of Roller Screws in Various Industries
For a variety of pressurized depositing manifold applications, several original equipment manufacturers (OEMs) in the food industry are transitioning from using ball screws to the roller screw mechanism. After switching from ball screws to roller screws, manufacturers have reported a boost in the fundamental dynamic load carrying capacity that is four times greater than before, as well as an increase in the calculated service life from a few months to more than three years. Roller screws are generally put to use in the oil and gas industry for offshore hoisting, heavy-loaded valves, pipe tensioning, wireline and downhole equipment, and subsea actuations. Other applications for roller screws include: In the oil and gas business, the utilization of roller screws results in increased dependability and efficiency, in addition to increased production.
Growth In the Aerospace Industry Will Increase Demand for Roller Screws
Since the beginning of the last decade, the aerospace industry has been showing consistent growth. Applications that require crucial embedded actuation, such as flight controls, frequently make use of roller screws. Because of the rising utilization of high-performance roller screws as electromechanical actuators, the aerospace end-user industry is the market segment that is expanding at the quickest rate. In the process of producing automobiles, electromechanical actuators in the form of roller screws are utilized to carry out pressing tasks. The automotive sector is the most lucrative sector. Roller screws are put to use in tundish cars for the purpose of continuous casting within the industry that is responsible for the production of steel. Roller screws are among the pieces of machinery that are most suited for these applications. Their sturdy roller screw nuts are able to endure stress loads, and the timing mechanism in their roller screws guarantees that they are reliable even in tough conditions.
Dynamics of Roller Screw Market
The growing need for roller screw is a direct consequence of the expansion of end-use industries such as the automotive, aerospace, and oil and gas sectors. This is one of the key factors that is driving expansion in the global market for roller screws. The roller screw is an essential component of a number of machines and processes, including broaching, plastic moulding machines, and surface and subsea valves that are utilised in oil and gas industries. It also plays an important part in the automotive and aerospace industries as well as the oil and gas sector.
In addition, expanding industrialisation as well as rising sales of commercial and military aircraft, as well as automobiles, are important aspects that are boosting the expansion of the target market. Additionally, an increase in the usage of roller screws as an alternative to ball screws as a result of their high load carrying capacity, large number of contact points, good operating capability in stable friction torque, and higher rotation speed than a ball screw.
Growing Demand for Enhanced Output & High Operational Duty for Automated Applications
One of the primary factors that is anticipated to push growth of the target market is the growing demand for enhanced output and high operational duty for automated applications such as machine presses, factory automation, and other similar applications. Additionally, important aspects that are anticipated to promote the expansion of the target market are the advantages of roller screw over conventional systems. These advantages include a minimum system footprint, low maintenance, and prolonged functional life. As a result of the widespread application of roller screws across a variety of machineries and equipment, particularly in significant end-use industries such as the electronic, automotive, material handling, and semiconductor industries, the global roller screw market is anticipated to experience growth in the near future. The expansion of the global roller screw market is anticipated to be supported by a number of factors, one of which is the growing demand for roller screws from a variety of end-use industries.
It is anticipated that the growing demand for electric vehicles will result in an increase in production capacities as well as the amount of raw material utilised in the production of these vehicles. Additionally, major players as well as vehicle manufacturers in the market are concentrating on establishing and setting up new production facilities. This is one of the primary factors that is anticipated to generate lucrative opportunities for roller screw manufacturers to hold strong position in the target market. The non-recirculating roller screw segment is predicted to account for the majority revenue share. This is the case since this segment is one of the classification segments. It is anticipated that the section of the target market known as the inverted roller screw would contribute the second-largest revenue share.
Increase In Demand for Electrical Vehicles
It is anticipated that an increase in the worldwide demand for electric vehicles would result in an increase in production capacity as well as an increase in the uptake of raw materials required for electric vehicles. Numerous automobile manufacturers are concentrating their efforts on establishing and introducing new plants and manufacturing facilities. This development is anticipated to generate lucrative business opportunities for roller screw manufacturers, allowing them to achieve a competitive advantage in the market in question.
Roller Screws Contribute to Better and Higher Productivity
The expansion of the worldwide roller screw market is predicted to be driven by an increasing demand for better productivity and high operational duty for mechanical applications such as machine presses, factory automation, and other similar applications. Roller screws are a viable alternative to hydraulic systems because of their superior load-bearing and cycle-durability capacities. It is anticipated that the expansion of the global roller screw market would be driven by the widespread application and utilisation of these screws across a variety of industries, sectors, and applications. The fact that these screws provide more elasticity in terms of motion-control competences regarding velocity, position (multiple positions, accuracy), output force, acceleration, and compound control on motion in variable circumstances in comparison to conventional systems is anticipated to propel growth of the global roller screw market.
Volatility In the Raw Material Pricing Is a Challenge
However, the increasing volatility in the pricing of raw materials is a significant element that is acting as a barrier to the expansion of the target market to some degree. In spite of this, the expanding availability of products through e-commerce sales channels is anticipated to present significant potential for advantageous revenue generating for the major participants. The cost of roller screws is high and varies depending on the size of the product, so some linear motors that require linear guides and roller screws require a significant investment in machinery. This is because the cost of roller screws varies according to the size of the product. In the not-too-distant future, it is anticipated that this will slow down the expansion of the roller screw market to some degree.
Automotive & Aerospace Held the Most Dominant Revenue Share in 2021
As a result of the high demand for high-performance roller screw technology and customised roller screws, the automotive and aerospace industries are major applications that accounted for 45% of the global market share in 2021. This is because these industries have a significant need to improve the efficiency of their vehicle control subsystems and flight control. Actuators in the aerospace sector often take the form of roller screws due to the long-term stability and great accuracy of motion that these screws provide. Applications that must withstand enormous loads, such as those found in baggage handling equipment or aeroplane brakes, are ideal candidates for the usage of roller screws. Roller screws are frequently utilised in automobiles for a variety of applications, including engine mounts, power steering gearboxes, and valve actuation. Due to the fact that it has low vibration properties, the use of the recirculating kind of roller screw has expanded significantly in the automotive industry.
North America Remains as the Dominant Market
It is anticipated that North America maintained its position as the most dominant market for roller screws in 2021. Because it is the country that conducts the most oil exploration, the United States makes a substantial contribution to this region. Several multinational corporations, like Royal Dutch Shell plc, Chevron Corporation, and Exxon Mobil Corporation, amongst others, have increased their investments in Latin America, which has led to the region's emergence as a significant market.
Europe is Emerging and to be the Second Largest by End of the Forecast Period
By the year 2030, it is anticipated that Europe will have become the world's second-largest market for roller screws in terms of revenue generated. A large population base, an increasing number of industrial investments, and rising demand from the automotive industry are projected to propel growth in the roller screw market in the Asia-Pacific region, which is expected to be the region with the highest rate of growth. Because there is less economic activity in this region, forecasters anticipate that the Middle East and Africa will have weaker growth rates through the year 2030.
High Market Consolidation, Compelling Key Players to Adopt Market Expansion Strategies
The market for roller screws is highly consolidated, with the top competitors holding about 60% to 70% of the revenue share. Participants in the market are collaborating closely with end customers while also vying for opportunities to expand their geographic presence. Innovation, partnerships, strategic alliances, and the strengthening of regional and worldwide distribution networks are key initiatives. Other key strategies include collaborations with other companies, strategic alliances, and strategic partnerships. AB SKF, Rollvis SA, Creative Motion Control, Moog, Inc., Power Jacks Limited, Kugel Motion Limited, Nook Industries, Inc., Bosch Rexroth Group, August Steinmeyer GmbH & KG, Schaeffler AG, and Others are key market players that are currently active.
Historical & Forecast Period
This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Roller Screw market are as follows:
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
| ATTRIBUTE | DETAILS |
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| Research Period | 2022-2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Year | 2022 |
| Unit | USD Million |
| Segmentation | |
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Region Segment (2022-2032; US$ Million)
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Key questions answered in this report
