Global Market Study on Roller Screw: Steel Manufacturing End Use Industry to Significantly Contribute to the Growth of the Global Market in Terms of Value
New York, NY -- (SBWIRE) -- 05/18/2018 -- Understanding several aspects of the global roller screw market, Persistence Market Research has presented a well-structured analysis various trends, opportunities, challenges, restraints and growth drivers influencing the global market in its latest insightful research publication titled "Roller Screw Market: Global Industry Analysis (2012-2016) and Forecast (2017-2025)".
Several aspects of the market are assessed across the key regions of North America, Latin America, Europe, Asia Pacific and Middle East and Africa. This exhaustive research study on roller screw market also includes competitive assessment which can be used to achieve strategic advantage over the competition in the long run. A detailed market segmentation helps to evaluate the value and volume projections of all segments for a period of eight years from 2017-2025.
The global roller screw market is expected to grow at a robust rate during the forecast period to reach a market valuation a bit lower than US$ 340 Mn by the end of the assessment year, 2025 from a value of more than US$ 200 Mn in 2017. The global market for roller screws is expected to rise at a value CAGR of 6.4% throughout the period of forecast.
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By product type, standard segment is the largest and is expected to lead the global market in the coming years. On the contrary, recirculating segment is projected to grow at the highest rate during the forecast period.By end use industry, automotive segment is the largest with respect to value. The aerospace segment is poised to grow at a high value CAGR of 7.8% throughout the assessment period.
With respect to region, Europe is expected to radiate high market attractiveness. The adoption of roller screws is increasing in this region owing to growing automotive sector. North America is the second largest with respect to market value
Growing production of electric aircrafts is expected to increase the demand for electromechanical actuators that in turn are poised to push the sales of roller screws in the coming years. Moreover, increasing preference of OEMs for roller screws, increasing focus of manufacturers of automobiles to produce environment friendly electric vehicles (that is boosting the demand for electromechanical actuators), growing demand for robots in the automotive sector, growing use of roller screws as electromechanical actuators in various industries, and increased adoption of roller screws in welding and riveting is expected to boost the growth of the global roller screws market in the years to follow.
However, high price as compared to alternatives of roller screws (such as ball screws that are lower in pricing) and complexity involved in the manufacturing of roller screws are expected pose challenges to the growth of the global market.
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The global roller screw market research report includes comprehensive analysis on the various players involved in roller screw manufacturing. Intelligence on these competitors can provide a base to identify new strategies and execute new plans to gain an edge over the competition. Few of the players profiled in the research report include AB SKF, Creative Motion Control, Rollvis SA, Kugel Motion Limited, Nook Industries, Inc., Moog, Inc., Power Jacks Limited, August Steinmeyer GmbH & Co. KG, Schaeffler AG and Bosch Rexroth Group.