Research report published by Proficient Market Research “Satellite Roller Screws Market, By Type (Standard Planetary Roller Screw, Inverted Roller Screw, Recirculating Roller Screw and Bearing Ring Roller Screw); By End-use Industry (Oil & Gas, Aerospace, Automotive, Steel Manufacturing and Others) Market Growth, Future Prospects, Post COVID-19 Scenario 2020 – 2028”, states that the global satellite roller screws market is expected to grow at a CAGR of 8.1% during the forecast period from 2020 to 2028.
The satellite roller screws are low friction actuator and a mechanical device that coverts rotational motion in to linear motion and vice versa. These roller screws helps to enhance performance of the various end-use industries and also provides unique linear device that can convert rotary movements. Apart from this, satellite roller screws also increase the number of points of contact with different bearing systems. Apart from this, the COVID-19 outbreak has significantly affected the overall satellite roller screws market.
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Furthermore, there is rising demand of high-performance satellite roller screws in different end-use industries, which helps in transferring a rotational movement into a linear one. With the rapidly growing automobile, aerospace, and oil gas industries, the demand of high-performance linear motion systems is increasing to reduce time and cost of the overall process. However, the manufacturers are also focusing on high performance satellite roller screws owing to load rating precision, high life span, rigidity, speed, low friction and acceleration.
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Some of the key players in the global satellite roller screws market are AB SKF, Rollvis S.A., Bosch Rexroth AG, Creative Motion Control, Moog Inc., Power Jacks Limited, Kugel Motion Limited, Nook Industries Inc., August Steinmeyer GmbH and Schaeffler AG.
Trends and Future Outlook:
Increasing government initiatives to expand the business, where manufacturers are adopting advanced and cost-effective technologies in every sector
Expanding investments in high performance satellite roller screws owing to develop innovative techniques for different roller screws
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Based on type, the satellite roller screws market is segmented into the following:
Standard Planetary Roller Screw
Inverted Roller Screw
Recirculating Roller Screw
Bearing Ring Roller Screw
Standard Planetary Roller Screw segment held the overall Satellite Roller Screws Market
In 2020, the standard planetary roller screw segment led the overall satellite roller screws market in terms of market value accounting for over 32% of the global market. In standard planetary roller screw, both nut and screw has same multiple start thread, where, the start thread of the rollers match to the nut thread and this matched threads avoids axial movement among roller and nut as the rollers spin.
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Based on end-use industry, the satellite roller screws market is segmented into the following:
Oil & Gas
Automotive segment held the overall Satellite Roller Screws Market in terms of market value
In 2020, the automotive segment led the overall satellite roller screws market in terms of market value accounting for over 27% of the global market. The satellite roller screws for automotive industry are designed to withstand harsh and tough environment of automotive vehicles and other motorsport vehicle, which also helps to meet different needs and requirements of other racing environments.
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Asia Pacific held the largest share in the Satellite Roller Screws Market
In 2020, Asia Pacific held the largest share in the satellite roller screws market because developing countries in Asia Pacific region such as India and China are experiencing dynamic changes owing to rapid expansion of various industries. Moreover, Japan and South Korea are also witnessing adoption of newer technologies in manufacturing sector.
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