Precision Ball Screw Market Report 2022-27 Size, Share, Industry Growth Analysis and Forecast
According to the latest report by IMARC Group, titled " Global Precision Ball Screw Market Report, Size, Share, Industry Trends, Growth, Opportunity and Forecast 2022-2027 ", the global precision ball screw market reached a value of US$ 1.41 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 1.92 Billion by 2027, exhibiting a CAGR of 5.20% during 2022-2027. Precision ball screws are rotary-to-linear devices that convert movement with less friction. They contain long-threaded shafts with ball bearings to withstand pressure and weight while providing a rolling surface. These devices also offer various benefits such as high efficiency, positioning accuracy, enhanced load capacities, and less friction. As a result, precision ball screws are extensively utilized in robotics, aviation and aerospace, medical diagnostic equipment, food and beverages (F&B), retail, energy and mining, and automotive industries across the globe. We are regularl...