Browse full report: https://marketsnresearch.com/report/1459/global-satellite-roller-screws-market
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. The market has suffered significant decline in year 2020 owing to strict lockdowns imposed by several governments around the world. Strict rules on manufacturing process, personnel movement and transportation have led to decline in overall sale of the satellite roller screws. Moreover, disruption of distribution chain and sale channels in top satellite roller screws manufacturing countries has also contributed to the less revenue generation. However, the market is expected to bounce back and grow with healthy rate over the forecast period.
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. High capacity to carry heavy loads for thousands of hours in the most grueling conditions makes satellite roller screws suitable for the most end use industries. In addition, satellite roller screws are available in different types such as standard planetary roller screw, inverted roller screw, recirculating roller screw and bearing ring roller screw, whereas standard planetary roller screw has largest market share and it is expected to witness highest share in the forecast period from 2020 to 2028.
The satellite roller screws are used in different end-use industries such as oil & gas, aerospace, automotive, and steel manufacturing, among others. 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